AVITECH AS

3027 DRAMMEN

Finances

Share Ownership

Return on Equity

−32,11 %

Current Ratio

3,08

Debt-to-Equity Ratio

0,42

Key figures (NOK)	2021	2020	2019
Revenue	4 935 000	6 099 000	4 306 000
Net Income	−499 000	1 243 000	1 036 000
Total Assets	2 448 000	3 526 000	1 758 000
Total Equity	1 554 000	2 052 000	1 059 000

Income (NOK)	2021	2020	2019
Revenue	4 935 000	6 099 000	4 306 000
Expenditure	5 387 000	4 477 000	2 976 000
Operating Profit	−452 000	1 623 000	1 330 000
Financial Income	9 000	11 000	4 000
Financial Costs	62 000	38 000	7 000
Financial Balance	−53 000	−27 000	−3 000
Earnings Before Tax	−506 000	1 595 000	1 326 000
Tax	−7 000	352 000	290 000
Net Income	−499 000	1 243 000	1 036 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	1 690 000	1 249 000	571 000
Total Current Assets	757 000	2 278 000	1 187 000
Total Assets	2 448 000	3 526 000	1 758 000
Total Retained Equity	1 524 000	2 022 000	1 029 000
Total Equity	1 554 000	2 052 000	1 059 000
Total Long-Term Debt	648 000	153 000	10 000
Total Current Debt	246 000	1 321 000	688 000
Total Equity and Debt	2 448 000	3 526 000	1 758 000

Cash flow (NOK)	2021	2020	2019
Sales Income	4 935 000	6 099 000	4 306 000
Other Income	0	0	0
Revenue	4 935 000	6 099 000	4 306 000
Cost of Goods Sold	3 796 000	3 427 000	2 575 000
Salary Costs	242 000	207 000	39 000
Depreciation	446 000	241 000	79 000
Impairment	0	0	0
Expenditure	5 387 000	4 477 000	2 976 000
Operating Profit	−452 000	1 623 000	1 330 000
Financial Income	9 000	11 000	4 000
Financial Costs	62 000	38 000	7 000
Financial Balance	−53 000	−27 000	−3 000
Dividends	0	250 000	0
Net Income	−499 000	1 243 000	1 036 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	1 148 000	634 000	512 000
Total Tangible Assets	1 413 000	981 000	571 000
Total Fiancial Fixed Assets	277 000	268 000	0
Total Fixed Assets	1 690 000	1 249 000	571 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	684 000	1 272 000	903 000
Total Current Assets	757 000	2 278 000	1 187 000
Total Assets	2 448 000	3 526 000	1 758 000
Total Equity	1 554 000	2 052 000	1 059 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	648 000	153 000	10 000
Creditors	23 000	184 000	391 000
Unpaid Taxes	64 000	141 000	7 000
Dividends	0	250 000	0
Other Current Debt	158 000	391 000	10 000
Total Current Debt	246 000	1 321 000	688 000
Total Equity and Debt	2 448 000	3 526 000	1 758 000

Financial indicators	2021	2020	2019
Return on Equity	−32,11 %	60,58 %	97,83 %
Debt-to-Equity Ratio	0,42	0,07	0,01
Operating Profit Margin	−9,16 %	26,61 %	30,89 %
Current Ratio	3,08	1,72	1,73
Quick Ratio	3,08	1,72	1,73
Equity Ratio	0,63	0,58	0,6
Gross Profit Margin	23,08 %	43,81 %	40,2 %