NORITECH AS

4849 ARENDAL

Finances

Share Ownership

Return on Equity

65,6 %

Current Ratio

0,99

Debt-to-Equity Ratio

1,4

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 353 000	8 138 000	6 331 000	40 000
Net Income	164 000	−347 000	401 000	−59 000
Total Assets	3 215 000	2 933 000	2 534 000	45 000
Total Equity	250 000	86 000	433 000	31 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 353 000	8 138 000	6 331 000	40 000
Expenditure	11 120 000	8 441 000	5 803 000	98 000
Operating Profit	233 000	−303 000	527 000	−59 000
Financial Income	1 000	0	0	0
Financial Costs	57 000	58 000	31 000	0
Financial Balance	−56 000	−58 000	−31 000	0
Earnings Before Tax	177 000	−361 000	495 000	−59 000
Tax	13 000	−15 000	94 000	0
Net Income	164 000	−347 000	401 000	−59 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	633 000	576 000	614 000	0
Total Current Assets	2 582 000	2 357 000	1 921 000	45 000
Total Assets	3 215 000	2 933 000	2 534 000	45 000
Total Retained Equity	160 000	−4 000	343 000	−59 000
Total Equity	250 000	86 000	433 000	31 000
Total Long-Term Debt	351 000	772 000	640 000	0
Total Current Debt	2 614 000	2 075 000	1 462 000	14 000
Total Equity and Debt	3 215 000	2 933 000	2 534 000	45 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 353 000	8 138 000	6 331 000	40 000
Other Income	0	0	0	0
Revenue	11 353 000	8 138 000	6 331 000	40 000
Cost of Goods Sold	1 753 000	758 000	1 969 000	9 000
Salary Costs	6 626 000	5 382 000	2 584 000	0
Depreciation	85 000	72 000	33 000	0
Impairment	0	0	0	0
Expenditure	11 120 000	8 441 000	5 803 000	98 000
Operating Profit	233 000	−303 000	527 000	−59 000
Financial Income	1 000	0	0	0
Financial Costs	57 000	58 000	31 000	0
Financial Balance	−56 000	−58 000	−31 000	0
Dividends	0	0	0	0
Net Income	164 000	−347 000	401 000	−59 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	359 000	255 000	327 000	0
Total Tangible Assets	359 000	255 000	327 000	0
Total Fiancial Fixed Assets	273 000	321 000	287 000	0
Total Fixed Assets	633 000	576 000	614 000	0
Stock	217 000	172 000	67 000	0
Total Investments	0	0	0	0
Cash, Bank	304 000	432 000	210 000	45 000
Total Current Assets	2 582 000	2 357 000	1 921 000	45 000
Total Assets	3 215 000	2 933 000	2 534 000	45 000
Total Equity	250 000	86 000	433 000	31 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	351 000	772 000	640 000	0
Creditors	556 000	426 000	623 000	4 000
Unpaid Taxes	746 000	721 000	210 000	0
Dividends	0	0	0	0
Other Current Debt	1 299 000	928 000	549 000	10 000
Total Current Debt	2 614 000	2 075 000	1 462 000	14 000
Total Equity and Debt	3 215 000	2 933 000	2 534 000	45 000

Financial indicators	2022	2021	2020	2019
Return on Equity	65,6 %	−403,49 %	92,61 %	−190,32 %
Debt-to-Equity Ratio	1,4	8,98	1,48	0
Operating Profit Margin	2,05 %	−3,72 %	8,32 %	−147,5 %
Current Ratio	0,99	1,14	1,31	3,21
Quick Ratio	1,08	1,24	1,38	3,21
Equity Ratio	0,08	0,03	0,17	0,69
Gross Profit Margin	84,56 %	90,69 %	68,9 %	77,5 %