TECHFOLK AS

0164 OSLO

Finances

Share Ownership

Return on Equity

103,98 %

Current Ratio

1,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	56 468 000	30 796 000	7 991 000	522 000
Net Income	13 020 000	11 118 000	2 405 000	274 000
Total Assets	32 531 000	22 929 000	5 384 000	568 000
Total Equity	12 522 000	3 502 000	2 884 000	299 000

Income (NOK)	2022	2021	2020	2019
Revenue	56 468 000	30 796 000	7 991 000	522 000
Expenditure	39 765 000	16 538 000	4 908 000	170 000
Operating Profit	16 704 000	14 258 000	3 083 000	352 000
Financial Income	5 000	2 000	0	0
Financial Costs	11 000	2 000	1 000	0
Financial Balance	−6 000	0	−1 000	0
Earnings Before Tax	16 698 000	14 259 000	3 083 000	352 000
Tax	3 677 000	3 140 000	678 000	77 000
Net Income	13 020 000	11 118 000	2 405 000	274 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 238 000	619 000	151 000	41 000
Total Current Assets	31 293 000	22 310 000	5 233 000	527 000
Total Assets	32 531 000	22 929 000	5 384 000	568 000
Total Retained Equity	12 318 000	3 297 000	2 679 000	274 000
Total Equity	12 522 000	3 502 000	2 884 000	299 000
Total Long-Term Debt	19 000	20 000	7 000	4 000
Total Current Debt	19 989 000	19 407 000	2 493 000	265 000
Total Equity and Debt	32 531 000	22 929 000	5 384 000	568 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	56 468 000	30 796 000	7 991 000	522 000
Other Income	0	0	0	0
Revenue	56 468 000	30 796 000	7 991 000	522 000
Cost of Goods Sold	0	98 000	0	0
Salary Costs	36 431 000	15 410 000	4 558 000	157 000
Depreciation	345 000	122 000	37 000	2 000
Impairment	0	0	0	0
Expenditure	39 765 000	16 538 000	4 908 000	170 000
Operating Profit	16 704 000	14 258 000	3 083 000	352 000
Financial Income	5 000	2 000	0	0
Financial Costs	11 000	2 000	1 000	0
Financial Balance	−6 000	0	−1 000	0
Dividends	4 000 000	10 500 000	0	0
Net Income	13 020 000	11 118 000	2 405 000	274 000

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	894 000	510 000	151 000	41 000
Total Tangible Assets	894 000	510 000	151 000	41 000
Total Fiancial Fixed Assets	344 000	109 000	0	0
Total Fixed Assets	1 238 000	619 000	151 000	41 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	20 767 000	17 733 000	3 441 000	317 000
Total Current Assets	31 293 000	22 310 000	5 233 000	527 000
Total Assets	32 531 000	22 929 000	5 384 000	568 000
Total Equity	12 522 000	3 502 000	2 884 000	299 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 000	20 000	7 000	4 000
Creditors	718 000	141 000	31 000	15 000
Unpaid Taxes	6 550 000	2 695 000	871 000	162 000
Dividends	4 000 000	10 500 000	0	0
Other Current Debt	5 044 000	2 944 000	916 000	15 000
Total Current Debt	19 989 000	19 407 000	2 493 000	265 000
Total Equity and Debt	32 531 000	22 929 000	5 384 000	568 000

Financial indicators	2022	2021	2020	2019
Return on Equity	103,98 %	317,48 %	83,39 %	91,64 %
Debt-to-Equity Ratio	0	0,01	0	0,01
Operating Profit Margin	29,58 %	46,3 %	38,58 %	67,43 %
Current Ratio	1,57	1,15	2,1	1,99
Quick Ratio	1,57	1,15	2,1	1,99
Equity Ratio	0,38	0,15	0,54	0,53
Gross Profit Margin	100 %	99,68 %	100 %	100 %