WELDING AND INSPECTION TECHNOLOGY AS

9408 HARSTAD

Finances

Share Ownership

Return on Equity

38,29 %

Current Ratio

2,32

Debt-to-Equity Ratio

0,39

Key figures (NOK)	2022	2021	2020
Revenue	3 883 000	3 826 000	1 632 000
Net Income	711 000	836 000	280 000
Total Assets	3 491 000	2 116 000	604 000
Total Equity	1 857 000	1 146 000	310 000

Income (NOK)	2022	2021	2020
Revenue	3 883 000	3 826 000	1 632 000
Expenditure	2 951 000	2 745 000	1 273 000
Operating Profit	933 000	1 081 000	359 000
Financial Income	3 000	0	0
Financial Costs	24 000	9 000	0
Financial Balance	−21 000	−9 000	0
Earnings Before Tax	912 000	1 072 000	359 000
Tax	201 000	236 000	79 000
Net Income	711 000	836 000	280 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 393 000	620 000	244 000
Total Current Assets	2 097 000	1 496 000	360 000
Total Assets	3 491 000	2 116 000	604 000
Total Retained Equity	1 827 000	1 116 000	280 000
Total Equity	1 857 000	1 146 000	310 000
Total Long-Term Debt	729 000	343 000	95 000
Total Current Debt	905 000	626 000	199 000
Total Equity and Debt	3 491 000	2 116 000	604 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 883 000	3 795 000	1 632 000
Other Income	0	30 000	0
Revenue	3 883 000	3 826 000	1 632 000
Cost of Goods Sold	808 000	889 000	270 000
Salary Costs	1 130 000	1 115 000	592 000
Depreciation	112 000	42 000	16 000
Impairment	0	0	0
Expenditure	2 951 000	2 745 000	1 273 000
Operating Profit	933 000	1 081 000	359 000
Financial Income	3 000	0	0
Financial Costs	24 000	9 000	0
Financial Balance	−21 000	−9 000	0
Dividends	0	0	0
Net Income	711 000	836 000	280 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	337 000	179 000	147 000
Fixtures	1 026 000	441 000	97 000
Total Tangible Assets	1 363 000	620 000	244 000
Total Fiancial Fixed Assets	30 000	0	0
Total Fixed Assets	1 393 000	620 000	244 000
Stock	21 000	36 000	17 000
Total Investments	0	0	0
Cash, Bank	1 153 000	1 064 000	251 000
Total Current Assets	2 097 000	1 496 000	360 000
Total Assets	3 491 000	2 116 000	604 000
Total Equity	1 857 000	1 146 000	310 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	729 000	343 000	95 000
Creditors	370 000	50 000	19 000
Unpaid Taxes	292 000	255 000	50 000
Dividends	0	0	0
Other Current Debt	82 000	112 000	60 000
Total Current Debt	905 000	626 000	199 000
Total Equity and Debt	3 491 000	2 116 000	604 000

Financial indicators	2022	2021	2020
Return on Equity	38,29 %	72,95 %	90,32 %
Debt-to-Equity Ratio	0,39	0,3	0,31
Operating Profit Margin	24,03 %	28,25 %	22 %
Current Ratio	2,32	2,39	1,81
Quick Ratio	2,37	2,54	1,98
Equity Ratio	0,53	0,54	0,51
Gross Profit Margin	79,19 %	76,76 %	83,46 %