IOTEK AS

8373 BALLSTAD

Finances

Share Ownership

Return on Equity

−53,26 %

Current Ratio

1,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	3 468 000	4 365 000	2 404 000
Net Income	−98 000	478 000	530 000
Total Assets	882 000	1 615 000	1 142 000
Total Equity	184 000	282 000	304 000

Income (NOK)	2022	2021	2020
Revenue	3 468 000	4 365 000	2 404 000
Expenditure	3 563 000	3 751 000	1 725 000
Operating Profit	−96 000	615 000	680 000
Financial Income	0	2 000	0
Financial Costs	6 000	3 000	0
Financial Balance	−6 000	−1 000	0
Earnings Before Tax	−102 000	615 000	680 000
Tax	−5 000	137 000	150 000
Net Income	−98 000	478 000	530 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	77 000	128 000	0
Total Current Assets	805 000	1 486 000	1 142 000
Total Assets	882 000	1 615 000	1 142 000
Total Retained Equity	154 000	252 000	274 000
Total Equity	184 000	282 000	304 000
Total Long-Term Debt	0	5 000	0
Total Current Debt	698 000	1 328 000	837 000
Total Equity and Debt	882 000	1 615 000	1 142 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 467 000	4 361 000	2 403 000
Other Income	1 000	4 000	1 000
Revenue	3 468 000	4 365 000	2 404 000
Cost of Goods Sold	38 000	393 000	159 000
Salary Costs	2 810 000	2 715 000	1 099 000
Depreciation	51 000	25 000	0
Impairment	0	0	0
Expenditure	3 563 000	3 751 000	1 725 000
Operating Profit	−96 000	615 000	680 000
Financial Income	0	2 000	0
Financial Costs	6 000	3 000	0
Financial Balance	−6 000	−1 000	0
Dividends	0	500 000	250 000
Net Income	−98 000	478 000	530 000

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	0	0	0
Fixtures	77 000	128 000	0
Total Tangible Assets	77 000	128 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	77 000	128 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	441 000	763 000	825 000
Total Current Assets	805 000	1 486 000	1 142 000
Total Assets	882 000	1 615 000	1 142 000
Total Equity	184 000	282 000	304 000
Short-Term Group Debt	97 000	0	0
Total Long-Term Debt	0	5 000	0
Creditors	31 000	73 000	26 000
Unpaid Taxes	271 000	351 000	299 000
Dividends	0	500 000	250 000
Other Current Debt	299 000	272 000	113 000
Total Current Debt	698 000	1 328 000	837 000
Total Equity and Debt	882 000	1 615 000	1 142 000

Financial indicators	2022	2021	2020
Return on Equity	−53,26 %	169,5 %	174,34 %
Debt-to-Equity Ratio	0	0,02	0
Operating Profit Margin	−2,77 %	14,09 %	28,29 %
Current Ratio	1,15	1,12	1,36
Quick Ratio	1,15	1,12	1,36
Equity Ratio	0,21	0,17	0,27
Gross Profit Margin	98,9 %	91 %	93,39 %