SKOTFOSS ENGINEERING AND TECHNOLOGY AS

3714 SKIEN

Finances

Share Ownership

Return on Equity

2,29 %

Current Ratio

7,64

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020
Revenue	76 000	227 000	101 000
Net Income	3 000	63 000	11 000
Total Assets	144 000	127 000	62 000
Total Equity	131 000	113 000	41 000

Income (NOK)	2022	2021	2020
Revenue	76 000	227 000	101 000
Expenditure	80 000	161 000	73 000
Operating Profit	−4 000	67 000	14 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	−4 000	67 000	13 000
Tax	−7 000	4 000	3 000
Net Income	3 000	63 000	11 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	60 000	69 000	36 000
Total Current Assets	84 000	57 000	26 000
Total Assets	144 000	127 000	62 000
Total Retained Equity	71 000	68 000	11 000
Total Equity	131 000	113 000	41 000
Total Long-Term Debt	3 000	0	17 000
Total Current Debt	11 000	14 000	4 000
Total Equity and Debt	144 000	127 000	62 000

Cash flow (NOK)	2022	2021	2020
Sales Income	76 000	192 000	1 000
Other Income	0	35 000	100 000
Revenue	76 000	227 000	101 000
Cost of Goods Sold	16 000	55 000	73 000
Salary Costs	0	0	0
Depreciation	9 000	−8 000	0
Impairment	0	0	0
Expenditure	80 000	161 000	73 000
Operating Profit	−4 000	67 000	14 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	3 000	63 000	11 000

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	61 000	61 000	36 000
Fixtures	−1 000	8 000	0
Total Tangible Assets	60 000	69 000	36 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	60 000	69 000	36 000
Stock	1 000	1 000	0
Total Investments	0	0	0
Cash, Bank	75 000	45 000	20 000
Total Current Assets	84 000	57 000	26 000
Total Assets	144 000	127 000	62 000
Total Equity	131 000	113 000	41 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	3 000	0	17 000
Creditors	1 000	0	0
Unpaid Taxes	10 000	0	0
Dividends	0	0	0
Other Current Debt	1 000	2 000	4 000
Total Current Debt	11 000	14 000	4 000
Total Equity and Debt	144 000	127 000	62 000

Financial indicators	2022	2021	2020
Return on Equity	2,29 %	55,75 %	26,83 %
Debt-to-Equity Ratio	0,02	0	0,41
Operating Profit Margin	−5,26 %	29,52 %	13,86 %
Current Ratio	7,64	4,07	6,5
Quick Ratio	8,4	4,38	6,5
Equity Ratio	0,91	0,89	0,66
Gross Profit Margin	78,95 %	75,77 %	27,72 %