NORTECH AI AS

5007 BERGEN

Finances

Return on Equity

17,47 %

Current Ratio

2,66

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	8 253 000	1 754 000	182 000
Net Income	222 000	215 000	4 000
Total Assets	1 952 000	1 329 000	113 000
Total Equity	1 271 000	1 043 000	28 000

Income (NOK)	2022	2021	2020
Revenue	8 253 000	1 754 000	182 000
Expenditure	8 017 000	1 478 000	177 000
Operating Profit	235 000	276 000	5 000
Financial Income	3 000	0	0
Financial Costs	16 000	1 000	0
Financial Balance	−13 000	−1 000	0
Earnings Before Tax	222 000	275 000	5 000
Tax	0	61 000	1 000
Net Income	222 000	215 000	4 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	138 000	108 000	0
Total Current Assets	1 814 000	1 221 000	113 000
Total Assets	1 952 000	1 329 000	113 000
Total Retained Equity	441 000	219 000	4 000
Total Equity	1 271 000	1 043 000	28 000
Total Long-Term Debt	0	0	0
Total Current Debt	681 000	286 000	84 000
Total Equity and Debt	1 952 000	1 329 000	113 000

Cash flow (NOK)	2022	2021	2020
Sales Income	7 693 000	1 738 000	157 000
Other Income	560 000	16 000	25 000
Revenue	8 253 000	1 754 000	182 000
Cost of Goods Sold	2 852 000	58 000	0
Salary Costs	4 041 000	827 000	145 000
Depreciation	9 000	5 000	0
Impairment	0	0	0
Expenditure	8 017 000	1 478 000	177 000
Operating Profit	235 000	276 000	5 000
Financial Income	3 000	0	0
Financial Costs	16 000	1 000	0
Financial Balance	−13 000	−1 000	0
Dividends	0	0	0
Net Income	222 000	215 000	4 000

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	31 000	40 000	0
Total Tangible Assets	31 000	40 000	0
Total Fiancial Fixed Assets	107 000	68 000	0
Total Fixed Assets	138 000	108 000	0
Stock	103 000	0	0
Total Investments	0	0	0
Cash, Bank	369 000	901 000	113 000
Total Current Assets	1 814 000	1 221 000	113 000
Total Assets	1 952 000	1 329 000	113 000
Total Equity	1 271 000	1 043 000	28 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	182 000	28 000	9 000
Unpaid Taxes	618 000	117 000	62 000
Dividends	0	0	0
Other Current Debt	502 000	80 000	12 000
Total Current Debt	681 000	286 000	84 000
Total Equity and Debt	1 952 000	1 329 000	113 000

Financial indicators	2022	2021	2020
Return on Equity	17,47 %	20,61 %	14,29 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	2,85 %	15,74 %	2,75 %
Current Ratio	2,66	4,27	1,35
Quick Ratio	3,14	4,27	1,35
Equity Ratio	0,65	0,78	0,25
Gross Profit Margin	65,44 %	96,69 %	100 %