Nortech AS

5268 HAUKELAND

Finances

Return on Equity

6,4 %

Current Ratio

7,31

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 172 000	4 560 000	4 326 000	4 386 000
Net Income	904 000	794 000	674 000	790 000
Total Assets	16 076 000	14 630 000	13 966 000	13 632 000
Total Equity	14 135 000	13 331 000	13 129 000	12 555 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 172 000	4 560 000	4 326 000	4 386 000
Expenditure	4 119 000	3 562 000	3 503 000	3 438 000
Operating Profit	1 053 000	998 000	823 000	948 000
Financial Income	106 000	19 000	41 000	65 000
Financial Costs	0	0	0	0
Financial Balance	106 000	19 000	41 000	65 000
Earnings Before Tax	1 159 000	1 018 000	864 000	1 013 000
Tax	255 000	224 000	190 000	223 000
Net Income	904 000	794 000	674 000	790 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 548 000	2 595 000	1 142 000	1 189 000
Total Current Assets	13 528 000	12 035 000	12 824 000	12 443 000
Total Assets	16 076 000	14 630 000	13 966 000	13 632 000
Total Retained Equity	12 035 000	11 231 000	11 029 000	10 455 000
Total Equity	14 135 000	13 331 000	13 129 000	12 555 000
Total Long-Term Debt	90 000	86 000	98 000	98 000
Total Current Debt	1 851 000	1 213 000	738 000	978 000
Total Equity and Debt	16 076 000	14 630 000	13 966 000	13 632 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 172 000	4 560 000	4 326 000	4 166 000
Other Income	0	0	0	220 000
Revenue	5 172 000	4 560 000	4 326 000	4 386 000
Cost of Goods Sold	2 299 000	1 696 000	1 551 000	1 081 000
Salary Costs	1 357 000	1 303 000	1 469 000	1 552 000
Depreciation	47 000	47 000	47 000	41 000
Impairment	0	0	0	0
Expenditure	4 119 000	3 562 000	3 503 000	3 438 000
Operating Profit	1 053 000	998 000	823 000	948 000
Financial Income	106 000	19 000	41 000	65 000
Financial Costs	0	0	0	0
Financial Balance	106 000	19 000	41 000	65 000
Dividends	100 000	100 000	100 000	100 000
Net Income	904 000	794 000	674 000	790 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 032 000	1 069 000	1 106 000	1 143 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	26 000	36 000	46 000
Total Tangible Assets	1 048 000	1 095 000	1 142 000	1 189 000
Total Fiancial Fixed Assets	1 500 000	1 500 000	0	0
Total Fixed Assets	2 548 000	2 595 000	1 142 000	1 189 000
Stock	3 717 000	3 489 000	3 581 000	3 585 000
Total Investments	0	0	0	0
Cash, Bank	8 690 000	8 004 000	8 716 000	8 284 000
Total Current Assets	13 528 000	12 035 000	12 824 000	12 443 000
Total Assets	16 076 000	14 630 000	13 966 000	13 632 000
Total Equity	14 135 000	13 331 000	13 129 000	12 555 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	90 000	86 000	98 000	98 000
Creditors	0	0	10 000	268 000
Unpaid Taxes	870 000	384 000	438 000	390 000
Dividends	100 000	100 000	100 000	100 000
Other Current Debt	631 000	631 000	0	0
Total Current Debt	1 851 000	1 213 000	738 000	978 000
Total Equity and Debt	16 076 000	14 630 000	13 966 000	13 632 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,4 %	5,96 %	5,13 %	6,29 %
Debt-to-Equity Ratio	0,01	0,01	0,01	0,01
Operating Profit Margin	20,36 %	21,89 %	19,02 %	21,61 %
Current Ratio	7,31	9,92	17,38	12,72
Quick Ratio	−7,25	−5,29	−4,51	−4,77
Equity Ratio	0,88	0,91	0,94	0,92
Gross Profit Margin	55,55 %	62,81 %	64,15 %	75,35 %