Korrosjons-Teknikk AS

2013 SKJETTEN

Finances

Share Ownership

Return on Equity

47,23 %

Current Ratio

2,46

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 062 000	12 795 000	12 632 000	12 139 000
Net Income	1 998 000	1 315 000	1 302 000	907 000
Total Assets	8 565 000	6 873 000	6 799 000	5 373 000
Total Equity	4 230 000	3 483 000	2 668 000	1 866 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 062 000	12 795 000	12 632 000	12 139 000
Expenditure	15 302 000	11 467 000	10 927 000	10 839 000
Operating Profit	2 688 000	1 793 000	1 805 000	1 252 000
Financial Income	42 000	34 000	32 000	23 000
Financial Costs	162 000	141 000	167 000	117 000
Financial Balance	−120 000	−107 000	−135 000	−94 000
Earnings Before Tax	2 568 000	1 686 000	1 670 000	1 157 000
Tax	571 000	371 000	368 000	250 000
Net Income	1 998 000	1 315 000	1 302 000	907 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	40 000	46 000	0	0
Total Current Assets	8 525 000	6 827 000	6 799 000	5 373 000
Total Assets	8 565 000	6 873 000	6 799 000	5 373 000
Total Retained Equity	3 980 000	3 233 000	2 418 000	1 616 000
Total Equity	4 230 000	3 483 000	2 668 000	1 866 000
Total Long-Term Debt	862 000	1 002 000	1 135 000	1 271 000
Total Current Debt	3 472 000	2 388 000	2 995 000	2 236 000
Total Equity and Debt	8 565 000	6 873 000	6 799 000	5 373 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 061 000	12 795 000	12 547 000	12 139 000
Other Income	0	0	86 000	1 000
Revenue	18 062 000	12 795 000	12 632 000	12 139 000
Cost of Goods Sold	11 393 000	8 006 000	7 645 000	7 394 000
Salary Costs	2 028 000	1 516 000	1 559 000	1 797 000
Depreciation	6 000	15 000	0	0
Impairment	0	0	0	0
Expenditure	15 302 000	11 467 000	10 927 000	10 839 000
Operating Profit	2 688 000	1 793 000	1 805 000	1 252 000
Financial Income	42 000	34 000	32 000	23 000
Financial Costs	162 000	141 000	167 000	117 000
Financial Balance	−120 000	−107 000	−135 000	−94 000
Dividends	1 000 000	500 000	500 000	500 000
Net Income	1 998 000	1 315 000	1 302 000	907 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	26 000	27 000	0	0
Fixtures	15 000	19 000	0	0
Total Tangible Assets	40 000	46 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	40 000	46 000	0	0
Stock	2 289 000	2 429 000	1 964 000	1 865 000
Total Investments	0	0	0	0
Cash, Bank	4 507 000	3 365 000	3 511 000	2 322 000
Total Current Assets	8 525 000	6 827 000	6 799 000	5 373 000
Total Assets	8 565 000	6 873 000	6 799 000	5 373 000
Total Equity	4 230 000	3 483 000	2 668 000	1 866 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	862 000	1 002 000	1 135 000	1 271 000
Creditors	998 000	899 000	1 247 000	753 000
Unpaid Taxes	669 000	489 000	587 000	420 000
Dividends	1 000 000	500 000	500 000	500 000
Other Current Debt	231 000	132 000	295 000	313 000
Total Current Debt	3 472 000	2 388 000	2 995 000	2 236 000
Total Equity and Debt	8 565 000	6 873 000	6 799 000	5 373 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,23 %	37,75 %	48,8 %	48,61 %
Debt-to-Equity Ratio	0,2	0,29	0,43	0,68
Operating Profit Margin	14,88 %	14,01 %	14,29 %	10,31 %
Current Ratio	2,46	2,86	2,27	2,4
Quick Ratio	7,21	−166,51	6,59	14,48
Equity Ratio	0,49	0,51	0,39	0,35
Gross Profit Margin	36,92 %	37,43 %	39,48 %	39,09 %