FORM-TEK AS

3475 SÆTRE

Finances

Share Ownership

Return on Equity

9,05 %

Current Ratio

4,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 806 000	12 494 000	10 571 000	11 220 000
Net Income	679 000	196 000	952 000	295 000
Total Assets	9 261 000	10 101 000	10 059 000	8 955 000
Total Equity	7 503 000	6 824 000	6 628 000	5 976 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 806 000	12 494 000	10 571 000	11 220 000
Expenditure	11 939 000	12 257 000	9 377 000	10 878 000
Operating Profit	867 000	236 000	1 195 000	342 000
Financial Income	30 000	44 000	32 000	44 000
Financial Costs	12 000	22 000	8 000	15 000
Financial Balance	18 000	22 000	24 000	29 000
Earnings Before Tax	884 000	259 000	1 219 000	371 000
Tax	205 000	62 000	266 000	76 000
Net Income	679 000	196 000	952 000	295 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 145 000	1 365 000	998 000	1 292 000
Total Current Assets	8 115 000	8 736 000	9 061 000	7 662 000
Total Assets	9 261 000	10 101 000	10 059 000	8 955 000
Total Retained Equity	5 494 000	4 815 000	4 619 000	3 966 000
Total Equity	7 503 000	6 824 000	6 628 000	5 976 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 757 000	3 277 000	3 431 000	2 979 000
Total Equity and Debt	9 261 000	10 101 000	10 059 000	8 955 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 806 000	12 487 000	10 458 000	11 220 000
Other Income	0	7 000	113 000	0
Revenue	12 806 000	12 494 000	10 571 000	11 220 000
Cost of Goods Sold	4 305 000	4 892 000	3 378 000	3 605 000
Salary Costs	3 907 000	3 909 000	3 356 000	4 287 000
Depreciation	284 000	269 000	286 000	309 000
Impairment	0	0	0	0
Expenditure	11 939 000	12 257 000	9 377 000	10 878 000
Operating Profit	867 000	236 000	1 195 000	342 000
Financial Income	30 000	44 000	32 000	44 000
Financial Costs	12 000	22 000	8 000	15 000
Financial Balance	18 000	22 000	24 000	29 000
Dividends	0	0	300 000	0
Net Income	679 000	196 000	952 000	295 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	24 000	28 000	46 000	42 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 087 000	1 291 000	894 000	1 180 000
Fixtures	35 000	47 000	59 000	71 000
Total Tangible Assets	1 122 000	1 337 000	952 000	1 250 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 145 000	1 365 000	998 000	1 292 000
Stock	976 000	1 094 000	1 331 000	1 692 000
Total Investments	0	0	0	0
Cash, Bank	4 829 000	4 662 000	6 797 000	3 877 000
Total Current Assets	8 115 000	8 736 000	9 061 000	7 662 000
Total Assets	9 261 000	10 101 000	10 059 000	8 955 000
Total Equity	7 503 000	6 824 000	6 628 000	5 976 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	457 000	336 000	280 000	682 000
Unpaid Taxes	726 000	908 000	695 000	588 000
Dividends	0	0	300 000	0
Other Current Debt	373 000	1 988 000	1 887 000	1 640 000
Total Current Debt	1 757 000	3 277 000	3 431 000	2 979 000
Total Equity and Debt	9 261 000	10 101 000	10 059 000	8 955 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,05 %	2,87 %	14,36 %	4,94 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,77 %	1,89 %	11,3 %	3,05 %
Current Ratio	4,62	2,67	2,64	2,57
Quick Ratio	10,39	4	4,31	5,95
Equity Ratio	0,81	0,68	0,66	0,67
Gross Profit Margin	66,38 %	60,85 %	68,04 %	67,87 %