NOVOTEK AS

3255 LARVIK

Finances

Share Ownership

Return on Equity

39,13 %

Current Ratio

1,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 956 000	33 825 000	27 001 000	25 907 000
Net Income	2 286 000	4 336 000	3 372 000	3 835 000
Total Assets	15 776 000	16 775 000	16 803 000	15 399 000
Total Equity	5 842 000	6 056 000	6 020 000	7 648 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 956 000	33 825 000	27 001 000	25 907 000
Expenditure	27 068 000	28 288 000	22 809 000	21 038 000
Operating Profit	2 888 000	5 536 000	4 192 000	4 869 000
Financial Income	43 000	24 000	223 000	88 000
Financial Costs	1 000	2 000	84 000	36 000
Financial Balance	42 000	22 000	139 000	52 000
Earnings Before Tax	2 930 000	5 559 000	4 331 000	4 921 000
Tax	645 000	1 223 000	959 000	1 086 000
Net Income	2 286 000	4 336 000	3 372 000	3 835 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	300 000	440 000	596 000	650 000
Total Current Assets	15 477 000	16 335 000	16 208 000	14 750 000
Total Assets	15 776 000	16 775 000	16 803 000	15 399 000
Total Retained Equity	5 642 000	5 856 000	5 820 000	7 448 000
Total Equity	5 842 000	6 056 000	6 020 000	7 648 000
Total Long-Term Debt	0	0	16 000	53 000
Total Current Debt	9 935 000	10 719 000	10 767 000	7 698 000
Total Equity and Debt	15 776 000	16 775 000	16 803 000	15 399 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 956 000	33 825 000	27 001 000	24 025 000
Other Income	0	0	0	1 882 000
Revenue	29 956 000	33 825 000	27 001 000	25 907 000
Cost of Goods Sold	10 150 000	11 894 000	10 115 000	7 735 000
Salary Costs	14 067 000	13 883 000	10 381 000	10 454 000
Depreciation	59 000	56 000	23 000	33 000
Impairment	0	0	0	0
Expenditure	27 068 000	28 288 000	22 809 000	21 038 000
Operating Profit	2 888 000	5 536 000	4 192 000	4 869 000
Financial Income	43 000	24 000	223 000	88 000
Financial Costs	1 000	2 000	84 000	36 000
Financial Balance	42 000	22 000	139 000	52 000
Dividends	2 500 000	4 300 000	5 000 000	0
Net Income	2 286 000	4 336 000	3 372 000	3 835 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	35 000	8 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	59 000	115 000	61 000
Total Tangible Assets	0	59 000	115 000	61 000
Total Fiancial Fixed Assets	265 000	373 000	481 000	589 000
Total Fixed Assets	300 000	440 000	596 000	650 000
Stock	61 000	62 000	84 000	84 000
Total Investments	0	0	0	0
Cash, Bank	5 084 000	11 659 000	11 181 000	7 130 000
Total Current Assets	15 477 000	16 335 000	16 208 000	14 750 000
Total Assets	15 776 000	16 775 000	16 803 000	15 399 000
Total Equity	5 842 000	6 056 000	6 020 000	7 648 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	16 000	53 000
Creditors	1 799 000	686 000	1 761 000	1 074 000
Unpaid Taxes	2 882 000	2 271 000	1 882 000	2 510 000
Dividends	2 500 000	4 300 000	5 000 000	0
Other Current Debt	2 082 000	2 215 000	1 128 000	3 158 000
Total Current Debt	9 935 000	10 719 000	10 767 000	7 698 000
Total Equity and Debt	15 776 000	16 775 000	16 803 000	15 399 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,13 %	71,6 %	56,01 %	50,14 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	9,64 %	16,37 %	15,53 %	18,79 %
Current Ratio	1,56	1,52	1,51	1,92
Quick Ratio	1,57	1,53	1,52	1,94
Equity Ratio	0,37	0,36	0,36	0,5
Gross Profit Margin	66,12 %	64,84 %	62,54 %	70,14 %