ERTEC AS

4900 TVEDESTRAND

Finances

Return on Equity

10,61 %

Current Ratio

3,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	83 654 000	81 975 000	57 937 000	61 906 000
Net Income	3 091 000	4 826 000	3 110 000	1 144 000
Total Assets	40 997 000	42 711 000	32 931 000	29 825 000
Total Equity	29 126 000	28 536 000	23 710 000	20 822 000

Income (NOK)	2022	2021	2020	2019
Revenue	83 654 000	81 975 000	57 937 000	61 906 000
Expenditure	79 513 000	78 279 000	52 648 000	61 010 000
Operating Profit	3 589 000	6 097 000	3 841 000	1 329 000
Financial Income	265 000	57 000	75 000	41 000
Financial Costs	18 000	74 000	46 000	50 000
Financial Balance	247 000	−17 000	29 000	−9 000
Earnings Before Tax	3 836 000	6 079 000	3 870 000	1 319 000
Tax	746 000	1 253 000	760 000	175 000
Net Income	3 091 000	4 826 000	3 110 000	1 144 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 680 000	2 292 000	1 791 000	2 781 000
Total Current Assets	37 318 000	40 418 000	31 140 000	27 044 000
Total Assets	40 997 000	42 711 000	32 931 000	29 825 000
Total Retained Equity	18 528 000	17 937 000	13 111 000	11 012 000
Total Equity	29 126 000	28 536 000	23 710 000	20 822 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	11 871 000	14 175 000	9 221 000	9 003 000
Total Equity and Debt	40 997 000	42 711 000	32 931 000	29 825 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	82 393 000	80 755 000	56 075 000	60 637 000
Other Income	1 261 000	1 219 000	1 862 000	1 269 000
Revenue	83 654 000	81 975 000	57 937 000	61 906 000
Cost of Goods Sold	33 818 000	34 164 000	21 876 000	25 640 000
Salary Costs	32 702 000	31 670 000	22 296 000	25 173 000
Depreciation	598 000	392 000	212 000	178 000
Impairment	0	0	0	0
Expenditure	79 513 000	78 279 000	52 648 000	61 010 000
Operating Profit	3 589 000	6 097 000	3 841 000	1 329 000
Financial Income	265 000	57 000	75 000	41 000
Financial Costs	18 000	74 000	46 000	50 000
Financial Balance	247 000	−17 000	29 000	−9 000
Dividends	2 500 000	0	0	0
Net Income	3 091 000	4 826 000	3 110 000	1 144 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	691 000	900 000	658 000	1 518 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 489 000	871 000	538 000	594 000
Total Tangible Assets	2 489 000	871 000	538 000	594 000
Total Fiancial Fixed Assets	500 000	522 000	595 000	669 000
Total Fixed Assets	3 680 000	2 292 000	1 791 000	2 781 000
Stock	22 827 000	20 154 000	14 782 000	14 863 000
Total Investments	0	0	0	0
Cash, Bank	5 774 000	10 726 000	6 572 000	3 776 000
Total Current Assets	37 318 000	40 418 000	31 140 000	27 044 000
Total Assets	40 997 000	42 711 000	32 931 000	29 825 000
Total Equity	29 126 000	28 536 000	23 710 000	20 822 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 463 000	5 249 000	2 928 000	2 626 000
Unpaid Taxes	2 314 000	2 050 000	1 880 000	1 698 000
Dividends	2 500 000	0	0	0
Other Current Debt	5 371 000	5 620 000	4 413 000	4 679 000
Total Current Debt	11 871 000	14 175 000	9 221 000	9 003 000
Total Equity and Debt	40 997 000	42 711 000	32 931 000	29 825 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,61 %	16,91 %	13,12 %	5,49 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,29 %	7,44 %	6,63 %	2,15 %
Current Ratio	3,14	2,85	3,38	3
Quick Ratio	−3,41	−6,76	−5,6	−4,62
Equity Ratio	0,71	0,67	0,72	0,7
Gross Profit Margin	59,57 %	58,32 %	62,24 %	58,58 %