STIFTELSEN TELEMARKSFORSKING

3800 BØ I TELEMARK

Finances

Return on Equity

−3,34 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	48 955 000	44 724 000	40 101 000	34 290 000
Net Income	−690 000	3 010 000	1 464 000	1 592 000
Total Assets	53 314 000	50 705 000	44 091 000	39 273 000
Total Equity	20 633 000	21 323 000	18 313 000	16 849 000

Income (NOK)	2022	2021	2020	2019
Revenue	48 955 000	44 724 000	40 101 000	34 290 000
Expenditure	48 710 000	44 500 000	39 616 000	34 090 000
Operating Profit	245 000	224 000	485 000	200 000
Financial Income	201 000	2 866 000	1 142 000	1 517 000
Financial Costs	1 032 000	10 000	18 000	40 000
Financial Balance	−831 000	2 856 000	1 124 000	1 477 000
Earnings Before Tax	−587 000	3 079 000	1 608 000	1 677 000
Tax	103 000	70 000	144 000	86 000
Net Income	−690 000	3 010 000	1 464 000	1 592 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 356 000	6 350 000	6 350 000	6 350 000
Total Current Assets	46 959 000	44 355 000	37 741 000	32 923 000
Total Assets	53 314 000	50 705 000	44 091 000	39 273 000
Total Retained Equity	18 608 000	19 298 000	16 288 000	14 824 000
Total Equity	20 633 000	21 323 000	18 313 000	16 849 000
Total Long-Term Debt	4 012 000	4 088 000	3 622 000	3 035 000
Total Current Debt	28 669 000	25 295 000	22 156 000	19 389 000
Total Equity and Debt	53 314 000	50 705 000	44 091 000	39 273 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	39 226 000	33 582 000
Other Income	48 955 000	44 724 000	875 000	708 000
Revenue	48 955 000	44 724 000	40 101 000	34 290 000
Cost of Goods Sold	0	0	0	0
Salary Costs	34 812 000	33 421 000	31 859 000	27 926 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	48 710 000	44 500 000	39 616 000	34 090 000
Operating Profit	245 000	224 000	485 000	200 000
Financial Income	201 000	2 866 000	1 142 000	1 517 000
Financial Costs	1 032 000	10 000	18 000	40 000
Financial Balance	−831 000	2 856 000	1 124 000	1 477 000
Dividends	0	0	0	0
Net Income	−690 000	3 010 000	1 464 000	1 592 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	6 356 000	6 350 000	6 350 000	6 350 000
Total Fixed Assets	6 356 000	6 350 000	6 350 000	6 350 000
Stock	0	0	0	0
Total Investments	13 304 000	13 132 000	9 169 000	7 017 000
Cash, Bank	25 184 000	21 194 000	18 959 000	18 630 000
Total Current Assets	46 959 000	44 355 000	37 741 000	32 923 000
Total Assets	53 314 000	50 705 000	44 091 000	39 273 000
Total Equity	20 633 000	21 323 000	18 313 000	16 849 000
Short-Term Group Debt	118 000	116 000	0	2 455 000
Total Long-Term Debt	4 012 000	4 088 000	3 622 000	3 035 000
Creditors	1 770 000	2 141 000	1 134 000	257 000
Unpaid Taxes	5 354 000	4 879 000	3 506 000	3 974 000
Dividends	0	0	0	0
Other Current Debt	21 427 000	18 124 000	17 516 000	12 682 000
Total Current Debt	28 669 000	25 295 000	22 156 000	19 389 000
Total Equity and Debt	53 314 000	50 705 000	44 091 000	39 273 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,34 %	14,12 %	7,99 %	9,45 %
Debt-to-Equity Ratio	0,19	0,19	0,2	0,18
Operating Profit Margin	0,5 %	0,5 %	1,21 %	0,58 %
Current Ratio	1,64	1,75	1,7	1,7
Quick Ratio	1,64	1,75	1,7	1,7
Equity Ratio	0,39	0,42	0,42	0,43
Gross Profit Margin	100 %	100 %	100 %	100 %