ELEKTROVERKSTEDET AS

4848 ARENDAL

Finances

Share Ownership

Return on Equity

75,81 %

Current Ratio

1,24

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 506 000	10 666 000	10 284 000	8 970 000
Net Income	492 000	514 000	152 000	62 000
Total Assets	2 708 000	2 721 000	2 496 000	2 069 000
Total Equity	649 000	958 000	743 000	591 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 506 000	10 666 000	10 284 000	8 970 000
Expenditure	9 873 000	10 004 000	10 081 000	8 889 000
Operating Profit	632 000	663 000	202 000	81 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	3 000	4 000	8 000	9 000
Financial Balance	−2 000	−3 000	−7 000	−9 000
Earnings Before Tax	631 000	659 000	196 000	72 000
Tax	139 000	145 000	43 000	10 000
Net Income	492 000	514 000	152 000	62 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	154 000	147 000	220 000	328 000
Total Current Assets	2 554 000	2 573 000	2 276 000	1 741 000
Total Assets	2 708 000	2 721 000	2 496 000	2 069 000
Total Retained Equity	549 000	858 000	643 000	491 000
Total Equity	649 000	958 000	743 000	591 000
Total Long-Term Debt	0	72 000	118 000	175 000
Total Current Debt	2 059 000	1 692 000	1 635 000	1 303 000
Total Equity and Debt	2 708 000	2 721 000	2 496 000	2 069 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 500 000	10 662 000	10 279 000	8 875 000
Other Income	5 000	4 000	5 000	95 000
Revenue	10 506 000	10 666 000	10 284 000	8 970 000
Cost of Goods Sold	3 046 000	3 114 000	3 143 000	2 473 000
Salary Costs	5 136 000	5 211 000	5 111 000	4 655 000
Depreciation	43 000	33 000	69 000	64 000
Impairment	0	0	0	0
Expenditure	9 873 000	10 004 000	10 081 000	8 889 000
Operating Profit	632 000	663 000	202 000	81 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	3 000	4 000	8 000	9 000
Financial Balance	−2 000	−3 000	−7 000	−9 000
Dividends	800 000	300 000	0	0
Net Income	492 000	514 000	152 000	62 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000	1 000	1 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	148 000	132 000	165 000	234 000
Total Tangible Assets	148 000	132 000	165 000	234 000
Total Fiancial Fixed Assets	4 000	14 000	54 000	94 000
Total Fixed Assets	154 000	147 000	220 000	328 000
Stock	232 000	250 000	197 000	144 000
Total Investments	0	0	0	0
Cash, Bank	1 487 000	1 628 000	1 289 000	893 000
Total Current Assets	2 554 000	2 573 000	2 276 000	1 741 000
Total Assets	2 708 000	2 721 000	2 496 000	2 069 000
Total Equity	649 000	958 000	743 000	591 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	72 000	118 000	175 000
Creditors	360 000	363 000	411 000	316 000
Unpaid Taxes	623 000	629 000	637 000	494 000
Dividends	800 000	300 000	0	0
Other Current Debt	536 000	555 000	533 000	493 000
Total Current Debt	2 059 000	1 692 000	1 635 000	1 303 000
Total Equity and Debt	2 708 000	2 721 000	2 496 000	2 069 000

Financial indicators	2022	2021	2020	2019
Return on Equity	75,81 %	53,65 %	20,46 %	10,49 %
Debt-to-Equity Ratio	0	0,08	0,16	0,3
Operating Profit Margin	6,02 %	6,22 %	1,96 %	0,9 %
Current Ratio	1,24	1,52	1,39	1,34
Quick Ratio	1,4	1,78	1,58	1,5
Equity Ratio	0,24	0,35	0,3	0,29
Gross Profit Margin	71,01 %	70,8 %	69,44 %	72,43 %