REFORCETECH AS

3440 RØYKEN

Finances

Return on Equity

−54,93 %

Current Ratio

0,65

Debt-to-Equity Ratio

1,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 265 000	13 470 000	15 003 000	14 856 000
Net Income	−9 077 000	−2 981 000	88 000	553 000
Total Assets	55 839 000	56 161 000	48 406 000	38 642 000
Total Equity	16 526 000	25 603 000	28 584 000	26 896 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 265 000	13 470 000	15 003 000	14 856 000
Expenditure	24 035 000	25 667 000	22 399 000	27 041 000
Operating Profit	−8 702 000	−2 696 000	485 000	852 000
Financial Income	97 000	85 000	21 000	193 000
Financial Costs	472 000	369 000	418 000	492 000
Financial Balance	−375 000	−284 000	−397 000	−299 000
Earnings Before Tax	−9 077 000	−2 981 000	88 000	553 000
Tax	0	0	0	0
Net Income	−9 077 000	−2 981 000	88 000	553 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	48 598 000	42 921 000	35 824 000	31 372 000
Total Current Assets	7 241 000	13 240 000	12 582 000	7 270 000
Total Assets	55 839 000	56 161 000	48 406 000	38 642 000
Total Retained Equity	13 926 000	23 003 000	25 984 000	−90 708 000
Total Equity	16 526 000	25 603 000	28 584 000	26 896 000
Total Long-Term Debt	28 210 000	18 409 000	10 156 000	2 570 000
Total Current Debt	11 102 000	12 148 000	9 666 000	9 177 000
Total Equity and Debt	55 839 000	56 161 000	48 406 000	38 642 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 721 000	12 516 000	12 943 000	14 406 000
Other Income	545 000	954 000	2 060 000	450 000
Revenue	6 265 000	13 470 000	15 003 000	14 856 000
Cost of Goods Sold	3 444 000	5 398 000	4 808 000	5 882 000
Salary Costs	8 439 000	8 192 000	6 768 000	8 945 000
Depreciation	3 538 000	3 398 000	3 070 000	2 550 000
Impairment	0	0	0	0
Expenditure	24 035 000	25 667 000	22 399 000	27 041 000
Operating Profit	−8 702 000	−2 696 000	485 000	852 000
Financial Income	97 000	85 000	21 000	193 000
Financial Costs	472 000	369 000	418 000	492 000
Financial Balance	−375 000	−284 000	−397 000	−299 000
Dividends	0	0	0	0
Net Income	−9 077 000	−2 981 000	88 000	553 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	39 818 000	33 653 000	27 746 000	22 898 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	7 451 000	7 943 000	6 757 000	7 154 000
Fixtures	0	0	1 000	4 000
Total Tangible Assets	7 451 000	7 943 000	6 758 000	7 158 000
Total Fiancial Fixed Assets	1 329 000	1 324 000	1 321 000	1 316 000
Total Fixed Assets	48 598 000	42 921 000	35 824 000	31 372 000
Stock	3 379 000	2 752 000	3 626 000	4 347 000
Total Investments	0	0	0	0
Cash, Bank	872 000	330 000	413 000	593 000
Total Current Assets	7 241 000	13 240 000	12 582 000	7 270 000
Total Assets	55 839 000	56 161 000	48 406 000	38 642 000
Total Equity	16 526 000	25 603 000	28 584 000	26 896 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	28 210 000	18 409 000	10 156 000	2 570 000
Creditors	5 403 000	6 348 000	3 979 000	3 797 000
Unpaid Taxes	529 000	463 000	201 000	492 000
Dividends	0	0	0	0
Other Current Debt	5 170 000	5 338 000	5 487 000	4 888 000
Total Current Debt	11 102 000	12 148 000	9 666 000	9 177 000
Total Equity and Debt	55 839 000	56 161 000	48 406 000	38 642 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−54,93 %	−11,64 %	0,31 %	2,06 %
Debt-to-Equity Ratio	1,71	0,72	0,36	0,1
Operating Profit Margin	−138,9 %	−20,01 %	3,23 %	5,74 %
Current Ratio	0,65	1,09	1,3	0,79
Quick Ratio	0,94	1,41	2,08	1,51
Equity Ratio	0,3	0,46	0,59	0,7
Gross Profit Margin	45,03 %	59,93 %	67,95 %	60,41 %