TIME ELEKTRO AS

4344 BRYNE

Finances

Return on Equity

49,45 %

Current Ratio

1,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	45 437 000	40 301 000	37 780 000	42 192 000
Net Income	3 354 000	2 491 000	2 049 000	1 494 000
Total Assets	17 801 000	14 617 000	14 051 000	14 342 000
Total Equity	6 783 000	6 129 000	5 638 000	5 228 000

Income (NOK)	2022	2021	2020	2019
Revenue	45 437 000	40 301 000	37 780 000	42 192 000
Expenditure	41 386 000	37 164 000	35 222 000	40 602 000
Operating Profit	4 051 000	3 138 000	2 558 000	1 590 000
Financial Income	246 000	97 000	110 000	343 000
Financial Costs	33 000	48 000	52 000	80 000
Financial Balance	213 000	49 000	58 000	263 000
Earnings Before Tax	4 264 000	3 188 000	2 615 000	1 853 000
Tax	910 000	697 000	566 000	359 000
Net Income	3 354 000	2 491 000	2 049 000	1 494 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 490 000	818 000	495 000	516 000
Total Current Assets	16 311 000	13 799 000	13 556 000	13 826 000
Total Assets	17 801 000	14 617 000	14 051 000	14 342 000
Total Retained Equity	6 057 000	5 403 000	4 912 000	4 503 000
Total Equity	6 783 000	6 129 000	5 638 000	5 228 000
Total Long-Term Debt	0	0	25 000	175 000
Total Current Debt	11 018 000	8 489 000	8 388 000	8 938 000
Total Equity and Debt	17 801 000	14 617 000	14 051 000	14 342 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	45 345 000	40 263 000	37 652 000	41 926 000
Other Income	93 000	39 000	129 000	266 000
Revenue	45 437 000	40 301 000	37 780 000	42 192 000
Cost of Goods Sold	16 301 000	14 336 000	13 097 000	14 251 000
Salary Costs	18 960 000	17 307 000	16 849 000	20 300 000
Depreciation	92 000	54 000	51 000	103 000
Impairment	0	0	0	0
Expenditure	41 386 000	37 164 000	35 222 000	40 602 000
Operating Profit	4 051 000	3 138 000	2 558 000	1 590 000
Financial Income	246 000	97 000	110 000	343 000
Financial Costs	33 000	48 000	52 000	80 000
Financial Balance	213 000	49 000	58 000	263 000
Dividends	2 700 000	2 000 000	1 640 000	1 100 000
Net Income	3 354 000	2 491 000	2 049 000	1 494 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	26 000	30 000	35 000	39 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	268 000	210 000	129 000	149 000
Total Tangible Assets	268 000	210 000	129 000	149 000
Total Fiancial Fixed Assets	1 196 000	578 000	331 000	327 000
Total Fixed Assets	1 490 000	818 000	495 000	516 000
Stock	3 000 000	2 945 000	2 894 000	2 556 000
Total Investments	0	0	0	0
Cash, Bank	5 426 000	1 838 000	3 785 000	1 555 000
Total Current Assets	16 311 000	13 799 000	13 556 000	13 826 000
Total Assets	17 801 000	14 617 000	14 051 000	14 342 000
Total Equity	6 783 000	6 129 000	5 638 000	5 228 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	25 000	175 000
Creditors	2 387 000	611 000	1 637 000	2 072 000
Unpaid Taxes	2 672 000	2 489 000	2 236 000	3 175 000
Dividends	2 700 000	2 000 000	1 640 000	1 100 000
Other Current Debt	2 352 000	2 697 000	2 313 000	2 231 000
Total Current Debt	11 018 000	8 489 000	8 388 000	8 938 000
Total Equity and Debt	17 801 000	14 617 000	14 051 000	14 342 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,45 %	40,64 %	36,34 %	28,58 %
Debt-to-Equity Ratio	0	0	0	0,03
Operating Profit Margin	8,92 %	7,79 %	6,77 %	3,77 %
Current Ratio	1,48	1,63	1,62	1,55
Quick Ratio	2,03	2,49	2,47	2,17
Equity Ratio	0,38	0,42	0,4	0,36
Gross Profit Margin	64,12 %	64,43 %	65,33 %	66,22 %