EX-TECH SYSTEM AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

26,7 %

Current Ratio

0,36

Debt-to-Equity Ratio

−0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 418 000	20 423 000	20 201 000	21 034 000
Net Income	−3 932 000	−10 596 000	−3 247 000	458 000
Total Assets	13 232 000	10 408 000	17 168 000	12 661 000
Total Equity	−14 724 000	−10 791 000	−195 000	3 053 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 418 000	20 423 000	20 201 000	21 034 000
Expenditure	24 492 000	25 169 000	25 162 000	20 166 000
Operating Profit	−3 539 000	−6 841 000	−3 846 000	867 000
Financial Income	184 000	47 000	91 000	1 000
Financial Costs	578 000	279 000	407 000	275 000
Financial Balance	−394 000	−232 000	−316 000	−274 000
Earnings Before Tax	−3 932 000	−7 073 000	−4 162 000	592 000
Tax	0	3 523 000	−915 000	134 000
Net Income	−3 932 000	−10 596 000	−3 247 000	458 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 736 000	3 646 000	4 970 000	2 660 000
Total Current Assets	9 496 000	6 763 000	12 198 000	10 001 000
Total Assets	13 232 000	10 408 000	17 168 000	12 661 000
Total Retained Equity	−20 074 000	−16 141 000	−5 545 000	−2 297 000
Total Equity	−14 724 000	−10 791 000	−195 000	3 053 000
Total Long-Term Debt	1 778 000	2 000 000	0	0
Total Current Debt	26 178 000	19 200 000	17 363 000	9 608 000
Total Equity and Debt	13 232 000	10 408 000	17 168 000	12 661 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 418 000	19 959 000	19 826 000	20 890 000
Other Income	0	464 000	375 000	143 000
Revenue	21 418 000	20 423 000	20 201 000	21 034 000
Cost of Goods Sold	9 355 000	11 188 000	12 988 000	10 148 000
Salary Costs	8 325 000	8 444 000	7 775 000	6 546 000
Depreciation	202 000	58 000	26 000	16 000
Impairment	0	4 000	0	0
Expenditure	24 492 000	25 169 000	25 162 000	20 166 000
Operating Profit	−3 539 000	−6 841 000	−3 846 000	867 000
Financial Income	184 000	47 000	91 000	1 000
Financial Costs	578 000	279 000	407 000	275 000
Financial Balance	−394 000	−232 000	−316 000	−274 000
Dividends	0	0	0	0
Net Income	−3 932 000	−10 596 000	−3 247 000	458 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 661 000	3 563 000	4 900 000	2 608 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	76 000	83 000	70 000	52 000
Total Tangible Assets	76 000	83 000	70 000	52 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 736 000	3 646 000	4 970 000	2 660 000
Stock	3 318 000	3 782 000	4 730 000	3 570 000
Total Investments	0	0	0	0
Cash, Bank	236 000	114 000	314 000	261 000
Total Current Assets	9 496 000	6 763 000	12 198 000	10 001 000
Total Assets	13 232 000	10 408 000	17 168 000	12 661 000
Total Equity	−14 724 000	−10 791 000	−195 000	3 053 000
Short-Term Group Debt	12 775 000	10 372 000	8 844 000	4 561 000
Total Long-Term Debt	1 778 000	2 000 000	0	0
Creditors	12 008 000	5 787 000	5 432 000	3 943 000
Unpaid Taxes	383 000	493 000	515 000	487 000
Dividends	0	0	0	0
Other Current Debt	1 012 000	2 548 000	2 340 000	616 000
Total Current Debt	26 178 000	19 200 000	17 363 000	9 608 000
Total Equity and Debt	13 232 000	10 408 000	17 168 000	12 661 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,7 %	98,19 %	1 665,13 %	15 %
Debt-to-Equity Ratio	−0,12	−0,19	−0	0
Operating Profit Margin	−16,52 %	−33,5 %	−19,04 %	4,12 %
Current Ratio	0,36	0,35	0,7	1,04
Quick Ratio	0,42	0,44	0,97	1,66
Equity Ratio	−1,11	−1,04	−0,01	0,24
Gross Profit Margin	56,32 %	45,22 %	35,71 %	51,75 %