TTE AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

16,05 %

Current Ratio

3,05

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	512 000	450 000	412 000	488 000
Net Income	286 000	264 000	233 000	211 000
Total Assets	2 027 000	2 109 000	1 778 000	1 728 000
Total Equity	1 782 000	1 845 000	1 582 000	1 348 000

Income (NOK)	2022	2021	2020	2019
Revenue	512 000	450 000	412 000	488 000
Expenditure	145 000	112 000	113 000	218 000
Operating Profit	367 000	338 000	299 000	270 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	367 000	338 000	299 000	271 000
Tax	81 000	74 000	66 000	60 000
Net Income	286 000	264 000	233 000	211 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 422 000	1 409 000	1 407 000	1 421 000
Total Current Assets	606 000	700 000	371 000	307 000
Total Assets	2 027 000	2 109 000	1 778 000	1 728 000
Total Retained Equity	1 682 000	1 745 000	1 482 000	1 248 000
Total Equity	1 782 000	1 845 000	1 582 000	1 348 000
Total Long-Term Debt	46 000	46 000	40 000	34 000
Total Current Debt	199 000	218 000	156 000	346 000
Total Equity and Debt	2 027 000	2 109 000	1 778 000	1 728 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 000	0	0	0
Other Income	494 000	450 000	412 000	488 000
Revenue	512 000	450 000	412 000	488 000
Cost of Goods Sold	18 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	70 000	69 000	67 000	59 000
Impairment	0	0	0	0
Expenditure	145 000	112 000	113 000	218 000
Operating Profit	367 000	338 000	299 000	270 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	286 000	264 000	233 000	211 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 422 000	1 409 000	1 407 000	1 421 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 422 000	1 409 000	1 407 000	1 421 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 422 000	1 409 000	1 407 000	1 421 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	596 000	631 000	300 000	172 000
Total Current Assets	606 000	700 000	371 000	307 000
Total Assets	2 027 000	2 109 000	1 778 000	1 728 000
Total Equity	1 782 000	1 845 000	1 582 000	1 348 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	46 000	46 000	40 000	34 000
Creditors	4 000	0	0	200 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	115 000	149 000	97 000	95 000
Total Current Debt	199 000	218 000	156 000	346 000
Total Equity and Debt	2 027 000	2 109 000	1 778 000	1 728 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,05 %	14,31 %	14,73 %	15,65 %
Debt-to-Equity Ratio	0,03	0,02	0,03	0,03
Operating Profit Margin	71,68 %	75,11 %	72,57 %	55,33 %
Current Ratio	3,05	3,21	2,38	0,89
Quick Ratio	3,05	3,21	2,38	0,89
Equity Ratio	0,88	0,87	0,89	0,78
Gross Profit Margin	96,48 %	100 %	100 %	100 %