HI TECH INDUSTRIES AS

8380 RAMBERG

Finances

Share Ownership

Return on Equity

−0,51 %

Current Ratio

2,96

Debt-to-Equity Ratio

2,24

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 892 000	4 836 000	5 387 000	4 106 000
Net Income	−12 000	82 000	149 000	402 000
Total Assets	8 163 000	8 548 000	9 058 000	9 069 000
Total Equity	2 349 000	2 361 000	2 279 000	2 129 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 892 000	4 836 000	5 387 000	4 106 000
Expenditure	4 679 000	4 575 000	5 018 000	3 534 000
Operating Profit	214 000	261 000	368 000	573 000
Financial Income	6 000	2 000	4 000	4 000
Financial Costs	216 000	158 000	181 000	62 000
Financial Balance	−210 000	−156 000	−177 000	−58 000
Earnings Before Tax	4 000	105 000	191 000	515 000
Tax	16 000	23 000	42 000	113 000
Net Income	−12 000	82 000	149 000	402 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 532 000	6 562 000	6 965 000	7 040 000
Total Current Assets	1 631 000	1 986 000	2 093 000	2 029 000
Total Assets	8 163 000	8 548 000	9 058 000	9 069 000
Total Retained Equity	2 084 000	2 096 000	2 014 000	1 864 000
Total Equity	2 349 000	2 361 000	2 279 000	2 129 000
Total Long-Term Debt	5 263 000	5 591 000	6 159 000	6 493 000
Total Current Debt	551 000	596 000	621 000	446 000
Total Equity and Debt	8 163 000	8 548 000	9 058 000	9 069 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 889 000	4 825 000	5 360 000	4 106 000
Other Income	4 000	11 000	27 000	0
Revenue	4 892 000	4 836 000	5 387 000	4 106 000
Cost of Goods Sold	1 569 000	1 672 000	1 751 000	1 363 000
Salary Costs	1 742 000	1 671 000	1 836 000	1 364 000
Depreciation	558 000	535 000	483 000	172 000
Impairment	0	0	0	0
Expenditure	4 679 000	4 575 000	5 018 000	3 534 000
Operating Profit	214 000	261 000	368 000	573 000
Financial Income	6 000	2 000	4 000	4 000
Financial Costs	216 000	158 000	181 000	62 000
Financial Balance	−210 000	−156 000	−177 000	−58 000
Dividends	0	0	0	0
Net Income	−12 000	82 000	149 000	402 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 363 000	5 709 000	6 055 000	6 401 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 169 000	852 000	910 000	639 000
Total Tangible Assets	6 532 000	6 562 000	6 965 000	7 040 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 532 000	6 562 000	6 965 000	7 040 000
Stock	1 074 000	1 085 000	1 190 000	1 200 000
Total Investments	0	0	0	0
Cash, Bank	272 000	355 000	128 000	302 000
Total Current Assets	1 631 000	1 986 000	2 093 000	2 029 000
Total Assets	8 163 000	8 548 000	9 058 000	9 069 000
Total Equity	2 349 000	2 361 000	2 279 000	2 129 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 263 000	5 591 000	6 159 000	6 493 000
Creditors	87 000	214 000	128 000	71 000
Unpaid Taxes	66 000	65 000	81 000	69 000
Dividends	0	0	0	0
Other Current Debt	302 000	278 000	382 000	261 000
Total Current Debt	551 000	596 000	621 000	446 000
Total Equity and Debt	8 163 000	8 548 000	9 058 000	9 069 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,51 %	3,47 %	6,54 %	18,88 %
Debt-to-Equity Ratio	2,24	2,37	2,7	3,05
Operating Profit Margin	4,37 %	5,4 %	6,83 %	13,96 %
Current Ratio	2,96	3,33	3,37	4,55
Quick Ratio	−3,12	−4,06	−3,68	−2,69
Equity Ratio	0,29	0,28	0,25	0,23
Gross Profit Margin	67,93 %	65,43 %	67,5 %	66,8 %