IRTECH AS

1395 HVALSTAD

Finances

Share Ownership

Return on Equity

10,61 %

Current Ratio

10,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 668 000	2 614 000	6 795 000	29 933 000
Net Income	2 237 000	−1 846 000	226 000	9 718 000
Total Assets	23 324 000	21 790 000	23 316 000	38 567 000
Total Equity	21 084 000	19 787 000	21 633 000	21 532 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 668 000	2 614 000	6 795 000	29 933 000
Expenditure	6 991 000	4 277 000	6 563 000	18 019 000
Operating Profit	1 677 000	−1 663 000	232 000	11 915 000
Financial Income	683 000	102 000	354 000	602 000
Financial Costs	62 000	286 000	173 000	80 000
Financial Balance	621 000	−184 000	181 000	522 000
Earnings Before Tax	2 297 000	−1 846 000	413 000	12 437 000
Tax	60 000	0	187 000	2 719 000
Net Income	2 237 000	−1 846 000	226 000	9 718 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	150 000	57 000	84 000	112 000
Total Current Assets	23 174 000	21 732 000	23 232 000	38 455 000
Total Assets	23 324 000	21 790 000	23 316 000	38 567 000
Total Retained Equity	19 684 000	18 387 000	20 233 000	20 132 000
Total Equity	21 084 000	19 787 000	21 633 000	21 532 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 239 000	2 003 000	1 683 000	17 035 000
Total Equity and Debt	23 324 000	21 790 000	23 316 000	38 567 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 692 000	2 614 000	6 723 000	29 933 000
Other Income	−24 000	0	72 000	0
Revenue	8 668 000	2 614 000	6 795 000	29 933 000
Cost of Goods Sold	3 128 000	977 000	4 023 000	11 337 000
Salary Costs	2 663 000	2 431 000	2 151 000	2 568 000
Depreciation	39 000	27 000	28 000	17 000
Impairment	16 000	0	0	0
Expenditure	6 991 000	4 277 000	6 563 000	18 019 000
Operating Profit	1 677 000	−1 663 000	232 000	11 915 000
Financial Income	683 000	102 000	354 000	602 000
Financial Costs	62 000	286 000	173 000	80 000
Financial Balance	621 000	−184 000	181 000	522 000
Dividends	0	0	0	0
Net Income	2 237 000	−1 846 000	226 000	9 718 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	150 000	57 000	84 000	112 000
Total Tangible Assets	150 000	57 000	84 000	112 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	150 000	57 000	84 000	112 000
Stock	674 000	1 272 000	815 000	1 484 000
Total Investments	0	0	0	0
Cash, Bank	20 374 000	18 872 000	20 307 000	36 510 000
Total Current Assets	23 174 000	21 732 000	23 232 000	38 455 000
Total Assets	23 324 000	21 790 000	23 316 000	38 567 000
Total Equity	21 084 000	19 787 000	21 633 000	21 532 000
Short-Term Group Debt	1 000 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	335 000	248 000	673 000	21 000
Unpaid Taxes	548 000	155 000	156 000	273 000
Dividends	0	0	0	0
Other Current Debt	357 000	1 599 000	701 000	14 034 000
Total Current Debt	2 239 000	2 003 000	1 683 000	17 035 000
Total Equity and Debt	23 324 000	21 790 000	23 316 000	38 567 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,61 %	−9,33 %	1,04 %	45,13 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	19,35 %	−63,62 %	3,41 %	39,81 %
Current Ratio	10,35	10,85	13,8	2,26
Quick Ratio	14,81	29,73	26,76	2,47
Equity Ratio	0,9	0,91	0,93	0,56
Gross Profit Margin	63,91 %	62,62 %	40,79 %	62,13 %