FINN TEK AS

3045 DRAMMEN

Finances

Share Ownership

Return on Equity

6,57 %

Current Ratio

2,27

Debt-to-Equity Ratio

0,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 236 000	13 073 000	13 391 000	11 917 000
Net Income	196 000	97 000	530 000	−110 000
Total Assets	7 380 000	7 278 000	7 200 000	6 934 000
Total Equity	2 985 000	2 789 000	2 792 000	2 262 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 236 000	13 073 000	13 391 000	11 917 000
Expenditure	12 840 000	12 868 000	12 564 000	11 883 000
Operating Profit	396 000	206 000	829 000	34 000
Financial Income	15 000	17 000	9 000	2 000
Financial Costs	160 000	100 000	158 000	178 000
Financial Balance	−145 000	−83 000	−149 000	−176 000
Earnings Before Tax	251 000	124 000	680 000	−141 000
Tax	55 000	27 000	150 000	−31 000
Net Income	196 000	97 000	530 000	−110 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	168 000	233 000	270 000	398 000
Total Current Assets	7 212 000	7 045 000	6 930 000	6 537 000
Total Assets	7 380 000	7 278 000	7 200 000	6 934 000
Total Retained Equity	2 885 000	2 689 000	2 692 000	2 162 000
Total Equity	2 985 000	2 789 000	2 792 000	2 262 000
Total Long-Term Debt	1 215 000	534 000	862 000	1 224 000
Total Current Debt	3 181 000	3 955 000	3 546 000	3 449 000
Total Equity and Debt	7 380 000	7 278 000	7 200 000	6 934 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 236 000	13 073 000	13 391 000	11 917 000
Other Income	0	0	0	0
Revenue	13 236 000	13 073 000	13 391 000	11 917 000
Cost of Goods Sold	7 155 000	7 214 000	7 697 000	6 466 000
Salary Costs	3 249 000	3 437 000	2 835 000	3 420 000
Depreciation	10 000	10 000	2 000	0
Impairment	0	0	0	0
Expenditure	12 840 000	12 868 000	12 564 000	11 883 000
Operating Profit	396 000	206 000	829 000	34 000
Financial Income	15 000	17 000	9 000	2 000
Financial Costs	160 000	100 000	158 000	178 000
Financial Balance	−145 000	−83 000	−149 000	−176 000
Dividends	0	0	0	0
Net Income	196 000	97 000	530 000	−110 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	159 000	215 000	242 000	392 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	8 000	18 000	28 000	0
Fixtures	0	0	0	0
Total Tangible Assets	8 000	18 000	28 000	0
Total Fiancial Fixed Assets	0	0	0	6 000
Total Fixed Assets	168 000	233 000	270 000	398 000
Stock	5 073 000	5 093 000	4 723 000	5 060 000
Total Investments	0	0	0	0
Cash, Bank	688 000	68 000	211 000	219 000
Total Current Assets	7 212 000	7 045 000	6 930 000	6 537 000
Total Assets	7 380 000	7 278 000	7 200 000	6 934 000
Total Equity	2 985 000	2 789 000	2 792 000	2 262 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 215 000	534 000	862 000	1 224 000
Creditors	1 143 000	1 783 000	1 345 000	1 530 000
Unpaid Taxes	531 000	469 000	461 000	400 000
Dividends	0	0	0	0
Other Current Debt	1 507 000	1 703 000	1 741 000	1 519 000
Total Current Debt	3 181 000	3 955 000	3 546 000	3 449 000
Total Equity and Debt	7 380 000	7 278 000	7 200 000	6 934 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,57 %	3,48 %	18,98 %	−4,86 %
Debt-to-Equity Ratio	0,41	0,19	0,31	0,54
Operating Profit Margin	2,99 %	1,58 %	6,19 %	0,29 %
Current Ratio	2,27	1,78	1,95	1,9
Quick Ratio	−3,81	−6,19	−5,89	−4,06
Equity Ratio	0,4	0,38	0,39	0,33
Gross Profit Margin	45,94 %	44,82 %	42,52 %	45,74 %