TI-TECH SVEIS AS

4706 VENNESLA

Finances

Return on Equity

34,26 %

Current Ratio

1,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 067 000	21 961 000	17 196 000	18 235 000
Net Income	977 000	737 000	516 000	476 000
Total Assets	7 083 000	7 323 000	5 705 000	5 300 000
Total Equity	2 852 000	2 769 000	2 337 000	2 121 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 067 000	21 961 000	17 196 000	18 235 000
Expenditure	22 790 000	21 001 000	16 529 000	17 625 000
Operating Profit	1 276 000	960 000	667 000	611 000
Financial Income	26 000	25 000	26 000	27 000
Financial Costs	49 000	40 000	32 000	25 000
Financial Balance	−23 000	−15 000	−6 000	2 000
Earnings Before Tax	1 253 000	945 000	662 000	613 000
Tax	276 000	208 000	146 000	137 000
Net Income	977 000	737 000	516 000	476 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	924 000	632 000	530 000	549 000
Total Current Assets	6 159 000	6 691 000	5 174 000	4 751 000
Total Assets	7 083 000	7 323 000	5 705 000	5 300 000
Total Retained Equity	2 537 000	2 454 000	1 987 000	1 771 000
Total Equity	2 852 000	2 769 000	2 337 000	2 121 000
Total Long-Term Debt	8 000	3 000	0	0
Total Current Debt	4 222 000	4 551 000	3 368 000	3 179 000
Total Equity and Debt	7 083 000	7 323 000	5 705 000	5 300 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 036 000	21 907 000	17 156 000	18 186 000
Other Income	31 000	54 000	40 000	49 000
Revenue	24 067 000	21 961 000	17 196 000	18 235 000
Cost of Goods Sold	9 521 000	7 941 000	5 126 000	5 659 000
Salary Costs	10 428 000	10 493 000	9 029 000	9 878 000
Depreciation	201 000	170 000	135 000	147 000
Impairment	0	0	0	0
Expenditure	22 790 000	21 001 000	16 529 000	17 625 000
Operating Profit	1 276 000	960 000	667 000	611 000
Financial Income	26 000	25 000	26 000	27 000
Financial Costs	49 000	40 000	32 000	25 000
Financial Balance	−23 000	−15 000	−6 000	2 000
Dividends	894 000	5 000	301 000	226 000
Net Income	977 000	737 000	516 000	476 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	18 000	8 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	409 000	403 000	300 000	251 000
Fixtures	515 000	220 000	179 000	233 000
Total Tangible Assets	924 000	622 000	479 000	484 000
Total Fiancial Fixed Assets	0	9 000	33 000	57 000
Total Fixed Assets	924 000	632 000	530 000	549 000
Stock	1 032 000	949 000	881 000	834 000
Total Investments	0	0	0	0
Cash, Bank	592 000	607 000	583 000	529 000
Total Current Assets	6 159 000	6 691 000	5 174 000	4 751 000
Total Assets	7 083 000	7 323 000	5 705 000	5 300 000
Total Equity	2 852 000	2 769 000	2 337 000	2 121 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 000	3 000	0	0
Creditors	756 000	913 000	571 000	507 000
Unpaid Taxes	1 521 000	1 659 000	1 630 000	1 364 000
Dividends	894 000	5 000	301 000	226 000
Other Current Debt	980 000	1 268 000	862 000	920 000
Total Current Debt	4 222 000	4 551 000	3 368 000	3 179 000
Total Equity and Debt	7 083 000	7 323 000	5 705 000	5 300 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,26 %	26,62 %	22,08 %	22,44 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,3 %	4,37 %	3,88 %	3,35 %
Current Ratio	1,46	1,47	1,54	1,49
Quick Ratio	1,93	1,86	2,08	2,03
Equity Ratio	0,4	0,38	0,41	0,4
Gross Profit Margin	60,44 %	63,84 %	70,19 %	68,97 %