NORTECH AS

3330 SKOTSELV

Finances

Share Ownership

Return on Equity

11,77 %

Current Ratio

1,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	111 329 000	86 309 000	91 351 000	99 897 000
Net Income	1 956 000	−1 370 000	2 827 000	4 177 000
Total Assets	37 466 000	35 540 000	30 519 000	30 329 000
Total Equity	16 623 000	14 490 000	15 860 000	13 506 000

Income (NOK)	2022	2021	2020	2019
Revenue	111 329 000	86 309 000	91 351 000	99 897 000
Expenditure	108 744 000	87 980 000	87 679 000	94 469 000
Operating Profit	2 585 000	−1 671 000	3 672 000	5 428 000
Financial Income	3 000	11 000	9 000	10 000
Financial Costs	79 000	95 000	55 000	84 000
Financial Balance	−76 000	−84 000	−46 000	−74 000
Earnings Before Tax	2 508 000	−1 755 000	3 625 000	5 355 000
Tax	552 000	−386 000	799 000	1 178 000
Net Income	1 956 000	−1 370 000	2 827 000	4 177 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 843 000	2 854 000	1 036 000	832 000
Total Current Assets	35 623 000	32 686 000	29 483 000	29 496 000
Total Assets	37 466 000	35 540 000	30 519 000	30 329 000
Total Retained Equity	6 474 000	4 518 000	5 888 000	3 534 000
Total Equity	16 623 000	14 490 000	15 860 000	13 506 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	20 843 000	21 050 000	14 659 000	16 823 000
Total Equity and Debt	37 466 000	35 540 000	30 519 000	30 329 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	107 621 000	82 007 000	91 006 000	97 087 000
Other Income	3 708 000	4 302 000	346 000	2 810 000
Revenue	111 329 000	86 309 000	91 351 000	99 897 000
Cost of Goods Sold	62 120 000	42 549 000	42 338 000	50 272 000
Salary Costs	28 844 000	26 909 000	30 290 000	28 164 000
Depreciation	455 000	346 000	234 000	298 000
Impairment	0	0	0	0
Expenditure	108 744 000	87 980 000	87 679 000	94 469 000
Operating Profit	2 585 000	−1 671 000	3 672 000	5 428 000
Financial Income	3 000	11 000	9 000	10 000
Financial Costs	79 000	95 000	55 000	84 000
Financial Balance	−76 000	−84 000	−46 000	−74 000
Dividends	0	0	0	3 000 000
Net Income	1 956 000	−1 370 000	2 827 000	4 177 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	154 000	756 000	99 000	118 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 689 000	2 098 000	937 000	715 000
Total Tangible Assets	1 689 000	2 098 000	937 000	715 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 843 000	2 854 000	1 036 000	832 000
Stock	8 986 000	14 495 000	16 359 000	14 124 000
Total Investments	0	0	0	0
Cash, Bank	9 272 000	2 047 000	4 940 000	1 311 000
Total Current Assets	35 623 000	32 686 000	29 483 000	29 496 000
Total Assets	37 466 000	35 540 000	30 519 000	30 329 000
Total Equity	16 623 000	14 490 000	15 860 000	13 506 000
Short-Term Group Debt	3 163 000	4 583 000	3 663 000	0
Total Long-Term Debt	0	0	0	0
Creditors	11 657 000	9 483 000	3 550 000	3 465 000
Unpaid Taxes	2 866 000	3 341 000	3 479 000	4 103 000
Dividends	0	0	0	3 000 000
Other Current Debt	3 158 000	3 371 000	3 321 000	6 301 000
Total Current Debt	20 843 000	21 050 000	14 659 000	16 823 000
Total Equity and Debt	37 466 000	35 540 000	30 519 000	30 329 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,77 %	−9,45 %	17,82 %	30,93 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,32 %	−1,94 %	4,02 %	5,43 %
Current Ratio	1,71	1,55	2,01	1,75
Quick Ratio	3	4,99	−17,34	10,93
Equity Ratio	0,44	0,41	0,52	0,45
Gross Profit Margin	44,2 %	50,7 %	53,65 %	49,68 %