UTEL AS

4879 GRIMSTAD

Finances

Return on Equity

−27,12 %

Current Ratio

2,3

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 224 000	5 018 000	4 716 000	8 814 000
Net Income	−2 503 000	−1 242 000	−456 000	690 000
Total Assets	14 787 000	5 275 000	6 383 000	8 016 000
Total Equity	9 228 000	3 633 000	4 216 000	4 671 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 224 000	5 018 000	4 716 000	8 814 000
Expenditure	9 343 000	6 624 000	5 602 000	8 196 000
Operating Profit	−3 119 000	−1 607 000	−885 000	618 000
Financial Income	3 000	17 000	62 000	49 000
Financial Costs	91 000	1 000	0	1 000
Financial Balance	−88 000	16 000	62 000	48 000
Earnings Before Tax	−3 207 000	−1 591 000	−823 000	666 000
Tax	−704 000	−349 000	−368 000	−24 000
Net Income	−2 503 000	−1 242 000	−456 000	690 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 763 000	3 554 000	505 000	59 000
Total Current Assets	7 025 000	1 721 000	5 878 000	7 957 000
Total Assets	14 787 000	5 275 000	6 383 000	8 016 000
Total Retained Equity	−468 000	1 942 000	2 559 000	3 014 000
Total Equity	9 228 000	3 633 000	4 216 000	4 671 000
Total Long-Term Debt	2 500 000	0	0	0
Total Current Debt	3 060 000	1 642 000	2 167 000	3 345 000
Total Equity and Debt	14 787 000	5 275 000	6 383 000	8 016 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 224 000	5 018 000	4 716 000	8 814 000
Other Income	0	0	0	0
Revenue	6 224 000	5 018 000	4 716 000	8 814 000
Cost of Goods Sold	84 000	194 000	165 000	690 000
Salary Costs	6 795 000	4 199 000	3 343 000	4 954 000
Depreciation	214 000	72 000	60 000	52 000
Impairment	0	0	0	0
Expenditure	9 343 000	6 624 000	5 602 000	8 196 000
Operating Profit	−3 119 000	−1 607 000	−885 000	618 000
Financial Income	3 000	17 000	62 000	49 000
Financial Costs	91 000	1 000	0	1 000
Financial Balance	−88 000	16 000	62 000	48 000
Dividends	0	0	0	600 000
Net Income	−2 503 000	−1 242 000	−456 000	690 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 343 000	3 172 000	396 000	28 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	419 000	131 000	109 000	31 000
Total Tangible Assets	419 000	131 000	109 000	31 000
Total Fiancial Fixed Assets	0	250 000	0	0
Total Fixed Assets	7 763 000	3 554 000	505 000	59 000
Stock	0	0	60 000	150 000
Total Investments	0	0	0	0
Cash, Bank	6 245 000	611 000	3 857 000	5 011 000
Total Current Assets	7 025 000	1 721 000	5 878 000	7 957 000
Total Assets	14 787 000	5 275 000	6 383 000	8 016 000
Total Equity	9 228 000	3 633 000	4 216 000	4 671 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 500 000	0	0	0
Creditors	125 000	269 000	125 000	49 000
Unpaid Taxes	860 000	579 000	368 000	573 000
Dividends	0	0	0	600 000
Other Current Debt	2 074 000	793 000	1 674 000	2 122 000
Total Current Debt	3 060 000	1 642 000	2 167 000	3 345 000
Total Equity and Debt	14 787 000	5 275 000	6 383 000	8 016 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−27,12 %	−34,19 %	−10,82 %	14,77 %
Debt-to-Equity Ratio	0,27	0	0	0
Operating Profit Margin	−50,11 %	−32,02 %	−18,77 %	7,01 %
Current Ratio	2,3	1,05	2,71	2,38
Quick Ratio	2,3	1,05	2,79	2,49
Equity Ratio	0,62	0,69	0,66	0,58
Gross Profit Margin	98,65 %	96,13 %	96,5 %	92,17 %