MOVITEC AS

3120 NØTTERØY

Finances

Share Ownership

Return on Equity

46,61 %

Current Ratio

11,99

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 221 000	503 000	673 000	291 000
Net Income	707 000	162 000	133 000	67 000
Total Assets	1 655 000	896 000	759 000	568 000
Total Equity	1 517 000	811 000	648 000	515 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 221 000	503 000	673 000	291 000
Expenditure	1 513 000	339 000	540 000	225 000
Operating Profit	709 000	164 000	133 000	66 000
Financial Income	1 000	1 000	0	0
Financial Costs	3 000	2 000	0	0
Financial Balance	−2 000	−1 000	0	0
Earnings Before Tax	707 000	162 000	133 000	67 000
Tax	0	0	0	0
Net Income	707 000	162 000	133 000	67 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 655 000	896 000	759 000	568 000
Total Assets	1 655 000	896 000	759 000	568 000
Total Retained Equity	1 445 000	738 000	576 000	442 000
Total Equity	1 517 000	811 000	648 000	515 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	138 000	85 000	111 000	53 000
Total Equity and Debt	1 655 000	896 000	759 000	568 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 221 000	503 000	673 000	291 000
Other Income	0	0	0	0
Revenue	2 221 000	503 000	673 000	291 000
Cost of Goods Sold	1 222 000	280 000	385 000	180 000
Salary Costs	194 000	2 000	64 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 513 000	339 000	540 000	225 000
Operating Profit	709 000	164 000	133 000	66 000
Financial Income	1 000	1 000	0	0
Financial Costs	3 000	2 000	0	0
Financial Balance	−2 000	−1 000	0	0
Dividends	0	0	0	0
Net Income	707 000	162 000	133 000	67 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	1 000	1 000	1 000	1 000
Total Investments	0	0	0	0
Cash, Bank	1 594 000	812 000	650 000	525 000
Total Current Assets	1 655 000	896 000	759 000	568 000
Total Assets	1 655 000	896 000	759 000	568 000
Total Equity	1 517 000	811 000	648 000	515 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 000	18 000	25 000	1 000
Unpaid Taxes	71 000	9 000	27 000	1 000
Dividends	0	0	0	0
Other Current Debt	62 000	59 000	59 000	52 000
Total Current Debt	138 000	85 000	111 000	53 000
Total Equity and Debt	1 655 000	896 000	759 000	568 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,61 %	19,98 %	20,52 %	13,01 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	31,92 %	32,6 %	19,76 %	22,68 %
Current Ratio	11,99	10,54	6,84	10,72
Quick Ratio	12,08	10,67	6,9	10,92
Equity Ratio	0,92	0,91	0,85	0,91
Gross Profit Margin	44,98 %	44,33 %	42,79 %	38,14 %