ELTEAM AS

7044 TRONDHEIM

Finances

Share Ownership

Return on Equity

41,75 %

Current Ratio

1,45

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	158 066 000	146 671 000	128 073 000	108 564 000
Net Income	12 256 000	10 790 000	8 569 000	8 847 000
Total Assets	87 749 000	76 083 000	61 355 000	54 547 000
Total Equity	29 354 000	28 408 000	26 979 000	23 089 000

Income (NOK)	2022	2021	2020	2019
Revenue	158 066 000	146 671 000	128 073 000	108 564 000
Expenditure	142 566 000	132 794 000	117 106 000	97 371 000
Operating Profit	15 500 000	13 877 000	10 968 000	11 193 000
Financial Income	400 000	102 000	176 000	319 000
Financial Costs	182 000	141 000	151 000	151 000
Financial Balance	218 000	−39 000	25 000	168 000
Earnings Before Tax	15 718 000	13 839 000	10 993 000	11 361 000
Tax	3 462 000	3 049 000	2 424 000	2 514 000
Net Income	12 256 000	10 790 000	8 569 000	8 847 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 791 000	4 603 000	3 983 000	3 159 000
Total Current Assets	83 958 000	71 480 000	57 373 000	51 388 000
Total Assets	87 749 000	76 083 000	61 355 000	54 547 000
Total Retained Equity	29 090 000	28 144 000	26 715 000	22 825 000
Total Equity	29 354 000	28 408 000	26 979 000	23 089 000
Total Long-Term Debt	500 000	500 000	300 000	300 000
Total Current Debt	57 895 000	47 175 000	34 077 000	31 158 000
Total Equity and Debt	87 749 000	76 083 000	61 355 000	54 547 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	157 898 000	146 577 000	128 053 000	108 471 000
Other Income	168 000	95 000	20 000	93 000
Revenue	158 066 000	146 671 000	128 073 000	108 564 000
Cost of Goods Sold	72 687 000	71 159 000	61 865 000	46 027 000
Salary Costs	62 023 000	54 289 000	49 354 000	43 827 000
Depreciation	1 127 000	1 036 000	1 101 000	943 000
Impairment	0	0	0	0
Expenditure	142 566 000	132 794 000	117 106 000	97 371 000
Operating Profit	15 500 000	13 877 000	10 968 000	11 193 000
Financial Income	400 000	102 000	176 000	319 000
Financial Costs	182 000	141 000	151 000	151 000
Financial Balance	218 000	−39 000	25 000	168 000
Dividends	0	0	0	0
Net Income	12 256 000	10 790 000	8 569 000	8 847 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	242 000	235 000	201 000	351 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 899 000	3 178 000	2 592 000	2 808 000
Total Tangible Assets	2 899 000	3 178 000	2 592 000	2 808 000
Total Fiancial Fixed Assets	650 000	1 190 000	1 190 000	0
Total Fixed Assets	3 791 000	4 603 000	3 983 000	3 159 000
Stock	471 000	529 000	151 000	197 000
Total Investments	0	0	0	0
Cash, Bank	50 577 000	39 268 000	35 900 000	26 990 000
Total Current Assets	83 958 000	71 480 000	57 373 000	51 388 000
Total Assets	87 749 000	76 083 000	61 355 000	54 547 000
Total Equity	29 354 000	28 408 000	26 979 000	23 089 000
Short-Term Group Debt	14 500 000	12 000 000	6 000 000	9 000 000
Total Long-Term Debt	500 000	500 000	300 000	300 000
Creditors	12 332 000	8 208 000	8 228 000	6 752 000
Unpaid Taxes	7 248 000	7 228 000	6 454 000	5 375 000
Dividends	0	0	0	0
Other Current Debt	23 536 000	19 296 000	12 442 000	9 460 000
Total Current Debt	57 895 000	47 175 000	34 077 000	31 158 000
Total Equity and Debt	87 749 000	76 083 000	61 355 000	54 547 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,75 %	37,98 %	31,76 %	38,32 %
Debt-to-Equity Ratio	0,02	0,02	0,01	0,01
Operating Profit Margin	9,81 %	9,46 %	8,56 %	10,31 %
Current Ratio	1,45	1,52	1,68	1,65
Quick Ratio	1,46	1,53	1,69	1,66
Equity Ratio	0,33	0,37	0,44	0,42
Gross Profit Margin	54,01 %	51,48 %	51,7 %	57,6 %