TESS NORD AS

6018 ÅLESUND

Finances

Return on Equity

17,14 %

Current Ratio

2,27

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	980 379 000	913 376 000	789 967 000	712 549 000
Net Income	59 488 000	48 340 000	50 215 000	23 630 000
Total Assets	574 916 000	487 014 000	416 826 000	381 813 000
Total Equity	346 976 000	293 437 000	251 164 000	211 147 000

Income (NOK)	2022	2021	2020	2019
Revenue	980 379 000	913 376 000	789 967 000	712 549 000
Expenditure	906 334 000	849 767 000	728 824 000	686 905 000
Operating Profit	74 045 000	63 609 000	61 143 000	25 644 000
Financial Income	2 627 000	2 410 000	4 931 000	2 656 000
Financial Costs	984 000	1 097 000	1 391 000	745 000
Financial Balance	1 643 000	1 313 000	3 540 000	1 911 000
Earnings Before Tax	75 688 000	64 923 000	64 682 000	27 555 000
Tax	16 200 000	16 583 000	14 467 000	3 925 000
Net Income	59 488 000	48 340 000	50 215 000	23 630 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	57 847 000	60 979 000	62 702 000	65 997 000
Total Current Assets	517 069 000	426 036 000	354 124 000	315 816 000
Total Assets	574 916 000	487 014 000	416 826 000	381 813 000
Total Retained Equity	191 780 000	138 241 000	95 968 000	55 951 000
Total Equity	346 976 000	293 437 000	251 164 000	211 147 000
Total Long-Term Debt	0	1 000 000	0	0
Total Current Debt	227 940 000	192 577 000	165 662 000	170 665 000
Total Equity and Debt	574 916 000	487 014 000	416 826 000	381 813 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	976 065 000	906 257 000	780 328 000	709 170 000
Other Income	4 314 000	7 119 000	9 639 000	3 379 000
Revenue	980 379 000	913 376 000	789 967 000	712 549 000
Cost of Goods Sold	615 972 000	567 674 000	495 616 000	462 920 000
Salary Costs	166 999 000	166 372 000	135 046 000	130 195 000
Depreciation	9 100 000	8 982 000	8 145 000	7 990 000
Impairment	0	0	0	0
Expenditure	906 334 000	849 767 000	728 824 000	686 905 000
Operating Profit	74 045 000	63 609 000	61 143 000	25 644 000
Financial Income	2 627 000	2 410 000	4 931 000	2 656 000
Financial Costs	984 000	1 097 000	1 391 000	745 000
Financial Balance	1 643 000	1 313 000	3 540 000	1 911 000
Dividends	5 949 000	7 253 000	4 917 000	2 753 000
Net Income	59 488 000	48 340 000	50 215 000	23 630 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	879 000	5 556 000	10 234 000	14 911 000
Total Intangible Assets	14 739 000	16 754 000	19 452 000	24 177 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 141 000	1 636 000	1 845 000	2 303 000
Fixtures	9 408 000	10 908 000	9 849 000	7 961 000
Total Tangible Assets	11 549 000	12 543 000	11 693 000	10 264 000
Total Fiancial Fixed Assets	31 559 000	31 682 000	31 556 000	31 556 000
Total Fixed Assets	57 847 000	60 979 000	62 702 000	65 997 000
Stock	242 993 000	206 232 000	165 281 000	147 479 000
Total Investments	0	0	0	0
Cash, Bank	526 000	20 346 000	5 197 000	4 852 000
Total Current Assets	517 069 000	426 036 000	354 124 000	315 816 000
Total Assets	574 916 000	487 014 000	416 826 000	381 813 000
Total Equity	346 976 000	293 437 000	251 164 000	211 147 000
Short-Term Group Debt	4 684 000	10 290 000	7 803 000	13 755 000
Total Long-Term Debt	0	1 000 000	0	0
Creditors	82 376 000	62 257 000	61 957 000	55 710 000
Unpaid Taxes	16 650 000	18 272 000	9 390 000	12 396 000
Dividends	5 949 000	7 253 000	4 917 000	2 753 000
Other Current Debt	99 402 000	76 411 000	68 665 000	78 457 000
Total Current Debt	227 940 000	192 577 000	165 662 000	170 665 000
Total Equity and Debt	574 916 000	487 014 000	416 826 000	381 813 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,14 %	16,47 %	19,99 %	11,19 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,55 %	6,96 %	7,74 %	3,6 %
Current Ratio	2,27	2,21	2,14	1,85
Quick Ratio	−34,35	−31,2	929,46	13,62
Equity Ratio	0,6	0,6	0,6	0,55
Gross Profit Margin	37,17 %	37,85 %	37,26 %	35,03 %