TECHNET AS

3262 LARVIK

Finances

Share Ownership

Return on Equity

32,62 %

Current Ratio

2,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 591 000	26 639 000	28 464 000	32 467 000
Net Income	3 043 000	516 000	3 620 000	3 342 000
Total Assets	15 149 000	9 856 000	13 619 000	14 212 000
Total Equity	9 330 000	6 287 000	5 771 000	5 661 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 591 000	26 639 000	28 464 000	32 467 000
Expenditure	29 564 000	25 976 000	24 627 000	28 930 000
Operating Profit	3 027 000	662 000	3 837 000	3 537 000
Financial Income	58 000	9 000	18 000	14 000
Financial Costs	4 000	9 000	13 000	17 000
Financial Balance	54 000	0	5 000	−3 000
Earnings Before Tax	3 081 000	662 000	3 842 000	3 534 000
Tax	38 000	147 000	222 000	191 000
Net Income	3 043 000	516 000	3 620 000	3 342 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 996 000	778 000	1 161 000	2 107 000
Total Current Assets	13 153 000	9 079 000	12 459 000	12 105 000
Total Assets	15 149 000	9 856 000	13 619 000	14 212 000
Total Retained Equity	7 680 000	4 637 000	4 121 000	4 011 000
Total Equity	9 330 000	6 287 000	5 771 000	5 661 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 820 000	3 570 000	7 848 000	8 552 000
Total Equity and Debt	15 149 000	9 856 000	13 619 000	14 212 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 591 000	26 639 000	28 464 000	32 467 000
Other Income	0	0	0	0
Revenue	32 591 000	26 639 000	28 464 000	32 467 000
Cost of Goods Sold	11 942 000	7 432 000	7 079 000	8 943 000
Salary Costs	13 092 000	14 011 000	12 658 000	14 839 000
Depreciation	538 000	722 000	1 000 000	1 494 000
Impairment	0	0	0	0
Expenditure	29 564 000	25 976 000	24 627 000	28 930 000
Operating Profit	3 027 000	662 000	3 837 000	3 537 000
Financial Income	58 000	9 000	18 000	14 000
Financial Costs	4 000	9 000	13 000	17 000
Financial Balance	54 000	0	5 000	−3 000
Dividends	0	0	3 510 000	3 510 000
Net Income	3 043 000	516 000	3 620 000	3 342 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	44 000
Total Intangible Assets	156 000	194 000	166 000	158 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 840 000	584 000	994 000	1 950 000
Total Tangible Assets	1 840 000	584 000	994 000	1 950 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 996 000	778 000	1 161 000	2 107 000
Stock	41 000	26 000	9 000	28 000
Total Investments	0	0	0	0
Cash, Bank	4 657 000	6 853 000	7 296 000	7 007 000
Total Current Assets	13 153 000	9 079 000	12 459 000	12 105 000
Total Assets	15 149 000	9 856 000	13 619 000	14 212 000
Total Equity	9 330 000	6 287 000	5 771 000	5 661 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 515 000	549 000	1 347 000	1 012 000
Unpaid Taxes	1 635 000	1 436 000	1 417 000	1 971 000
Dividends	0	0	3 510 000	3 510 000
Other Current Debt	1 670 000	1 411 000	1 575 000	2 058 000
Total Current Debt	5 820 000	3 570 000	7 848 000	8 552 000
Total Equity and Debt	15 149 000	9 856 000	13 619 000	14 212 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,62 %	8,21 %	62,73 %	59,04 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,29 %	2,49 %	13,48 %	10,89 %
Current Ratio	2,26	2,54	1,59	1,42
Quick Ratio	2,28	2,56	1,59	1,42
Equity Ratio	0,62	0,64	0,42	0,4
Gross Profit Margin	63,36 %	72,1 %	75,13 %	72,46 %