ZENIT ENGINEERING AS

5450 SUNDE I SUNNHORDLAND

Finances

Return on Equity

106,17 %

Current Ratio

0,9

Debt-to-Equity Ratio

0,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 101 000	14 642 000	11 082 000	12 358 000
Net Income	2 184 000	1 441 000	−247 000	630 000
Total Assets	10 780 000	8 386 000	6 008 000	7 437 000
Total Equity	2 057 000	2 374 000	2 133 000	2 380 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 101 000	14 642 000	11 082 000	12 358 000
Expenditure	17 284 000	12 777 000	11 364 000	11 497 000
Operating Profit	2 817 000	1 864 000	−282 000	860 000
Financial Income	30 000	28 000	23 000	14 000
Financial Costs	45 000	45 000	58 000	66 000
Financial Balance	−15 000	−17 000	−35 000	−52 000
Earnings Before Tax	2 802 000	1 847 000	−316 000	807 000
Tax	618 000	406 000	−70 000	178 000
Net Income	2 184 000	1 441 000	−247 000	630 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 236 000	2 244 000	2 230 000	2 421 000
Total Current Assets	6 545 000	6 143 000	3 778 000	5 016 000
Total Assets	10 780 000	8 386 000	6 008 000	7 437 000
Total Retained Equity	1 757 000	2 074 000	1 833 000	2 080 000
Total Equity	2 057 000	2 374 000	2 133 000	2 380 000
Total Long-Term Debt	1 458 000	1 168 000	1 313 000	1 463 000
Total Current Debt	7 265 000	4 843 000	2 562 000	3 594 000
Total Equity and Debt	10 780 000	8 386 000	6 008 000	7 437 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 621 000	14 642 000	11 007 000	12 338 000
Other Income	2 480 000	0	75 000	20 000
Revenue	20 101 000	14 642 000	11 082 000	12 358 000
Cost of Goods Sold	62 000	215 000	103 000	68 000
Salary Costs	14 842 000	10 581 000	9 770 000	9 926 000
Depreciation	341 000	278 000	260 000	229 000
Impairment	0	0	0	0
Expenditure	17 284 000	12 777 000	11 364 000	11 497 000
Operating Profit	2 817 000	1 864 000	−282 000	860 000
Financial Income	30 000	28 000	23 000	14 000
Financial Costs	45 000	45 000	58 000	66 000
Financial Balance	−15 000	−17 000	−35 000	−52 000
Dividends	2 500 000	1 200 000	0	630 000
Net Income	2 184 000	1 441 000	−247 000	630 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	183 000	220 000	151 000
Real Eastate	0	1 723 000	1 916 000	2 109 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	236 000	338 000	94 000	161 000
Total Tangible Assets	236 000	2 061 000	2 010 000	2 270 000
Total Fiancial Fixed Assets	4 000 000	0	0	0
Total Fixed Assets	4 236 000	2 244 000	2 230 000	2 421 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 254 000	2 689 000	1 440 000	2 059 000
Total Current Assets	6 545 000	6 143 000	3 778 000	5 016 000
Total Assets	10 780 000	8 386 000	6 008 000	7 437 000
Total Equity	2 057 000	2 374 000	2 133 000	2 380 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 458 000	1 168 000	1 313 000	1 463 000
Creditors	768 000	604 000	418 000	292 000
Unpaid Taxes	1 959 000	1 437 000	1 081 000	1 400 000
Dividends	2 500 000	1 200 000	0	630 000
Other Current Debt	1 792 000	1 234 000	1 063 000	1 085 000
Total Current Debt	7 265 000	4 843 000	2 562 000	3 594 000
Total Equity and Debt	10 780 000	8 386 000	6 008 000	7 437 000

Financial indicators	2022	2021	2020	2019
Return on Equity	106,17 %	60,7 %	−11,58 %	26,47 %
Debt-to-Equity Ratio	0,71	0,49	0,62	0,61
Operating Profit Margin	14,01 %	12,73 %	−2,54 %	6,96 %
Current Ratio	0,9	1,27	1,47	1,4
Quick Ratio	0,9	1,27	1,47	1,4
Equity Ratio	0,19	0,28	0,36	0,32
Gross Profit Margin	99,69 %	98,53 %	99,07 %	99,45 %