NORTELCO AS

1414 TROLLÅSEN

Finances

Share Ownership

Return on Equity

17,77 %

Current Ratio

1,45

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 604 000	25 805 000	31 176 000	28 237 000
Net Income	1 078 000	1 509 000	2 461 000	−96 000
Total Assets	13 101 000	11 740 000	15 773 000	12 170 000
Total Equity	6 067 000	6 736 000	828 000	521 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 604 000	25 805 000	31 176 000	28 237 000
Expenditure	31 195 000	25 773 000	27 577 000	27 849 000
Operating Profit	1 408 000	32 000	3 599 000	387 000
Financial Income	320 000	1 826 000	207 000	106 000
Financial Costs	244 000	349 000	645 000	605 000
Financial Balance	76 000	1 477 000	−438 000	−499 000
Earnings Before Tax	1 484 000	1 509 000	3 161 000	−112 000
Tax	406 000	0	699 000	−16 000
Net Income	1 078 000	1 509 000	2 461 000	−96 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 275 000	3 752 000	3 068 000	3 386 000
Total Current Assets	9 826 000	7 988 000	12 705 000	8 784 000
Total Assets	13 101 000	11 740 000	15 773 000	12 170 000
Total Retained Equity	5 250 000	4 773 000	−1 072 000	−1 379 000
Total Equity	6 067 000	6 736 000	828 000	521 000
Total Long-Term Debt	240 000	240 000	240 000	240 000
Total Current Debt	6 794 000	4 764 000	14 705 000	11 409 000
Total Equity and Debt	13 101 000	11 740 000	15 773 000	12 170 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 604 000	25 805 000	31 176 000	28 237 000
Other Income	0	0	0	0
Revenue	32 604 000	25 805 000	31 176 000	28 237 000
Cost of Goods Sold	17 654 000	12 636 000	16 898 000	14 789 000
Salary Costs	7 942 000	8 650 000	5 644 000	7 182 000
Depreciation	0	32 000	22 000	22 000
Impairment	0	0	0	0
Expenditure	31 195 000	25 773 000	27 577 000	27 849 000
Operating Profit	1 408 000	32 000	3 599 000	387 000
Financial Income	320 000	1 826 000	207 000	106 000
Financial Costs	244 000	349 000	645 000	605 000
Financial Balance	76 000	1 477 000	−438 000	−499 000
Dividends	600 000	0	0	0
Net Income	1 078 000	1 509 000	2 461 000	−96 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 267 000	3 744 000	184 000	276 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	32 000	54 000
Total Tangible Assets	0	0	32 000	54 000
Total Fiancial Fixed Assets	8 000	8 000	2 852 000	3 055 000
Total Fixed Assets	3 275 000	3 752 000	3 068 000	3 386 000
Stock	4 504 000	4 449 000	4 528 000	4 778 000
Total Investments	0	0	0	0
Cash, Bank	779 000	425 000	299 000	336 000
Total Current Assets	9 826 000	7 988 000	12 705 000	8 784 000
Total Assets	13 101 000	11 740 000	15 773 000	12 170 000
Total Equity	6 067 000	6 736 000	828 000	521 000
Short-Term Group Debt	0	819 000	7 024 000	7 312 000
Total Long-Term Debt	240 000	240 000	240 000	240 000
Creditors	1 640 000	1 496 000	3 232 000	1 960 000
Unpaid Taxes	2 004 000	1 344 000	2 056 000	1 317 000
Dividends	600 000	0	0	0
Other Current Debt	3 150 000	1 105 000	2 393 000	819 000
Total Current Debt	6 794 000	4 764 000	14 705 000	11 409 000
Total Equity and Debt	13 101 000	11 740 000	15 773 000	12 170 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,77 %	22,4 %	297,22 %	−18,43 %
Debt-to-Equity Ratio	0,04	0,04	0,29	0,46
Operating Profit Margin	4,32 %	0,12 %	11,54 %	1,37 %
Current Ratio	1,45	1,68	0,86	0,77
Quick Ratio	4,29	25,36	1,25	1,32
Equity Ratio	0,46	0,57	0,05	0,04
Gross Profit Margin	45,85 %	51,03 %	45,8 %	47,63 %