CETEQ ENGINEERING AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

−16,35 %

Current Ratio

1,06

Debt-to-Equity Ratio

0,49

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 638 000	1 802 000	1 674 000	2 040 000
Net Income	−51 000	−141 000	−172 000	−1 017 000
Total Assets	7 410 000	7 103 000	6 827 000	6 422 000
Total Equity	312 000	5 551 000	5 547 000	5 547 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 638 000	1 802 000	1 674 000	2 040 000
Expenditure	1 838 000	2 145 000	2 057 000	3 487 000
Operating Profit	−200 000	−343 000	−383 000	−1 445 000
Financial Income	239 000	225 000	210 000	159 000
Financial Costs	106 000	63 000	48 000	17 000
Financial Balance	133 000	162 000	162 000	142 000
Earnings Before Tax	−66 000	−181 000	−221 000	−1 304 000
Tax	−15 000	−40 000	−48 000	−287 000
Net Income	−51 000	−141 000	−172 000	−1 017 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 000	41 000	63 000	94 000
Total Current Assets	7 390 000	7 061 000	6 765 000	6 328 000
Total Assets	7 410 000	7 103 000	6 827 000	6 422 000
Total Retained Equity	12 000	3 116 000	3 257 000	3 430 000
Total Equity	312 000	5 551 000	5 547 000	5 547 000
Total Long-Term Debt	152 000	0	0	0
Total Current Debt	6 946 000	1 552 000	1 280 000	875 000
Total Equity and Debt	7 410 000	7 103 000	6 827 000	6 422 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 638 000	1 802 000	1 674 000	2 040 000
Other Income	0	0	0	0
Revenue	1 638 000	1 802 000	1 674 000	2 040 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 696 000	1 898 000	1 786 000	2 876 000
Depreciation	20 000	20 000	32 000	32 000
Impairment	0	0	0	0
Expenditure	1 838 000	2 145 000	2 057 000	3 487 000
Operating Profit	−200 000	−343 000	−383 000	−1 445 000
Financial Income	239 000	225 000	210 000	159 000
Financial Costs	106 000	63 000	48 000	17 000
Financial Balance	133 000	162 000	162 000	142 000
Dividends	5 250 000	0	0	0
Net Income	−51 000	−141 000	−172 000	−1 017 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	15 000	17 000	18 000	19 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 000	24 000	44 000	76 000
Total Tangible Assets	4 000	24 000	44 000	76 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	19 000	41 000	63 000	94 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	57 000	60 000	70 000	65 000
Total Current Assets	7 390 000	7 061 000	6 765 000	6 328 000
Total Assets	7 410 000	7 103 000	6 827 000	6 422 000
Total Equity	312 000	5 551 000	5 547 000	5 547 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	152 000	0	0	0
Creditors	14 000	14 000	42 000	0
Unpaid Taxes	204 000	169 000	199 000	176 000
Dividends	5 250 000	0	0	0
Other Current Debt	180 000	203 000	190 000	190 000
Total Current Debt	6 946 000	1 552 000	1 280 000	875 000
Total Equity and Debt	7 410 000	7 103 000	6 827 000	6 422 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,35 %	−2,54 %	−3,1 %	−18,33 %
Debt-to-Equity Ratio	0,49	0	0	0
Operating Profit Margin	−12,21 %	−19,03 %	−22,88 %	−70,83 %
Current Ratio	1,06	4,55	5,29	7,23
Quick Ratio	1,06	4,55	5,29	7,23
Equity Ratio	0,04	0,78	0,81	0,86
Gross Profit Margin	100 %	100 %	100 %	100 %