NETEL AS

0581 OSLO

Finances

Return on Equity

20,88 %

Current Ratio

1,69

Debt-to-Equity Ratio

1,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	800 044 000	739 751 000	595 005 000	470 983 000
Net Income	23 236 000	43 333 000	29 373 000	418 000
Total Assets	393 769 000	402 229 000	317 339 000	329 451 000
Total Equity	111 259 000	88 023 000	44 689 000	15 317 000

Income (NOK)	2022	2021	2020	2019
Revenue	800 044 000	739 751 000	595 005 000	470 983 000
Expenditure	767 473 000	676 804 000	548 778 000	459 203 000
Operating Profit	32 801 000	62 947 000	46 227 000	11 780 000
Financial Income	68 000	4 000	125 000	52 000
Financial Costs	2 961 000	3 256 000	7 106 000	9 078 000
Financial Balance	−2 893 000	−3 252 000	−6 981 000	−9 026 000
Earnings Before Tax	29 908 000	59 695 000	39 247 000	2 755 000
Tax	6 672 000	16 361 000	9 874 000	2 336 000
Net Income	23 236 000	43 333 000	29 373 000	418 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	124 679 000	126 099 000	121 065 000	131 761 000
Total Current Assets	269 089 000	276 130 000	196 274 000	197 690 000
Total Assets	393 769 000	402 229 000	317 339 000	329 451 000
Total Retained Equity	93 319 000	70 082 000	26 749 000	−2 623 000
Total Equity	111 259 000	88 023 000	44 689 000	15 317 000
Total Long-Term Debt	123 296 000	148 669 000	141 185 000	218 885 000
Total Current Debt	159 214 000	165 538 000	131 465 000	95 249 000
Total Equity and Debt	393 769 000	402 229 000	317 339 000	329 451 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	768 670 000	740 539 000	594 982 000	470 725 000
Other Income	31 374 000	−788 000	24 000	258 000
Revenue	800 044 000	739 751 000	595 005 000	470 983 000
Cost of Goods Sold	425 356 000	425 827 000	366 976 000	282 582 000
Salary Costs	243 801 000	181 784 000	128 886 000	119 303 000
Depreciation	9 370 000	6 834 000	6 705 000	9 714 000
Impairment	0	0	0	0
Expenditure	767 473 000	676 804 000	548 778 000	459 203 000
Operating Profit	32 801 000	62 947 000	46 227 000	11 780 000
Financial Income	68 000	4 000	125 000	52 000
Financial Costs	2 961 000	3 256 000	7 106 000	9 078 000
Financial Balance	−2 893 000	−3 252 000	−6 981 000	−9 026 000
Dividends	0	0	0	0
Net Income	23 236 000	43 333 000	29 373 000	418 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	6 392 000	11 097 000	14 652 000	20 258 000
Total Intangible Assets	21 053 000	22 628 000	18 757 000	29 173 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 842 000	3 686 000	2 523 000	2 803 000
Total Tangible Assets	3 842 000	3 686 000	2 523 000	2 803 000
Total Fiancial Fixed Assets	99 785 000	99 785 000	99 785 000	99 785 000
Total Fixed Assets	124 679 000	126 099 000	121 065 000	131 761 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	31 657 000	77 964 000	10 158 000	18 779 000
Total Current Assets	269 089 000	276 130 000	196 274 000	197 690 000
Total Assets	393 769 000	402 229 000	317 339 000	329 451 000
Total Equity	111 259 000	88 023 000	44 689 000	15 317 000
Short-Term Group Debt	2 987 000	2 999 000	0	0
Total Long-Term Debt	123 296 000	148 669 000	141 185 000	218 885 000
Creditors	87 725 000	80 314 000	71 305 000	48 366 000
Unpaid Taxes	34 958 000	35 303 000	25 256 000	18 933 000
Dividends	0	0	0	0
Other Current Debt	26 499 000	36 157 000	29 840 000	26 556 000
Total Current Debt	159 214 000	165 538 000	131 465 000	95 249 000
Total Equity and Debt	393 769 000	402 229 000	317 339 000	329 451 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,88 %	49,23 %	65,73 %	2,73 %
Debt-to-Equity Ratio	1,11	1,69	3,16	14,29
Operating Profit Margin	4,1 %	8,51 %	7,77 %	2,5 %
Current Ratio	1,69	1,67	1,49	2,08
Quick Ratio	1,69	1,67	1,49	2,08
Equity Ratio	0,28	0,22	0,14	0,05
Gross Profit Margin	46,83 %	42,44 %	38,32 %	40 %