GOODTECH AS

0663 OSLO

Finances

Return on Equity

33,18 %

Current Ratio

1,15

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	452 522 000	375 002 000	351 771 000	333 345 000
Net Income	16 098 000	14 827 000	14 875 000	12 176 000
Total Assets	198 130 000	143 952 000	139 578 000	127 363 000
Total Equity	48 519 000	31 256 000	34 035 000	31 288 000

Income (NOK)	2022	2021	2020	2019
Revenue	452 522 000	375 002 000	351 771 000	333 345 000
Expenditure	434 883 000	365 617 000	333 655 000	317 750 000
Operating Profit	17 639 000	9 385 000	18 116 000	15 595 000
Financial Income	6 556 000	4 687 000	7 635 000	2 450 000
Financial Costs	3 457 000	5 474 000	6 734 000	2 399 000
Financial Balance	3 099 000	−787 000	901 000	51 000
Earnings Before Tax	20 739 000	8 598 000	19 016 000	15 646 000
Tax	4 641 000	−6 229 000	4 142 000	3 470 000
Net Income	16 098 000	14 827 000	14 875 000	12 176 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	28 681 000	16 839 000	4 208 000	6 866 000
Total Current Assets	169 449 000	127 113 000	135 370 000	120 498 000
Total Assets	198 130 000	143 952 000	139 578 000	127 363 000
Total Retained Equity	15 759 000	0	21 580 000	18 834 000
Total Equity	48 519 000	31 256 000	34 035 000	31 288 000
Total Long-Term Debt	1 651 000	1 952 000	4 097 000	3 238 000
Total Current Debt	147 960 000	110 745 000	101 445 000	92 837 000
Total Equity and Debt	198 130 000	143 952 000	139 578 000	127 363 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	452 424 000	374 878 000	351 258 000	333 345 000
Other Income	99 000	125 000	513 000	0
Revenue	452 522 000	375 002 000	351 771 000	333 345 000
Cost of Goods Sold	117 002 000	103 583 000	112 758 000	91 935 000
Salary Costs	247 643 000	204 434 000	172 210 000	180 538 000
Depreciation	3 652 000	2 528 000	3 404 000	4 033 000
Impairment	0	0	0	0
Expenditure	434 883 000	365 617 000	333 655 000	317 750 000
Operating Profit	17 639 000	9 385 000	18 116 000	15 595 000
Financial Income	6 556 000	4 687 000	7 635 000	2 450 000
Financial Costs	3 457 000	5 474 000	6 734 000	2 399 000
Financial Balance	3 099 000	−787 000	901 000	51 000
Dividends	0	0	0	0
Net Income	16 098 000	14 827 000	14 875 000	12 176 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	150 000	508 000	866 000
Total Intangible Assets	10 031 000	7 788 000	570 000	2 503 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	8 289 000	0	0	0
Fixtures	10 361 000	9 051 000	3 638 000	4 362 000
Total Tangible Assets	18 650 000	9 051 000	3 638 000	4 362 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	28 681 000	16 839 000	4 208 000	6 866 000
Stock	2 448 000	987 000	604 000	709 000
Total Investments	0	0	0	0
Cash, Bank	10 248 000	8 590 000	7 812 000	7 202 000
Total Current Assets	169 449 000	127 113 000	135 370 000	120 498 000
Total Assets	198 130 000	143 952 000	139 578 000	127 363 000
Total Equity	48 519 000	31 256 000	34 035 000	31 288 000
Short-Term Group Debt	26 614 000	11 490 000	16 605 000	29 725 000
Total Long-Term Debt	1 651 000	1 952 000	4 097 000	3 238 000
Creditors	29 335 000	16 653 000	15 206 000	6 496 000
Unpaid Taxes	29 444 000	25 320 000	23 022 000	20 896 000
Dividends	0	0	0	0
Other Current Debt	62 567 000	57 282 000	46 613 000	35 721 000
Total Current Debt	147 960 000	110 745 000	101 445 000	92 837 000
Total Equity and Debt	198 130 000	143 952 000	139 578 000	127 363 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,18 %	47,44 %	43,71 %	38,92 %
Debt-to-Equity Ratio	0,03	0,06	0,12	0,1
Operating Profit Margin	3,9 %	2,5 %	5,15 %	4,68 %
Current Ratio	1,15	1,15	1,33	1,3
Quick Ratio	1,16	1,16	1,34	1,31
Equity Ratio	0,24	0,22	0,24	0,25
Gross Profit Margin	74,14 %	72,38 %	67,95 %	72,42 %