HITEC PRODUCTS AS

4050 SOLA

Finances

Return on Equity

4,61 %

Current Ratio

2,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	285 319 000	322 072 000	369 218 000	493 075 000
Net Income	4 874 000	618 000	32 924 000	32 991 000
Total Assets	183 270 000	168 884 000	217 781 000	199 147 000
Total Equity	105 777 000	115 584 000	114 966 000	93 188 000

Income (NOK)	2022	2021	2020	2019
Revenue	285 319 000	322 072 000	369 218 000	493 075 000
Expenditure	280 712 000	319 564 000	325 550 000	449 641 000
Operating Profit	4 607 000	2 508 000	43 668 000	43 433 000
Financial Income	7 950 000	7 400 000	14 390 000	2 932 000
Financial Costs	6 469 000	8 855 000	15 914 000	4 060 000
Financial Balance	1 481 000	−1 455 000	−1 524 000	−1 128 000
Earnings Before Tax	6 088 000	1 054 000	42 144 000	42 304 000
Tax	1 214 000	436 000	9 220 000	9 314 000
Net Income	4 874 000	618 000	32 924 000	32 991 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 249 000	13 390 000	12 627 000	13 060 000
Total Current Assets	167 021 000	155 494 000	205 154 000	186 087 000
Total Assets	183 270 000	168 884 000	217 781 000	199 147 000
Total Retained Equity	93 232 000	103 039 000	102 420 000	80 642 000
Total Equity	105 777 000	115 584 000	114 966 000	93 188 000
Total Long-Term Debt	262 000	3 415 000	4 086 000	2 441 000
Total Current Debt	77 231 000	49 885 000	98 729 000	103 519 000
Total Equity and Debt	183 270 000	168 884 000	217 781 000	199 147 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	276 752 000	315 721 000	363 132 000	487 621 000
Other Income	8 567 000	6 352 000	6 085 000	5 454 000
Revenue	285 319 000	322 072 000	369 218 000	493 075 000
Cost of Goods Sold	141 428 000	181 241 000	198 358 000	315 058 000
Salary Costs	102 821 000	108 443 000	99 965 000	105 301 000
Depreciation	1 754 000	1 269 000	995 000	945 000
Impairment	0	0	0	0
Expenditure	280 712 000	319 564 000	325 550 000	449 641 000
Operating Profit	4 607 000	2 508 000	43 668 000	43 433 000
Financial Income	7 950 000	7 400 000	14 390 000	2 932 000
Financial Costs	6 469 000	8 855 000	15 914 000	4 060 000
Financial Balance	1 481 000	−1 455 000	−1 524 000	−1 128 000
Dividends	6 000 000	0	0	0
Net Income	4 874 000	618 000	32 924 000	32 991 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	826 000	1 245 000	1 339 000	325 000
Real Eastate	3 214 000	3 534 000	3 854 000	4 174 000
Machinery and Plant Facilities	1 877 000	1 964 000	315 000	348 000
Fixtures	4 350 000	641 000	741 000	734 000
Total Tangible Assets	9 440 000	6 138 000	4 909 000	5 256 000
Total Fiancial Fixed Assets	5 983 000	6 007 000	6 379 000	7 479 000
Total Fixed Assets	16 249 000	13 390 000	12 627 000	13 060 000
Stock	8 433 000	8 504 000	8 316 000	8 548 000
Total Investments	0	0	0	0
Cash, Bank	7 000	9 000	9 000	14 000
Total Current Assets	167 021 000	155 494 000	205 154 000	186 087 000
Total Assets	183 270 000	168 884 000	217 781 000	199 147 000
Total Equity	105 777 000	115 584 000	114 966 000	93 188 000
Short-Term Group Debt	11 130 000	9 000	14 297 000	28 410 000
Total Long-Term Debt	262 000	3 415 000	4 086 000	2 441 000
Creditors	20 028 000	16 804 000	43 095 000	43 754 000
Unpaid Taxes	11 295 000	9 875 000	7 435 000	7 520 000
Dividends	6 000 000	0	0	0
Other Current Debt	26 860 000	22 403 000	33 903 000	21 417 000
Total Current Debt	77 231 000	49 885 000	98 729 000	103 519 000
Total Equity and Debt	183 270 000	168 884 000	217 781 000	199 147 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,61 %	0,53 %	28,64 %	35,4 %
Debt-to-Equity Ratio	0	0,03	0,04	0,03
Operating Profit Margin	1,61 %	0,78 %	11,83 %	8,81 %
Current Ratio	2,16	3,12	2,08	1,8
Quick Ratio	2,43	3,76	2,27	1,96
Equity Ratio	0,58	0,68	0,53	0,47
Gross Profit Margin	50,43 %	43,73 %	46,28 %	36,1 %