SAFETEC NORDIC AS

7037 TRONDHEIM

Finances

Return on Equity

22,5 %

Current Ratio

1,52

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	203 430 000	164 615 000	146 814 000	130 308 000
Net Income	8 341 000	6 330 000	7 228 000	6 742 000
Total Assets	93 325 000	82 964 000	67 030 000	59 215 000
Total Equity	37 063 000	29 261 000	27 432 000	20 204 000

Income (NOK)	2022	2021	2020	2019
Revenue	203 430 000	164 615 000	146 814 000	130 308 000
Expenditure	198 694 000	157 678 000	139 184 000	127 571 000
Operating Profit	4 737 000	6 937 000	7 631 000	2 738 000
Financial Income	4 604 000	482 000	216 000	686 000
Financial Costs	792 000	1 090 000	619 000	532 000
Financial Balance	3 812 000	−608 000	−403 000	154 000
Earnings Before Tax	8 549 000	6 330 000	7 228 000	2 892 000
Tax	208 000	0	0	−3 850 000
Net Income	8 341 000	6 330 000	7 228 000	6 742 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 762 000	15 022 000	16 978 000	19 127 000
Total Current Assets	73 563 000	67 943 000	50 052 000	40 088 000
Total Assets	93 325 000	82 964 000	67 030 000	59 215 000
Total Retained Equity	16 859 000	9 057 000	7 228 000	0
Total Equity	37 063 000	29 261 000	27 432 000	20 204 000
Total Long-Term Debt	7 885 000	9 403 000	11 465 000	11 566 000
Total Current Debt	48 376 000	44 300 000	28 133 000	27 445 000
Total Equity and Debt	93 325 000	82 964 000	67 030 000	59 215 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	203 430 000	164 615 000	146 814 000	130 308 000
Other Income	0	0	0	0
Revenue	203 430 000	164 615 000	146 814 000	130 308 000
Cost of Goods Sold	29 267 000	12 575 000	8 630 000	7 139 000
Salary Costs	140 972 000	125 165 000	110 713 000	98 165 000
Depreciation	354 000	1 263 000	1 212 000	1 194 000
Impairment	0	0	0	0
Expenditure	198 694 000	157 678 000	139 184 000	127 571 000
Operating Profit	4 737 000	6 937 000	7 631 000	2 738 000
Financial Income	4 604 000	482 000	216 000	686 000
Financial Costs	792 000	1 090 000	619 000	532 000
Financial Balance	3 812 000	−608 000	−403 000	154 000
Dividends	0	4 500 000	0	0
Net Income	8 341 000	6 330 000	7 228 000	6 742 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 850 000	4 010 000	5 117 000	6 189 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	683 000	571 000	519 000	405 000
Total Tangible Assets	683 000	571 000	519 000	405 000
Total Fiancial Fixed Assets	15 229 000	10 440 000	11 342 000	12 534 000
Total Fixed Assets	19 762 000	15 022 000	16 978 000	19 127 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	19 227 000	28 532 000	17 746 000	10 561 000
Total Current Assets	73 563 000	67 943 000	50 052 000	40 088 000
Total Assets	93 325 000	82 964 000	67 030 000	59 215 000
Total Equity	37 063 000	29 261 000	27 432 000	20 204 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 885 000	9 403 000	11 465 000	11 566 000
Creditors	13 429 000	6 995 000	3 546 000	5 213 000
Unpaid Taxes	16 867 000	14 064 000	13 470 000	11 753 000
Dividends	0	4 500 000	0	0
Other Current Debt	17 334 000	18 741 000	11 117 000	10 478 000
Total Current Debt	48 376 000	44 300 000	28 133 000	27 445 000
Total Equity and Debt	93 325 000	82 964 000	67 030 000	59 215 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,5 %	21,63 %	26,35 %	33,37 %
Debt-to-Equity Ratio	0,21	0,32	0,42	0,57
Operating Profit Margin	2,33 %	4,21 %	5,2 %	2,1 %
Current Ratio	1,52	1,53	1,78	1,46
Quick Ratio	1,52	1,53	1,78	1,46
Equity Ratio	0,4	0,35	0,41	0,34
Gross Profit Margin	85,61 %	92,36 %	94,12 %	94,52 %