FORCE TECHNOLOGY NORWAY AS

1395 HVALSTAD

Finances

Return on Equity

17,03 %

Current Ratio

1,92

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	231 706 000	208 660 000	204 126 000	229 803 000
Net Income	11 820 000	433 000	−3 695 000	−108 000
Total Assets	111 453 000	100 741 000	100 195 000	109 343 000
Total Equity	69 408 000	57 587 000	13 154 000	16 795 000

Income (NOK)	2022	2021	2020	2019
Revenue	231 706 000	208 660 000	204 126 000	229 803 000
Expenditure	225 277 000	207 320 000	207 942 000	227 472 000
Operating Profit	6 429 000	1 340 000	−3 816 000	2 331 000
Financial Income	9 005 000	2 169 000	2 521 000	1 284 000
Financial Costs	2 371 000	3 124 000	3 799 000	3 938 000
Financial Balance	6 634 000	−955 000	−1 278 000	−2 654 000
Earnings Before Tax	13 063 000	385 000	−5 094 000	−323 000
Tax	1 242 000	−48 000	−1 398 000	−215 000
Net Income	11 820 000	433 000	−3 695 000	−108 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 756 000	39 891 000	43 235 000	41 876 000
Total Current Assets	76 697 000	60 850 000	56 960 000	67 467 000
Total Assets	111 453 000	100 741 000	100 195 000	109 343 000
Total Retained Equity	0	0	0	0
Total Equity	69 408 000	57 587 000	13 154 000	16 795 000
Total Long-Term Debt	1 997 000	11 532 000	49 958 000	48 518 000
Total Current Debt	40 049 000	31 622 000	37 083 000	44 030 000
Total Equity and Debt	111 453 000	100 741 000	100 195 000	109 343 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	231 706 000	208 015 000	203 449 000	228 246 000
Other Income	0	646 000	677 000	1 557 000
Revenue	231 706 000	208 660 000	204 126 000	229 803 000
Cost of Goods Sold	44 496 000	39 104 000	42 344 000	47 567 000
Salary Costs	124 313 000	124 182 000	121 185 000	132 951 000
Depreciation	9 489 000	8 016 000	6 561 000	6 995 000
Impairment	0	0	0	0
Expenditure	225 277 000	207 320 000	207 942 000	227 472 000
Operating Profit	6 429 000	1 340 000	−3 816 000	2 331 000
Financial Income	9 005 000	2 169 000	2 521 000	1 284 000
Financial Costs	2 371 000	3 124 000	3 799 000	3 938 000
Financial Balance	6 634 000	−955 000	−1 278 000	−2 654 000
Dividends	0	0	0	0
Net Income	11 820 000	433 000	−3 695 000	−108 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	20 419 000	18 407 000	20 967 000	17 781 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	14 297 000	21 424 000	22 220 000	24 037 000
Fixtures	0	0	0	0
Total Tangible Assets	14 297 000	21 424 000	22 220 000	24 037 000
Total Fiancial Fixed Assets	41 000	59 000	47 000	58 000
Total Fixed Assets	34 756 000	39 891 000	43 235 000	41 876 000
Stock	0	0	446 000	1 019 000
Total Investments	0	0	0	0
Cash, Bank	2 706 000	8 487 000	10 399 000	−848 000
Total Current Assets	76 697 000	60 850 000	56 960 000	67 467 000
Total Assets	111 453 000	100 741 000	100 195 000	109 343 000
Total Equity	69 408 000	57 587 000	13 154 000	16 795 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 997 000	11 532 000	49 958 000	48 518 000
Creditors	23 388 000	8 027 000	12 580 000	19 165 000
Unpaid Taxes	5 314 000	10 972 000	10 832 000	9 526 000
Dividends	0	0	0	0
Other Current Debt	11 347 000	12 623 000	13 671 000	15 339 000
Total Current Debt	40 049 000	31 622 000	37 083 000	44 030 000
Total Equity and Debt	111 453 000	100 741 000	100 195 000	109 343 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,03 %	0,75 %	−28,09 %	−0,64 %
Debt-to-Equity Ratio	0,03	0,2	3,8	2,89
Operating Profit Margin	2,77 %	0,64 %	−1,87 %	1,01 %
Current Ratio	1,92	1,92	1,54	1,53
Quick Ratio	1,92	1,92	1,55	1,57
Equity Ratio	0,62	0,57	0,13	0,15
Gross Profit Margin	80,8 %	81,26 %	79,26 %	79,3 %