ETC ELECTRIC TIME CAR AS

2816 GJØVIK

Finances

Share Ownership

Return on Equity

95,72 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 968 000	13 060 000	9 084 000	7 426 000
Net Income	3 531 000	2 068 000	1 544 000	847 000
Total Assets	18 141 000	13 482 000	10 801 000	8 855 000
Total Equity	3 689 000	11 322 000	9 255 000	7 710 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 968 000	13 060 000	9 084 000	7 426 000
Expenditure	13 368 000	11 004 000	7 589 000	6 633 000
Operating Profit	3 600 000	2 055 000	1 495 000	793 000
Financial Income	51 000	12 000	50 000	54 000
Financial Costs	0	0	0	0
Financial Balance	51 000	12 000	50 000	54 000
Earnings Before Tax	3 652 000	2 068 000	1 544 000	847 000
Tax	121 000	0	0	0
Net Income	3 531 000	2 068 000	1 544 000	847 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 653 000	1 879 000	0	0
Total Current Assets	15 488 000	11 603 000	10 801 000	8 855 000
Total Assets	18 141 000	13 482 000	10 801 000	8 855 000
Total Retained Equity	3 616 000	11 192 000	9 125 000	7 580 000
Total Equity	3 689 000	11 322 000	9 255 000	7 710 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	14 452 000	2 160 000	1 547 000	1 144 000
Total Equity and Debt	18 141 000	13 482 000	10 801 000	8 855 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 968 000	13 060 000	9 084 000	7 426 000
Other Income	0	0	0	0
Revenue	16 968 000	13 060 000	9 084 000	7 426 000
Cost of Goods Sold	2 063 000	2 194 000	884 000	1 361 000
Salary Costs	8 668 000	6 532 000	5 489 000	3 984 000
Depreciation	285 000	90 000	0	0
Impairment	0	0	0	0
Expenditure	13 368 000	11 004 000	7 589 000	6 633 000
Operating Profit	3 600 000	2 055 000	1 495 000	793 000
Financial Income	51 000	12 000	50 000	54 000
Financial Costs	0	0	0	0
Financial Balance	51 000	12 000	50 000	54 000
Dividends	0	0	0	0
Net Income	3 531 000	2 068 000	1 544 000	847 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 653 000	1 879 000	0	0
Total Tangible Assets	1 653 000	1 879 000	0	0
Total Fiancial Fixed Assets	1 000 000	0	0	0
Total Fixed Assets	2 653 000	1 879 000	0	0
Stock	1 384 000	1 363 000	1 065 000	919 000
Total Investments	0	0	0	0
Cash, Bank	8 864 000	7 704 000	7 758 000	6 271 000
Total Current Assets	15 488 000	11 603 000	10 801 000	8 855 000
Total Assets	18 141 000	13 482 000	10 801 000	8 855 000
Total Equity	3 689 000	11 322 000	9 255 000	7 710 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	469 000	525 000	109 000	57 000
Unpaid Taxes	1 627 000	718 000	718 000	637 000
Dividends	0	0	0	0
Other Current Debt	12 236 000	917 000	720 000	451 000
Total Current Debt	14 452 000	2 160 000	1 547 000	1 144 000
Total Equity and Debt	18 141 000	13 482 000	10 801 000	8 855 000

Financial indicators	2022	2021	2020	2019
Return on Equity	95,72 %	18,27 %	16,68 %	10,99 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	21,22 %	15,74 %	16,46 %	10,68 %
Current Ratio	1,07	5,37	6,98	7,74
Quick Ratio	1,19	14,56	22,41	39,36
Equity Ratio	0,2	0,84	0,86	0,87
Gross Profit Margin	87,84 %	83,2 %	90,27 %	81,67 %