2K TECH AS

8517 NARVIK

Finances

Return on Equity

−20,41 %

Current Ratio

1,33

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	266 000	579 000	625 000	727 000
Net Income	−20 000	63 000	36 000	−63 000
Total Assets	206 000	338 000	346 000	257 000
Total Equity	98 000	118 000	55 000	19 000

Income (NOK)	2022	2021	2020	2019
Revenue	266 000	579 000	625 000	727 000
Expenditure	277 000	490 000	569 000	796 000
Operating Profit	−12 000	89 000	56 000	−69 000
Financial Income	0	0	0	0
Financial Costs	14 000	8 000	10 000	9 000
Financial Balance	−14 000	−8 000	−10 000	−9 000
Earnings Before Tax	−25 000	81 000	46 000	−78 000
Tax	−6 000	18 000	10 000	−16 000
Net Income	−20 000	63 000	36 000	−63 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	106 000	151 000	75 000	82 000
Total Current Assets	101 000	187 000	271 000	176 000
Total Assets	206 000	338 000	346 000	257 000
Total Retained Equity	−72 000	−52 000	−115 000	−151 000
Total Equity	98 000	118 000	55 000	19 000
Total Long-Term Debt	32 000	79 000	103 000	115 000
Total Current Debt	76 000	140 000	189 000	123 000
Total Equity and Debt	206 000	338 000	346 000	257 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	266 000	579 000	625 000	727 000
Other Income	0	0	0	0
Revenue	266 000	579 000	625 000	727 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 000	293 000	434 000	569 000
Depreciation	49 000	36 000	9 000	9 000
Impairment	0	0	0	0
Expenditure	277 000	490 000	569 000	796 000
Operating Profit	−12 000	89 000	56 000	−69 000
Financial Income	0	0	0	0
Financial Costs	14 000	8 000	10 000	9 000
Financial Balance	−14 000	−8 000	−10 000	−9 000
Dividends	0	0	0	0
Net Income	−20 000	63 000	36 000	−63 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 000	0	6 000	16 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	43 000	92 000	8 000	17 000
Total Tangible Assets	43 000	92 000	8 000	17 000
Total Fiancial Fixed Assets	59 000	59 000	62 000	49 000
Total Fixed Assets	106 000	151 000	75 000	82 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	78 000	165 000	127 000	110 000
Total Current Assets	101 000	187 000	271 000	176 000
Total Assets	206 000	338 000	346 000	257 000
Total Equity	98 000	118 000	55 000	19 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	32 000	79 000	103 000	115 000
Creditors	3 000	1 000	9 000	36 000
Unpaid Taxes	4 000	28 000	80 000	35 000
Dividends	0	0	0	0
Other Current Debt	69 000	100 000	100 000	53 000
Total Current Debt	76 000	140 000	189 000	123 000
Total Equity and Debt	206 000	338 000	346 000	257 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,41 %	53,39 %	65,45 %	−331,58 %
Debt-to-Equity Ratio	0,33	0,67	1,87	6,05
Operating Profit Margin	−4,51 %	15,37 %	8,96 %	−9,49 %
Current Ratio	1,33	1,34	1,43	1,43
Quick Ratio	1,33	1,34	1,43	1,43
Equity Ratio	0,48	0,35	0,16	0,07
Gross Profit Margin	100 %	100 %	100 %	100 %