ERMATECH AS

5237 RÅDAL

Finances

Share Ownership

Return on Equity

26,53 %

Current Ratio

2,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 242 000	2 755 000	1 994 000	1 565 000
Net Income	234 000	375 000	74 000	7 000
Total Assets	1 586 000	1 299 000	701 000	752 000
Total Equity	882 000	648 000	273 000	199 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 242 000	2 755 000	1 994 000	1 565 000
Expenditure	2 924 000	2 313 000	1 909 000	1 552 000
Operating Profit	317 000	442 000	85 000	13 000
Financial Income	26 000	19 000	14 000	1 000
Financial Costs	43 000	12 000	26 000	7 000
Financial Balance	−17 000	7 000	−12 000	−6 000
Earnings Before Tax	300 000	450 000	74 000	7 000
Tax	66 000	74 000	0	0
Net Income	234 000	375 000	74 000	7 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 586 000	1 299 000	701 000	752 000
Total Assets	1 586 000	1 299 000	701 000	752 000
Total Retained Equity	782 000	548 000	173 000	99 000
Total Equity	882 000	648 000	273 000	199 000
Total Long-Term Debt	0	0	106 000	100 000
Total Current Debt	704 000	651 000	323 000	453 000
Total Equity and Debt	1 586 000	1 299 000	701 000	752 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 242 000	2 755 000	1 994 000	1 565 000
Other Income	0	0	0	0
Revenue	3 242 000	2 755 000	1 994 000	1 565 000
Cost of Goods Sold	1 958 000	1 444 000	1 091 000	765 000
Salary Costs	879 000	777 000	692 000	680 000
Depreciation	0	0	0	3 000
Impairment	0	0	0	0
Expenditure	2 924 000	2 313 000	1 909 000	1 552 000
Operating Profit	317 000	442 000	85 000	13 000
Financial Income	26 000	19 000	14 000	1 000
Financial Costs	43 000	12 000	26 000	7 000
Financial Balance	−17 000	7 000	−12 000	−6 000
Dividends	0	0	0	0
Net Income	234 000	375 000	74 000	7 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 143 000	715 000	382 000	282 000
Total Current Assets	1 586 000	1 299 000	701 000	752 000
Total Assets	1 586 000	1 299 000	701 000	752 000
Total Equity	882 000	648 000	273 000	199 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	106 000	100 000
Creditors	263 000	313 000	142 000	224 000
Unpaid Taxes	268 000	150 000	96 000	145 000
Dividends	0	0	0	0
Other Current Debt	107 000	114 000	84 000	84 000
Total Current Debt	704 000	651 000	323 000	453 000
Total Equity and Debt	1 586 000	1 299 000	701 000	752 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,53 %	57,87 %	27,11 %	3,52 %
Debt-to-Equity Ratio	0	0	0,39	0,5
Operating Profit Margin	9,78 %	16,04 %	4,26 %	0,83 %
Current Ratio	2,25	2	2,17	1,66
Quick Ratio	2,25	2	2,17	1,66
Equity Ratio	0,56	0,5	0,39	0,26
Gross Profit Margin	39,61 %	47,59 %	45,29 %	51,12 %