TECHTRONIC INDUSTRIES NORWAY AS

0277 OSLO

Finances

Share Ownership

Return on Equity

36,38 %

Current Ratio

1,26

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	51 926 000	39 463 000	32 309 000	21 773 000
Net Income	1 399 000	1 058 000	844 000	562 000
Total Assets	18 657 000	13 487 000	9 382 000	5 515 000
Total Equity	3 846 000	−11 084 000	−12 143 000	−12 986 000

Income (NOK)	2021	2020	2019	2018
Revenue	51 926 000	39 463 000	32 309 000	21 773 000
Expenditure	50 519 000	38 412 000	31 474 000	21 210 000
Operating Profit	1 407 000	1 051 000	835 000	563 000
Financial Income	0	8 000	10 000	−1 000
Financial Costs	9 000	0	1 000	0
Financial Balance	−9 000	8 000	9 000	−1 000
Earnings Before Tax	1 399 000	1 058 000	844 000	562 000
Tax	0	0	0	0
Net Income	1 399 000	1 058 000	844 000	562 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	0	0
Total Current Assets	18 657 000	13 487 000	9 382 000	5 515 000
Total Assets	18 657 000	13 487 000	9 382 000	5 515 000
Total Retained Equity	−10 871 000	−12 269 000	−13 328 000	−14 171 000
Total Equity	3 846 000	−11 084 000	−12 143 000	−12 986 000
Total Long-Term Debt	0	13 532 000	13 529 000	0
Total Current Debt	14 811 000	11 039 000	7 996 000	18 501 000
Total Equity and Debt	18 657 000	13 487 000	9 382 000	5 515 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	0
Other Income	51 926 000	39 463 000	32 309 000	21 773 000
Revenue	51 926 000	39 463 000	32 309 000	21 773 000
Cost of Goods Sold	0	0	0	0
Salary Costs	45 639 000	34 091 000	26 962 000	18 220 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	50 519 000	38 412 000	31 474 000	21 210 000
Operating Profit	1 407 000	1 051 000	835 000	563 000
Financial Income	0	8 000	10 000	−1 000
Financial Costs	9 000	0	1 000	0
Financial Balance	−9 000	8 000	9 000	−1 000
Dividends	0	0	0	0
Net Income	1 399 000	1 058 000	844 000	562 000

Balance details (NOK)	2021	2020	2019	2018
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	16 686 000	8 435 000	5 178 000	1 670 000
Total Current Assets	18 657 000	13 487 000	9 382 000	5 515 000
Total Assets	18 657 000	13 487 000	9 382 000	5 515 000
Total Equity	3 846 000	−11 084 000	−12 143 000	−12 986 000
Short-Term Group Debt	0	0	0	13 529 000
Total Long-Term Debt	0	13 532 000	13 529 000	0
Creditors	0	140 000	199 000	6 000
Unpaid Taxes	4 773 000	3 400 000	2 409 000	1 351 000
Dividends	0	0	0	0
Other Current Debt	10 038 000	7 500 000	5 388 000	3 616 000
Total Current Debt	14 811 000	11 039 000	7 996 000	18 501 000
Total Equity and Debt	18 657 000	13 487 000	9 382 000	5 515 000

Financial indicators	2021	2020	2019	2018
Return on Equity	36,38 %	−9,55 %	−6,95 %	−4,33 %
Debt-to-Equity Ratio	0	−1,22	−1,11	−0
Operating Profit Margin	2,71 %	2,66 %	2,58 %	2,59 %
Current Ratio	1,26	1,22	1,17	0,3
Quick Ratio	1,26	1,22	1,17	0,3
Equity Ratio	0,21	−0,82	−1,29	−2,35
Gross Profit Margin	100 %	100 %	100 %	100 %