NORTELECOM AS

0950 OSLO

Finances

Return on Equity

10,88 %

Current Ratio

2,66

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 123 000	5 876 000	6 431 000	5 404 000
Net Income	217 000	103 000	46 000	−367 000
Total Assets	3 177 000	2 960 000	2 694 000	2 469 000
Total Equity	1 995 000	1 778 000	1 675 000	1 699 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 123 000	5 876 000	6 431 000	5 404 000
Expenditure	6 849 000	5 751 000	6 367 000	5 890 000
Operating Profit	275 000	125 000	64 000	−485 000
Financial Income	20 000	17 000	16 000	18 000
Financial Costs	18 000	10 000	20 000	2 000
Financial Balance	2 000	7 000	−4 000	16 000
Earnings Before Tax	278 000	132 000	60 000	−470 000
Tax	61 000	29 000	14 000	−102 000
Net Income	217 000	103 000	46 000	−367 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	140 000	185 000	239 000
Total Current Assets	3 140 000	2 821 000	2 508 000	2 230 000
Total Assets	3 177 000	2 960 000	2 694 000	2 469 000
Total Retained Equity	1 895 000	1 678 000	1 575 000	1 599 000
Total Equity	1 995 000	1 778 000	1 675 000	1 699 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 182 000	1 182 000	1 019 000	770 000
Total Equity and Debt	3 177 000	2 960 000	2 694 000	2 469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 086 000	5 858 000	6 431 000	5 373 000
Other Income	37 000	18 000	0	31 000
Revenue	7 123 000	5 876 000	6 431 000	5 404 000
Cost of Goods Sold	1 419 000	1 336 000	1 956 000	1 161 000
Salary Costs	3 929 000	3 258 000	3 170 000	3 412 000
Depreciation	29 000	37 000	40 000	58 000
Impairment	0	0	0	0
Expenditure	6 849 000	5 751 000	6 367 000	5 890 000
Operating Profit	275 000	125 000	64 000	−485 000
Financial Income	20 000	17 000	16 000	18 000
Financial Costs	18 000	10 000	20 000	2 000
Financial Balance	2 000	7 000	−4 000	16 000
Dividends	0	0	0	0
Net Income	217 000	103 000	46 000	−367 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	40 000	69 000	83 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	37 000	100 000	117 000	156 000
Total Tangible Assets	37 000	100 000	117 000	156 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	37 000	140 000	185 000	239 000
Stock	338 000	425 000	522 000	566 000
Total Investments	19 000	19 000	18 000	5 000
Cash, Bank	1 668 000	1 287 000	750 000	1 212 000
Total Current Assets	3 140 000	2 821 000	2 508 000	2 230 000
Total Assets	3 177 000	2 960 000	2 694 000	2 469 000
Total Equity	1 995 000	1 778 000	1 675 000	1 699 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	200 000	226 000	119 000	44 000
Unpaid Taxes	400 000	479 000	458 000	323 000
Dividends	0	0	0	0
Other Current Debt	562 000	477 000	442 000	403 000
Total Current Debt	1 182 000	1 182 000	1 019 000	770 000
Total Equity and Debt	3 177 000	2 960 000	2 694 000	2 469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,88 %	5,79 %	2,75 %	−21,6 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,86 %	2,13 %	1 %	−8,97 %
Current Ratio	2,66	2,39	2,46	2,9
Quick Ratio	3,72	3,73	5,05	10,93
Equity Ratio	0,63	0,6	0,62	0,69
Gross Profit Margin	80,08 %	77,26 %	69,58 %	78,52 %