ELTECO AS

3946 PORSGRUNN

Finances

Share Ownership

Return on Equity

89,31 %

Current Ratio

1,33

Debt-to-Equity Ratio

Key figures (NOK)	2023	2022	2021	2020
Revenue	147 935 000	115 560 000	110 360 000	116 240 000
Net Income	17 369 000	11 903 000	11 040 000	10 966 000
Total Assets	77 815 000	58 590 000	52 145 000	56 877 000
Total Equity	19 448 000	13 427 000	13 069 000	14 227 000

Income (NOK)	2023	2022	2021	2020
Revenue	147 935 000	115 560 000	110 360 000	116 240 000
Expenditure	125 105 000	99 884 000	95 371 000	101 983 000
Operating Profit	22 830 000	15 675 000	14 990 000	14 257 000
Financial Income	336 000	48 000	56 000	216 000
Financial Costs	860 000	444 000	888 000	386 000
Financial Balance	−524 000	−396 000	−832 000	−170 000
Earnings Before Tax	22 306 000	15 278 000	14 158 000	14 087 000
Tax	4 936 000	3 376 000	3 118 000	3 121 000
Net Income	17 369 000	11 903 000	11 040 000	10 966 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	347 000	328 000	364 000	260 000
Total Current Assets	77 467 000	58 262 000	51 781 000	56 617 000
Total Assets	77 815 000	58 590 000	52 145 000	56 877 000
Total Retained Equity	17 448 000	11 427 000	11 069 000	12 227 000
Total Equity	19 448 000	13 427 000	13 069 000	14 227 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	58 367 000	45 163 000	39 076 000	42 650 000
Total Equity and Debt	77 815 000	58 590 000	52 145 000	56 877 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	145 584 000	112 468 000	104 550 000	113 408 000
Other Income	2 352 000	3 092 000	5 810 000	2 831 000
Revenue	147 935 000	115 560 000	110 360 000	116 240 000
Cost of Goods Sold	88 898 000	68 562 000	66 439 000	69 255 000
Salary Costs	26 913 000	23 755 000	22 078 000	23 824 000
Depreciation	77 000	72 000	42 000	34 000
Impairment	0	0	0	0
Expenditure	125 105 000	99 884 000	95 371 000	101 983 000
Operating Profit	22 830 000	15 675 000	14 990 000	14 257 000
Financial Income	336 000	48 000	56 000	216 000
Financial Costs	860 000	444 000	888 000	386 000
Financial Balance	−524 000	−396 000	−832 000	−170 000
Dividends	0	0	1 200 000	0
Net Income	17 369 000	11 903 000	11 040 000	10 966 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	0	0	0
Total Intangible Assets	144 000	143 000	142 000	151 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	203 000	186 000	222 000	109 000
Total Tangible Assets	203 000	186 000	222 000	109 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	347 000	328 000	364 000	260 000
Stock	16 414 000	10 543 000	9 024 000	11 052 000
Total Investments	0	0	0	0
Cash, Bank	514 000	504 000	490 000	507 000
Total Current Assets	77 467 000	58 262 000	51 781 000	56 617 000
Total Assets	77 815 000	58 590 000	52 145 000	56 877 000
Total Equity	19 448 000	13 427 000	13 069 000	14 227 000
Short-Term Group Debt	14 550 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	24 658 000	16 696 000	12 141 000	16 555 000
Unpaid Taxes	10 287 000	23 349 000	6 886 000	8 251 000
Dividends	0	0	1 200 000	0
Other Current Debt	7 017 000	5 118 000	4 572 000	5 137 000
Total Current Debt	58 367 000	45 163 000	39 076 000	42 650 000
Total Equity and Debt	77 815 000	58 590 000	52 145 000	56 877 000

Financial indicators	2023	2022	2021	2020
Return on Equity	89,31 %	88,65 %	84,47 %	77,08 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	15,43 %	13,56 %	13,58 %	12,27 %
Current Ratio	1,33	1,29	1,33	1,33
Quick Ratio	1,85	1,68	1,72	1,79
Equity Ratio	0,25	0,23	0,25	0,25
Gross Profit Margin	39,91 %	40,67 %	39,8 %	40,42 %