OTEC AS

0654 OSLO

Finances

Return on Equity

64,87 %

Current Ratio

4,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 628 000	6 218 000	10 177 000	12 558 000
Net Income	1 420 000	413 000	1 823 000	998 000
Total Assets	2 795 000	6 183 000	7 702 000	4 218 000
Total Equity	2 189 000	1 319 000	4 232 000	2 408 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 628 000	6 218 000	10 177 000	12 558 000
Expenditure	8 839 000	5 664 000	7 944 000	11 330 000
Operating Profit	1 789 000	554 000	2 232 000	1 228 000
Financial Income	50 000	3 000	108 000	76 000
Financial Costs	18 000	28 000	1 000	1 000
Financial Balance	32 000	−25 000	107 000	75 000
Earnings Before Tax	1 820 000	529 000	2 338 000	1 304 000
Tax	401 000	116 000	515 000	306 000
Net Income	1 420 000	413 000	1 823 000	998 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	69 000	99 000	143 000	133 000
Total Current Assets	2 726 000	6 083 000	7 559 000	4 085 000
Total Assets	2 795 000	6 183 000	7 702 000	4 218 000
Total Retained Equity	2 032 000	1 162 000	4 075 000	2 251 000
Total Equity	2 189 000	1 319 000	4 232 000	2 408 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	606 000	4 864 000	3 471 000	1 809 000
Total Equity and Debt	2 795 000	6 183 000	7 702 000	4 218 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 628 000	6 200 000	10 177 000	12 558 000
Other Income	1 000	18 000	0	0
Revenue	10 628 000	6 218 000	10 177 000	12 558 000
Cost of Goods Sold	6 527 000	3 280 000	5 376 000	9 316 000
Salary Costs	1 175 000	1 349 000	1 384 000	1 072 000
Depreciation	30 000	30 000	42 000	2 000
Impairment	0	0	0	0
Expenditure	8 839 000	5 664 000	7 944 000	11 330 000
Operating Profit	1 789 000	554 000	2 232 000	1 228 000
Financial Income	50 000	3 000	108 000	76 000
Financial Costs	18 000	28 000	1 000	1 000
Financial Balance	32 000	−25 000	107 000	75 000
Dividends	0	0	0	0
Net Income	1 420 000	413 000	1 823 000	998 000

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	69 000	98 000	142 000	131 000
Total Tangible Assets	69 000	98 000	142 000	131 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	2 000
Total Fixed Assets	69 000	99 000	143 000	133 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 727 000	6 032 000	7 481 000	2 817 000
Total Current Assets	2 726 000	6 083 000	7 559 000	4 085 000
Total Assets	2 795 000	6 183 000	7 702 000	4 218 000
Total Equity	2 189 000	1 319 000	4 232 000	2 408 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	103 000	47 000	530 000	789 000
Unpaid Taxes	−58 000	589 000	1 323 000	0
Dividends	0	0	0	0
Other Current Debt	161 000	4 115 000	853 000	715 000
Total Current Debt	606 000	4 864 000	3 471 000	1 809 000
Total Equity and Debt	2 795 000	6 183 000	7 702 000	4 218 000

Financial indicators	2022	2021	2020	2019
Return on Equity	64,87 %	31,31 %	43,08 %	41,45 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	16,83 %	8,91 %	21,93 %	9,78 %
Current Ratio	4,5	1,25	2,18	2,26
Quick Ratio	4,5	1,25	2,18	2,26
Equity Ratio	0,78	0,21	0,55	0,57
Gross Profit Margin	38,59 %	47,25 %	47,18 %	25,82 %