TEA UTVIKLING AS

4818 FÆRVIK

Finances

Return on Equity

13,51 %

Current Ratio

0,66

Debt-to-Equity Ratio

0,42

Key figures (NOK)	2021	2020	2019	2018
Revenue	2 040 000	2 554 000	3 092 000	2 201 000
Net Income	3 325 000	193 000	374 000	573 000
Total Assets	40 035 000	35 077 000	40 088 000	43 874 000
Total Equity	24 603 000	26 278 000	28 585 000	29 211 000

Income (NOK)	2021	2020	2019	2018
Revenue	2 040 000	2 554 000	3 092 000	2 201 000
Expenditure	3 435 000	964 000	2 902 000	985 000
Operating Profit	−1 395 000	1 590 000	189 000	1 215 000
Financial Income	5 751 000	1 511 000	868 000	210 000
Financial Costs	1 031 000	2 908 000	683 000	852 000
Financial Balance	4 720 000	−1 397 000	185 000	−642 000
Earnings Before Tax	3 325 000	193 000	374 000	573 000
Tax	0	0	0	0
Net Income	3 325 000	193 000	374 000	573 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	36 755 000	33 327 000	37 894 000	38 038 000
Total Current Assets	3 280 000	1 750 000	2 194 000	5 836 000
Total Assets	40 035 000	35 077 000	40 088 000	43 874 000
Total Retained Equity	23 603 000	25 278 000	27 585 000	28 211 000
Total Equity	24 603 000	26 278 000	28 585 000	29 211 000
Total Long-Term Debt	10 428 000	6 652 000	10 366 000	14 330 000
Total Current Debt	5 004 000	2 147 000	1 137 000	333 000
Total Equity and Debt	40 035 000	35 077 000	40 088 000	43 874 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	1 608 000	1 311 000	2 112 000	1 322 000
Other Income	433 000	1 244 000	980 000	879 000
Revenue	2 040 000	2 554 000	3 092 000	2 201 000
Cost of Goods Sold	933 000	27 000	1 018 000	187 000
Salary Costs	3 000	0	0	0
Depreciation	396 000	467 000	337 000	316 000
Impairment	0	0	0	0
Expenditure	3 435 000	964 000	2 902 000	985 000
Operating Profit	−1 395 000	1 590 000	189 000	1 215 000
Financial Income	5 751 000	1 511 000	868 000	210 000
Financial Costs	1 031 000	2 908 000	683 000	852 000
Financial Balance	4 720 000	−1 397 000	185 000	−642 000
Dividends	5 000 000	2 500 000	1 000 000	0
Net Income	3 325 000	193 000	374 000	573 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	25 226 000	19 156 000	24 596 000	24 596 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 513 000	3 156 000	2 567 000	2 297 000
Total Tangible Assets	26 739 000	22 312 000	27 163 000	26 893 000
Total Fiancial Fixed Assets	10 016 000	11 015 000	10 731 000	11 145 000
Total Fixed Assets	36 755 000	33 327 000	37 894 000	38 038 000
Stock	0	0	0	0
Total Investments	0	0	0	1 004 000
Cash, Bank	2 843 000	447 000	301 000	4 811 000
Total Current Assets	3 280 000	1 750 000	2 194 000	5 836 000
Total Assets	40 035 000	35 077 000	40 088 000	43 874 000
Total Equity	24 603 000	26 278 000	28 585 000	29 211 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 428 000	6 652 000	10 366 000	14 330 000
Creditors	0	66 000	112 000	231 000
Unpaid Taxes	0	0	2 000	83 000
Dividends	5 000 000	2 500 000	1 000 000	0
Other Current Debt	4 000	81 000	23 000	19 000
Total Current Debt	5 004 000	2 147 000	1 137 000	333 000
Total Equity and Debt	40 035 000	35 077 000	40 088 000	43 874 000

Financial indicators	2021	2020	2019	2018
Return on Equity	13,51 %	0,73 %	1,31 %	1,96 %
Debt-to-Equity Ratio	0,42	0,25	0,36	0,49
Operating Profit Margin	−68,38 %	62,26 %	6,11 %	55,2 %
Current Ratio	0,66	0,82	1,93	17,53
Quick Ratio	0,66	0,82	1,93	17,53
Equity Ratio	0,61	0,75	0,71	0,67
Gross Profit Margin	54,26 %	98,94 %	67,08 %	91,5 %