CRETEC AS

4513 MANDAL

Finances

Return on Equity

47,42 %

Current Ratio

1,49

Debt-to-Equity Ratio

0,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 100 000	1 527 000	1 877 000	2 400 000
Net Income	468 000	−222 000	−202 000	73 000
Total Assets	2 560 000	2 269 000	2 540 000	2 702 000
Total Equity	987 000	519 000	741 000	943 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 100 000	1 527 000	1 877 000	2 400 000
Expenditure	1 422 000	1 739 000	2 067 000	2 222 000
Operating Profit	677 000	−212 000	−190 000	178 000
Financial Income	0	0	0	0
Financial Costs	80 000	60 000	64 000	77 000
Financial Balance	−80 000	−60 000	−64 000	−77 000
Earnings Before Tax	597 000	−272 000	−254 000	101 000
Tax	128 000	−49 000	−52 000	27 000
Net Income	468 000	−222 000	−202 000	73 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 477 000	1 494 000	1 496 000	1 703 000
Total Current Assets	1 084 000	775 000	1 044 000	999 000
Total Assets	2 560 000	2 269 000	2 540 000	2 702 000
Total Retained Equity	487 000	19 000	241 000	443 000
Total Equity	987 000	519 000	741 000	943 000
Total Long-Term Debt	846 000	965 000	1 183 000	1 067 000
Total Current Debt	727 000	786 000	616 000	692 000
Total Equity and Debt	2 560 000	2 269 000	2 540 000	2 702 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 081 000	1 527 000	1 676 000	2 342 000
Other Income	20 000	0	201 000	58 000
Revenue	2 100 000	1 527 000	1 877 000	2 400 000
Cost of Goods Sold	0	35 000	30 000	30 000
Salary Costs	790 000	1 136 000	1 390 000	1 402 000
Depreciation	54 000	50 000	87 000	38 000
Impairment	0	0	0	0
Expenditure	1 422 000	1 739 000	2 067 000	2 222 000
Operating Profit	677 000	−212 000	−190 000	178 000
Financial Income	0	0	0	0
Financial Costs	80 000	60 000	64 000	77 000
Financial Balance	−80 000	−60 000	−64 000	−77 000
Dividends	0	0	0	0
Net Income	468 000	−222 000	−202 000	73 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 215 000	1 266 000	1 263 000	1 172 000
Machinery and Plant Facilities	65 000	14 000	0	0
Fixtures	150 000	150 000	150 000	501 000
Total Tangible Assets	1 430 000	1 429 000	1 413 000	1 673 000
Total Fiancial Fixed Assets	47 000	65 000	83 000	30 000
Total Fixed Assets	1 477 000	1 494 000	1 496 000	1 703 000
Stock	524 000	504 000	501 000	439 000
Total Investments	0	0	0	0
Cash, Bank	64 000	71 000	81 000	102 000
Total Current Assets	1 084 000	775 000	1 044 000	999 000
Total Assets	2 560 000	2 269 000	2 540 000	2 702 000
Total Equity	987 000	519 000	741 000	943 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	846 000	965 000	1 183 000	1 067 000
Creditors	91 000	67 000	47 000	15 000
Unpaid Taxes	89 000	212 000	210 000	246 000
Dividends	0	0	0	0
Other Current Debt	80 000	118 000	147 000	140 000
Total Current Debt	727 000	786 000	616 000	692 000
Total Equity and Debt	2 560 000	2 269 000	2 540 000	2 702 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,42 %	−42,77 %	−27,26 %	7,74 %
Debt-to-Equity Ratio	0,86	1,86	1,6	1,13
Operating Profit Margin	32,24 %	−13,88 %	−10,12 %	7,42 %
Current Ratio	1,49	0,99	1,69	1,44
Quick Ratio	5,34	2,75	9,08	3,95
Equity Ratio	0,39	0,23	0,29	0,35
Gross Profit Margin	100 %	97,71 %	98,4 %	98,75 %