QMATEC DRILLING AS

3890 VINJE

Finances

Share Ownership

Return on Equity

37,11 %

Current Ratio

1,41

Debt-to-Equity Ratio

0,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	152 492 000	128 031 000	83 813 000	79 282 000
Net Income	9 078 000	9 751 000	3 842 000	2 252 000
Total Assets	76 407 000	63 597 000	50 262 000	42 832 000
Total Equity	24 461 000	15 383 000	13 068 000	10 225 000

Income (NOK)	2022	2021	2020	2019
Revenue	152 492 000	128 031 000	83 813 000	79 282 000
Expenditure	145 101 000	115 184 000	79 500 000	75 863 000
Operating Profit	12 072 000	12 807 000	5 627 000	3 867 000
Financial Income	0	160 000	21 000	107 000
Financial Costs	421 000	497 000	719 000	1 087 000
Financial Balance	−421 000	−337 000	−698 000	−980 000
Earnings Before Tax	11 651 000	12 469 000	4 928 000	2 887 000
Tax	2 573 000	2 718 000	1 086 000	635 000
Net Income	9 078 000	9 751 000	3 842 000	2 252 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 906 000	13 910 000	8 200 000	6 825 000
Total Current Assets	64 501 000	49 687 000	42 063 000	36 006 000
Total Assets	76 407 000	63 597 000	50 262 000	42 832 000
Total Retained Equity	17 107 000	8 029 000	5 713 000	2 871 000
Total Equity	24 461 000	15 383 000	13 068 000	10 225 000
Total Long-Term Debt	6 141 000	7 796 000	4 713 000	4 709 000
Total Current Debt	45 805 000	40 418 000	32 482 000	27 897 000
Total Equity and Debt	76 407 000	63 597 000	50 262 000	42 832 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	151 306 000	127 843 000	83 758 000	79 206 000
Other Income	1 186 000	189 000	54 000	76 000
Revenue	152 492 000	128 031 000	83 813 000	79 282 000
Cost of Goods Sold	106 057 000	82 733 000	53 588 000	45 160 000
Salary Costs	22 847 000	18 344 000	15 398 000	16 335 000
Depreciation	630 000	1 169 000	−119 000	1 854 000
Impairment	0	0	0	0
Expenditure	145 101 000	115 184 000	79 500 000	75 863 000
Operating Profit	12 072 000	12 807 000	5 627 000	3 867 000
Financial Income	0	160 000	21 000	107 000
Financial Costs	421 000	497 000	719 000	1 087 000
Financial Balance	−421 000	−337 000	−698 000	−980 000
Dividends	0	0	1 000 000	0
Net Income	9 078 000	9 751 000	3 842 000	2 252 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	600 000	852 000	1 560 000	1 761 000
Real Eastate	5 594 000	5 854 000	6 208 000	4 799 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	343 000	303 000	409 000	238 000
Total Tangible Assets	5 937 000	6 157 000	6 618 000	5 037 000
Total Fiancial Fixed Assets	5 368 000	6 902 000	22 000	28 000
Total Fixed Assets	11 906 000	13 910 000	8 200 000	6 825 000
Stock	29 312 000	22 228 000	20 306 000	17 764 000
Total Investments	0	0	0	0
Cash, Bank	5 063 000	344 000	530 000	277 000
Total Current Assets	64 501 000	49 687 000	42 063 000	36 006 000
Total Assets	76 407 000	63 597 000	50 262 000	42 832 000
Total Equity	24 461 000	15 383 000	13 068 000	10 225 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 141 000	7 796 000	4 713 000	4 709 000
Creditors	22 904 000	13 765 000	17 649 000	14 739 000
Unpaid Taxes	1 457 000	1 206 000	1 048 000	2 091 000
Dividends	0	0	1 000 000	0
Other Current Debt	18 735 000	19 861 000	9 167 000	5 847 000
Total Current Debt	45 805 000	40 418 000	32 482 000	27 897 000
Total Equity and Debt	76 407 000	63 597 000	50 262 000	42 832 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,11 %	63,39 %	29,4 %	22,02 %
Debt-to-Equity Ratio	0,25	0,51	0,36	0,46
Operating Profit Margin	7,92 %	10 %	6,71 %	4,88 %
Current Ratio	1,41	1,23	1,29	1,29
Quick Ratio	3,91	2,73	3,45	3,55
Equity Ratio	0,32	0,24	0,26	0,24
Gross Profit Margin	30,45 %	35,38 %	36,06 %	43,04 %