TERTECH AS

6270 BRATTVÅG

Finances

Share Ownership

Return on Equity

42,13 %

Current Ratio

1,53

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 311 000	2 415 000	2 753 000	1 572 000
Net Income	300 000	45 000	37 000	−47 000
Total Assets	1 734 000	1 315 000	819 000	606 000
Total Equity	712 000	452 000	447 000	410 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 311 000	2 415 000	2 753 000	1 572 000
Expenditure	3 950 000	2 356 000	2 664 000	1 631 000
Operating Profit	362 000	59 000	88 000	−59 000
Financial Income	50 000	14 000	17 000	7 000
Financial Costs	27 000	15 000	58 000	9 000
Financial Balance	23 000	−1 000	−41 000	−2 000
Earnings Before Tax	385 000	58 000	47 000	−60 000
Tax	85 000	13 000	10 000	−13 000
Net Income	300 000	45 000	37 000	−47 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	175 000	610 000	272 000	283 000
Total Current Assets	1 559 000	706 000	547 000	324 000
Total Assets	1 734 000	1 315 000	819 000	606 000
Total Retained Equity	214 000	−46 000	−91 000	−128 000
Total Equity	712 000	452 000	447 000	410 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 022 000	863 000	372 000	196 000
Total Equity and Debt	1 734 000	1 315 000	819 000	606 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 311 000	2 415 000	2 753 000	1 572 000
Other Income	0	0	0	0
Revenue	4 311 000	2 415 000	2 753 000	1 572 000
Cost of Goods Sold	3 059 000	1 585 000	2 010 000	1 037 000
Salary Costs	638 000	531 000	447 000	378 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 950 000	2 356 000	2 664 000	1 631 000
Operating Profit	362 000	59 000	88 000	−59 000
Financial Income	50 000	14 000	17 000	7 000
Financial Costs	27 000	15 000	58 000	9 000
Financial Balance	23 000	−1 000	−41 000	−2 000
Dividends	40 000	40 000	0	0
Net Income	300 000	45 000	37 000	−47 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	175 000	259 000	272 000	283 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	350 000	0	0
Total Fixed Assets	175 000	610 000	272 000	283 000
Stock	246 000	208 000	144 000	195 000
Total Investments	0	0	0	0
Cash, Bank	993 000	366 000	254 000	46 000
Total Current Assets	1 559 000	706 000	547 000	324 000
Total Assets	1 734 000	1 315 000	819 000	606 000
Total Equity	712 000	452 000	447 000	410 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	206 000	28 000	113 000	40 000
Unpaid Taxes	219 000	194 000	92 000	83 000
Dividends	40 000	40 000	0	0
Other Current Debt	557 000	601 000	168 000	74 000
Total Current Debt	1 022 000	863 000	372 000	196 000
Total Equity and Debt	1 734 000	1 315 000	819 000	606 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,13 %	9,96 %	8,28 %	−11,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,4 %	2,44 %	3,2 %	−3,75 %
Current Ratio	1,53	0,82	1,47	1,65
Quick Ratio	2,01	1,08	2,4	324
Equity Ratio	0,41	0,34	0,55	0,68
Gross Profit Margin	29,04 %	34,37 %	26,99 %	34,03 %