NORITEC AS

5627 JONDAL

Finances

Share Ownership

Return on Equity

−109,71 %

Current Ratio

3,2

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	895 000	5 000 000	5 500 000	4 557 000
Net Income	−2 948 000	745 000	171 000	−63 000
Total Assets	2 994 000	6 156 000	5 614 000	7 702 000
Total Equity	2 687 000	5 636 000	4 890 000	4 719 000

Income (NOK)	2022	2021	2020	2019
Revenue	895 000	5 000 000	5 500 000	4 557 000
Expenditure	3 847 000	4 259 000	5 332 000	4 621 000
Operating Profit	−2 952 000	741 000	168 000	−64 000
Financial Income	4 000	4 000	3 000	1 000
Financial Costs	0	0	0	0
Financial Balance	4 000	4 000	3 000	1 000
Earnings Before Tax	−2 948 000	745 000	171 000	−63 000
Tax	0	0	0	0
Net Income	−2 948 000	745 000	171 000	−63 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 016 000	2 329 000	2 718 000	2 972 000
Total Current Assets	978 000	3 827 000	2 897 000	4 730 000
Total Assets	2 994 000	6 156 000	5 614 000	7 702 000
Total Retained Equity	0	917 000	171 000	0
Total Equity	2 687 000	5 636 000	4 890 000	4 719 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	306 000	520 000	724 000	2 983 000
Total Equity and Debt	2 994 000	6 156 000	5 614 000	7 702 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	180 000	5 000 000	5 500 000	4 557 000
Other Income	715 000	0	0	0
Revenue	895 000	5 000 000	5 500 000	4 557 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 265 000	2 091 000	2 049 000	966 000
Depreciation	377 000	440 000	427 000	70 000
Impairment	0	0	0	0
Expenditure	3 847 000	4 259 000	5 332 000	4 621 000
Operating Profit	−2 952 000	741 000	168 000	−64 000
Financial Income	4 000	4 000	3 000	1 000
Financial Costs	0	0	0	0
Financial Balance	4 000	4 000	3 000	1 000
Dividends	0	0	0	0
Net Income	−2 948 000	745 000	171 000	−63 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 735 000	1 671 000	1 620 000	1 546 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	281 000	658 000	1 098 000	1 426 000
Total Tangible Assets	281 000	658 000	1 098 000	1 426 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 016 000	2 329 000	2 718 000	2 972 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	968 000	2 968 000	1 629 000	3 572 000
Total Current Assets	978 000	3 827 000	2 897 000	4 730 000
Total Assets	2 994 000	6 156 000	5 614 000	7 702 000
Total Equity	2 687 000	5 636 000	4 890 000	4 719 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	190 000	114 000	212 000	2 819 000
Unpaid Taxes	0	197 000	162 000	76 000
Dividends	0	0	0	0
Other Current Debt	117 000	210 000	351 000	89 000
Total Current Debt	306 000	520 000	724 000	2 983 000
Total Equity and Debt	2 994 000	6 156 000	5 614 000	7 702 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−109,71 %	13,22 %	3,5 %	−1,34 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−329,83 %	14,82 %	3,05 %	−1,4 %
Current Ratio	3,2	7,36	4	1,59
Quick Ratio	3,2	7,36	4	1,59
Equity Ratio	0,9	0,92	0,87	0,61
Gross Profit Margin	100 %	100 %	100 %	100 %