FINNTACK R&D AS

0589 OSLO

Finances

Share Ownership

Return on Equity

3,47 %

Current Ratio

1,08

Debt-to-Equity Ratio

0,96

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 172 000	10 001 000	9 052 000	11 967 000
Net Income	148 000	382 000	247 000	2 386 000
Total Assets	13 516 000	15 871 000	12 524 000	17 491 000
Total Equity	4 265 000	7 074 000	6 692 000	6 445 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 172 000	10 001 000	9 052 000	11 967 000
Expenditure	5 983 000	9 519 000	8 678 000	8 887 000
Operating Profit	191 000	482 000	374 000	3 080 000
Financial Income	260 000	260 000	281 000	269 000
Financial Costs	256 000	248 000	336 000	546 000
Financial Balance	4 000	12 000	−55 000	−277 000
Earnings Before Tax	195 000	495 000	319 000	2 804 000
Tax	46 000	112 000	72 000	418 000
Net Income	148 000	382 000	247 000	2 386 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 931 000	8 097 000	8 608 000	9 119 000
Total Current Assets	5 585 000	7 774 000	3 916 000	8 372 000
Total Assets	13 516 000	15 871 000	12 524 000	17 491 000
Total Retained Equity	3 765 000	6 574 000	6 192 000	5 945 000
Total Equity	4 265 000	7 074 000	6 692 000	6 445 000
Total Long-Term Debt	4 099 000	4 071 000	4 207 000	4 347 000
Total Current Debt	5 153 000	4 726 000	1 626 000	6 699 000
Total Equity and Debt	13 516 000	15 871 000	12 524 000	17 491 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 455 000	9 665 000	8 822 000	9 984 000
Other Income	717 000	336 000	230 000	1 983 000
Revenue	6 172 000	10 001 000	9 052 000	11 967 000
Cost of Goods Sold	184 000	149 000	532 000	18 000
Salary Costs	2 816 000	4 252 000	3 725 000	3 398 000
Depreciation	551 000	511 000	511 000	478 000
Impairment	0	0	0	−725 000
Expenditure	5 983 000	9 519 000	8 678 000	8 887 000
Operating Profit	191 000	482 000	374 000	3 080 000
Financial Income	260 000	260 000	281 000	269 000
Financial Costs	256 000	248 000	336 000	546 000
Financial Balance	4 000	12 000	−55 000	−277 000
Dividends	0	0	0	0
Net Income	148 000	382 000	247 000	2 386 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 881 000	6 218 000	6 555 000	6 893 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 050 000	1 879 000	2 053 000	2 227 000
Total Tangible Assets	7 931 000	8 097 000	8 608 000	9 119 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 931 000	8 097 000	8 608 000	9 119 000
Stock	10 000	190 000	0	0
Total Investments	0	0	0	0
Cash, Bank	288 000	526 000	1 124 000	249 000
Total Current Assets	5 585 000	7 774 000	3 916 000	8 372 000
Total Assets	13 516 000	15 871 000	12 524 000	17 491 000
Total Equity	4 265 000	7 074 000	6 692 000	6 445 000
Short-Term Group Debt	3 000 000	0	0	1 000 000
Total Long-Term Debt	4 099 000	4 071 000	4 207 000	4 347 000
Creditors	1 781 000	2 672 000	365 000	4 145 000
Unpaid Taxes	130 000	240 000	490 000	279 000
Dividends	0	0	0	0
Other Current Debt	242 000	1 631 000	631 000	1 274 000
Total Current Debt	5 153 000	4 726 000	1 626 000	6 699 000
Total Equity and Debt	13 516 000	15 871 000	12 524 000	17 491 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,47 %	5,4 %	3,69 %	37,02 %
Debt-to-Equity Ratio	0,96	0,58	0,63	0,67
Operating Profit Margin	3,09 %	4,82 %	4,13 %	25,74 %
Current Ratio	1,08	1,64	2,41	1,25
Quick Ratio	1,09	1,71	2,41	1,25
Equity Ratio	0,32	0,45	0,53	0,37
Gross Profit Margin	97,02 %	98,51 %	94,12 %	99,85 %