HIGH SPEED MACHINING AS

4120 TAU

Finances

Return on Equity

15,15 %

Current Ratio

1,21

Debt-to-Equity Ratio

1,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 079 000	35 286 000	33 370 000	46 346 000
Net Income	1 631 000	−7 477 000	−466 000	5 358 000
Total Assets	35 955 000	39 972 000	45 748 000	48 902 000
Total Equity	10 764 000	9 133 000	16 610 000	17 076 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 079 000	35 286 000	33 370 000	46 346 000
Expenditure	36 733 000	40 400 000	32 629 000	38 046 000
Operating Profit	2 345 000	−5 114 000	741 000	8 300 000
Financial Income	9 000	37 000	75 000	164 000
Financial Costs	1 262 000	3 770 000	1 436 000	1 030 000
Financial Balance	−1 253 000	−3 733 000	−1 361 000	−866 000
Earnings Before Tax	1 092 000	−8 847 000	−620 000	7 434 000
Tax	−539 000	−1 370 000	−154 000	2 076 000
Net Income	1 631 000	−7 477 000	−466 000	5 358 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 125 000	27 317 000	29 652 000	24 628 000
Total Current Assets	11 831 000	12 655 000	16 096 000	24 274 000
Total Assets	35 955 000	39 972 000	45 748 000	48 902 000
Total Retained Equity	7 103 000	5 472 000	12 949 000	13 415 000
Total Equity	10 764 000	9 133 000	16 610 000	17 076 000
Total Long-Term Debt	15 446 000	20 625 000	23 349 000	19 492 000
Total Current Debt	9 746 000	10 214 000	5 789 000	12 334 000
Total Equity and Debt	35 955 000	39 972 000	45 748 000	48 902 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 826 000	34 940 000	32 023 000	45 753 000
Other Income	253 000	346 000	1 348 000	594 000
Revenue	39 079 000	35 286 000	33 370 000	46 346 000
Cost of Goods Sold	9 041 000	10 771 000	9 170 000	14 122 000
Salary Costs	18 390 000	16 896 000	15 188 000	16 131 000
Depreciation	4 128 000	4 080 000	3 833 000	3 158 000
Impairment	0	0	0	0
Expenditure	36 733 000	40 400 000	32 629 000	38 046 000
Operating Profit	2 345 000	−5 114 000	741 000	8 300 000
Financial Income	9 000	37 000	75 000	164 000
Financial Costs	1 262 000	3 770 000	1 436 000	1 030 000
Financial Balance	−1 253 000	−3 733 000	−1 361 000	−866 000
Dividends	0	0	0	0
Net Income	1 631 000	−7 477 000	−466 000	5 358 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	24 050 000	27 250 000	26 970 000	21 950 000
Total Tangible Assets	24 050 000	27 250 000	26 970 000	21 950 000
Total Fiancial Fixed Assets	75 000	67 000	2 682 000	2 678 000
Total Fixed Assets	24 125 000	27 317 000	29 652 000	24 628 000
Stock	3 686 000	3 225 000	1 955 000	1 688 000
Total Investments	0	0	0	0
Cash, Bank	766 000	361 000	1 693 000	2 247 000
Total Current Assets	11 831 000	12 655 000	16 096 000	24 274 000
Total Assets	35 955 000	39 972 000	45 748 000	48 902 000
Total Equity	10 764 000	9 133 000	16 610 000	17 076 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 446 000	20 625 000	23 349 000	19 492 000
Creditors	4 225 000	5 381 000	1 925 000	7 149 000
Unpaid Taxes	1 626 000	1 133 000	1 250 000	3 612 000
Dividends	0	0	0	0
Other Current Debt	2 094 000	3 580 000	2 614 000	1 573 000
Total Current Debt	9 746 000	10 214 000	5 789 000	12 334 000
Total Equity and Debt	35 955 000	39 972 000	45 748 000	48 902 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,15 %	−81,87 %	−2,81 %	31,38 %
Debt-to-Equity Ratio	1,43	2,26	1,41	1,14
Operating Profit Margin	6 %	−14,49 %	2,22 %	17,91 %
Current Ratio	1,21	1,24	2,78	1,97
Quick Ratio	1,95	1,81	4,2	2,28
Equity Ratio	0,3	0,23	0,36	0,35
Gross Profit Margin	76,86 %	69,48 %	72,52 %	69,53 %