FUELTECH SOLUTIONS AS

7018 TRONDHEIM

Finances

Share Ownership

Return on Equity

13,68 %

Current Ratio

0,46

Debt-to-Equity Ratio

0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 544 000	21 227 000	21 770 000	18 107 000
Net Income	4 406 000	6 780 000	7 756 000	21 724 000
Total Assets	53 001 000	48 361 000	38 724 000	35 014 000
Total Equity	32 208 000	21 161 000	15 149 000	12 494 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 544 000	21 227 000	21 770 000	18 107 000
Expenditure	11 932 000	13 483 000	13 153 000	4 899 000
Operating Profit	6 612 000	7 745 000	8 618 000	13 209 000
Financial Income	898 000	1 287 000	692 000	14 745 000
Financial Costs	2 042 000	399 000	−160 000	103 000
Financial Balance	−1 144 000	888 000	852 000	14 642 000
Earnings Before Tax	5 468 000	8 633 000	9 471 000	27 850 000
Tax	1 062 000	1 853 000	1 714 000	6 126 000
Net Income	4 406 000	6 780 000	7 756 000	21 724 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	49 741 000	45 773 000	36 972 000	34 658 000
Total Current Assets	3 260 000	2 589 000	1 752 000	356 000
Total Assets	53 001 000	48 361 000	38 724 000	35 014 000
Total Retained Equity	31 108 000	20 061 000	14 049 000	11 394 000
Total Equity	32 208 000	21 161 000	15 149 000	12 494 000
Total Long-Term Debt	13 741 000	16 820 000	3 654 000	2 950 000
Total Current Debt	7 052 000	10 381 000	19 921 000	19 569 000
Total Equity and Debt	53 001 000	48 361 000	38 724 000	35 014 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 424 000	20 747 000	19 605 000	18 107 000
Other Income	1 120 000	480 000	2 165 000	0
Revenue	18 544 000	21 227 000	21 770 000	18 107 000
Cost of Goods Sold	7 176 000	7 500 000	6 439 000	1 591 000
Salary Costs	2 205 000	2 718 000	2 424 000	1 270 000
Depreciation	56 000	61 000	47 000	41 000
Impairment	0	0	0	0
Expenditure	11 932 000	13 483 000	13 153 000	4 899 000
Operating Profit	6 612 000	7 745 000	8 618 000	13 209 000
Financial Income	898 000	1 287 000	692 000	14 745 000
Financial Costs	2 042 000	399 000	−160 000	103 000
Financial Balance	−1 144 000	888 000	852 000	14 642 000
Dividends	0	0	0	0
Net Income	4 406 000	6 780 000	7 756 000	21 724 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	17 000	13 000	13 000	18 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	43 000	58 000	73 000	0
Fixtures	31 000	55 000	89 000	83 000
Total Tangible Assets	74 000	113 000	161 000	83 000
Total Fiancial Fixed Assets	49 650 000	45 647 000	36 798 000	34 556 000
Total Fixed Assets	49 741 000	45 773 000	36 972 000	34 658 000
Stock	38 000	55 000	88 000	66 000
Total Investments	0	0	0	0
Cash, Bank	304 000	2 008 000	1 274 000	84 000
Total Current Assets	3 260 000	2 589 000	1 752 000	356 000
Total Assets	53 001 000	48 361 000	38 724 000	35 014 000
Total Equity	32 208 000	21 161 000	15 149 000	12 494 000
Short-Term Group Debt	963 000	985 000	6 540 000	15 156 000
Total Long-Term Debt	13 741 000	16 820 000	3 654 000	2 950 000
Creditors	2 881 000	837 000	7 122 000	3 227 000
Unpaid Taxes	755 000	3 399 000	4 150 000	359 000
Dividends	0	0	0	0
Other Current Debt	1 599 000	3 423 000	1 840 000	827 000
Total Current Debt	7 052 000	10 381 000	19 921 000	19 569 000
Total Equity and Debt	53 001 000	48 361 000	38 724 000	35 014 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,68 %	32,04 %	51,2 %	173,88 %
Debt-to-Equity Ratio	0,43	0,79	0,24	0,24
Operating Profit Margin	35,66 %	36,49 %	39,59 %	72,95 %
Current Ratio	0,46	0,25	0,09	0,02
Quick Ratio	0,46	0,25	0,09	0,02
Equity Ratio	0,61	0,44	0,39	0,36
Gross Profit Margin	61,3 %	64,67 %	70,42 %	91,21 %