NORTEC AS

7500 STJØRDAL

Finances

Share Ownership

Return on Equity

−2,22 %

Current Ratio

2,54

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 312 000	14 906 000	13 335 000	12 382 000
Net Income	−78 000	637 000	464 000	370 000
Total Assets	6 543 000	6 890 000	6 424 000	6 137 000
Total Equity	3 508 000	4 485 000	4 289 000	3 885 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 312 000	14 906 000	13 335 000	12 382 000
Expenditure	14 395 000	14 273 000	12 749 000	11 908 000
Operating Profit	−82 000	633 000	587 000	474 000
Financial Income	17 000	4 000	8 000	11 000
Financial Costs	35 000	13 000	10 000	11 000
Financial Balance	−18 000	−9 000	−2 000	0
Earnings Before Tax	−100 000	624 000	585 000	474 000
Tax	−22 000	−13 000	121 000	104 000
Net Income	−78 000	637 000	464 000	370 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	644 000	329 000	206 000	4 000
Total Current Assets	5 899 000	6 561 000	6 218 000	6 133 000
Total Assets	6 543 000	6 890 000	6 424 000	6 137 000
Total Retained Equity	3 008 000	3 985 000	3 789 000	3 385 000
Total Equity	3 508 000	4 485 000	4 289 000	3 885 000
Total Long-Term Debt	710 000	296 000	0	0
Total Current Debt	2 326 000	2 108 000	2 135 000	2 252 000
Total Equity and Debt	6 543 000	6 890 000	6 424 000	6 137 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 312 000	14 906 000	13 335 000	12 382 000
Other Income	0	0	0	0
Revenue	14 312 000	14 906 000	13 335 000	12 382 000
Cost of Goods Sold	9 026 000	9 366 000	8 582 000	7 750 000
Salary Costs	4 311 000	4 003 000	3 327 000	3 370 000
Depreciation	82 000	34 000	7 000	3 000
Impairment	0	0	0	0
Expenditure	14 395 000	14 273 000	12 749 000	11 908 000
Operating Profit	−82 000	633 000	587 000	474 000
Financial Income	17 000	4 000	8 000	11 000
Financial Costs	35 000	13 000	10 000	11 000
Financial Balance	−18 000	−9 000	−2 000	0
Dividends	500 000	300 000	0	0
Net Income	−78 000	637 000	464 000	370 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	43 000	21 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	1 000	4 000
Fixtures	601 000	308 000	105 000	0
Total Tangible Assets	601 000	308 000	106 000	4 000
Total Fiancial Fixed Assets	0	0	100 000	0
Total Fixed Assets	644 000	329 000	206 000	4 000
Stock	2 850 000	2 485 000	2 198 000	2 231 000
Total Investments	0	0	0	0
Cash, Bank	668 000	1 248 000	1 006 000	780 000
Total Current Assets	5 899 000	6 561 000	6 218 000	6 133 000
Total Assets	6 543 000	6 890 000	6 424 000	6 137 000
Total Equity	3 508 000	4 485 000	4 289 000	3 885 000
Short-Term Group Debt	0	51 000	76 000	96 000
Total Long-Term Debt	710 000	296 000	0	0
Creditors	826 000	703 000	542 000	592 000
Unpaid Taxes	501 000	571 000	407 000	510 000
Dividends	500 000	300 000	0	0
Other Current Debt	499 000	477 000	1 004 000	970 000
Total Current Debt	2 326 000	2 108 000	2 135 000	2 252 000
Total Equity and Debt	6 543 000	6 890 000	6 424 000	6 137 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,22 %	14,2 %	10,82 %	9,52 %
Debt-to-Equity Ratio	0,2	0,07	0	0
Operating Profit Margin	−0,57 %	4,25 %	4,4 %	3,83 %
Current Ratio	2,54	3,11	2,91	2,72
Quick Ratio	−11,26	−17,4	−98,7	292,05
Equity Ratio	0,54	0,65	0,67	0,63
Gross Profit Margin	36,93 %	37,17 %	35,64 %	37,41 %