SECTECH AS

3725 SKIEN

Finances

Share Ownership

Return on Equity

76,52 %

Current Ratio

1,18

Debt-to-Equity Ratio

2,54

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 748 000	30 869 000	25 933 000	37 115 000
Net Income	870 000	1 530 000	−3 447 000	356 000
Total Assets	13 306 000	11 453 000	9 120 000	12 047 000
Total Equity	1 137 000	267 000	−2 264 000	1 183 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 748 000	30 869 000	25 933 000	37 115 000
Expenditure	31 505 000	30 399 000	29 188 000	36 499 000
Operating Profit	1 243 000	469 000	−3 255 000	616 000
Financial Income	19 000	4 000	10 000	23 000
Financial Costs	146 000	225 000	201 000	282 000
Financial Balance	−127 000	−221 000	−191 000	−259 000
Earnings Before Tax	1 116 000	249 000	−3 447 000	356 000
Tax	246 000	−1 281 000	0	0
Net Income	870 000	1 530 000	−3 447 000	356 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 367 000	2 170 000	670 000	838 000
Total Current Assets	10 939 000	9 284 000	8 450 000	11 209 000
Total Assets	13 306 000	11 453 000	9 120 000	12 047 000
Total Retained Equity	−2 071 000	−2 941 000	−4 472 000	−1 025 000
Total Equity	1 137 000	267 000	−2 264 000	1 183 000
Total Long-Term Debt	2 886 000	3 059 000	3 805 000	2 502 000
Total Current Debt	9 283 000	8 128 000	7 579 000	8 362 000
Total Equity and Debt	13 306 000	11 453 000	9 120 000	12 047 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 535 000	30 636 000	25 292 000	36 935 000
Other Income	213 000	232 000	641 000	181 000
Revenue	32 748 000	30 869 000	25 933 000	37 115 000
Cost of Goods Sold	10 403 000	12 457 000	11 659 000	12 655 000
Salary Costs	15 946 000	11 987 000	12 764 000	18 348 000
Depreciation	216 000	240 000	253 000	291 000
Impairment	0	0	0	0
Expenditure	31 505 000	30 399 000	29 188 000	36 499 000
Operating Profit	1 243 000	469 000	−3 255 000	616 000
Financial Income	19 000	4 000	10 000	23 000
Financial Costs	146 000	225 000	201 000	282 000
Financial Balance	−127 000	−221 000	−191 000	−259 000
Dividends	0	0	0	0
Net Income	870 000	1 530 000	−3 447 000	356 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 047 000	1 309 000	43 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 306 000	861 000	587 000	787 000
Total Tangible Assets	1 306 000	861 000	587 000	787 000
Total Fiancial Fixed Assets	14 000	0	41 000	51 000
Total Fixed Assets	2 367 000	2 170 000	670 000	838 000
Stock	875 000	1 166 000	1 402 000	4 434 000
Total Investments	0	0	0	0
Cash, Bank	1 758 000	744 000	318 000	499 000
Total Current Assets	10 939 000	9 284 000	8 450 000	11 209 000
Total Assets	13 306 000	11 453 000	9 120 000	12 047 000
Total Equity	1 137 000	267 000	−2 264 000	1 183 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 886 000	3 059 000	3 805 000	2 502 000
Creditors	2 741 000	2 332 000	2 529 000	1 843 000
Unpaid Taxes	2 668 000	2 013 000	2 407 000	2 211 000
Dividends	0	0	0	0
Other Current Debt	3 874 000	3 784 000	2 169 000	2 928 000
Total Current Debt	9 283 000	8 128 000	7 579 000	8 362 000
Total Equity and Debt	13 306 000	11 453 000	9 120 000	12 047 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,52 %	573,03 %	152,25 %	30,09 %
Debt-to-Equity Ratio	2,54	11,46	−1,68	2,11
Operating Profit Margin	3,8 %	1,52 %	−12,55 %	1,66 %
Current Ratio	1,18	1,14	1,11	1,34
Quick Ratio	1,3	1,33	1,37	2,85
Equity Ratio	0,09	0,02	−0,25	0,1
Gross Profit Margin	68,23 %	59,65 %	55,04 %	65,9 %