HITEC PROFESSIONAL CYCLING AS

4330 ÅLGÅRD

Finances

Share Ownership

Return on Equity

−12,98 %

Current Ratio

4,02

Debt-to-Equity Ratio

−1,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 549 000	2 354 000	1 604 000	1 662 000
Net Income	586 000	−100 000	−99 000	−257 000
Total Assets	1 319 000	32 000	262 000	98 000
Total Equity	−4 516 000	−5 102 000	−5 002 000	−4 903 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 549 000	2 354 000	1 604 000	1 662 000
Expenditure	4 966 000	2 452 000	1 705 000	1 919 000
Operating Profit	583 000	−98 000	−101 000	−257 000
Financial Income	4 000	1 000	4 000	1 000
Financial Costs	2 000	3 000	2 000	0
Financial Balance	2 000	−2 000	2 000	1 000
Earnings Before Tax	586 000	−100 000	−99 000	−257 000
Tax	0	0	0	0
Net Income	586 000	−100 000	−99 000	−257 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 319 000	32 000	262 000	98 000
Total Assets	1 319 000	32 000	262 000	98 000
Total Retained Equity	−4 821 000	−5 407 000	−5 307 000	−5 208 000
Total Equity	−4 516 000	−5 102 000	−5 002 000	−4 903 000
Total Long-Term Debt	5 507 000	5 111 000	4 599 000	4 707 000
Total Current Debt	328 000	23 000	665 000	294 000
Total Equity and Debt	1 319 000	32 000	262 000	98 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 549 000	2 354 000	1 563 000	1 648 000
Other Income	0	0	40 000	15 000
Revenue	5 549 000	2 354 000	1 604 000	1 662 000
Cost of Goods Sold	4 806 000	2 290 000	1 479 000	1 706 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 966 000	2 452 000	1 705 000	1 919 000
Operating Profit	583 000	−98 000	−101 000	−257 000
Financial Income	4 000	1 000	4 000	1 000
Financial Costs	2 000	3 000	2 000	0
Financial Balance	2 000	−2 000	2 000	1 000
Dividends	0	0	0	0
Net Income	586 000	−100 000	−99 000	−257 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 000	32 000	126 000	1 000
Total Current Assets	1 319 000	32 000	262 000	98 000
Total Assets	1 319 000	32 000	262 000	98 000
Total Equity	−4 516 000	−5 102 000	−5 002 000	−4 903 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 507 000	5 111 000	4 599 000	4 707 000
Creditors	126 000	7 000	435 000	55 000
Unpaid Taxes	202 000	16 000	0	20 000
Dividends	0	0	0	0
Other Current Debt	0	0	230 000	219 000
Total Current Debt	328 000	23 000	665 000	294 000
Total Equity and Debt	1 319 000	32 000	262 000	98 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,98 %	1,96 %	1,98 %	5,24 %
Debt-to-Equity Ratio	−1,22	−1	−0,92	−0,96
Operating Profit Margin	10,51 %	−4,16 %	−6,3 %	−15,46 %
Current Ratio	4,02	1,39	0,39	0,33
Quick Ratio	4,02	1,39	0,39	0,33
Equity Ratio	−3,42	−159,44	−19,09	−50,03
Gross Profit Margin	13,39 %	2,72 %	7,79 %	−2,65 %