ICETECH NORGE AS

4560 VANSE

Finances

Share Ownership

Return on Equity

97,61 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 137 000	9 931 000	8 036 000	7 087 000
Net Income	1 962 000	1 606 000	1 075 000	632 000
Total Assets	5 816 000	5 893 000	5 848 000	6 646 000
Total Equity	2 010 000	2 169 000	2 288 000	2 392 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 137 000	9 931 000	8 036 000	7 087 000
Expenditure	7 646 000	7 870 000	6 556 000	6 184 000
Operating Profit	2 491 000	2 062 000	1 478 000	904 000
Financial Income	25 000	1 000	1 000	2 000
Financial Costs	1 000	3 000	101 000	92 000
Financial Balance	24 000	−2 000	−100 000	−90 000
Earnings Before Tax	2 515 000	2 060 000	1 378 000	813 000
Tax	553 000	454 000	303 000	181 000
Net Income	1 962 000	1 606 000	1 075 000	632 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 726 000	2 154 000	2 799 000	3 296 000
Total Current Assets	4 090 000	3 739 000	3 049 000	3 350 000
Total Assets	5 816 000	5 893 000	5 848 000	6 646 000
Total Retained Equity	1 580 000	1 739 000	1 858 000	1 962 000
Total Equity	2 010 000	2 169 000	2 288 000	2 392 000
Total Long-Term Debt	0	0	0	2 454 000
Total Current Debt	3 806 000	3 723 000	3 560 000	1 800 000
Total Equity and Debt	5 816 000	5 893 000	5 848 000	6 646 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 187 000	9 086 000	7 319 000	6 303 000
Other Income	951 000	845 000	717 000	784 000
Revenue	10 137 000	9 931 000	8 036 000	7 087 000
Cost of Goods Sold	1 878 000	1 569 000	2 025 000	1 584 000
Salary Costs	1 645 000	1 543 000	982 000	966 000
Depreciation	471 000	538 000	493 000	484 000
Impairment	0	0	0	0
Expenditure	7 646 000	7 870 000	6 556 000	6 184 000
Operating Profit	2 491 000	2 062 000	1 478 000	904 000
Financial Income	25 000	1 000	1 000	2 000
Financial Costs	1 000	3 000	101 000	92 000
Financial Balance	24 000	−2 000	−100 000	−90 000
Dividends	0	0	0	0
Net Income	1 962 000	1 606 000	1 075 000	632 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	80 000	36 000	3 000	0
Real Eastate	1 379 000	1 466 000	1 552 000	1 638 000
Machinery and Plant Facilities	211 000	584 000	1 069 000	1 420 000
Fixtures	55 000	49 000	57 000	38 000
Total Tangible Assets	1 645 000	2 099 000	2 678 000	3 096 000
Total Fiancial Fixed Assets	0	20 000	119 000	200 000
Total Fixed Assets	1 726 000	2 154 000	2 799 000	3 296 000
Stock	116 000	39 000	263 000	183 000
Total Investments	0	0	0	0
Cash, Bank	53 000	47 000	39 000	732 000
Total Current Assets	4 090 000	3 739 000	3 049 000	3 350 000
Total Assets	5 816 000	5 893 000	5 848 000	6 646 000
Total Equity	2 010 000	2 169 000	2 288 000	2 392 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	2 454 000
Creditors	696 000	685 000	368 000	648 000
Unpaid Taxes	200 000	382 000	179 000	242 000
Dividends	0	0	0	0
Other Current Debt	2 909 000	2 657 000	3 013 000	909 000
Total Current Debt	3 806 000	3 723 000	3 560 000	1 800 000
Total Equity and Debt	5 816 000	5 893 000	5 848 000	6 646 000

Financial indicators	2022	2021	2020	2019
Return on Equity	97,61 %	74,04 %	46,98 %	26,42 %
Debt-to-Equity Ratio	0	0	0	1,03
Operating Profit Margin	24,57 %	20,76 %	18,39 %	12,76 %
Current Ratio	1,07	1	0,86	1,86
Quick Ratio	1,11	1,01	0,92	2,07
Equity Ratio	0,35	0,37	0,39	0,36
Gross Profit Margin	81,47 %	84,2 %	74,8 %	77,65 %