CENITECH AS

7300 ORKANGER

Finances

Share Ownership

Return on Equity

33,49 %

Current Ratio

2,43

Debt-to-Equity Ratio

3,76

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 505 000	13 267 000	10 053 000	8 711 000
Net Income	277 000	880 000	156 000	−1 944 000
Total Assets	6 108 000	7 452 000	7 041 000	4 085 000
Total Equity	827 000	504 000	−376 000	−532 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 505 000	13 267 000	10 053 000	8 711 000
Expenditure	10 953 000	11 731 000	9 788 000	10 481 000
Operating Profit	551 000	1 536 000	265 000	−1 770 000
Financial Income	24 000	15 000	23 000	13 000
Financial Costs	276 000	671 000	218 000	194 000
Financial Balance	−252 000	−656 000	−195 000	−181 000
Earnings Before Tax	299 000	880 000	69 000	−1 951 000
Tax	22 000	0	−87 000	−7 000
Net Income	277 000	880 000	156 000	−1 944 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	834 000	1 265 000	1 742 000	862 000
Total Current Assets	5 274 000	6 187 000	5 299 000	3 223 000
Total Assets	6 108 000	7 452 000	7 041 000	4 085 000
Total Retained Equity	−84 000	−407 000	−1 287 000	−1 443 000
Total Equity	827 000	504 000	−376 000	−532 000
Total Long-Term Debt	3 113 000	4 887 000	5 679 000	3 640 000
Total Current Debt	2 167 000	2 061 000	1 738 000	977 000
Total Equity and Debt	6 108 000	7 452 000	7 041 000	4 085 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 253 000	13 158 000	9 622 000	8 127 000
Other Income	252 000	109 000	431 000	584 000
Revenue	11 505 000	13 267 000	10 053 000	8 711 000
Cost of Goods Sold	1 449 000	2 489 000	1 559 000	1 412 000
Salary Costs	6 833 000	6 241 000	5 114 000	4 581 000
Depreciation	213 000	180 000	115 000	99 000
Impairment	0	0	0	0
Expenditure	10 953 000	11 731 000	9 788 000	10 481 000
Operating Profit	551 000	1 536 000	265 000	−1 770 000
Financial Income	24 000	15 000	23 000	13 000
Financial Costs	276 000	671 000	218 000	194 000
Financial Balance	−252 000	−656 000	−195 000	−181 000
Dividends	0	0	0	0
Net Income	277 000	880 000	156 000	−1 944 000

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	527 000	1 209 000	1 180 000	68 000
Fixtures	302 000	42 000	42 000	265 000
Total Tangible Assets	829 000	1 250 000	1 222 000	333 000
Total Fiancial Fixed Assets	5 000	15 000	520 000	530 000
Total Fixed Assets	834 000	1 265 000	1 742 000	862 000
Stock	1 464 000	1 449 000	1 924 000	1 653 000
Total Investments	0	0	0	0
Cash, Bank	1 954 000	2 278 000	1 703 000	971 000
Total Current Assets	5 274 000	6 187 000	5 299 000	3 223 000
Total Assets	6 108 000	7 452 000	7 041 000	4 085 000
Total Equity	827 000	504 000	−376 000	−532 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 113 000	4 887 000	5 679 000	3 640 000
Creditors	240 000	492 000	387 000	107 000
Unpaid Taxes	1 163 000	802 000	703 000	242 000
Dividends	0	0	0	0
Other Current Debt	764 000	767 000	648 000	627 000
Total Current Debt	2 167 000	2 061 000	1 738 000	977 000
Total Equity and Debt	6 108 000	7 452 000	7 041 000	4 085 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,49 %	174,6 %	−41,49 %	365,41 %
Debt-to-Equity Ratio	3,76	9,7	−15,1	−6,84
Operating Profit Margin	4,79 %	11,58 %	2,64 %	−20,32 %
Current Ratio	2,43	3	3,05	3,3
Quick Ratio	7,5	10,11	−28,49	−4,77
Equity Ratio	0,14	0,07	−0,05	−0,13
Gross Profit Margin	87,41 %	81,24 %	84,49 %	83,79 %