WIRE TECH AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

9,68 %

Current Ratio

10,83

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 700 000	9 390 000	11 791 000	24 009 000
Net Income	501 000	2 454 000	4 286 000	4 306 000
Total Assets	5 667 000	7 571 000	9 181 000	10 654 000
Total Equity	5 173 000	4 672 000	3 218 000	3 252 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 700 000	9 390 000	11 791 000	24 009 000
Expenditure	6 100 000	6 238 000	6 406 000	18 649 000
Operating Profit	600 000	3 151 000	5 384 000	5 359 000
Financial Income	242 000	38 000	135 000	85 000
Financial Costs	219 000	95 000	116 000	36 000
Financial Balance	23 000	−57 000	19 000	49 000
Earnings Before Tax	623 000	3 095 000	5 404 000	5 408 000
Tax	122 000	641 000	1 118 000	1 102 000
Net Income	501 000	2 454 000	4 286 000	4 306 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	318 000	437 000	418 000	604 000
Total Current Assets	5 350 000	7 134 000	8 763 000	10 050 000
Total Assets	5 667 000	7 571 000	9 181 000	10 654 000
Total Retained Equity	5 073 000	4 572 000	3 118 000	3 152 000
Total Equity	5 173 000	4 672 000	3 218 000	3 252 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	494 000	2 899 000	5 963 000	7 402 000
Total Equity and Debt	5 667 000	7 571 000	9 181 000	10 654 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 700 000	9 284 000	11 773 000	23 209 000
Other Income	0	106 000	18 000	800 000
Revenue	6 700 000	9 390 000	11 791 000	24 009 000
Cost of Goods Sold	3 427 000	4 116 000	3 602 000	14 112 000
Salary Costs	1 310 000	771 000	1 316 000	2 358 000
Depreciation	104 000	281 000	360 000	300 000
Impairment	0	0	0	0
Expenditure	6 100 000	6 238 000	6 406 000	18 649 000
Operating Profit	600 000	3 151 000	5 384 000	5 359 000
Financial Income	242 000	38 000	135 000	85 000
Financial Costs	219 000	95 000	116 000	36 000
Financial Balance	23 000	−57 000	19 000	49 000
Dividends	0	1 000 000	4 000 000	4 000 000
Net Income	501 000	2 454 000	4 286 000	4 306 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	109 000	125 000	111 000	77 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	138 000	220 000	300 000	503 000
Fixtures	71 000	93 000	7 000	24 000
Total Tangible Assets	209 000	312 000	307 000	527 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	318 000	437 000	418 000	604 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 263 000	3 938 000	6 360 000	3 317 000
Total Current Assets	5 350 000	7 134 000	8 763 000	10 050 000
Total Assets	5 667 000	7 571 000	9 181 000	10 654 000
Total Equity	5 173 000	4 672 000	3 218 000	3 252 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	340 000	961 000	120 000	703 000
Unpaid Taxes	91 000	329 000	110 000	559 000
Dividends	0	1 000 000	4 000 000	4 000 000
Other Current Debt	139 000	204 000	671 000	1 241 000
Total Current Debt	494 000	2 899 000	5 963 000	7 402 000
Total Equity and Debt	5 667 000	7 571 000	9 181 000	10 654 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,68 %	52,53 %	133,19 %	132,41 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,96 %	33,56 %	45,66 %	22,32 %
Current Ratio	10,83	2,46	1,47	1,36
Quick Ratio	10,83	2,46	1,47	1,36
Equity Ratio	0,91	0,62	0,35	0,31
Gross Profit Margin	48,85 %	56,17 %	69,45 %	41,22 %