DENSIQ AS

4313 SANDNES

Finances

Share Ownership

Return on Equity

31,96 %

Current Ratio

1,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	54 698 000	41 297 000	42 510 000	50 834 000
Net Income	3 369 000	−204 000	−526 000	1 362 000
Total Assets	29 217 000	20 668 000	20 786 000	22 478 000
Total Equity	10 540 000	7 171 000	7 375 000	7 901 000

Income (NOK)	2022	2021	2020	2019
Revenue	54 698 000	41 297 000	42 510 000	50 834 000
Expenditure	50 161 000	41 536 000	42 848 000	48 957 000
Operating Profit	4 538 000	−240 000	−339 000	1 877 000
Financial Income	90 000	112 000	15 000	92 000
Financial Costs	301 000	127 000	343 000	218 000
Financial Balance	−211 000	−15 000	−328 000	−126 000
Earnings Before Tax	4 327 000	−255 000	−667 000	1 751 000
Tax	957 000	−51 000	−141 000	389 000
Net Income	3 369 000	−204 000	−526 000	1 362 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 500 000	1 837 000	2 231 000	2 458 000
Total Current Assets	27 717 000	18 832 000	18 555 000	20 020 000
Total Assets	29 217 000	20 668 000	20 786 000	22 478 000
Total Retained Equity	6 821 000	3 451 000	3 655 000	4 181 000
Total Equity	10 540 000	7 171 000	7 375 000	7 901 000
Total Long-Term Debt	47 000	25 000	76 000	0
Total Current Debt	18 630 000	13 472 000	13 335 000	14 577 000
Total Equity and Debt	29 217 000	20 668 000	20 786 000	22 478 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 424 000	40 156 000	41 364 000	49 989 000
Other Income	1 275 000	1 141 000	1 146 000	844 000
Revenue	54 698 000	41 297 000	42 510 000	50 834 000
Cost of Goods Sold	22 679 000	17 345 000	19 605 000	22 890 000
Salary Costs	16 323 000	14 123 000	13 878 000	17 141 000
Depreciation	433 000	498 000	511 000	445 000
Impairment	0	0	0	0
Expenditure	50 161 000	41 536 000	42 848 000	48 957 000
Operating Profit	4 538 000	−240 000	−339 000	1 877 000
Financial Income	90 000	112 000	15 000	92 000
Financial Costs	301 000	127 000	343 000	218 000
Financial Balance	−211 000	−15 000	−328 000	−126 000
Dividends	0	0	0	0
Net Income	3 369 000	−204 000	−526 000	1 362 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	77 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	1 525 000	1 731 000	1 953 000
Fixtures	1 500 000	312 000	501 000	428 000
Total Tangible Assets	1 500 000	1 837 000	2 231 000	2 381 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 500 000	1 837 000	2 231 000	2 458 000
Stock	14 624 000	12 459 000	10 741 000	10 386 000
Total Investments	0	0	0	0
Cash, Bank	792 000	579 000	24 000	1 394 000
Total Current Assets	27 717 000	18 832 000	18 555 000	20 020 000
Total Assets	29 217 000	20 668 000	20 786 000	22 478 000
Total Equity	10 540 000	7 171 000	7 375 000	7 901 000
Short-Term Group Debt	6 048 000	7 757 000	9 594 000	9 035 000
Total Long-Term Debt	47 000	25 000	76 000	0
Creditors	5 836 000	1 149 000	571 000	2 092 000
Unpaid Taxes	3 497 000	2 312 000	1 737 000	1 589 000
Dividends	0	0	0	0
Other Current Debt	2 313 000	2 254 000	1 433 000	1 493 000
Total Current Debt	18 630 000	13 472 000	13 335 000	14 577 000
Total Equity and Debt	29 217 000	20 668 000	20 786 000	22 478 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,96 %	−2,84 %	−7,13 %	17,24 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	8,3 %	−0,58 %	−0,8 %	3,69 %
Current Ratio	1,49	1,4	1,39	1,37
Quick Ratio	6,92	18,59	7,15	4,78
Equity Ratio	0,36	0,35	0,35	0,35
Gross Profit Margin	58,54 %	58 %	53,88 %	54,97 %