DEMOTEC AS

3261 LARVIK

Finances

Share Ownership

Return on Equity

34,38 %

Current Ratio

0,67

Debt-to-Equity Ratio

−0,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 313 000	16 499 000	13 171 000	10 504 000
Net Income	−469 000	−1 164 000	346 000	592 000
Total Assets	4 408 000	5 331 000	3 882 000	4 200 000
Total Equity	−1 364 000	−896 000	268 000	−78 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 313 000	16 499 000	13 171 000	10 504 000
Expenditure	20 673 000	17 697 000	12 725 000	9 840 000
Operating Profit	−360 000	−1 198 000	446 000	664 000
Financial Income	0	0	1 000	2 000
Financial Costs	109 000	29 000	37 000	75 000
Financial Balance	−109 000	−29 000	−36 000	−73 000
Earnings Before Tax	−469 000	−1 227 000	409 000	592 000
Tax	0	−63 000	63 000	0
Net Income	−469 000	−1 164 000	346 000	592 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	740 000	882 000	1 085 000	1 093 000
Total Current Assets	3 668 000	4 449 000	2 797 000	3 107 000
Total Assets	4 408 000	5 331 000	3 882 000	4 200 000
Total Retained Equity	−1 394 000	−926 000	238 000	−108 000
Total Equity	−1 364 000	−896 000	268 000	−78 000
Total Long-Term Debt	298 000	371 000	508 000	492 000
Total Current Debt	5 474 000	5 855 000	3 106 000	3 786 000
Total Equity and Debt	4 408 000	5 331 000	3 882 000	4 200 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 392 000	16 381 000	12 865 000	11 488 000
Other Income	−78 000	119 000	305 000	−983 000
Revenue	20 313 000	16 499 000	13 171 000	10 504 000
Cost of Goods Sold	7 205 000	4 024 000	2 225 000	1 691 000
Salary Costs	8 388 000	8 821 000	6 554 000	5 129 000
Depreciation	205 000	200 000	199 000	163 000
Impairment	0	0	0	0
Expenditure	20 673 000	17 697 000	12 725 000	9 840 000
Operating Profit	−360 000	−1 198 000	446 000	664 000
Financial Income	0	0	1 000	2 000
Financial Costs	109 000	29 000	37 000	75 000
Financial Balance	−109 000	−29 000	−36 000	−73 000
Dividends	0	0	0	0
Net Income	−469 000	−1 164 000	346 000	592 000

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	387 000	450 000	547 000	632 000
Fixtures	272 000	324 000	402 000	298 000
Total Tangible Assets	659 000	774 000	949 000	930 000
Total Fiancial Fixed Assets	81 000	109 000	136 000	163 000
Total Fixed Assets	740 000	882 000	1 085 000	1 093 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	209 000	480 000	768 000	145 000
Total Current Assets	3 668 000	4 449 000	2 797 000	3 107 000
Total Assets	4 408 000	5 331 000	3 882 000	4 200 000
Total Equity	−1 364 000	−896 000	268 000	−78 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	298 000	371 000	508 000	492 000
Creditors	2 582 000	2 652 000	968 000	802 000
Unpaid Taxes	1 046 000	1 615 000	892 000	913 000
Dividends	0	0	0	0
Other Current Debt	1 587 000	1 588 000	1 247 000	1 506 000
Total Current Debt	5 474 000	5 855 000	3 106 000	3 786 000
Total Equity and Debt	4 408 000	5 331 000	3 882 000	4 200 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,38 %	129,91 %	129,1 %	−758,97 %
Debt-to-Equity Ratio	−0,22	−0,41	1,9	−6,31
Operating Profit Margin	−1,77 %	−7,26 %	3,39 %	6,32 %
Current Ratio	0,67	0,76	0,9	0,82
Quick Ratio	0,67	0,76	0,9	0,82
Equity Ratio	−0,31	−0,17	0,07	−0,02
Gross Profit Margin	64,53 %	75,61 %	83,11 %	83,9 %