OFFTECH AS

4051 SOLA

Finances

Return on Equity

283,05 %

Current Ratio

1,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 412 000	1 791 000	1 547 000	778 000
Net Income	835 000	1 209 000	1 142 000	541 000
Total Assets	1 595 000	1 936 000	1 768 000	810 000
Total Equity	295 000	210 000	101 000	59 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 412 000	1 791 000	1 547 000	778 000
Expenditure	328 000	235 000	80 000	86 000
Operating Profit	1 085 000	1 556 000	1 467 000	691 000
Financial Income	0	0	0	0
Financial Costs	0	0	2 000	1 000
Financial Balance	0	0	−2 000	−1 000
Earnings Before Tax	1 085 000	1 556 000	1 465 000	690 000
Tax	249 000	347 000	323 000	150 000
Net Income	835 000	1 209 000	1 142 000	541 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 000	29 000	29 000	29 000
Total Current Assets	1 565 000	1 907 000	1 739 000	780 000
Total Assets	1 595 000	1 936 000	1 768 000	810 000
Total Retained Equity	279 000	194 000	85 000	43 000
Total Equity	295 000	210 000	101 000	59 000
Total Long-Term Debt	1 000	1 000	31 000	30 000
Total Current Debt	1 298 000	1 725 000	1 637 000	721 000
Total Equity and Debt	1 595 000	1 936 000	1 768 000	810 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 412 000	1 791 000	1 547 000	778 000
Other Income	0	0	0	0
Revenue	1 412 000	1 791 000	1 547 000	778 000
Cost of Goods Sold	0	17 000	4 000	0
Salary Costs	9 000	4 000	5 000	3 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	328 000	235 000	80 000	86 000
Operating Profit	1 085 000	1 556 000	1 467 000	691 000
Financial Income	0	0	0	0
Financial Costs	0	0	2 000	1 000
Financial Balance	0	0	−2 000	−1 000
Dividends	750 000	1 100 000	1 100 000	498 000
Net Income	835 000	1 209 000	1 142 000	541 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	29 000	29 000	29 000	29 000
Total Fixed Assets	29 000	29 000	29 000	29 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	156 000	560 000	1 306 000	541 000
Total Current Assets	1 565 000	1 907 000	1 739 000	780 000
Total Assets	1 595 000	1 936 000	1 768 000	810 000
Total Equity	295 000	210 000	101 000	59 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	1 000	31 000	30 000
Creditors	0	3 000	0	0
Unpaid Taxes	299 000	276 000	212 000	73 000
Dividends	750 000	1 100 000	1 100 000	498 000
Other Current Debt	0	0	1 000	1 000
Total Current Debt	1 298 000	1 725 000	1 637 000	721 000
Total Equity and Debt	1 595 000	1 936 000	1 768 000	810 000

Financial indicators	2022	2021	2020	2019
Return on Equity	283,05 %	575,71 %	1 130,69 %	916,95 %
Debt-to-Equity Ratio	0	0	0,31	0,51
Operating Profit Margin	76,84 %	86,88 %	94,83 %	88,82 %
Current Ratio	1,21	1,11	1,06	1,08
Quick Ratio	1,21	1,11	1,06	1,08
Equity Ratio	0,18	0,11	0,06	0,07
Gross Profit Margin	100 %	99,05 %	99,74 %	100 %