ETK NORD AS

8450 STOKMARKNES

Finances

Share Ownership

Return on Equity

−20,89 %

Current Ratio

1,31

Debt-to-Equity Ratio

2,91

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 771 000	1 471 000	3 724 000	1 683 000
Net Income	−174 000	−480 000	517 000	−594 000
Total Assets	4 323 000	3 057 000	3 712 000	2 125 000
Total Equity	833 000	1 007 000	1 487 000	970 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 771 000	1 471 000	3 724 000	1 683 000
Expenditure	2 899 000	1 958 000	3 213 000	2 290 000
Operating Profit	−129 000	−487 000	511 000	−607 000
Financial Income	0	0	17 000	0
Financial Costs	45 000	0	5 000	15 000
Financial Balance	−45 000	0	12 000	−15 000
Earnings Before Tax	−174 000	−487 000	524 000	−622 000
Tax	0	−7 000	7 000	−28 000
Net Income	−174 000	−480 000	517 000	−594 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 935 000	569 000	745 000	659 000
Total Current Assets	1 388 000	2 488 000	2 966 000	1 465 000
Total Assets	4 323 000	3 057 000	3 712 000	2 125 000
Total Retained Equity	583 000	757 000	1 237 000	720 000
Total Equity	833 000	1 007 000	1 487 000	970 000
Total Long-Term Debt	2 427 000	1 549 000	1 141 000	511 000
Total Current Debt	1 063 000	501 000	1 084 000	644 000
Total Equity and Debt	4 323 000	3 057 000	3 712 000	2 125 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 771 000	1 471 000	3 667 000	1 549 000
Other Income	0	0	57 000	134 000
Revenue	2 771 000	1 471 000	3 724 000	1 683 000
Cost of Goods Sold	797 000	245 000	1 542 000	411 000
Salary Costs	1 041 000	928 000	1 117 000	1 281 000
Depreciation	167 000	176 000	154 000	191 000
Impairment	0	0	0	0
Expenditure	2 899 000	1 958 000	3 213 000	2 290 000
Operating Profit	−129 000	−487 000	511 000	−607 000
Financial Income	0	0	17 000	0
Financial Costs	45 000	0	5 000	15 000
Financial Balance	−45 000	0	12 000	−15 000
Dividends	0	0	0	0
Net Income	−174 000	−480 000	517 000	−594 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 471 000	0	0	0
Machinery and Plant Facilities	37 000	77 000	120 000	164 000
Fixtures	427 000	492 000	625 000	495 000
Total Tangible Assets	2 935 000	569 000	745 000	659 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 935 000	569 000	745 000	659 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	352 000	104 000	126 000	89 000
Total Current Assets	1 388 000	2 488 000	2 966 000	1 465 000
Total Assets	4 323 000	3 057 000	3 712 000	2 125 000
Total Equity	833 000	1 007 000	1 487 000	970 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 427 000	1 549 000	1 141 000	511 000
Creditors	139 000	209 000	837 000	16 000
Unpaid Taxes	631 000	50 000	122 000	373 000
Dividends	0	0	0	0
Other Current Debt	293 000	242 000	125 000	254 000
Total Current Debt	1 063 000	501 000	1 084 000	644 000
Total Equity and Debt	4 323 000	3 057 000	3 712 000	2 125 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,89 %	−47,67 %	34,77 %	−61,24 %
Debt-to-Equity Ratio	2,91	1,54	0,77	0,53
Operating Profit Margin	−4,66 %	−33,11 %	13,72 %	−36,07 %
Current Ratio	1,31	4,97	2,74	2,27
Quick Ratio	1,31	4,97	2,74	2,27
Equity Ratio	0,19	0,33	0,4	0,46
Gross Profit Margin	71,24 %	83,34 %	58,59 %	75,58 %