ØKOTECH AS

7290 STØREN

Finances

Return on Equity

24,63 %

Current Ratio

4,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 868 000	21 530 000	19 894 000	18 506 000
Net Income	3 373 000	2 065 000	1 595 000	567 000
Total Assets	17 624 000	12 712 000	11 464 000	9 539 000
Total Equity	13 696 000	10 323 000	8 258 000	6 663 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 868 000	21 530 000	19 894 000	18 506 000
Expenditure	20 698 000	19 073 000	17 608 000	18 474 000
Operating Profit	4 321 000	2 643 000	2 045 000	706 000
Financial Income	7 000	19 000	21 000	27 000
Financial Costs	3 000	15 000	21 000	5 000
Financial Balance	4 000	4 000	0	22 000
Earnings Before Tax	4 325 000	2 647 000	2 045 000	727 000
Tax	952 000	582 000	450 000	160 000
Net Income	3 373 000	2 065 000	1 595 000	567 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	513 000	625 000	688 000	756 000
Total Current Assets	17 111 000	12 087 000	10 776 000	8 783 000
Total Assets	17 624 000	12 712 000	11 464 000	9 539 000
Total Retained Equity	13 496 000	10 123 000	8 058 000	6 463 000
Total Equity	13 696 000	10 323 000	8 258 000	6 663 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 927 000	2 389 000	3 206 000	2 876 000
Total Equity and Debt	17 624 000	12 712 000	11 464 000	9 539 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 850 000	21 516 000	19 885 000	18 489 000
Other Income	18 000	14 000	9 000	17 000
Revenue	23 868 000	21 530 000	19 894 000	18 506 000
Cost of Goods Sold	12 460 000	12 327 000	11 320 000	11 963 000
Salary Costs	5 857 000	4 650 000	4 267 000	4 412 000
Depreciation	125 000	230 000	260 000	260 000
Impairment	0	0	0	0
Expenditure	20 698 000	19 073 000	17 608 000	18 474 000
Operating Profit	4 321 000	2 643 000	2 045 000	706 000
Financial Income	7 000	19 000	21 000	27 000
Financial Costs	3 000	15 000	21 000	5 000
Financial Balance	4 000	4 000	0	22 000
Dividends	0	0	0	0
Net Income	3 373 000	2 065 000	1 595 000	567 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	112 000	100 000	82 000	55 000
Real Eastate	0	0	165 000	0
Machinery and Plant Facilities	9 000	44 000	99 000	169 000
Fixtures	391 000	481 000	342 000	531 000
Total Tangible Assets	399 000	524 000	605 000	700 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	513 000	625 000	688 000	756 000
Stock	5 656 000	4 504 000	4 318 000	4 559 000
Total Investments	0	0	0	0
Cash, Bank	6 296 000	5 636 000	4 204 000	1 369 000
Total Current Assets	17 111 000	12 087 000	10 776 000	8 783 000
Total Assets	17 624 000	12 712 000	11 464 000	9 539 000
Total Equity	13 696 000	10 323 000	8 258 000	6 663 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 168 000	638 000	1 648 000	1 636 000
Unpaid Taxes	1 298 000	758 000	704 000	707 000
Dividends	0	0	0	0
Other Current Debt	496 000	393 000	377 000	368 000
Total Current Debt	3 927 000	2 389 000	3 206 000	2 876 000
Total Equity and Debt	17 624 000	12 712 000	11 464 000	9 539 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,63 %	20 %	19,31 %	8,51 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	18,1 %	12,28 %	10,28 %	3,81 %
Current Ratio	4,36	5,06	3,36	3,05
Quick Ratio	−9,9	−5,71	−9,69	−5,22
Equity Ratio	0,78	0,81	0,72	0,7
Gross Profit Margin	47,8 %	42,75 %	43,1 %	35,36 %