TECN AS

6009 ÅLESUND

Finances

Return on Equity

17,24 %

Current Ratio

3,41

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 358 000	3 131 000	3 428 000	3 177 000
Net Income	146 000	−136 000	206 000	244 000
Total Assets	1 145 000	1 228 000	1 496 000	1 161 000
Total Equity	847 000	700 000	836 000	630 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 358 000	3 131 000	3 428 000	3 177 000
Expenditure	3 170 000	3 397 000	3 130 000	2 849 000
Operating Profit	187 000	−266 000	297 000	328 000
Financial Income	0	72 000	1 000	0
Financial Costs	0	0	24 000	11 000
Financial Balance	0	72 000	−23 000	−11 000
Earnings Before Tax	187 000	−194 000	273 000	317 000
Tax	41 000	−58 000	67 000	73 000
Net Income	146 000	−136 000	206 000	244 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	128 000	182 000	64 000	88 000
Total Current Assets	1 017 000	1 046 000	1 432 000	1 073 000
Total Assets	1 145 000	1 228 000	1 496 000	1 161 000
Total Retained Equity	827 000	681 000	817 000	610 000
Total Equity	847 000	700 000	836 000	630 000
Total Long-Term Debt	0	0	8 000	0
Total Current Debt	298 000	528 000	652 000	531 000
Total Equity and Debt	1 145 000	1 228 000	1 496 000	1 161 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 358 000	3 131 000	3 428 000	3 177 000
Other Income	0	0	0	0
Revenue	3 358 000	3 131 000	3 428 000	3 177 000
Cost of Goods Sold	3 097 000	3 196 000	2 969 000	2 140 000
Salary Costs	0	−6 000	10 000	281 000
Depreciation	13 000	4 000	0	0
Impairment	0	0	0	0
Expenditure	3 170 000	3 397 000	3 130 000	2 849 000
Operating Profit	187 000	−266 000	297 000	328 000
Financial Income	0	72 000	1 000	0
Financial Costs	0	0	24 000	11 000
Financial Balance	0	72 000	−23 000	−11 000
Dividends	0	0	0	0
Net Income	146 000	−136 000	206 000	244 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	72 000	113 000	55 000	55 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	47 000	60 000	0	0
Total Tangible Assets	47 000	60 000	0	0
Total Fiancial Fixed Assets	9 000	9 000	9 000	33 000
Total Fixed Assets	128 000	182 000	64 000	88 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	56 000	659 000	786 000	206 000
Total Current Assets	1 017 000	1 046 000	1 432 000	1 073 000
Total Assets	1 145 000	1 228 000	1 496 000	1 161 000
Total Equity	847 000	700 000	836 000	630 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	8 000	0
Creditors	275 000	422 000	244 000	20 000
Unpaid Taxes	23 000	−68 000	147 000	298 000
Dividends	0	0	0	0
Other Current Debt	0	173 000	194 000	85 000
Total Current Debt	298 000	528 000	652 000	531 000
Total Equity and Debt	1 145 000	1 228 000	1 496 000	1 161 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,24 %	−19,43 %	24,64 %	38,73 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	5,57 %	−8,5 %	8,66 %	10,32 %
Current Ratio	3,41	1,98	2,2	2,02
Quick Ratio	3,41	1,98	2,2	2,02
Equity Ratio	0,74	0,57	0,56	0,54
Gross Profit Margin	7,77 %	−2,08 %	13,39 %	32,64 %