ITEC EIENDOM AS

3270 LARVIK

Finances

Share Ownership

Return on Equity

38,35 %

Current Ratio

1,22

Debt-to-Equity Ratio

14,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 422 000	2 300 000	1 725 000	0
Net Income	584 000	678 000	256 000	−42 000
Total Assets	24 120 000	24 480 000	26 737 000	21 484 000
Total Equity	1 523 000	1 034 000	356 000	100 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 422 000	2 300 000	1 725 000	0
Expenditure	841 000	806 000	656 000	55 000
Operating Profit	1 581 000	1 494 000	1 069 000	−55 000
Financial Income	3 000	2 000	0	0
Financial Costs	834 000	627 000	741 000	0
Financial Balance	−831 000	−625 000	−741 000	0
Earnings Before Tax	749 000	869 000	328 000	−54 000
Tax	165 000	191 000	72 000	−12 000
Net Income	584 000	678 000	256 000	−42 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 654 000	24 388 000	25 123 000	19 705 000
Total Current Assets	466 000	92 000	1 614 000	1 779 000
Total Assets	24 120 000	24 480 000	26 737 000	21 484 000
Total Retained Equity	1 423 000	934 000	256 000	0
Total Equity	1 523 000	1 034 000	356 000	100 000
Total Long-Term Debt	22 216 000	23 150 000	18 629 000	0
Total Current Debt	381 000	296 000	7 752 000	21 384 000
Total Equity and Debt	24 120 000	24 480 000	26 737 000	21 484 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	1 725 000	0
Other Income	2 422 000	2 300 000	0	0
Revenue	2 422 000	2 300 000	1 725 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	734 000	734 000	551 000	0
Impairment	0	0	0	0
Expenditure	841 000	806 000	656 000	55 000
Operating Profit	1 581 000	1 494 000	1 069 000	−55 000
Financial Income	3 000	2 000	0	0
Financial Costs	834 000	627 000	741 000	0
Financial Balance	−831 000	−625 000	−741 000	0
Dividends	0	0	0	0
Net Income	584 000	678 000	256 000	−42 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	23 654 000	24 388 000	25 123 000	19 705 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	23 654 000	24 388 000	25 123 000	19 705 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	23 654 000	24 388 000	25 123 000	19 705 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	466 000	40 000	1 560 000	16 000
Total Current Assets	466 000	92 000	1 614 000	1 779 000
Total Assets	24 120 000	24 480 000	26 737 000	21 484 000
Total Equity	1 523 000	1 034 000	356 000	100 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	22 216 000	23 150 000	18 629 000	0
Creditors	0	0	32 000	4 040 000
Unpaid Taxes	101 000	95 000	119 000	0
Dividends	0	0	0	0
Other Current Debt	122 000	0	7 569 000	17 344 000
Total Current Debt	381 000	296 000	7 752 000	21 384 000
Total Equity and Debt	24 120 000	24 480 000	26 737 000	21 484 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,35 %	65,57 %	71,91 %	−42 %
Debt-to-Equity Ratio	14,59	22,39	52,33	0
Operating Profit Margin	65,28 %	64,96 %	61,97 %	-
Current Ratio	1,22	0,31	0,21	0,08
Quick Ratio	1,22	0,31	0,21	0,08
Equity Ratio	0,06	0,04	0,01	0
Gross Profit Margin	100 %	100 %	100 %	-