ITNORWAY AS

4200 SAUDA

Finances

Share Ownership

Return on Equity

51,64 %

Current Ratio

7,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 152 000	1 076 000	53 000	691 000
Net Income	456 000	210 000	−17 000	75 000
Total Assets	1 025 000	435 000	95 000	126 000
Total Equity	883 000	298 000	89 000	105 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 152 000	1 076 000	53 000	691 000
Expenditure	571 000	813 000	71 000	594 000
Operating Profit	581 000	264 000	−17 000	96 000
Financial Income	4 000	1 000	1 000	0
Financial Costs	0	0	0	0
Financial Balance	4 000	1 000	1 000	0
Earnings Before Tax	585 000	264 000	−17 000	96 000
Tax	129 000	54 000	0	21 000
Net Income	456 000	210 000	−17 000	75 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 025 000	435 000	95 000	126 000
Total Assets	1 025 000	435 000	95 000	126 000
Total Retained Equity	853 000	268 000	59 000	75 000
Total Equity	883 000	298 000	89 000	105 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	142 000	137 000	6 000	21 000
Total Equity and Debt	1 025 000	435 000	95 000	126 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 151 000	1 076 000	53 000	691 000
Other Income	1 000	0	0	0
Revenue	1 152 000	1 076 000	53 000	691 000
Cost of Goods Sold	0	0	0	0
Salary Costs	483 000	751 000	62 000	458 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	571 000	813 000	71 000	594 000
Operating Profit	581 000	264 000	−17 000	96 000
Financial Income	4 000	1 000	1 000	0
Financial Costs	0	0	0	0
Financial Balance	4 000	1 000	1 000	0
Dividends	0	0	0	0
Net Income	456 000	210 000	−17 000	75 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 025 000	435 000	95 000	126 000
Total Current Assets	1 025 000	435 000	95 000	126 000
Total Assets	1 025 000	435 000	95 000	126 000
Total Equity	883 000	298 000	89 000	105 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	68 000	8 000	0	0
Dividends	0	0	0	0
Other Current Debt	74 000	71 000	6 000	0
Total Current Debt	142 000	137 000	6 000	21 000
Total Equity and Debt	1 025 000	435 000	95 000	126 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,64 %	70,47 %	−19,1 %	71,43 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	50,43 %	24,54 %	−32,08 %	13,89 %
Current Ratio	7,22	3,18	15,83	6
Quick Ratio	7,22	3,18	15,83	6
Equity Ratio	0,86	0,69	0,94	0,83
Gross Profit Margin	100 %	100 %	100 %	100 %