RITEK AS

7609 LEVANGER

Finances

Share Ownership

Return on Equity

22,35 %

Current Ratio

1,04

Debt-to-Equity Ratio

0,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	137 602 000	80 279 000	45 637 000	38 130 000
Net Income	1 841 000	2 988 000	1 109 000	275 000
Total Assets	179 483 000	181 169 000	28 779 000	19 497 000
Total Equity	8 236 000	7 673 000	6 990 000	5 881 000

Income (NOK)	2022	2021	2020	2019
Revenue	137 602 000	80 279 000	45 637 000	38 130 000
Expenditure	135 039 000	76 362 000	43 990 000	37 737 000
Operating Profit	2 563 000	3 917 000	1 646 000	393 000
Financial Income	356 000	339 000	139 000	21 000
Financial Costs	532 000	414 000	368 000	46 000
Financial Balance	−176 000	−75 000	−229 000	−25 000
Earnings Before Tax	2 388 000	3 842 000	1 418 000	368 000
Tax	546 000	854 000	309 000	93 000
Net Income	1 841 000	2 988 000	1 109 000	275 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 013 000	4 902 000	4 276 000	818 000
Total Current Assets	172 470 000	176 267 000	24 502 000	18 678 000
Total Assets	179 483 000	181 169 000	28 779 000	19 497 000
Total Retained Equity	2 630 000	2 066 000	1 383 000	275 000
Total Equity	8 236 000	7 673 000	6 990 000	5 881 000
Total Long-Term Debt	6 146 000	16 001 000	9 296 000	756 000
Total Current Debt	165 100 000	157 495 000	12 493 000	12 860 000
Total Equity and Debt	179 483 000	181 169 000	28 779 000	19 497 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	136 343 000	79 209 000	44 531 000	37 940 000
Other Income	1 259 000	1 070 000	1 106 000	190 000
Revenue	137 602 000	80 279 000	45 637 000	38 130 000
Cost of Goods Sold	76 857 000	29 006 000	6 514 000	6 068 000
Salary Costs	38 656 000	30 416 000	26 312 000	23 151 000
Depreciation	504 000	369 000	207 000	238 000
Impairment	0	0	0	0
Expenditure	135 039 000	76 362 000	43 990 000	37 737 000
Operating Profit	2 563 000	3 917 000	1 646 000	393 000
Financial Income	356 000	339 000	139 000	21 000
Financial Costs	532 000	414 000	368 000	46 000
Financial Balance	−176 000	−75 000	−229 000	−25 000
Dividends	0	0	0	0
Net Income	1 841 000	2 988 000	1 109 000	275 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	511 000	909 000	559 000	319 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	654 000	488 000	328 000	96 000
Fixtures	775 000	263 000	267 000	397 000
Total Tangible Assets	1 429 000	751 000	595 000	493 000
Total Fiancial Fixed Assets	5 073 000	3 242 000	3 122 000	7 000
Total Fixed Assets	7 013 000	4 902 000	4 276 000	818 000
Stock	117 936 000	87 431 000	1 735 000	1 381 000
Total Investments	0	0	0	0
Cash, Bank	19 387 000	45 894 000	13 132 000	6 827 000
Total Current Assets	172 470 000	176 267 000	24 502 000	18 678 000
Total Assets	179 483 000	181 169 000	28 779 000	19 497 000
Total Equity	8 236 000	7 673 000	6 990 000	5 881 000
Short-Term Group Debt	1 582 000	2 956 000	0	3 824 000
Total Long-Term Debt	6 146 000	16 001 000	9 296 000	756 000
Creditors	1 229 000	6 397 000	3 071 000	2 879 000
Unpaid Taxes	23 061 000	2 524 000	5 987 000	3 406 000
Dividends	0	0	0	0
Other Current Debt	139 228 000	145 176 000	3 434 000	2 750 000
Total Current Debt	165 100 000	157 495 000	12 493 000	12 860 000
Total Equity and Debt	179 483 000	181 169 000	28 779 000	19 497 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,35 %	38,94 %	15,87 %	4,68 %
Debt-to-Equity Ratio	0,75	2,09	1,33	0,13
Operating Profit Margin	1,86 %	4,88 %	3,61 %	1,03 %
Current Ratio	1,04	1,12	1,96	1,45
Quick Ratio	3,66	2,52	2,28	1,63
Equity Ratio	0,05	0,04	0,24	0,3
Gross Profit Margin	44,15 %	63,87 %	85,73 %	84,09 %