ITEK AS

4790 LILLESAND

Finances

Share Ownership

Return on Equity

55,51 %

Current Ratio

1,34

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2023	2022	2021	2020
Revenue	76 720 000	72 342 000	80 488 000	85 023 000
Net Income	4 472 000	3 776 000	4 728 000	9 695 000
Total Assets	34 045 000	21 763 000	32 296 000	35 986 000
Total Equity	8 056 000	5 531 000	8 158 000	13 508 000

Income (NOK)	2023	2022	2021	2020
Revenue	76 720 000	72 342 000	80 488 000	85 023 000
Expenditure	71 665 000	67 573 000	73 099 000	76 149 000
Operating Profit	5 055 000	4 768 000	7 389 000	8 875 000
Financial Income	1 968 000	954 000	537 000	3 994 000
Financial Costs	1 283 000	877 000	1 861 000	432 000
Financial Balance	685 000	77 000	−1 324 000	3 562 000
Earnings Before Tax	5 740 000	4 846 000	6 065 000	12 437 000
Tax	1 269 000	1 070 000	1 337 000	2 743 000
Net Income	4 472 000	3 776 000	4 728 000	9 695 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	836 000	1 055 000	1 033 000	863 000
Total Current Assets	33 209 000	20 708 000	31 264 000	35 123 000
Total Assets	34 045 000	21 763 000	32 296 000	35 986 000
Total Retained Equity	7 806 000	5 281 000	7 908 000	13 258 000
Total Equity	8 056 000	5 531 000	8 158 000	13 508 000
Total Long-Term Debt	1 192 000	0	642 000	1 364 000
Total Current Debt	24 797 000	16 232 000	23 496 000	21 114 000
Total Equity and Debt	34 045 000	21 763 000	32 296 000	35 986 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	76 720 000	72 342 000	80 470 000	85 023 000
Other Income	0	0	19 000	0
Revenue	76 720 000	72 342 000	80 488 000	85 023 000
Cost of Goods Sold	56 169 000	51 620 000	57 781 000	62 654 000
Salary Costs	9 541 000	9 417 000	9 993 000	9 487 000
Depreciation	98 000	98 000	83 000	44 000
Impairment	0	0	0	0
Expenditure	71 665 000	67 573 000	73 099 000	76 149 000
Operating Profit	5 055 000	4 768 000	7 389 000	8 875 000
Financial Income	1 968 000	954 000	537 000	3 994 000
Financial Costs	1 283 000	877 000	1 861 000	432 000
Financial Balance	685 000	77 000	−1 324 000	3 562 000
Dividends	2 100 000	3 400 000	6 100 000	0
Net Income	4 472 000	3 776 000	4 728 000	9 695 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	0	0	0
Total Intangible Assets	0	120 000	0	0
Real Eastate	57 000	91 000	125 000	79 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	39 000	104 000	168 000	44 000
Total Tangible Assets	96 000	194 000	293 000	123 000
Total Fiancial Fixed Assets	740 000	740 000	740 000	740 000
Total Fixed Assets	836 000	1 055 000	1 033 000	863 000
Stock	100 000	80 000	93 000	1 000
Total Investments	0	0	0	0
Cash, Bank	7 996 000	10 519 000	21 336 000	26 263 000
Total Current Assets	33 209 000	20 708 000	31 264 000	35 123 000
Total Assets	34 045 000	21 763 000	32 296 000	35 986 000
Total Equity	8 056 000	5 531 000	8 158 000	13 508 000
Short-Term Group Debt	0	3 850 000	5 100 000	9 900 000
Total Long-Term Debt	1 192 000	0	642 000	1 364 000
Creditors	4 843 000	2 230 000	3 377 000	6 175 000
Unpaid Taxes	5 194 000	2 760 000	4 080 000	3 007 000
Dividends	2 100 000	3 400 000	6 100 000	0
Other Current Debt	8 426 000	2 070 000	3 901 000	2 013 000
Total Current Debt	24 797 000	16 232 000	23 496 000	21 114 000
Total Equity and Debt	34 045 000	21 763 000	32 296 000	35 986 000

Financial indicators	2023	2022	2021	2020
Return on Equity	55,51 %	68,27 %	57,96 %	71,77 %
Debt-to-Equity Ratio	0,15	0	0,08	0,1
Operating Profit Margin	6,59 %	6,59 %	9,18 %	10,44 %
Current Ratio	1,34	1,28	1,33	1,66
Quick Ratio	1,34	1,28	1,34	1,66
Equity Ratio	0,24	0,25	0,25	0,38
Gross Profit Margin	26,79 %	28,64 %	28,21 %	26,31 %