SITEM AS

5008 BERGEN

Finances

Return on Equity

−11,37 %

Current Ratio

27,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	311 000	52 000	568 000	1 103 000
Net Income	−2 600 000	3 214 000	12 810 000	−1 484 000
Total Assets	23 335 000	27 478 000	27 309 000	15 843 000
Total Equity	22 867 000	26 996 000	26 882 000	15 222 000

Income (NOK)	2022	2021	2020	2019
Revenue	311 000	52 000	568 000	1 103 000
Expenditure	3 023 000	−1 235 000	−2 269 000	1 920 000
Operating Profit	−2 712 000	1 287 000	2 837 000	−816 000
Financial Income	113 000	1 928 000	6 014 000	4 110 000
Financial Costs	2 000	0	−3 959 000	4 779 000
Financial Balance	111 000	1 928 000	9 973 000	−669 000
Earnings Before Tax	−2 600 000	3 214 000	12 810 000	−1 484 000
Tax	0	0	0	0
Net Income	−2 600 000	3 214 000	12 810 000	−1 484 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 256 000	9 854 000	11 119 000	5 142 000
Total Current Assets	13 079 000	17 624 000	16 191 000	10 701 000
Total Assets	23 335 000	27 478 000	27 309 000	15 843 000
Total Retained Equity	22 733 000	26 863 000	26 748 000	15 088 000
Total Equity	22 867 000	26 996 000	26 882 000	15 222 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	468 000	482 000	427 000	621 000
Total Equity and Debt	23 335 000	27 478 000	27 309 000	15 843 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	493 000	1 103 000
Other Income	311 000	52 000	75 000	0
Revenue	311 000	52 000	568 000	1 103 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 925 000	2 265 000	2 245 000	2 256 000
Depreciation	0	0	3 000	6 000
Impairment	0	0	0	0
Expenditure	3 023 000	−1 235 000	−2 269 000	1 920 000
Operating Profit	−2 712 000	1 287 000	2 837 000	−816 000
Financial Income	113 000	1 928 000	6 014 000	4 110 000
Financial Costs	2 000	0	−3 959 000	4 779 000
Financial Balance	111 000	1 928 000	9 973 000	−669 000
Dividends	1 529 000	3 100 000	1 150 000	1 033 000
Net Income	−2 600 000	3 214 000	12 810 000	−1 484 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	2 006 000	2 006 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	3 000
Total Tangible Assets	0	2 006 000	2 006 000	3 000
Total Fiancial Fixed Assets	10 256 000	7 849 000	9 113 000	5 139 000
Total Fixed Assets	10 256 000	9 854 000	11 119 000	5 142 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 261 000	11 985 000	10 976 000	8 103 000
Total Current Assets	13 079 000	17 624 000	16 191 000	10 701 000
Total Assets	23 335 000	27 478 000	27 309 000	15 843 000
Total Equity	22 867 000	26 996 000	26 882 000	15 222 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	5 000	31 000	18 000
Unpaid Taxes	240 000	223 000	127 000	223 000
Dividends	1 529 000	3 100 000	1 150 000	1 033 000
Other Current Debt	224 000	253 000	269 000	379 000
Total Current Debt	468 000	482 000	427 000	621 000
Total Equity and Debt	23 335 000	27 478 000	27 309 000	15 843 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,37 %	11,91 %	47,65 %	−9,75 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−872,03 %	2 475 %	499,47 %	−73,98 %
Current Ratio	27,95	36,56	37,92	17,23
Quick Ratio	27,95	36,56	37,92	17,23
Equity Ratio	0,98	0,98	0,98	0,96
Gross Profit Margin	100 %	100 %	100 %	100 %