ITEC HOLDING AS

3270 LARVIK

Finances

Return on Equity

28,54 %

Current Ratio

1,7

Debt-to-Equity Ratio

0,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	131 965 000	109 214 000	66 549 000	124 908 000
Net Income	9 167 000	11 265 000	4 553 000	6 222 000
Total Assets	99 269 000	73 838 000	65 223 000	61 963 000
Total Equity	32 115 000	22 948 000	11 872 000	7 319 000

Income (NOK)	2022	2021	2020	2019
Revenue	131 965 000	109 214 000	66 549 000	124 908 000
Expenditure	118 499 000	94 118 000	60 360 000	116 770 000
Operating Profit	13 465 000	15 095 000	6 190 000	8 138 000
Financial Income	1 828 000	1 258 000	836 000	1 257 000
Financial Costs	3 321 000	1 779 000	1 982 000	1 395 000
Financial Balance	−1 493 000	−521 000	−1 146 000	−138 000
Earnings Before Tax	11 972 000	14 575 000	5 045 000	8 000 000
Tax	2 806 000	3 310 000	492 000	1 778 000
Net Income	9 167 000	11 265 000	4 553 000	6 222 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 777 000	28 882 000	26 813 000	26 894 000
Total Current Assets	71 492 000	44 955 000	38 410 000	35 069 000
Total Assets	99 269 000	73 838 000	65 223 000	61 963 000
Total Retained Equity	31 031 000	21 864 000	10 788 000	6 235 000
Total Equity	32 115 000	22 948 000	11 872 000	7 319 000
Total Long-Term Debt	25 132 000	26 216 000	34 386 000	25 190 000
Total Current Debt	42 023 000	24 674 000	18 965 000	29 454 000
Total Equity and Debt	99 269 000	73 838 000	65 223 000	61 963 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	131 965 000	106 773 000	63 400 000	124 899 000
Other Income	0	2 440 000	3 149 000	9 000
Revenue	131 965 000	109 214 000	66 549 000	124 908 000
Cost of Goods Sold	79 614 000	64 951 000	37 266 000	88 046 000
Salary Costs	25 357 000	18 866 000	14 276 000	18 597 000
Depreciation	1 877 000	1 624 000	1 019 000	698 000
Impairment	0	0	0	0
Expenditure	118 499 000	94 118 000	60 360 000	116 770 000
Operating Profit	13 465 000	15 095 000	6 190 000	8 138 000
Financial Income	1 828 000	1 258 000	836 000	1 257 000
Financial Costs	3 321 000	1 779 000	1 982 000	1 395 000
Financial Balance	−1 493 000	−521 000	−1 146 000	−138 000
Dividends	0	0	0	0
Net Income	9 167 000	11 265 000	4 553 000	6 222 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	2 399 000	3 072 000	0	0
Total Intangible Assets	2 876 000	3 072 000	0	0
Real Eastate	23 654 000	24 388 000	25 123 000	25 857 000
Machinery and Plant Facilities	12 000	13 000	76 000	127 000
Fixtures	1 204 000	1 360 000	1 520 000	726 000
Total Tangible Assets	24 870 000	25 761 000	26 718 000	26 709 000
Total Fiancial Fixed Assets	32 000	49 000	95 000	185 000
Total Fixed Assets	27 777 000	28 882 000	26 813 000	26 894 000
Stock	20 369 000	18 243 000	8 232 000	11 077 000
Total Investments	0	0	0	0
Cash, Bank	20 208 000	15 978 000	19 020 000	6 415 000
Total Current Assets	71 492 000	44 955 000	38 410 000	35 069 000
Total Assets	99 269 000	73 838 000	65 223 000	61 963 000
Total Equity	32 115 000	22 948 000	11 872 000	7 319 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	25 132 000	26 216 000	34 386 000	25 190 000
Creditors	12 520 000	6 313 000	4 617 000	12 688 000
Unpaid Taxes	10 894 000	3 634 000	4 430 000	7 405 000
Dividends	0	0	0	0
Other Current Debt	15 577 000	12 248 000	9 619 000	6 521 000
Total Current Debt	42 023 000	24 674 000	18 965 000	29 454 000
Total Equity and Debt	99 269 000	73 838 000	65 223 000	61 963 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,54 %	49,09 %	38,35 %	85,01 %
Debt-to-Equity Ratio	0,78	1,14	2,9	3,44
Operating Profit Margin	10,2 %	13,82 %	9,3 %	6,52 %
Current Ratio	1,7	1,82	2,03	1,19
Quick Ratio	3,3	6,99	3,58	1,91
Equity Ratio	0,32	0,31	0,18	0,12
Gross Profit Margin	39,67 %	40,53 %	44 %	29,51 %