WITEK AS

1723 SARPSBORG

Finances

Share Ownership

Return on Equity

27,46 %

Current Ratio

2,01

Debt-to-Equity Ratio

1,73

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 922 000	10 125 000	1 270 000	11 999 000
Net Income	799 000	278 000	−233 000	332 000
Total Assets	9 370 000	5 084 000	13 065 000	2 719 000
Total Equity	2 910 000	2 111 000	1 833 000	2 066 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 922 000	10 125 000	1 270 000	11 999 000
Expenditure	9 737 000	9 447 000	1 453 000	11 341 000
Operating Profit	1 185 000	677 000	−183 000	659 000
Financial Income	1 000	5 000	1 000	4 000
Financial Costs	149 000	326 000	114 000	235 000
Financial Balance	−148 000	−321 000	−113 000	−231 000
Earnings Before Tax	1 037 000	356 000	−296 000	427 000
Tax	238 000	78 000	−63 000	95 000
Net Income	799 000	278 000	−233 000	332 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 482 000	3 814 000	12 988 000	0
Total Current Assets	2 889 000	1 270 000	77 000	2 719 000
Total Assets	9 370 000	5 084 000	13 065 000	2 719 000
Total Retained Equity	2 880 000	2 081 000	1 803 000	2 036 000
Total Equity	2 910 000	2 111 000	1 833 000	2 066 000
Total Long-Term Debt	5 021 000	2 489 000	9 841 000	0
Total Current Debt	1 439 000	485 000	1 391 000	653 000
Total Equity and Debt	9 370 000	5 084 000	13 065 000	2 719 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 713 000	8 809 000	1 222 000	11 999 000
Other Income	210 000	1 316 000	47 000	0
Revenue	10 922 000	10 125 000	1 270 000	11 999 000
Cost of Goods Sold	4 052 000	6 548 000	37 000	10 257 000
Salary Costs	4 018 000	1 591 000	927 000	617 000
Depreciation	7 000	7 000	1 000	0
Impairment	0	0	0	0
Expenditure	9 737 000	9 447 000	1 453 000	11 341 000
Operating Profit	1 185 000	677 000	−183 000	659 000
Financial Income	1 000	5 000	1 000	4 000
Financial Costs	149 000	326 000	114 000	235 000
Financial Balance	−148 000	−321 000	−113 000	−231 000
Dividends	0	0	0	0
Net Income	799 000	278 000	−233 000	332 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	63 000	0
Real Eastate	6 476 000	3 801 000	12 591 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 000	13 000	20 000	0
Total Tangible Assets	6 482 000	3 814 000	12 611 000	0
Total Fiancial Fixed Assets	0	0	314 000	0
Total Fixed Assets	6 482 000	3 814 000	12 988 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	667 000	637 000	29 000	2 612 000
Total Current Assets	2 889 000	1 270 000	77 000	2 719 000
Total Assets	9 370 000	5 084 000	13 065 000	2 719 000
Total Equity	2 910 000	2 111 000	1 833 000	2 066 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 021 000	2 489 000	9 841 000	0
Creditors	154 000	107 000	60 000	72 000
Unpaid Taxes	694 000	231 000	90 000	64 000
Dividends	0	0	0	0
Other Current Debt	324 000	147 000	1 241 000	83 000
Total Current Debt	1 439 000	485 000	1 391 000	653 000
Total Equity and Debt	9 370 000	5 084 000	13 065 000	2 719 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,46 %	13,17 %	−12,71 %	16,07 %
Debt-to-Equity Ratio	1,73	1,18	5,37	0
Operating Profit Margin	10,85 %	6,69 %	−14,41 %	5,49 %
Current Ratio	2,01	2,62	0,06	4,16
Quick Ratio	2,01	2,62	0,06	4,16
Equity Ratio	0,31	0,42	0,14	0,76
Gross Profit Margin	62,9 %	35,33 %	97,09 %	14,52 %