IT INNOVASJON AS

2066 JESSHEIM

Finances

Share Ownership

Return on Equity

23,72 %

Current Ratio

1,54

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 345 000	7 797 000	8 366 000	8 649 000
Net Income	586 000	564 000	790 000	875 000
Total Assets	3 988 000	2 965 000	2 520 000	2 870 000
Total Equity	2 471 000	1 885 000	1 321 000	1 580 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 345 000	7 797 000	8 366 000	8 649 000
Expenditure	9 426 000	7 203 000	7 369 000	7 547 000
Operating Profit	919 000	594 000	997 000	1 102 000
Financial Income	21 000	101 000	17 000	20 000
Financial Costs	147 000	0	1 000	0
Financial Balance	−126 000	101 000	16 000	20 000
Earnings Before Tax	793 000	694 000	1 013 000	1 122 000
Tax	207 000	131 000	223 000	247 000
Net Income	586 000	564 000	790 000	875 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 645 000	1 255 000	191 000	173 000
Total Current Assets	2 343 000	1 710 000	2 329 000	2 697 000
Total Assets	3 988 000	2 965 000	2 520 000	2 870 000
Total Retained Equity	1 966 000	1 379 000	816 000	1 075 000
Total Equity	2 471 000	1 885 000	1 321 000	1 580 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 517 000	1 080 000	1 199 000	1 290 000
Total Equity and Debt	3 988 000	2 965 000	2 520 000	2 870 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 234 000	7 707 000	8 310 000	8 578 000
Other Income	111 000	90 000	56 000	71 000
Revenue	10 345 000	7 797 000	8 366 000	8 649 000
Cost of Goods Sold	4 866 000	3 387 000	3 406 000	3 504 000
Salary Costs	3 573 000	3 193 000	3 266 000	3 276 000
Depreciation	64 000	86 000	188 000	188 000
Impairment	0	0	0	0
Expenditure	9 426 000	7 203 000	7 369 000	7 547 000
Operating Profit	919 000	594 000	997 000	1 102 000
Financial Income	21 000	101 000	17 000	20 000
Financial Costs	147 000	0	1 000	0
Financial Balance	−126 000	101 000	16 000	20 000
Dividends	0	0	0	0
Net Income	586 000	564 000	790 000	875 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	30 000	30 000	31 000	18 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	10 000	74 000	160 000	156 000
Total Tangible Assets	10 000	74 000	160 000	156 000
Total Fiancial Fixed Assets	1 604 000	1 151 000	0	0
Total Fixed Assets	1 645 000	1 255 000	191 000	173 000
Stock	87 000	84 000	73 000	111 000
Total Investments	0	0	0	0
Cash, Bank	1 570 000	980 000	1 824 000	2 180 000
Total Current Assets	2 343 000	1 710 000	2 329 000	2 697 000
Total Assets	3 988 000	2 965 000	2 520 000	2 870 000
Total Equity	2 471 000	1 885 000	1 321 000	1 580 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	541 000	253 000	296 000	333 000
Unpaid Taxes	414 000	363 000	389 000	415 000
Dividends	0	0	0	0
Other Current Debt	355 000	334 000	279 000	276 000
Total Current Debt	1 517 000	1 080 000	1 199 000	1 290 000
Total Equity and Debt	3 988 000	2 965 000	2 520 000	2 870 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,72 %	29,92 %	59,8 %	55,38 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,88 %	7,62 %	11,92 %	12,74 %
Current Ratio	1,54	1,58	1,94	2,09
Quick Ratio	1,64	1,72	2,07	2,29
Equity Ratio	0,62	0,64	0,52	0,55
Gross Profit Margin	52,96 %	56,56 %	59,29 %	59,49 %