SIT GEOVARME AS

7034 TRONDHEIM

Finances

Share Ownership

Return on Equity

13,72 %

Current Ratio

4,63

Debt-to-Equity Ratio

18,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 939 000	1 338 000	1 260 000	1 257 000
Net Income	194 000	279 000	390 000	78 000
Total Assets	29 535 000	21 227 000	14 702 000	13 328 000
Total Equity	1 414 000	1 220 000	941 000	551 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 939 000	1 338 000	1 260 000	1 257 000
Expenditure	1 068 000	851 000	689 000	926 000
Operating Profit	870 000	488 000	571 000	331 000
Financial Income	115 000	6 000	8 000	34 000
Financial Costs	792 000	214 000	189 000	288 000
Financial Balance	−677 000	−208 000	−181 000	−254 000
Earnings Before Tax	194 000	279 000	390 000	78 000
Tax	0	0	0	0
Net Income	194 000	279 000	390 000	78 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 603 000	20 076 000	13 116 000	12 457 000
Total Current Assets	6 932 000	1 151 000	1 586 000	871 000
Total Assets	29 535 000	21 227 000	14 702 000	13 328 000
Total Retained Equity	824 000	629 000	350 000	−39 000
Total Equity	1 414 000	1 220 000	941 000	551 000
Total Long-Term Debt	26 625 000	19 625 000	13 500 000	12 500 000
Total Current Debt	1 496 000	382 000	262 000	277 000
Total Equity and Debt	29 535 000	21 227 000	14 702 000	13 328 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 855 000	1 338 000	1 260 000	1 257 000
Other Income	84 000	0	0	0
Revenue	1 939 000	1 338 000	1 260 000	1 257 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	491 000	459 000	459 000	417 000
Impairment	0	0	0	0
Expenditure	1 068 000	851 000	689 000	926 000
Operating Profit	870 000	488 000	571 000	331 000
Financial Income	115 000	6 000	8 000	34 000
Financial Costs	792 000	214 000	189 000	288 000
Financial Balance	−677 000	−208 000	−181 000	−254 000
Dividends	0	0	0	0
Net Income	194 000	279 000	390 000	78 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	22 603 000	20 076 000	13 116 000	12 457 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	22 603 000	20 076 000	13 116 000	12 457 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	22 603 000	20 076 000	13 116 000	12 457 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 444 000	868 000	1 035 000	711 000
Total Current Assets	6 932 000	1 151 000	1 586 000	871 000
Total Assets	29 535 000	21 227 000	14 702 000	13 328 000
Total Equity	1 414 000	1 220 000	941 000	551 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	26 625 000	19 625 000	13 500 000	12 500 000
Creditors	1 260 000	301 000	134 000	163 000
Unpaid Taxes	43 000	0	89 000	36 000
Dividends	0	0	0	0
Other Current Debt	193 000	81 000	39 000	79 000
Total Current Debt	1 496 000	382 000	262 000	277 000
Total Equity and Debt	29 535 000	21 227 000	14 702 000	13 328 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,72 %	22,87 %	41,45 %	14,16 %
Debt-to-Equity Ratio	18,83	16,09	14,35	22,69
Operating Profit Margin	44,87 %	36,47 %	45,32 %	26,33 %
Current Ratio	4,63	3,01	6,05	3,14
Quick Ratio	4,63	3,01	6,05	3,14
Equity Ratio	0,05	0,06	0,06	0,04
Gross Profit Margin	100 %	100 %	100 %	100 %