ISITEC AS

4879 GRIMSTAD

Finances

Return on Equity

59,28 %

Current Ratio

1,95

Debt-to-Equity Ratio

0,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 823 000	3 567 000	5 606 000	4 087 000
Net Income	479 000	22 000	599 000	−223 000
Total Assets	1 946 000	1 869 000	1 943 000	1 521 000
Total Equity	808 000	329 000	307 000	−292 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 823 000	3 567 000	5 606 000	4 087 000
Expenditure	3 258 000	3 471 000	4 773 000	4 271 000
Operating Profit	565 000	96 000	832 000	−184 000
Financial Income	8 000	1 000	3 000	1 000
Financial Costs	94 000	68 000	67 000	101 000
Financial Balance	−86 000	−67 000	−64 000	−100 000
Earnings Before Tax	479 000	29 000	768 000	−284 000
Tax	0	7 000	169 000	−62 000
Net Income	479 000	22 000	599 000	−223 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	351 000	312 000	303 000	384 000
Total Current Assets	1 595 000	1 557 000	1 641 000	1 136 000
Total Assets	1 946 000	1 869 000	1 943 000	1 521 000
Total Retained Equity	708 000	229 000	207 000	−392 000
Total Equity	808 000	329 000	307 000	−292 000
Total Long-Term Debt	319 000	365 000	368 000	474 000
Total Current Debt	818 000	1 175 000	1 268 000	1 339 000
Total Equity and Debt	1 946 000	1 869 000	1 943 000	1 521 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 823 000	3 567 000	5 460 000	4 087 000
Other Income	0	0	146 000	0
Revenue	3 823 000	3 567 000	5 606 000	4 087 000
Cost of Goods Sold	2 063 000	1 739 000	2 742 000	2 065 000
Salary Costs	639 000	1 276 000	1 508 000	1 503 000
Depreciation	2 000	4 000	4 000	4 000
Impairment	0	0	0	0
Expenditure	3 258 000	3 471 000	4 773 000	4 271 000
Operating Profit	565 000	96 000	832 000	−184 000
Financial Income	8 000	1 000	3 000	1 000
Financial Costs	94 000	68 000	67 000	101 000
Financial Balance	−86 000	−67 000	−64 000	−100 000
Dividends	0	0	0	0
Net Income	479 000	22 000	599 000	−223 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	187 000	187 000	193 000	362 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	43 000	14 000	18 000	22 000
Total Tangible Assets	43 000	14 000	18 000	22 000
Total Fiancial Fixed Assets	121 000	111 000	91 000	0
Total Fixed Assets	351 000	312 000	303 000	384 000
Stock	449 000	449 000	570 000	507 000
Total Investments	100 000	0	0	0
Cash, Bank	20 000	0	96 000	30 000
Total Current Assets	1 595 000	1 557 000	1 641 000	1 136 000
Total Assets	1 946 000	1 869 000	1 943 000	1 521 000
Total Equity	808 000	329 000	307 000	−292 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	319 000	365 000	368 000	474 000
Creditors	63 000	248 000	364 000	134 000
Unpaid Taxes	55 000	142 000	218 000	332 000
Dividends	0	0	0	0
Other Current Debt	314 000	345 000	181 000	388 000
Total Current Debt	818 000	1 175 000	1 268 000	1 339 000
Total Equity and Debt	1 946 000	1 869 000	1 943 000	1 521 000

Financial indicators	2022	2021	2020	2019
Return on Equity	59,28 %	6,69 %	195,11 %	76,37 %
Debt-to-Equity Ratio	0,39	1,11	1,2	−1,62
Operating Profit Margin	14,78 %	2,69 %	14,84 %	−4,5 %
Current Ratio	1,95	1,33	1,29	0,85
Quick Ratio	4,32	2,14	2,35	1,37
Equity Ratio	0,42	0,18	0,16	−0,19
Gross Profit Margin	46,04 %	51,25 %	51,09 %	49,47 %