ITINORDIC AS

3426 GULLAUG

Finances

Share Ownership

Return on Equity

88,08 %

Current Ratio

1,02

Debt-to-Equity Ratio

−1,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 187 000	1 731 000	1 500 000	957 000
Net Income	−717 000	−113 000	−51 000	2 000
Total Assets	273 000	182 000	254 000	108 000
Total Equity	−814 000	−107 000	6 000	57 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 187 000	1 731 000	1 500 000	957 000
Expenditure	1 869 000	1 822 000	1 465 000	944 000
Operating Profit	−682 000	−92 000	34 000	13 000
Financial Income	−2 000	1 000	11 000	7 000
Financial Costs	20 000	18 000	48 000	17 000
Financial Balance	−22 000	−17 000	−37 000	−10 000
Earnings Before Tax	−705 000	−109 000	−2 000	2 000
Tax	12 000	4 000	49 000	0
Net Income	−717 000	−113 000	−51 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	87 000	0	0	2 000
Total Current Assets	186 000	182 000	253 000	106 000
Total Assets	273 000	182 000	254 000	108 000
Total Retained Equity	−844 000	−137 000	−24 000	27 000
Total Equity	−814 000	−107 000	6 000	57 000
Total Long-Term Debt	916 000	144 000	59 000	−244 000
Total Current Debt	183 000	145 000	189 000	295 000
Total Equity and Debt	285 000	182 000	254 000	108 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	732 000	1 396 000	940 000	957 000
Other Income	455 000	335 000	560 000	0
Revenue	1 187 000	1 731 000	1 500 000	957 000
Cost of Goods Sold	0	0	0	0
Salary Costs	803 000	1 146 000	881 000	598 000
Depreciation	0	0	2 000	6 000
Impairment	0	0	0	0
Expenditure	1 869 000	1 822 000	1 465 000	944 000
Operating Profit	−682 000	−92 000	34 000	13 000
Financial Income	−2 000	1 000	11 000	7 000
Financial Costs	20 000	18 000	48 000	17 000
Financial Balance	−22 000	−17 000	−37 000	−10 000
Dividends	0	0	0	0
Net Income	−717 000	−113 000	−51 000	2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	2 000
Total Tangible Assets	0	0	0	2 000
Total Fiancial Fixed Assets	87 000	0	0	0
Total Fixed Assets	87 000	0	0	2 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	133 000	155 000	157 000	1 000
Total Current Assets	186 000	182 000	253 000	106 000
Total Assets	273 000	182 000	254 000	108 000
Total Equity	−814 000	−107 000	6 000	57 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	916 000	144 000	59 000	−244 000
Creditors	4 000	14 000	8 000	127 000
Unpaid Taxes	188 000	110 000	166 000	81 000
Dividends	0	0	0	0
Other Current Debt	−9 000	18 000	−30 000	94 000
Total Current Debt	183 000	145 000	189 000	295 000
Total Equity and Debt	285 000	182 000	254 000	108 000

Financial indicators	2022	2021	2020	2019
Return on Equity	88,08 %	105,61 %	−850 %	3,51 %
Debt-to-Equity Ratio	−1,13	−1,35	9,83	−4,28
Operating Profit Margin	−57,46 %	−5,31 %	2,27 %	1,36 %
Current Ratio	1,02	1,26	1,34	0,36
Quick Ratio	1,02	1,26	1,34	0,36
Equity Ratio	−2,98	−0,59	0,02	0,53
Gross Profit Margin	100 %	100 %	100 %	100 %