ITEC AS

3270 LARVIK

Finances

Share Ownership

Return on Equity

30,59 %

Current Ratio

1,7

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	131 965 000	104 612 000	63 486 000	124 908 000
Net Income	9 258 000	10 596 000	1 527 000	5 931 000
Total Assets	72 637 000	42 779 000	36 535 000	41 636 000
Total Equity	30 267 000	20 478 000	17 582 000	17 595 000

Income (NOK)	2022	2021	2020	2019
Revenue	131 965 000	104 612 000	63 486 000	124 908 000
Expenditure	119 355 000	91 134 000	61 319 000	117 484 000
Operating Profit	12 609 000	13 478 000	2 167 000	7 424 000
Financial Income	1 825 000	1 251 000	826 000	1 247 000
Financial Costs	2 508 000	1 126 000	1 035 000	1 048 000
Financial Balance	−683 000	125 000	−209 000	199 000
Earnings Before Tax	11 926 000	13 603 000	1 958 000	7 623 000
Tax	2 668 000	3 008 000	431 000	1 691 000
Net Income	9 258 000	10 596 000	1 527 000	5 931 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 725 000	1 418 000	1 690 000	9 764 000
Total Current Assets	70 912 000	41 362 000	34 845 000	31 872 000
Total Assets	72 637 000	42 779 000	36 535 000	41 636 000
Total Retained Equity	18 952 000	9 163 000	6 268 000	6 280 000
Total Equity	30 267 000	20 478 000	17 582 000	17 595 000
Total Long-Term Debt	718 000	925 000	83 000	0
Total Current Debt	41 653 000	21 376 000	18 871 000	24 041 000
Total Equity and Debt	72 637 000	42 779 000	36 535 000	41 636 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	131 965 000	104 472 000	63 400 000	124 899 000
Other Income	0	140 000	85 000	9 000
Revenue	131 965 000	104 612 000	63 486 000	124 908 000
Cost of Goods Sold	79 614 000	64 610 000	37 266 000	88 046 000
Salary Costs	25 357 000	16 117 000	14 276 000	18 597 000
Depreciation	469 000	582 000	468 000	427 000
Impairment	0	0	0	0
Expenditure	119 355 000	91 134 000	61 319 000	117 484 000
Operating Profit	12 609 000	13 478 000	2 167 000	7 424 000
Financial Income	1 825 000	1 251 000	826 000	1 247 000
Financial Costs	2 508 000	1 126 000	1 035 000	1 048 000
Financial Balance	−683 000	125 000	−209 000	199 000
Dividends	0	0	1 500 000	0
Net Income	9 258 000	10 596 000	1 527 000	5 931 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	477 000	0	0	71 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	12 000	13 000	76 000	127 000
Fixtures	1 204 000	1 355 000	1 520 000	726 000
Total Tangible Assets	1 216 000	1 369 000	1 596 000	853 000
Total Fiancial Fixed Assets	32 000	49 000	95 000	8 841 000
Total Fixed Assets	1 725 000	1 418 000	1 690 000	9 764 000
Stock	20 369 000	18 243 000	8 232 000	11 077 000
Total Investments	0	0	0	0
Cash, Bank	19 634 000	8 140 000	15 405 000	4 992 000
Total Current Assets	70 912 000	41 362 000	34 845 000	31 872 000
Total Assets	72 637 000	42 779 000	36 535 000	41 636 000
Total Equity	30 267 000	20 478 000	17 582 000	17 595 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	718 000	925 000	83 000	0
Creditors	12 485 000	6 228 000	4 585 000	8 633 000
Unpaid Taxes	10 793 000	3 313 000	4 311 000	7 356 000
Dividends	0	0	1 500 000	0
Other Current Debt	15 499 000	9 670 000	9 708 000	5 369 000
Total Current Debt	41 653 000	21 376 000	18 871 000	24 041 000
Total Equity and Debt	72 637 000	42 779 000	36 535 000	41 636 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,59 %	51,74 %	8,69 %	33,71 %
Debt-to-Equity Ratio	0,02	0,05	0	0
Operating Profit Margin	9,55 %	12,88 %	3,41 %	5,94 %
Current Ratio	1,7	1,93	1,85	1,33
Quick Ratio	3,33	13,2	3,28	2,46
Equity Ratio	0,42	0,48	0,48	0,42
Gross Profit Margin	39,67 %	38,24 %	41,3 %	29,51 %