VITBIT AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

19,94 %

Current Ratio

2,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 584 000	5 081 000	1 062 000	132 000
Net Income	200 000	438 000	−435 000	−648 000
Total Assets	1 779 000	2 705 000	676 000	2 007 000
Total Equity	1 003 000	1 003 000	565 000	1 000 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 584 000	5 081 000	1 062 000	132 000
Expenditure	6 256 000	4 642 000	1 498 000	1 010 000
Operating Profit	329 000	440 000	−437 000	−879 000
Financial Income	11 000	0	2 000	0
Financial Costs	83 000	0	0	3 000
Financial Balance	−72 000	0	2 000	−3 000
Earnings Before Tax	257 000	439 000	−435 000	−882 000
Tax	57 000	1 000	0	−234 000
Net Income	200 000	438 000	−435 000	−648 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	113 000	168 000	223 000	278 000
Total Current Assets	1 666 000	2 537 000	453 000	1 729 000
Total Assets	1 779 000	2 705 000	676 000	2 007 000
Total Retained Equity	3 000	3 000	−435 000	0
Total Equity	1 003 000	1 003 000	565 000	1 000 000
Total Long-Term Debt	0	0	0	375 000
Total Current Debt	777 000	1 702 000	111 000	632 000
Total Equity and Debt	1 779 000	2 705 000	676 000	2 007 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 584 000	5 081 000	777 000	50 000
Other Income	0	0	284 000	82 000
Revenue	6 584 000	5 081 000	1 062 000	132 000
Cost of Goods Sold	5 694 000	4 264 000	673 000	156 000
Salary Costs	0	113 000	550 000	524 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	6 256 000	4 642 000	1 498 000	1 010 000
Operating Profit	329 000	440 000	−437 000	−879 000
Financial Income	11 000	0	2 000	0
Financial Costs	83 000	0	0	3 000
Financial Balance	−72 000	0	2 000	−3 000
Dividends	0	0	0	0
Net Income	200 000	438 000	−435 000	−648 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	113 000	168 000	223 000	278 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	113 000	168 000	223 000	278 000
Stock	561 000	1 547 000	258 000	470 000
Total Investments	0	0	0	0
Cash, Bank	395 000	35 000	180 000	37 000
Total Current Assets	1 666 000	2 537 000	453 000	1 729 000
Total Assets	1 779 000	2 705 000	676 000	2 007 000
Total Equity	1 003 000	1 003 000	565 000	1 000 000
Short-Term Group Debt	257 000	0	0	0
Total Long-Term Debt	0	0	0	375 000
Creditors	427 000	1 689 000	22 000	542 000
Unpaid Taxes	92 000	0	29 000	32 000
Dividends	0	0	0	0
Other Current Debt	0	12 000	59 000	58 000
Total Current Debt	777 000	1 702 000	111 000	632 000
Total Equity and Debt	1 779 000	2 705 000	676 000	2 007 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,94 %	43,67 %	−76,99 %	−64,8 %
Debt-to-Equity Ratio	0	0	0	0,38
Operating Profit Margin	5 %	8,66 %	−41,15 %	−665,91 %
Current Ratio	2,14	1,49	4,08	2,74
Quick Ratio	7,71	16,37	−3,08	10,67
Equity Ratio	0,56	0,37	0,84	0,5
Gross Profit Margin	13,52 %	16,08 %	36,63 %	−18,18 %