NORDIC INSULATION TECHNOLOGY AS

3370 VIKERSUND

Finances

Share Ownership

Return on Equity

−26,83 %

Current Ratio

2,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	20 000
Net Income	−11 000	−16 000	−27 000	−20 000
Total Assets	53 000	63 000	56 000	92 000
Total Equity	41 000	52 000	69 000	96 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	20 000
Expenditure	15 000	22 000	35 000	45 000
Operating Profit	−14 000	−22 000	−35 000	−25 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Earnings Before Tax	−14 000	−21 000	−35 000	−26 000
Tax	−3 000	−5 000	−8 000	−6 000
Net Income	−11 000	−16 000	−27 000	−20 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 000	25 000	25 000	22 000
Total Current Assets	29 000	38 000	31 000	71 000
Total Assets	53 000	63 000	56 000	92 000
Total Retained Equity	20 000	31 000	48 000	75 000
Total Equity	41 000	52 000	69 000	96 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	11 000	11 000	−13 000	−4 000
Total Equity and Debt	53 000	63 000	56 000	92 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	20 000
Other Income	0	0	0	0
Revenue	0	0	0	20 000
Cost of Goods Sold	0	0	4 000	21 000
Salary Costs	0	0	0	0
Depreciation	5 000	5 000	5 000	5 000
Impairment	0	0	0	0
Expenditure	15 000	22 000	35 000	45 000
Operating Profit	−14 000	−22 000	−35 000	−25 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Dividends	0	0	0	0
Net Income	−11 000	−16 000	−27 000	−20 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	21 000	17 000	13 000	5 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	3 000	8 000	12 000	17 000
Fixtures	0	0	0	0
Total Tangible Assets	3 000	8 000	12 000	17 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	24 000	25 000	25 000	22 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	29 000	38 000	25 000	65 000
Total Current Assets	29 000	38 000	31 000	71 000
Total Assets	53 000	63 000	56 000	92 000
Total Equity	41 000	52 000	69 000	96 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	2 000	2 000	−12 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	9 000	9 000	9 000	9 000
Total Current Debt	11 000	11 000	−13 000	−4 000
Total Equity and Debt	53 000	63 000	56 000	92 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,83 %	−30,77 %	−39,13 %	−20,83 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	−125 %
Current Ratio	2,64	3,45	−2,38	−17,75
Quick Ratio	2,64	3,45	−2,38	−17,75
Equity Ratio	0,77	0,83	1,23	1,04
Gross Profit Margin	-	-	-	−5 %