ECIT NORMANN & ØYGARDEN AS

4847 ARENDAL

Finances

Return on Equity

622,96 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 790 000	30 971 000	29 476 000	26 644 000
Net Income	5 968 000	5 611 000	4 551 000	1 985 000
Total Assets	14 222 000	13 624 000	12 385 000	9 329 000
Total Equity	958 000	1 650 000	1 735 000	2 243 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 790 000	30 971 000	29 476 000	26 644 000
Expenditure	25 012 000	23 790 000	23 518 000	24 154 000
Operating Profit	7 778 000	7 182 000	5 958 000	2 491 000
Financial Income	117 000	12 000	30 000	61 000
Financial Costs	189 000	0	119 000	5 000
Financial Balance	−72 000	12 000	−89 000	56 000
Earnings Before Tax	7 706 000	7 193 000	5 869 000	2 546 000
Tax	1 738 000	1 582 000	1 318 000	561 000
Net Income	5 968 000	5 611 000	4 551 000	1 985 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	575 000	1 183 000	1 458 000	2 050 000
Total Current Assets	13 646 000	12 441 000	10 927 000	7 279 000
Total Assets	14 222 000	13 624 000	12 385 000	9 329 000
Total Retained Equity	0	0	0	224 000
Total Equity	958 000	1 650 000	1 735 000	2 243 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	13 263 000	11 974 000	10 650 000	7 086 000
Total Equity and Debt	14 222 000	13 624 000	12 385 000	9 329 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 790 000	30 971 000	29 476 000	26 644 000
Other Income	0	0	0	0
Revenue	32 790 000	30 971 000	29 476 000	26 644 000
Cost of Goods Sold	1 767 000	1 408 000	1 014 000	569 000
Salary Costs	17 897 000	17 362 000	17 064 000	16 020 000
Depreciation	286 000	251 000	289 000	388 000
Impairment	0	0	0	108 000
Expenditure	25 012 000	23 790 000	23 518 000	24 154 000
Operating Profit	7 778 000	7 182 000	5 958 000	2 491 000
Financial Income	117 000	12 000	30 000	61 000
Financial Costs	189 000	0	119 000	5 000
Financial Balance	−72 000	12 000	−89 000	56 000
Dividends	6 660 000	5 696 000	5 059 000	2 187 000
Net Income	5 968 000	5 611 000	4 551 000	1 985 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	58 000	158 000	258 000	808 000
Total Intangible Assets	212 000	255 000	379 000	1 157 000
Real Eastate	91 000	8 000	11 000	14 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	272 000	259 000	406 000	558 000
Total Tangible Assets	363 000	266 000	417 000	572 000
Total Fiancial Fixed Assets	0	662 000	662 000	320 000
Total Fixed Assets	575 000	1 183 000	1 458 000	2 050 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	668 000	601 000	692 000	3 146 000
Total Current Assets	13 646 000	12 441 000	10 927 000	7 279 000
Total Assets	14 222 000	13 624 000	12 385 000	9 329 000
Total Equity	958 000	1 650 000	1 735 000	2 243 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	574 000	506 000	480 000	329 000
Unpaid Taxes	1 982 000	1 931 000	1 871 000	1 646 000
Dividends	6 660 000	5 696 000	5 059 000	2 187 000
Other Current Debt	2 252 000	2 283 000	2 151 000	2 436 000
Total Current Debt	13 263 000	11 974 000	10 650 000	7 086 000
Total Equity and Debt	14 222 000	13 624 000	12 385 000	9 329 000

Financial indicators	2022	2021	2020	2019
Return on Equity	622,96 %	340,06 %	262,31 %	88,5 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	23,72 %	23,19 %	20,21 %	9,35 %
Current Ratio	1,03	1,04	1,03	1,03
Quick Ratio	1,03	1,04	1,03	1,03
Equity Ratio	0,07	0,12	0,14	0,24
Gross Profit Margin	94,61 %	95,45 %	96,56 %	97,86 %