VITEC SHARED SERVICES AS

0185 OSLO

Finances

Share Ownership

Return on Equity

−2 195,7 %

Current Ratio

0,83

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 088 000	15 911 000	16 139 000	11 621 000
Net Income	−2 042 000	−1 138 000	−1 120 000	−475 000
Total Assets	3 644 000	2 407 000	3 042 000	1 073 000
Total Equity	93 000	104 000	133 000	88 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 088 000	15 911 000	16 139 000	11 621 000
Expenditure	20 651 000	17 332 000	17 558 000	12 230 000
Operating Profit	−2 562 000	−1 421 000	−1 418 000	−608 000
Financial Income	1 000	0	0	0
Financial Costs	57 000	38 000	18 000	0
Financial Balance	−56 000	−38 000	−18 000	0
Earnings Before Tax	−2 618 000	−1 459 000	−1 436 000	−609 000
Tax	−576 000	−321 000	−316 000	−134 000
Net Income	−2 042 000	−1 138 000	−1 120 000	−475 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	691 000	652 000	859 000	45 000
Total Current Assets	2 953 000	1 755 000	2 182 000	1 028 000
Total Assets	3 644 000	2 407 000	3 042 000	1 073 000
Total Retained Equity	63 000	74 000	103 000	58 000
Total Equity	93 000	104 000	133 000	88 000
Total Long-Term Debt	2 000	5 000	13 000	1 000
Total Current Debt	3 549 000	2 298 000	2 896 000	984 000
Total Equity and Debt	3 644 000	2 407 000	3 042 000	1 073 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 088 000	15 911 000	16 139 000	11 621 000
Other Income	0	0	0	0
Revenue	18 088 000	15 911 000	16 139 000	11 621 000
Cost of Goods Sold	965 000	505 000	808 000	1 414 000
Salary Costs	6 087 000	5 125 000	5 481 000	2 642 000
Depreciation	245 000	207 000	109 000	7 000
Impairment	0	0	0	0
Expenditure	20 651 000	17 332 000	17 558 000	12 230 000
Operating Profit	−2 562 000	−1 421 000	−1 418 000	−608 000
Financial Income	1 000	0	0	0
Financial Costs	57 000	38 000	18 000	0
Financial Balance	−56 000	−38 000	−18 000	0
Dividends	0	0	0	0
Net Income	−2 042 000	−1 138 000	−1 120 000	−475 000

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	255 000	22 000	33 000	45 000
Fixtures	436 000	630 000	826 000	0
Total Tangible Assets	691 000	652 000	859 000	45 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	691 000	652 000	859 000	45 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	252 000	221 000	236 000	139 000
Total Current Assets	2 953 000	1 755 000	2 182 000	1 028 000
Total Assets	3 644 000	2 407 000	3 042 000	1 073 000
Total Equity	93 000	104 000	133 000	88 000
Short-Term Group Debt	1 628 000	703 000	1 200 000	0
Total Long-Term Debt	2 000	5 000	13 000	1 000
Creditors	188 000	257 000	838 000	274 000
Unpaid Taxes	969 000	783 000	319 000	460 000
Dividends	0	0	0	0
Other Current Debt	763 000	555 000	539 000	250 000
Total Current Debt	3 549 000	2 298 000	2 896 000	984 000
Total Equity and Debt	3 644 000	2 407 000	3 042 000	1 073 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2 195,7 %	−1 094,23 %	−842,11 %	−539,77 %
Debt-to-Equity Ratio	0,02	0,05	0,1	0,01
Operating Profit Margin	−14,16 %	−8,93 %	−8,79 %	−5,23 %
Current Ratio	0,83	0,76	0,75	1,04
Quick Ratio	0,83	0,76	0,75	1,04
Equity Ratio	0,03	0,04	0,04	0,08
Gross Profit Margin	94,66 %	96,83 %	94,99 %	87,83 %