ECIT SOLUTIONS AS

3044 DRAMMEN

Finances

Share Ownership

Return on Equity

4,36 %

Current Ratio

1,14

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	460 288 000	201 032 000	175 078 000	100 349 000
Net Income	5 195 000	9 530 000	8 886 000	4 912 000
Total Assets	226 795 000	64 916 000	70 321 000	30 871 000
Total Equity	119 028 000	17 527 000	20 207 000	4 110 000

Income (NOK)	2022	2021	2020	2019
Revenue	460 288 000	201 032 000	175 078 000	100 349 000
Expenditure	452 976 000	188 101 000	163 228 000	94 091 000
Operating Profit	7 312 000	12 931 000	11 849 000	6 258 000
Financial Income	793 000	78 000	91 000	71 000
Financial Costs	865 000	49 000	43 000	8 000
Financial Balance	−72 000	29 000	48 000	63 000
Earnings Before Tax	7 240 000	12 960 000	11 897 000	6 321 000
Tax	2 045 000	3 430 000	3 011 000	1 408 000
Net Income	5 195 000	9 530 000	8 886 000	4 912 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	111 208 000	10 950 000	13 452 000	938 000
Total Current Assets	115 586 000	53 967 000	56 868 000	29 934 000
Total Assets	226 795 000	64 916 000	70 321 000	30 871 000
Total Retained Equity	0	−2 680 000	0	0
Total Equity	119 028 000	17 527 000	20 207 000	4 110 000
Total Long-Term Debt	6 764 000	0	48 000	77 000
Total Current Debt	101 003 000	47 389 000	50 066 000	26 685 000
Total Equity and Debt	226 795 000	64 916 000	70 321 000	30 871 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	454 634 000	199 256 000	172 926 000	99 809 000
Other Income	5 654 000	1 776 000	2 152 000	539 000
Revenue	460 288 000	201 032 000	175 078 000	100 349 000
Cost of Goods Sold	258 163 000	123 727 000	105 806 000	62 709 000
Salary Costs	141 540 000	48 941 000	44 294 000	25 207 000
Depreciation	17 575 000	3 406 000	2 160 000	220 000
Impairment	0	0	0	0
Expenditure	452 976 000	188 101 000	163 228 000	94 091 000
Operating Profit	7 312 000	12 931 000	11 849 000	6 258 000
Financial Income	793 000	78 000	91 000	71 000
Financial Costs	865 000	49 000	43 000	8 000
Financial Balance	−72 000	29 000	48 000	63 000
Dividends	9 000 000	12 210 000	11 941 000	6 048 000
Net Income	5 195 000	9 530 000	8 886 000	4 912 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	68 553 000	9 027 000	11 669 000	0
Total Intangible Assets	106 406 000	9 146 000	11 669 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 719 000	1 200 000	1 212 000	938 000
Total Tangible Assets	4 719 000	1 200 000	1 212 000	938 000
Total Fiancial Fixed Assets	84 000	604 000	571 000	0
Total Fixed Assets	111 208 000	10 950 000	13 452 000	938 000
Stock	2 872 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	18 000	13 000	1 696 000	8 648 000
Total Current Assets	115 586 000	53 967 000	56 868 000	29 934 000
Total Assets	226 795 000	64 916 000	70 321 000	30 871 000
Total Equity	119 028 000	17 527 000	20 207 000	4 110 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 764 000	0	48 000	77 000
Creditors	42 944 000	17 760 000	23 586 000	9 751 000
Unpaid Taxes	16 068 000	3 457 000	4 266 000	3 295 000
Dividends	9 000 000	12 210 000	11 941 000	6 048 000
Other Current Debt	29 049 000	10 366 000	8 762 000	6 226 000
Total Current Debt	101 003 000	47 389 000	50 066 000	26 685 000
Total Equity and Debt	226 795 000	64 916 000	70 321 000	30 871 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,36 %	54,37 %	43,97 %	119,51 %
Debt-to-Equity Ratio	0,06	0	0	0,02
Operating Profit Margin	1,59 %	6,43 %	6,77 %	6,24 %
Current Ratio	1,14	1,14	1,14	1,12
Quick Ratio	1,18	1,14	1,14	1,12
Equity Ratio	0,52	0,27	0,29	0,13
Gross Profit Margin	43,91 %	38,45 %	39,57 %	37,51 %