ITSFUN AS

0185 OSLO

Finances

Return on Equity

29,34 %

Current Ratio

3,38

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 739 000	10 048 000	8 903 000	8 229 000
Net Income	828 000	870 000	604 000	782 000
Total Assets	3 964 000	3 907 000	2 666 000	2 778 000
Total Equity	2 822 000	2 744 000	1 874 000	1 270 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 739 000	10 048 000	8 903 000	8 229 000
Expenditure	8 656 000	8 928 000	8 128 000	7 228 000
Operating Profit	1 083 000	1 120 000	776 000	1 001 000
Financial Income	0	0	0	0
Financial Costs	0	0	2 000	0
Financial Balance	0	0	−2 000	0
Earnings Before Tax	1 083 000	1 120 000	774 000	1 002 000
Tax	255 000	250 000	171 000	219 000
Net Income	828 000	870 000	604 000	782 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	100 000	100 000	100 000	0
Total Current Assets	3 864 000	3 807 000	2 566 000	2 778 000
Total Assets	3 964 000	3 907 000	2 666 000	2 778 000
Total Retained Equity	2 447 000	2 244 000	1 374 000	770 000
Total Equity	2 822 000	2 744 000	1 874 000	1 270 000
Total Long-Term Debt	0	0	3 000	6 000
Total Current Debt	1 142 000	1 163 000	788 000	1 502 000
Total Equity and Debt	3 964 000	3 907 000	2 666 000	2 778 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 739 000	10 048 000	8 903 000	8 229 000
Other Income	0	0	0	0
Revenue	9 739 000	10 048 000	8 903 000	8 229 000
Cost of Goods Sold	8 280 000	8 648 000	7 430 000	6 995 000
Salary Costs	150 000	148 000	535 000	60 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	8 656 000	8 928 000	8 128 000	7 228 000
Operating Profit	1 083 000	1 120 000	776 000	1 001 000
Financial Income	0	0	0	0
Financial Costs	0	0	2 000	0
Financial Balance	0	0	−2 000	0
Dividends	0	0	0	0
Net Income	828 000	870 000	604 000	782 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	100 000	100 000	100 000	0
Total Fixed Assets	100 000	100 000	100 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 055 000	2 568 000	1 788 000	1 470 000
Total Current Assets	3 864 000	3 807 000	2 566 000	2 778 000
Total Assets	3 964 000	3 907 000	2 666 000	2 778 000
Total Equity	2 822 000	2 744 000	1 874 000	1 270 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	3 000	6 000
Creditors	812 000	813 000	486 000	1 181 000
Unpaid Taxes	60 000	82 000	116 000	107 000
Dividends	0	0	0	0
Other Current Debt	15 000	15 000	13 000	0
Total Current Debt	1 142 000	1 163 000	788 000	1 502 000
Total Equity and Debt	3 964 000	3 907 000	2 666 000	2 778 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,34 %	31,71 %	32,23 %	61,57 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,12 %	11,15 %	8,72 %	12,16 %
Current Ratio	3,38	3,27	3,26	1,85
Quick Ratio	3,38	3,27	3,26	1,85
Equity Ratio	0,71	0,7	0,7	0,46
Gross Profit Margin	14,98 %	13,93 %	16,54 %	15 %