SITECO NORWAY AS

0275 OSLO

Finances

Share Ownership

Return on Equity

31,5 %

Current Ratio

1,39

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	104 649 000	75 277 000	73 861 000	51 913 000
Net Income	5 050 000	3 510 000	2 411 000	1 030 000
Total Assets	39 612 000	34 062 000	26 679 000	31 314 000
Total Equity	16 031 000	10 981 000	13 471 000	11 060 000

Income (NOK)	2022	2021	2020	2019
Revenue	104 649 000	75 277 000	73 861 000	51 913 000
Expenditure	98 044 000	70 724 000	70 766 000	50 551 000
Operating Profit	6 606 000	4 553 000	3 096 000	1 362 000
Financial Income	97 000	6 000	48 000	2 000
Financial Costs	202 000	55 000	41 000	9 000
Financial Balance	−105 000	−49 000	7 000	−7 000
Earnings Before Tax	6 501 000	4 504 000	3 103 000	1 355 000
Tax	1 451 000	994 000	692 000	325 000
Net Income	5 050 000	3 510 000	2 411 000	1 030 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 624 000	8 805 000	9 994 000	11 313 000
Total Current Assets	31 988 000	25 257 000	16 685 000	20 001 000
Total Assets	39 612 000	34 062 000	26 679 000	31 314 000
Total Retained Equity	6 001 000	951 000	3 441 000	1 030 000
Total Equity	16 031 000	10 981 000	13 471 000	11 060 000
Total Long-Term Debt	602 000	592 000	3 439 000	325 000
Total Current Debt	22 979 000	22 490 000	9 770 000	19 930 000
Total Equity and Debt	39 612 000	34 062 000	26 679 000	31 314 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	104 649 000	75 888 000	73 511 000	51 913 000
Other Income	0	−611 000	351 000	0
Revenue	104 649 000	75 277 000	73 861 000	51 913 000
Cost of Goods Sold	75 458 000	52 513 000	49 504 000	39 031 000
Salary Costs	15 064 000	12 674 000	13 286 000	8 054 000
Depreciation	1 196 000	1 231 000	1 320 000	680 000
Impairment	0	0	0	0
Expenditure	98 044 000	70 724 000	70 766 000	50 551 000
Operating Profit	6 606 000	4 553 000	3 096 000	1 362 000
Financial Income	97 000	6 000	48 000	2 000
Financial Costs	202 000	55 000	41 000	9 000
Financial Balance	−105 000	−49 000	7 000	−7 000
Dividends	0	0	0	0
Net Income	5 050 000	3 510 000	2 411 000	1 030 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	7 584 000	8 751 000	9 918 000	11 085 000
Total Intangible Assets	7 584 000	8 751 000	9 918 000	11 085 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	39 000	54 000	76 000	229 000
Total Tangible Assets	39 000	54 000	76 000	229 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 624 000	8 805 000	9 994 000	11 313 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	15 757 000	8 416 000	6 895 000	2 996 000
Total Current Assets	31 988 000	25 257 000	16 685 000	20 001 000
Total Assets	39 612 000	34 062 000	26 679 000	31 314 000
Total Equity	16 031 000	10 981 000	13 471 000	11 060 000
Short-Term Group Debt	3 012 000	4 936 000	0	0
Total Long-Term Debt	602 000	592 000	3 439 000	325 000
Creditors	3 416 000	2 823 000	2 517 000	2 966 000
Unpaid Taxes	5 019 000	3 256 000	3 465 000	5 578 000
Dividends	0	0	0	0
Other Current Debt	4 093 000	4 551 000	3 291 000	11 386 000
Total Current Debt	22 979 000	22 490 000	9 770 000	19 930 000
Total Equity and Debt	39 612 000	34 062 000	26 679 000	31 314 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,5 %	31,96 %	17,9 %	9,31 %
Debt-to-Equity Ratio	0,04	0,05	0,26	0,03
Operating Profit Margin	6,31 %	6,05 %	4,19 %	2,62 %
Current Ratio	1,39	1,12	1,71	1
Quick Ratio	1,39	1,12	1,71	1
Equity Ratio	0,4	0,32	0,5	0,35
Gross Profit Margin	27,89 %	30,24 %	32,98 %	24,81 %