IETT AS

0355 OSLO

Finances

Share Ownership

Return on Equity

58,92 %

Current Ratio

1,79

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 149 000	2 514 000	1 965 000	588 000
Net Income	294 000	128 000	111 000	−27 000
Total Assets	1 015 000	924 000	703 000	354 000
Total Equity	499 000	219 000	113 000	3 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 149 000	2 514 000	1 965 000	588 000
Expenditure	2 755 000	2 342 000	1 954 000	614 000
Operating Profit	394 000	173 000	11 000	−26 000
Financial Income	1 000	0	125 000	0
Financial Costs	11 000	9 000	1 000	1 000
Financial Balance	−10 000	−9 000	124 000	−1 000
Earnings Before Tax	384 000	165 000	134 000	−27 000
Tax	89 000	36 000	24 000	0
Net Income	294 000	128 000	111 000	−27 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	298 000	40 000	111 000	43 000
Total Current Assets	717 000	884 000	592 000	311 000
Total Assets	1 015 000	924 000	703 000	354 000
Total Retained Equity	469 000	189 000	83 000	−27 000
Total Equity	499 000	219 000	113 000	3 000
Total Long-Term Debt	116 000	0	0	0
Total Current Debt	400 000	705 000	589 000	352 000
Total Equity and Debt	1 015 000	924 000	703 000	354 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 173 000	2 486 000	1 969 000	589 000
Other Income	−24 000	28 000	−4 000	−1 000
Revenue	3 149 000	2 514 000	1 965 000	588 000
Cost of Goods Sold	1 363 000	1 050 000	1 040 000	397 000
Salary Costs	1 049 000	1 017 000	633 000	49 000
Depreciation	11 000	11 000	8 000	0
Impairment	0	0	0	0
Expenditure	2 755 000	2 342 000	1 954 000	614 000
Operating Profit	394 000	173 000	11 000	−26 000
Financial Income	1 000	0	125 000	0
Financial Costs	11 000	9 000	1 000	1 000
Financial Balance	−10 000	−9 000	124 000	−1 000
Dividends	0	0	0	0
Net Income	294 000	128 000	111 000	−27 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	1 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	298 000	39 000	111 000	0
Total Tangible Assets	298 000	39 000	111 000	0
Total Fiancial Fixed Assets	0	0	0	43 000
Total Fixed Assets	298 000	40 000	111 000	43 000
Stock	21 000	45 000	30 000	33 000
Total Investments	0	0	0	0
Cash, Bank	568 000	665 000	533 000	272 000
Total Current Assets	717 000	884 000	592 000	311 000
Total Assets	1 015 000	924 000	703 000	354 000
Total Equity	499 000	219 000	113 000	3 000
Short-Term Group Debt	48 000	30 000	0	0
Total Long-Term Debt	116 000	0	0	0
Creditors	17 000	−2 000	15 000	10 000
Unpaid Taxes	80 000	44 000	68 000	4 000
Dividends	0	0	0	0
Other Current Debt	187 000	602 000	484 000	337 000
Total Current Debt	400 000	705 000	589 000	352 000
Total Equity and Debt	1 015 000	924 000	703 000	354 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,92 %	58,45 %	98,23 %	−900 %
Debt-to-Equity Ratio	0,23	0	0	0
Operating Profit Margin	12,51 %	6,88 %	0,56 %	−4,42 %
Current Ratio	1,79	1,25	1,01	0,88
Quick Ratio	1,89	1,34	1,06	0,97
Equity Ratio	0,49	0,24	0,16	0,01
Gross Profit Margin	56,72 %	58,23 %	47,07 %	32,48 %