USEIT CONSULTING NORWAY AS

0166 OSLO

Finances

Share Ownership

Return on Equity

60,15 %

Current Ratio

1,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 162 000	4 532 000	240 000	72 000
Net Income	880 000	468 000	48 000	37 000
Total Assets	3 117 000	1 581 000	299 000	99 000
Total Equity	1 463 000	583 000	115 000	67 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 162 000	4 532 000	240 000	72 000
Expenditure	7 013 000	3 931 000	178 000	24 000
Operating Profit	1 149 000	600 000	62 000	48 000
Financial Income	2 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	2 000	0	0	0
Earnings Before Tax	1 150 000	600 000	62 000	48 000
Tax	270 000	132 000	14 000	10 000
Net Income	880 000	468 000	48 000	37 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	77 000	55 000	0	0
Total Current Assets	3 040 000	1 527 000	299 000	99 000
Total Assets	3 117 000	1 581 000	299 000	99 000
Total Retained Equity	1 433 000	553 000	85 000	37 000
Total Equity	1 463 000	583 000	115 000	67 000
Total Long-Term Debt	0	5 000	0	0
Total Current Debt	1 654 000	993 000	184 000	32 000
Total Equity and Debt	3 117 000	1 581 000	299 000	99 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 462 000	3 732 000	240 000	72 000
Other Income	1 700 000	800 000	0	0
Revenue	8 162 000	4 532 000	240 000	72 000
Cost of Goods Sold	1 988 000	1 259 000	0	0
Salary Costs	4 082 000	2 294 000	100 000	0
Depreciation	36 000	4 000	0	0
Impairment	0	0	0	0
Expenditure	7 013 000	3 931 000	178 000	24 000
Operating Profit	1 149 000	600 000	62 000	48 000
Financial Income	2 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	2 000	0	0	0
Dividends	0	0	0	0
Net Income	880 000	468 000	48 000	37 000

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	77 000	55 000	0	0
Total Tangible Assets	77 000	55 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	77 000	55 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 176 000	941 000	299 000	99 000
Total Current Assets	3 040 000	1 527 000	299 000	99 000
Total Assets	3 117 000	1 581 000	299 000	99 000
Total Equity	1 463 000	583 000	115 000	67 000
Short-Term Group Debt	0	0	8 000	0
Total Long-Term Debt	0	5 000	0	0
Creditors	308 000	33 000	20 000	3 000
Unpaid Taxes	697 000	496 000	41 000	17 000
Dividends	0	0	0	0
Other Current Debt	375 000	338 000	100 000	1 000
Total Current Debt	1 654 000	993 000	184 000	32 000
Total Equity and Debt	3 117 000	1 581 000	299 000	99 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,15 %	80,27 %	41,74 %	55,22 %
Debt-to-Equity Ratio	0	0,01	0	0
Operating Profit Margin	14,08 %	13,24 %	25,83 %	66,67 %
Current Ratio	1,84	1,54	1,63	3,09
Quick Ratio	1,84	1,54	1,63	3,09
Equity Ratio	0,47	0,37	0,38	0,68
Gross Profit Margin	75,64 %	72,22 %	100 %	100 %