CITS V SERVICE (NORWAY) AS

0369 OSLO

Finances

Share Ownership

Return on Equity

61,45 %

Current Ratio

4,24

Debt-to-Equity Ratio

−1,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	462 000	429 000	1 102 000	3 260 000
Net Income	−5 849 000	−5 636 000	−4 125 000	−1 909 000
Total Assets	2 822 000	3 778 000	4 838 000	4 043 000
Total Equity	−9 519 000	−3 670 000	1 966 000	3 091 000

Income (NOK)	2022	2021	2020	2019
Revenue	462 000	429 000	1 102 000	3 260 000
Expenditure	5 420 000	5 629 000	5 302 000	5 168 000
Operating Profit	−4 959 000	−5 199 000	−4 199 000	−1 907 000
Financial Income	−647 000	3 000	82 000	1 000
Financial Costs	243 000	439 000	7 000	3 000
Financial Balance	−890 000	−436 000	75 000	−2 000
Earnings Before Tax	−5 849 000	−5 636 000	−4 125 000	−1 909 000
Tax	0	0	0	0
Net Income	−5 849 000	−5 636 000	−4 125 000	−1 909 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 145 000	1 593 000	2 076 000	2 541 000
Total Current Assets	1 678 000	2 184 000	2 762 000	1 502 000
Total Assets	2 822 000	3 778 000	4 838 000	4 043 000
Total Retained Equity	−17 519 000	−11 670 000	−6 034 000	−1 909 000
Total Equity	−9 519 000	−3 670 000	1 966 000	3 091 000
Total Long-Term Debt	11 945 000	6 906 000	395 000	0
Total Current Debt	396 000	542 000	2 477 000	952 000
Total Equity and Debt	2 822 000	3 778 000	4 838 000	4 043 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	462 000	429 000	1 102 000	3 260 000
Other Income	0	0	0	0
Revenue	462 000	429 000	1 102 000	3 260 000
Cost of Goods Sold	0	20 000	0	0
Salary Costs	3 280 000	2 999 000	2 130 000	1 595 000
Depreciation	448 000	483 000	482 000	148 000
Impairment	0	0	0	0
Expenditure	5 420 000	5 629 000	5 302 000	5 168 000
Operating Profit	−4 959 000	−5 199 000	−4 199 000	−1 907 000
Financial Income	−647 000	3 000	82 000	1 000
Financial Costs	243 000	439 000	7 000	3 000
Financial Balance	−890 000	−436 000	75 000	−2 000
Dividends	0	0	0	0
Net Income	−5 849 000	−5 636 000	−4 125 000	−1 909 000

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	1 145 000	1 593 000	2 076 000	2 541 000
Total Tangible Assets	1 145 000	1 593 000	2 076 000	2 541 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 145 000	1 593 000	2 076 000	2 541 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 142 000	1 672 000	2 159 000	1 201 000
Total Current Assets	1 678 000	2 184 000	2 762 000	1 502 000
Total Assets	2 822 000	3 778 000	4 838 000	4 043 000
Total Equity	−9 519 000	−3 670 000	1 966 000	3 091 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 945 000	6 906 000	395 000	0
Creditors	50 000	0	58 000	88 000
Unpaid Taxes	−1 000	0	203 000	20 000
Dividends	0	0	0	0
Other Current Debt	346 000	542 000	581 000	843 000
Total Current Debt	396 000	542 000	2 477 000	952 000
Total Equity and Debt	2 822 000	3 778 000	4 838 000	4 043 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,45 %	153,57 %	−209,82 %	−61,76 %
Debt-to-Equity Ratio	−1,25	−1,88	0,2	0
Operating Profit Margin	−1 073,38 %	−1 211,89 %	−381,03 %	−58,5 %
Current Ratio	4,24	4,03	1,12	1,58
Quick Ratio	4,24	4,03	1,12	1,58
Equity Ratio	−3,37	−0,97	0,41	0,76
Gross Profit Margin	100 %	95,34 %	100 %	100 %