ITEL AS

3112 TØNSBERG

Finances

Share Ownership

Return on Equity

42,4 %

Current Ratio

1,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 138 000	22 018 000	22 559 000	22 058 000
Net Income	3 026 000	3 030 000	4 380 000	2 773 000
Total Assets	13 253 000	12 349 000	14 595 000	14 050 000
Total Equity	7 136 000	7 110 000	8 380 000	4 000 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 138 000	22 018 000	22 559 000	22 058 000
Expenditure	21 265 000	18 144 000	16 930 000	18 502 000
Operating Profit	3 873 000	3 874 000	5 628 000	3 556 000
Financial Income	7 000	10 000	1 000	3 000
Financial Costs	0	0	7 000	3 000
Financial Balance	7 000	10 000	−6 000	0
Earnings Before Tax	3 880 000	3 884 000	5 622 000	3 556 000
Tax	853 000	854 000	1 242 000	783 000
Net Income	3 026 000	3 030 000	4 380 000	2 773 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 000 000	1 683 000	761 000	1 288 000
Total Current Assets	11 253 000	10 666 000	13 834 000	12 762 000
Total Assets	13 253 000	12 349 000	14 595 000	14 050 000
Total Retained Equity	7 036 000	7 010 000	8 280 000	3 900 000
Total Equity	7 136 000	7 110 000	8 380 000	4 000 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 117 000	5 239 000	6 215 000	10 050 000
Total Equity and Debt	13 253 000	12 349 000	14 595 000	14 050 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 037 000	22 013 000	22 559 000	22 058 000
Other Income	101 000	6 000	0	0
Revenue	25 138 000	22 018 000	22 559 000	22 058 000
Cost of Goods Sold	3 662 000	912 000	1 426 000	1 015 000
Salary Costs	13 777 000	13 287 000	11 840 000	13 440 000
Depreciation	284 000	508 000	567 000	770 000
Impairment	0	0	0	0
Expenditure	21 265 000	18 144 000	16 930 000	18 502 000
Operating Profit	3 873 000	3 874 000	5 628 000	3 556 000
Financial Income	7 000	10 000	1 000	3 000
Financial Costs	0	0	7 000	3 000
Financial Balance	7 000	10 000	−6 000	0
Dividends	0	0	0	4 461 000
Net Income	3 026 000	3 030 000	4 380 000	2 773 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	52 000	176 000	210 000	170 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 948 000	1 507 000	0	0
Fixtures	0	0	541 000	1 108 000
Total Tangible Assets	1 948 000	1 507 000	541 000	1 108 000
Total Fiancial Fixed Assets	0	0	10 000	10 000
Total Fixed Assets	2 000 000	1 683 000	761 000	1 288 000
Stock	120 000	20 000	34 000	37 000
Total Investments	0	0	0	0
Cash, Bank	3 540 000	3 665 000	5 516 000	5 833 000
Total Current Assets	11 253 000	10 666 000	13 834 000	12 762 000
Total Assets	13 253 000	12 349 000	14 595 000	14 050 000
Total Equity	7 136 000	7 110 000	8 380 000	4 000 000
Short-Term Group Debt	0	0	520 000	0
Total Long-Term Debt	0	0	0	0
Creditors	583 000	633 000	375 000	182 000
Unpaid Taxes	2 878 000	2 366 000	2 884 000	2 790 000
Dividends	0	0	0	4 461 000
Other Current Debt	1 926 000	1 419 000	1 153 000	1 779 000
Total Current Debt	6 117 000	5 239 000	6 215 000	10 050 000
Total Equity and Debt	13 253 000	12 349 000	14 595 000	14 050 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,4 %	42,62 %	52,27 %	69,33 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	15,41 %	17,59 %	24,95 %	16,12 %
Current Ratio	1,84	2,04	2,23	1,27
Quick Ratio	1,88	2,04	2,24	1,27
Equity Ratio	0,54	0,58	0,57	0,28
Gross Profit Margin	85,43 %	95,86 %	93,68 %	95,4 %