ECIT SOLUTIONS DI AS

5105 EIDSVÅG I ÅSANE

Finances

Share Ownership

Return on Equity

227,65 %

Current Ratio

1,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 701 000	38 446 000	47 207 000	43 021 000
Net Income	7 287 000	3 961 000	11 084 000	7 624 000
Total Assets	19 159 000	13 906 000	21 904 000	19 646 000
Total Equity	3 201 000	3 201 000	3 201 000	5 212 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 701 000	38 446 000	47 207 000	43 021 000
Expenditure	34 522 000	33 385 000	33 106 000	33 301 000
Operating Profit	9 179 000	5 062 000	14 101 000	9 720 000
Financial Income	183 000	22 000	56 000	75 000
Financial Costs	16 000	7 000	24 000	19 000
Financial Balance	167 000	15 000	32 000	56 000
Earnings Before Tax	9 345 000	5 078 000	14 133 000	9 775 000
Tax	2 058 000	1 117 000	3 049 000	2 151 000
Net Income	7 287 000	3 961 000	11 084 000	7 624 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 947 000	1 564 000	1 303 000	1 111 000
Total Current Assets	17 212 000	12 342 000	20 601 000	18 536 000
Total Assets	19 159 000	13 906 000	21 904 000	19 646 000
Total Retained Equity	3 171 000	3 171 000	3 171 000	5 182 000
Total Equity	3 201 000	3 201 000	3 201 000	5 212 000
Total Long-Term Debt	0	0	10 000	7 000
Total Current Debt	15 957 000	10 704 000	18 693 000	14 427 000
Total Equity and Debt	19 159 000	13 906 000	21 904 000	19 646 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	43 246 000	38 264 000	47 121 000	42 841 000
Other Income	455 000	182 000	86 000	180 000
Revenue	43 701 000	38 446 000	47 207 000	43 021 000
Cost of Goods Sold	14 690 000	13 111 000	15 064 000	16 089 000
Salary Costs	13 007 000	14 743 000	14 161 000	13 567 000
Depreciation	555 000	417 000	419 000	411 000
Impairment	0	0	0	0
Expenditure	34 522 000	33 385 000	33 106 000	33 301 000
Operating Profit	9 179 000	5 062 000	14 101 000	9 720 000
Financial Income	183 000	22 000	56 000	75 000
Financial Costs	16 000	7 000	24 000	19 000
Financial Balance	167 000	15 000	32 000	56 000
Dividends	7 287 000	3 960 000	13 095 000	0
Net Income	7 287 000	3 961 000	11 084 000	7 624 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	132 000	101 000	0	0
Real Eastate	0	123 000	5 000	12 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 815 000	1 341 000	1 298 000	1 099 000
Total Tangible Assets	1 815 000	1 464 000	1 303 000	1 111 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 947 000	1 564 000	1 303 000	1 111 000
Stock	576 000	341 000	517 000	606 000
Total Investments	0	0	0	0
Cash, Bank	675 000	604 000	1 215 000	9 856 000
Total Current Assets	17 212 000	12 342 000	20 601 000	18 536 000
Total Assets	19 159 000	13 906 000	21 904 000	19 646 000
Total Equity	3 201 000	3 201 000	3 201 000	5 212 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	10 000	7 000
Creditors	2 948 000	1 818 000	2 320 000	3 501 000
Unpaid Taxes	651 000	865 000	982 000	2 111 000
Dividends	7 287 000	3 960 000	13 095 000	0
Other Current Debt	2 982 000	2 834 000	1 528 000	6 664 000
Total Current Debt	15 957 000	10 704 000	18 693 000	14 427 000
Total Equity and Debt	19 159 000	13 906 000	21 904 000	19 646 000

Financial indicators	2022	2021	2020	2019
Return on Equity	227,65 %	123,74 %	346,27 %	146,28 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	21 %	13,17 %	29,87 %	22,59 %
Current Ratio	1,08	1,15	1,1	1,28
Quick Ratio	1,12	1,19	1,13	1,34
Equity Ratio	0,17	0,23	0,15	0,27
Gross Profit Margin	66,39 %	65,9 %	68,09 %	62,6 %