BITNICS AS

2849 KAPP

Finances

Return on Equity

139,6 %

Current Ratio

1,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	318 000	106 000	65 000	24 000
Net Income	141 000	42 000	36 000	7 000
Total Assets	296 000	162 000	120 000	68 000
Total Equity	101 000	60 000	97 000	61 000

Income (NOK)	2022	2021	2020	2019
Revenue	318 000	106 000	65 000	24 000
Expenditure	138 000	53 000	18 000	17 000
Operating Profit	180 000	53 000	46 000	7 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	180 000	53 000	46 000	7 000
Tax	40 000	12 000	10 000	0
Net Income	141 000	42 000	36 000	7 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	50 000	50 000	50 000	50 000
Total Current Assets	246 000	112 000	70 000	18 000
Total Assets	296 000	162 000	120 000	68 000
Total Retained Equity	46 000	6 000	43 000	7 000
Total Equity	101 000	60 000	97 000	61 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	195 000	102 000	23 000	7 000
Total Equity and Debt	296 000	162 000	120 000	68 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	318 000	106 000	73 000	16 000
Other Income	0	0	−8 000	8 000
Revenue	318 000	106 000	65 000	24 000
Cost of Goods Sold	40 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	138 000	53 000	18 000	17 000
Operating Profit	180 000	53 000	46 000	7 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	100 000	79 000	0	0
Net Income	141 000	42 000	36 000	7 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	50 000	50 000	50 000	50 000
Total Fixed Assets	50 000	50 000	50 000	50 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	93 000	86 000	7 000	2 000
Total Current Assets	246 000	112 000	70 000	18 000
Total Assets	296 000	162 000	120 000	68 000
Total Equity	101 000	60 000	97 000	61 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	6 000	7 000	7 000
Unpaid Taxes	50 000	5 000	5 000	0
Dividends	100 000	79 000	0	0
Other Current Debt	6 000	0	0	0
Total Current Debt	195 000	102 000	23 000	7 000
Total Equity and Debt	296 000	162 000	120 000	68 000

Financial indicators	2022	2021	2020	2019
Return on Equity	139,6 %	70 %	37,11 %	11,48 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	56,6 %	50 %	70,77 %	29,17 %
Current Ratio	1,26	1,1	3,04	2,57
Quick Ratio	1,26	1,1	3,04	2,57
Equity Ratio	0,34	0,37	0,81	0,9
Gross Profit Margin	87,42 %	100 %	100 %	100 %