HK BITS AS

7011 TRONDHEIM

Finances

Share Ownership

Return on Equity

−20,85 %

Current Ratio

1,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	6 171 000	6 054 000	4 461 000
Net Income	−138 000	655 000	445 000
Total Assets	1 734 000	2 503 000	1 730 000
Total Equity	662 000	801 000	545 000

Income (NOK)	2022	2021	2020
Revenue	6 171 000	6 054 000	4 461 000
Expenditure	6 308 000	5 198 000	3 871 000
Operating Profit	−137 000	856 000	589 000
Financial Income	1 000	1 000	0
Financial Costs	2 000	13 000	18 000
Financial Balance	−1 000	−12 000	−18 000
Earnings Before Tax	−138 000	844 000	571 000
Tax	0	189 000	126 000
Net Income	−138 000	655 000	445 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	15 000	0	0
Total Current Assets	1 718 000	2 503 000	1 730 000
Total Assets	1 734 000	2 503 000	1 730 000
Total Retained Equity	562 000	701 000	445 000
Total Equity	662 000	801 000	545 000
Total Long-Term Debt	0	0	0
Total Current Debt	1 071 000	1 703 000	1 185 000
Total Equity and Debt	1 734 000	2 503 000	1 730 000

Cash flow (NOK)	2022	2021	2020
Sales Income	5 910 000	5 790 000	4 362 000
Other Income	261 000	264 000	99 000
Revenue	6 171 000	6 054 000	4 461 000
Cost of Goods Sold	144 000	239 000	147 000
Salary Costs	5 179 000	4 120 000	3 088 000
Depreciation	0	0	0
Impairment	2 000	0	0
Expenditure	6 308 000	5 198 000	3 871 000
Operating Profit	−137 000	856 000	589 000
Financial Income	1 000	1 000	0
Financial Costs	2 000	13 000	18 000
Financial Balance	−1 000	−12 000	−18 000
Dividends	0	400 000	0
Net Income	−138 000	655 000	445 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	15 000	0	0
Total Tangible Assets	15 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	15 000	0	0
Stock	0	44 000	49 000
Total Investments	0	0	0
Cash, Bank	585 000	1 227 000	697 000
Total Current Assets	1 718 000	2 503 000	1 730 000
Total Assets	1 734 000	2 503 000	1 730 000
Total Equity	662 000	801 000	545 000
Short-Term Group Debt	10 000	0	0
Total Long-Term Debt	0	0	0
Creditors	122 000	128 000	165 000
Unpaid Taxes	427 000	407 000	431 000
Dividends	0	400 000	0
Other Current Debt	513 000	578 000	464 000
Total Current Debt	1 071 000	1 703 000	1 185 000
Total Equity and Debt	1 734 000	2 503 000	1 730 000

Financial indicators	2022	2021	2020
Return on Equity	−20,85 %	81,77 %	81,65 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−2,22 %	14,14 %	13,2 %
Current Ratio	1,6	1,47	1,46
Quick Ratio	1,6	1,51	1,52
Equity Ratio	0,38	0,32	0,32
Gross Profit Margin	97,67 %	96,05 %	96,7 %