TITTEL AS

1850 MYSEN

Finances

Share Ownership

Return on Equity

48,63 %

Current Ratio

3,45

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020
Revenue	643 000	366 000	326 000
Net Income	124 000	40 000	60 000
Total Assets	340 000	191 000	154 000
Total Equity	255 000	130 000	90 000

Income (NOK)	2022	2021	2020
Revenue	643 000	366 000	326 000
Expenditure	484 000	314 000	249 000
Operating Profit	159 000	52 000	77 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	159 000	52 000	77 000
Tax	35 000	11 000	17 000
Net Income	124 000	40 000	60 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	50 000	0	0
Total Current Assets	290 000	191 000	154 000
Total Assets	340 000	191 000	154 000
Total Retained Equity	225 000	100 000	60 000
Total Equity	255 000	130 000	90 000
Total Long-Term Debt	2 000	0	0
Total Current Debt	84 000	61 000	65 000
Total Equity and Debt	340 000	191 000	154 000

Cash flow (NOK)	2022	2021	2020
Sales Income	641 000	366 000	326 000
Other Income	1 000	0	0
Revenue	643 000	366 000	326 000
Cost of Goods Sold	4 000	0	0
Salary Costs	293 000	261 000	221 000
Depreciation	12 000	0	0
Impairment	0	0	0
Expenditure	484 000	314 000	249 000
Operating Profit	159 000	52 000	77 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	124 000	40 000	60 000

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	50 000	0	0
Total Tangible Assets	50 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	50 000	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	276 000	39 000	104 000
Total Current Assets	290 000	191 000	154 000
Total Assets	340 000	191 000	154 000
Total Equity	255 000	130 000	90 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 000	0	0
Creditors	6 000	0	6 000
Unpaid Taxes	31 000	19 000	18 000
Dividends	0	0	0
Other Current Debt	13 000	31 000	24 000
Total Current Debt	84 000	61 000	65 000
Total Equity and Debt	340 000	191 000	154 000

Financial indicators	2022	2021	2020
Return on Equity	48,63 %	30,77 %	66,67 %
Debt-to-Equity Ratio	0,01	0	0
Operating Profit Margin	24,73 %	14,21 %	23,62 %
Current Ratio	3,45	3,13	2,37
Quick Ratio	3,45	3,13	2,37
Equity Ratio	0,75	0,68	0,58
Gross Profit Margin	99,38 %	100 %	100 %