ECIT DIGITAL SOFTWARE AS

7898 LIMINGEN

Finances

Return on Equity

244,84 %

Current Ratio

0,05

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	18 984 000	17 361 000	10 627 000
Net Income	−12 871 000	−7 358 000	−52 000
Total Assets	72 554 000	56 885 000	10 168 000
Total Equity	−5 257 000	−7 386 000	−28 000

Income (NOK)	2022	2021	2020
Revenue	18 984 000	17 361 000	10 627 000
Expenditure	34 384 000	26 620 000	10 558 000
Operating Profit	−15 399 000	−9 259 000	68 000
Financial Income	1 201 000	740 000	31 000
Financial Costs	2 474 000	911 000	168 000
Financial Balance	−1 273 000	−171 000	−137 000
Earnings Before Tax	−16 673 000	−9 430 000	−69 000
Tax	−3 801 000	−2 072 000	−16 000
Net Income	−12 871 000	−7 358 000	−52 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	68 685 000	52 770 000	7 504 000
Total Current Assets	3 869 000	4 115 000	2 664 000
Total Assets	72 554 000	56 885 000	10 168 000
Total Retained Equity	−5 437 000	−7 410 000	−52 000
Total Equity	−5 257 000	−7 386 000	−28 000
Total Long-Term Debt	0	0	0
Total Current Debt	77 811 000	64 271 000	10 196 000
Total Equity and Debt	72 554 000	56 885 000	10 168 000

Cash flow (NOK)	2022	2021	2020
Sales Income	16 726 000	17 361 000	10 627 000
Other Income	2 258 000	0	0
Revenue	18 984 000	17 361 000	10 627 000
Cost of Goods Sold	3 990 000	4 152 000	6 539 000
Salary Costs	17 718 000	15 311 000	2 382 000
Depreciation	6 823 000	3 125 000	792 000
Impairment	0	0	0
Expenditure	34 384 000	26 620 000	10 558 000
Operating Profit	−15 399 000	−9 259 000	68 000
Financial Income	1 201 000	740 000	31 000
Financial Costs	2 474 000	911 000	168 000
Financial Balance	−1 273 000	−171 000	−137 000
Dividends	0	0	0
Net Income	−12 871 000	−7 358 000	−52 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	60 479 000	44 285 000	7 147 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	277 000	200 000	0
Total Tangible Assets	277 000	200 000	0
Total Fiancial Fixed Assets	7 928 000	8 285 000	357 000
Total Fixed Assets	68 685 000	52 770 000	7 504 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	264 000	204 000	1 118 000
Total Current Assets	3 869 000	4 115 000	2 664 000
Total Assets	72 554 000	56 885 000	10 168 000
Total Equity	−5 257 000	−7 386 000	−28 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	1 634 000	2 902 000	2 291 000
Unpaid Taxes	1 550 000	958 000	829 000
Dividends	0	0	0
Other Current Debt	74 627 000	60 411 000	7 076 000
Total Current Debt	77 811 000	64 271 000	10 196 000
Total Equity and Debt	72 554 000	56 885 000	10 168 000

Financial indicators	2022	2021	2020
Return on Equity	244,84 %	99,62 %	185,71 %
Debt-to-Equity Ratio	−0	−0	−0
Operating Profit Margin	−81,12 %	−53,33 %	0,64 %
Current Ratio	0,05	0,06	0,26
Quick Ratio	0,05	0,06	0,26
Equity Ratio	−0,07	−0,13	−0
Gross Profit Margin	78,98 %	76,08 %	38,47 %