ITO AS

5057 BERGEN

Finances

Share Ownership

Return on Equity

35,13 %

Current Ratio

0,06

Debt-to-Equity Ratio

−0,5

Key figures (NOK)	2022	2021	2020
Revenue	0	72 000	700 000
Net Income	−4 039 000	−6 451 000	−4 673 000
Total Assets	351 000	1 592 000	1 347 000
Total Equity	−11 496 000	−8 456 000	−4 638 000

Income (NOK)	2022	2021	2020
Revenue	0	72 000	700 000
Expenditure	3 368 000	5 984 000	5 235 000
Operating Profit	−3 368 000	−5 912 000	−4 534 000
Financial Income	3 000	18 000	42 000
Financial Costs	674 000	557 000	180 000
Financial Balance	−671 000	−539 000	−138 000
Earnings Before Tax	−4 039 000	−6 451 000	−4 673 000
Tax	0	0	0
Net Income	−4 039 000	−6 451 000	−4 673 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	351 000	1 592 000	1 347 000
Total Assets	351 000	1 592 000	1 347 000
Total Retained Equity	−12 617 000	−9 521 000	−4 673 000
Total Equity	−11 496 000	−8 456 000	−4 638 000
Total Long-Term Debt	5 700 000	5 200 000	2 000 000
Total Current Debt	6 146 000	4 848 000	3 985 000
Total Equity and Debt	351 000	1 592 000	1 347 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	72 000	0
Other Income	0	0	700 000
Revenue	0	72 000	700 000
Cost of Goods Sold	0	0	0
Salary Costs	2 512 000	844 000	659 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	3 368 000	5 984 000	5 235 000
Operating Profit	−3 368 000	−5 912 000	−4 534 000
Financial Income	3 000	18 000	42 000
Financial Costs	674 000	557 000	180 000
Financial Balance	−671 000	−539 000	−138 000
Dividends	0	0	0
Net Income	−4 039 000	−6 451 000	−4 673 000

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	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	33 000	76 000	71 000
Total Current Assets	351 000	1 592 000	1 347 000
Total Assets	351 000	1 592 000	1 347 000
Total Equity	−11 496 000	−8 456 000	−4 638 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	5 700 000	5 200 000	2 000 000
Creditors	418 000	776 000	309 000
Unpaid Taxes	328 000	124 000	101 000
Dividends	0	0	0
Other Current Debt	2 681 000	324 000	161 000
Total Current Debt	6 146 000	4 848 000	3 985 000
Total Equity and Debt	351 000	1 592 000	1 347 000

Financial indicators	2022	2021	2020
Return on Equity	35,13 %	76,29 %	100,75 %
Debt-to-Equity Ratio	−0,5	−0,61	−0,43
Operating Profit Margin	-	−8 211,11 %	−647,71 %
Current Ratio	0,06	0,33	0,34
Quick Ratio	0,06	0,33	0,34
Equity Ratio	−32,75	−5,31	−3,44
Gross Profit Margin	-	100 %	100 %