BITSIT AS

1940 BJØRKELANGEN

Finances

Share Ownership

Return on Equity

57,83 %

Current Ratio

2,38

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	8 061 000	6 201 000	2 161 000
Net Income	1 112 000	548 000	234 000
Total Assets	3 314 000	2 282 000	1 236 000
Total Equity	1 923 000	811 000	264 000

Income (NOK)	2022	2021	2020
Revenue	8 061 000	6 201 000	2 161 000
Expenditure	6 639 000	5 501 000	1 862 000
Operating Profit	1 423 000	700 000	299 000
Financial Income	2 000	2 000	1 000
Financial Costs	0	0	0
Financial Balance	2 000	2 000	1 000
Earnings Before Tax	1 425 000	702 000	300 000
Tax	314 000	154 000	66 000
Net Income	1 112 000	548 000	234 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	3 314 000	2 282 000	1 236 000
Total Assets	3 314 000	2 282 000	1 236 000
Total Retained Equity	1 893 000	781 000	234 000
Total Equity	1 923 000	811 000	264 000
Total Long-Term Debt	0	0	0
Total Current Debt	1 391 000	1 471 000	972 000
Total Equity and Debt	3 314 000	2 282 000	1 236 000

Cash flow (NOK)	2022	2021	2020
Sales Income	8 061 000	6 230 000	2 131 000
Other Income	0	−30 000	30 000
Revenue	8 061 000	6 201 000	2 161 000
Cost of Goods Sold	2 939 000	2 192 000	1 014 000
Salary Costs	3 424 000	3 116 000	705 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	6 639 000	5 501 000	1 862 000
Operating Profit	1 423 000	700 000	299 000
Financial Income	2 000	2 000	1 000
Financial Costs	0	0	0
Financial Balance	2 000	2 000	1 000
Dividends	0	0	0
Net Income	1 112 000	548 000	234 000

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	2 966 000	2 122 000	914 000
Total Current Assets	3 314 000	2 282 000	1 236 000
Total Assets	3 314 000	2 282 000	1 236 000
Total Equity	1 923 000	811 000	264 000
Short-Term Group Debt	0	0	300 000
Total Long-Term Debt	0	0	0
Creditors	149 000	163 000	109 000
Unpaid Taxes	607 000	864 000	267 000
Dividends	0	0	0
Other Current Debt	321 000	289 000	229 000
Total Current Debt	1 391 000	1 471 000	972 000
Total Equity and Debt	3 314 000	2 282 000	1 236 000

Financial indicators	2022	2021	2020
Return on Equity	57,83 %	67,57 %	88,64 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	17,65 %	11,29 %	13,84 %
Current Ratio	2,38	1,55	1,27
Quick Ratio	2,38	1,55	1,27
Equity Ratio	0,58	0,36	0,21
Gross Profit Margin	63,54 %	64,65 %	53,08 %