VITRITECH NORWAY AS

2005 RÆLINGEN

Finances

Share Ownership

Return on Equity

2 627,69 %

Current Ratio

0,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	6 202 000	6 879 000	749 000
Net Income	3 416 000	4 257 000	−2 000
Total Assets	4 787 000	1 584 000	209 000
Total Equity	130 000	102 000	28 000

Income (NOK)	2022	2021	2020
Revenue	6 202 000	6 879 000	749 000
Expenditure	1 893 000	1 361 000	752 000
Operating Profit	4 309 000	5 518 000	−2 000
Financial Income	115 000	11 000	0
Financial Costs	44 000	71 000	0
Financial Balance	71 000	−60 000	0
Earnings Before Tax	4 381 000	5 458 000	−2 000
Tax	965 000	1 201 000	−1 000
Net Income	3 416 000	4 257 000	−2 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	802 000	802 000	1 000
Total Current Assets	3 985 000	782 000	208 000
Total Assets	4 787 000	1 584 000	209 000
Total Retained Equity	100 000	72 000	−2 000
Total Equity	130 000	102 000	28 000
Total Long-Term Debt	0	0	0
Total Current Debt	4 657 000	1 482 000	181 000
Total Equity and Debt	4 787 000	1 584 000	209 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 202 000	6 879 000	749 000
Other Income	0	0	0
Revenue	6 202 000	6 879 000	749 000
Cost of Goods Sold	0	0	0
Salary Costs	1 616 000	1 178 000	733 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	1 893 000	1 361 000	752 000
Operating Profit	4 309 000	5 518 000	−2 000
Financial Income	115 000	11 000	0
Financial Costs	44 000	71 000	0
Financial Balance	71 000	−60 000	0
Dividends	3 388 000	4 184 000	0
Net Income	3 416 000	4 257 000	−2 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	1 000
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	802 000	802 000	0
Total Fixed Assets	802 000	802 000	1 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	3 950 000	782 000	208 000
Total Current Assets	3 985 000	782 000	208 000
Total Assets	4 787 000	1 584 000	209 000
Total Equity	130 000	102 000	28 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	7 000	21 000	0
Unpaid Taxes	121 000	143 000	181 000
Dividends	3 388 000	4 184 000	0
Other Current Debt	177 000	118 000	0
Total Current Debt	4 657 000	1 482 000	181 000
Total Equity and Debt	4 787 000	1 584 000	209 000

Financial indicators	2022	2021	2020
Return on Equity	2 627,69 %	4 173,53 %	−7,14 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	69,48 %	80,22 %	−0,27 %
Current Ratio	0,86	0,53	1,15
Quick Ratio	0,86	0,53	1,15
Equity Ratio	0,03	0,06	0,13
Gross Profit Margin	100 %	100 %	100 %