ITAN AS INTERNATIONAL TRADING ASSISTANCE OF NORWAY

2050 JESSHEIM

Finances

Share Ownership

Return on Equity

−43,31 %

Current Ratio

0,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	50 000	50 000	177 000
Net Income	−68 000	−26 000	6 000	1 000
Total Assets	351 000	467 000	747 000	1 745 000
Total Equity	157 000	240 000	266 000	1 160 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	50 000	50 000	177 000
Expenditure	54 000	90 000	66 000	220 000
Operating Profit	−55 000	−40 000	−16 000	−43 000
Financial Income	−58 000	9 000	28 000	54 000
Financial Costs	0	2 000	4 000	10 000
Financial Balance	−58 000	7 000	24 000	44 000
Earnings Before Tax	−113 000	−33 000	8 000	1 000
Tax	−45 000	−7 000	2 000	0
Net Income	−68 000	−26 000	6 000	1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	350 000	375 000	400 000	400 000
Total Current Assets	1 000	92 000	347 000	1 345 000
Total Assets	351 000	467 000	747 000	1 745 000
Total Retained Equity	127 000	210 000	236 000	1 130 000
Total Equity	157 000	240 000	266 000	1 160 000
Total Long-Term Debt	157 000	168 000	311 000	359 000
Total Current Debt	36 000	59 000	170 000	226 000
Total Equity and Debt	351 000	467 000	747 000	1 745 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	50 000	50 000	77 000
Other Income	0	0	0	100 000
Revenue	0	50 000	50 000	177 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 000	1 000	1 000	6 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	54 000	90 000	66 000	220 000
Operating Profit	−55 000	−40 000	−16 000	−43 000
Financial Income	−58 000	9 000	28 000	54 000
Financial Costs	0	2 000	4 000	10 000
Financial Balance	−58 000	7 000	24 000	44 000
Dividends	15 000	0	900 000	2 055 000
Net Income	−68 000	−26 000	6 000	1 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	350 000	375 000	400 000	400 000
Total Fixed Assets	350 000	375 000	400 000	400 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	91 000	347 000	1 065 000
Total Current Assets	1 000	92 000	347 000	1 345 000
Total Assets	351 000	467 000	747 000	1 745 000
Total Equity	157 000	240 000	266 000	1 160 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	157 000	168 000	311 000	359 000
Creditors	3 000	16 000	3 000	−1 000
Unpaid Taxes	0	−4 000	−3 000	−2 000
Dividends	15 000	0	900 000	2 055 000
Other Current Debt	0	0	0	0
Total Current Debt	36 000	59 000	170 000	226 000
Total Equity and Debt	351 000	467 000	747 000	1 745 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−43,31 %	−10,83 %	2,26 %	0,09 %
Debt-to-Equity Ratio	1	0,7	1,17	0,31
Operating Profit Margin	-	−80 %	−32 %	−24,29 %
Current Ratio	0,03	1,56	2,04	5,95
Quick Ratio	0,03	1,56	2,04	5,95
Equity Ratio	0,45	0,51	0,36	0,66
Gross Profit Margin	-	100 %	100 %	100 %