INITAS AS

1607 FREDRIKSTAD

Finances

Return on Equity

−10,36 %

Current Ratio

0,34

Debt-to-Equity Ratio

−2,68

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 540 000	1 447 000	1 481 000	1 306 000
Net Income	282 000	263 000	−341 000	−996 000
Total Assets	5 739 000	5 577 000	5 711 000	6 268 000
Total Equity	−2 722 000	−3 004 000	−3 267 000	−2 926 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 540 000	1 447 000	1 481 000	1 306 000
Expenditure	1 089 000	944 000	1 006 000	2 276 000
Operating Profit	451 000	503 000	476 000	−970 000
Financial Income	0	0	70 000	0
Financial Costs	237 000	166 000	863 000	345 000
Financial Balance	−237 000	−166 000	−793 000	−345 000
Earnings Before Tax	214 000	337 000	−317 000	−1 315 000
Tax	−68 000	74 000	24 000	−319 000
Net Income	282 000	263 000	−341 000	−996 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 341 000	5 083 000	5 339 000	5 982 000
Total Current Assets	398 000	493 000	372 000	286 000
Total Assets	5 739 000	5 577 000	5 711 000	6 268 000
Total Retained Equity	−2 822 000	−3 104 000	−3 367 000	−3 026 000
Total Equity	−2 722 000	−3 004 000	−3 267 000	−2 926 000
Total Long-Term Debt	7 285 000	7 530 000	7 471 000	7 967 000
Total Current Debt	1 176 000	1 050 000	1 507 000	1 227 000
Total Equity and Debt	5 739 000	5 577 000	5 711 000	6 268 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 540 000	1 369 000	1 481 000	1 306 000
Other Income	0	79 000	0	0
Revenue	1 540 000	1 447 000	1 481 000	1 306 000
Cost of Goods Sold	0	0	0	0
Salary Costs	118 000	158 000	234 000	127 000
Depreciation	110 000	132 000	160 000	161 000
Impairment	0	0	0	0
Expenditure	1 089 000	944 000	1 006 000	2 276 000
Operating Profit	451 000	503 000	476 000	−970 000
Financial Income	0	0	70 000	0
Financial Costs	237 000	166 000	863 000	345 000
Financial Balance	−237 000	−166 000	−793 000	−345 000
Dividends	0	0	0	0
Net Income	282 000	263 000	−341 000	−996 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	757 000	688 000	763 000	786 000
Real Eastate	4 397 000	4 182 000	4 271 000	4 283 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	88 000	112 000	206 000	287 000
Total Tangible Assets	4 485 000	4 295 000	4 477 000	4 570 000
Total Fiancial Fixed Assets	100 000	100 000	100 000	625 000
Total Fixed Assets	5 341 000	5 083 000	5 339 000	5 982 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	144 000	336 000	137 000	55 000
Total Current Assets	398 000	493 000	372 000	286 000
Total Assets	5 739 000	5 577 000	5 711 000	6 268 000
Total Equity	−2 722 000	−3 004 000	−3 267 000	−2 926 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 285 000	7 530 000	7 471 000	7 967 000
Creditors	83 000	10 000	104 000	104 000
Unpaid Taxes	71 000	68 000	35 000	54 000
Dividends	0	0	0	0
Other Current Debt	1 023 000	972 000	1 368 000	1 069 000
Total Current Debt	1 176 000	1 050 000	1 507 000	1 227 000
Total Equity and Debt	5 739 000	5 577 000	5 711 000	6 268 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,36 %	−8,75 %	10,44 %	34,04 %
Debt-to-Equity Ratio	−2,68	−2,51	−2,29	−2,72
Operating Profit Margin	29,29 %	34,76 %	32,14 %	−74,27 %
Current Ratio	0,34	0,47	0,25	0,23
Quick Ratio	0,34	0,47	0,25	0,23
Equity Ratio	−0,47	−0,54	−0,57	−0,47
Gross Profit Margin	100 %	100 %	100 %	100 %