ITECH AS

3533 TYRISTRAND

Finances

Return on Equity

−29,8 %

Current Ratio

11,41

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	119 000	157 000	136 000	157 000
Net Income	−132 000	−102 000	−134 000	−103 000
Total Assets	482 000	614 000	715 000	874 000
Total Equity	443 000	574 000	676 000	811 000

Income (NOK)	2022	2021	2020	2019
Revenue	119 000	157 000	136 000	157 000
Expenditure	253 000	261 000	276 000	270 000
Operating Profit	−135 000	−105 000	−140 000	−113 000
Financial Income	3 000	3 000	6 000	10 000
Financial Costs	0	0	0	0
Financial Balance	3 000	3 000	6 000	10 000
Earnings Before Tax	−132 000	−102 000	−134 000	−103 000
Tax	0	0	0	0
Net Income	−132 000	−102 000	−134 000	−103 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	46 000	57 000	72 000
Total Current Assets	445 000	568 000	657 000	802 000
Total Assets	482 000	614 000	715 000	874 000
Total Retained Equity	343 000	474 000	576 000	711 000
Total Equity	443 000	574 000	676 000	811 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	39 000	39 000	38 000	63 000
Total Equity and Debt	482 000	614 000	715 000	874 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	119 000	157 000	136 000	157 000
Other Income	0	0	0	0
Revenue	119 000	157 000	136 000	157 000
Cost of Goods Sold	0	0	0	0
Salary Costs	198 000	198 000	197 000	198 000
Depreciation	9 000	11 000	14 000	18 000
Impairment	0	0	0	0
Expenditure	253 000	261 000	276 000	270 000
Operating Profit	−135 000	−105 000	−140 000	−113 000
Financial Income	3 000	3 000	6 000	10 000
Financial Costs	0	0	0	0
Financial Balance	3 000	3 000	6 000	10 000
Dividends	0	0	0	0
Net Income	−132 000	−102 000	−134 000	−103 000

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	37 000	46 000	57 000	72 000
Fixtures	0	0	0	0
Total Tangible Assets	37 000	46 000	57 000	72 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	37 000	46 000	57 000	72 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	427 000	568 000	657 000	788 000
Total Current Assets	445 000	568 000	657 000	802 000
Total Assets	482 000	614 000	715 000	874 000
Total Equity	443 000	574 000	676 000	811 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	1 000
Unpaid Taxes	16 000	18 000	18 000	19 000
Dividends	0	0	0	0
Other Current Debt	23 000	21 000	20 000	44 000
Total Current Debt	39 000	39 000	38 000	63 000
Total Equity and Debt	482 000	614 000	715 000	874 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−29,8 %	−17,77 %	−19,82 %	−12,7 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−113,45 %	−66,88 %	−102,94 %	−71,97 %
Current Ratio	11,41	14,56	17,29	12,73
Quick Ratio	11,41	14,56	17,29	12,73
Equity Ratio	0,92	0,93	0,95	0,93
Gross Profit Margin	100 %	100 %	100 %	100 %