RITEK AS

5012 BERGEN

Finances

Return on Equity

20,21 %

Current Ratio

4,89

Debt-to-Equity Ratio

0,54

Key figures (NOK)	2022	2021	2020	2019
Revenue	101 039 000	89 074 000	69 182 000	82 030 000
Net Income	17 182 000	12 742 000	1 467 000	−2 454 000
Total Assets	157 553 000	138 557 000	129 770 000	126 225 000
Total Equity	85 007 000	70 403 000	65 011 000	61 826 000

Income (NOK)	2022	2021	2020	2019
Revenue	101 039 000	89 074 000	69 182 000	82 030 000
Expenditure	79 650 000	79 530 000	65 681 000	77 401 000
Operating Profit	21 389 000	9 544 000	3 502 000	4 629 000
Financial Income	124 000	5 064 000	193 000	196 000
Financial Costs	2 705 000	1 502 000	2 283 000	2 126 000
Financial Balance	−2 581 000	3 562 000	−2 090 000	−1 930 000
Earnings Before Tax	18 808 000	13 106 000	1 412 000	2 699 000
Tax	1 626 000	364 000	−55 000	599 000
Net Income	17 182 000	12 742 000	1 467 000	−2 454 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	26 639 000	27 941 000	27 334 000	28 887 000
Total Current Assets	130 914 000	110 616 000	102 436 000	97 338 000
Total Assets	157 553 000	138 557 000	129 770 000	126 225 000
Total Retained Equity	84 057 000	69 453 000	64 061 000	71 474 000
Total Equity	85 007 000	70 403 000	65 011 000	61 826 000
Total Long-Term Debt	45 769 000	46 556 000	48 190 000	45 464 000
Total Current Debt	26 777 000	21 597 000	16 569 000	18 935 000
Total Equity and Debt	157 553 000	138 556 000	129 770 000	126 225 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	99 874 000	87 134 000	66 490 000	80 840 000
Other Income	1 165 000	1 940 000	2 692 000	1 190 000
Revenue	101 039 000	89 074 000	69 182 000	82 030 000
Cost of Goods Sold	34 201 000	36 332 000	28 921 000	34 245 000
Salary Costs	20 904 000	19 321 000	16 546 000	20 136 000
Depreciation	887 000	1 096 000	1 173 000	1 772 000
Impairment	0	0	0	0
Expenditure	79 650 000	79 530 000	65 681 000	77 401 000
Operating Profit	21 389 000	9 544 000	3 502 000	4 629 000
Financial Income	124 000	5 064 000	193 000	196 000
Financial Costs	2 705 000	1 502 000	2 283 000	2 126 000
Financial Balance	−2 581 000	3 562 000	−2 090 000	−1 930 000
Dividends	0	0	0	0
Net Income	17 182 000	12 742 000	1 467 000	−2 454 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	21 810 000	21 981 000	22 426 000	22 631 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 752 000	3 136 000	2 035 000	2 918 000
Total Tangible Assets	24 562 000	25 117 000	24 460 000	25 550 000
Total Fiancial Fixed Assets	2 077 000	2 824 000	2 873 000	3 337 000
Total Fixed Assets	26 639 000	27 941 000	27 334 000	28 887 000
Stock	20 102 000	13 041 000	17 286 000	15 125 000
Total Investments	96 028 000	76 706 000	71 748 000	71 546 000
Cash, Bank	6 541 000	15 294 000	11 728 000	7 084 000
Total Current Assets	130 914 000	110 616 000	102 436 000	97 338 000
Total Assets	157 553 000	138 557 000	129 770 000	126 225 000
Total Equity	85 007 000	70 403 000	65 011 000	61 826 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	45 769 000	46 556 000	48 190 000	45 464 000
Creditors	12 497 000	9 996 000	9 020 000	4 171 000
Unpaid Taxes	3 779 000	3 434 000	2 298 000	3 834 000
Dividends	0	0	0	0
Other Current Debt	3 891 000	3 061 000	2 901 000	10 296 000
Total Current Debt	26 777 000	21 597 000	16 569 000	18 935 000
Total Equity and Debt	157 553 000	138 556 000	129 770 000	126 225 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,21 %	18,1 %	2,26 %	−3,97 %
Debt-to-Equity Ratio	0,54	0,66	0,74	0,74
Operating Profit Margin	21,17 %	10,71 %	5,06 %	5,64 %
Current Ratio	4,89	5,12	6,18	5,14
Quick Ratio	19,61	12,93	−142,87	25,55
Equity Ratio	0,54	0,51	0,5	0,49
Gross Profit Margin	66,15 %	59,21 %	58,2 %	58,25 %