INITEK AS

4623 KRISTIANSAND S

Finances

Return on Equity

8,94 %

Current Ratio

2,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 530 000	1 447 000	1 522 000	1 477 000
Net Income	59 000	111 000	142 000	123 000
Total Assets	996 000	941 000	745 000	604 000
Total Equity	660 000	601 000	490 000	348 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 530 000	1 447 000	1 522 000	1 477 000
Expenditure	1 454 000	1 306 000	1 339 000	1 320 000
Operating Profit	76 000	141 000	182 000	157 000
Financial Income	1 000	1 000	0	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	1 000	0	1 000
Earnings Before Tax	76 000	142 000	182 000	158 000
Tax	17 000	31 000	40 000	35 000
Net Income	59 000	111 000	142 000	123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 000	25 000	25 000	49 000
Total Current Assets	971 000	916 000	720 000	555 000
Total Assets	996 000	941 000	745 000	604 000
Total Retained Equity	549 000	490 000	379 000	237 000
Total Equity	660 000	601 000	490 000	348 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	336 000	340 000	255 000	256 000
Total Equity and Debt	996 000	941 000	745 000	604 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 530 000	1 447 000	1 522 000	1 477 000
Other Income	0	0	0	0
Revenue	1 530 000	1 447 000	1 522 000	1 477 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 252 000	1 114 000	1 019 000	1 012 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 454 000	1 306 000	1 339 000	1 320 000
Operating Profit	76 000	141 000	182 000	157 000
Financial Income	1 000	1 000	0	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	1 000	0	1 000
Dividends	0	0	0	0
Net Income	59 000	111 000	142 000	123 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	24 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	10 000	10 000	10 000	10 000
Total Tangible Assets	10 000	10 000	10 000	10 000
Total Fiancial Fixed Assets	15 000	15 000	15 000	15 000
Total Fixed Assets	25 000	25 000	25 000	49 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	744 000	731 000	533 000	176 000
Total Current Assets	971 000	916 000	720 000	555 000
Total Assets	996 000	941 000	745 000	604 000
Total Equity	660 000	601 000	490 000	348 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	7 000	7 000
Unpaid Taxes	164 000	177 000	126 000	142 000
Dividends	0	0	0	0
Other Current Debt	156 000	132 000	105 000	106 000
Total Current Debt	336 000	340 000	255 000	256 000
Total Equity and Debt	996 000	941 000	745 000	604 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,94 %	18,47 %	28,98 %	35,34 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,97 %	9,74 %	11,96 %	10,63 %
Current Ratio	2,89	2,69	2,82	2,17
Quick Ratio	2,89	2,69	2,82	2,17
Equity Ratio	0,66	0,64	0,66	0,58
Gross Profit Margin	100 %	100 %	100 %	100 %