VITEC HK DATA AS

2380 BRUMUNDDAL

Finances

Share Ownership

Return on Equity

−26,23 %

Current Ratio

1,79

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 356 000	16 516 000	17 053 000	16 741 000
Net Income	−666 000	−161 000	1 088 000	1 536 000
Total Assets	5 000 000	3 950 000	9 257 000	7 909 000
Total Equity	2 539 000	2 215 000	2 224 000	5 136 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 356 000	16 516 000	17 053 000	16 741 000
Expenditure	18 339 000	16 772 000	15 683 000	14 909 000
Operating Profit	−982 000	−255 000	1 370 000	1 833 000
Financial Income	9 000	5 000	31 000	139 000
Financial Costs	15 000	16 000	6 000	1 000
Financial Balance	−6 000	−11 000	25 000	138 000
Earnings Before Tax	−989 000	−266 000	1 395 000	1 970 000
Tax	−324 000	−105 000	308 000	434 000
Net Income	−666 000	−161 000	1 088 000	1 536 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	600 000	587 000	448 000	647 000
Total Current Assets	4 400 000	3 362 000	8 809 000	7 262 000
Total Assets	5 000 000	3 950 000	9 257 000	7 909 000
Total Retained Equity	2 339 000	2 015 000	2 024 000	4 936 000
Total Equity	2 539 000	2 215 000	2 224 000	5 136 000
Total Long-Term Debt	0	0	0	17 000
Total Current Debt	2 460 000	1 734 000	7 033 000	2 756 000
Total Equity and Debt	5 000 000	3 950 000	9 257 000	7 909 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 356 000	16 516 000	17 053 000	16 701 000
Other Income	0	0	0	40 000
Revenue	17 356 000	16 516 000	17 053 000	16 741 000
Cost of Goods Sold	963 000	584 000	194 000	76 000
Salary Costs	11 709 000	10 570 000	10 211 000	10 556 000
Depreciation	187 000	167 000	246 000	321 000
Impairment	0	0	0	0
Expenditure	18 339 000	16 772 000	15 683 000	14 909 000
Operating Profit	−982 000	−255 000	1 370 000	1 833 000
Financial Income	9 000	5 000	31 000	139 000
Financial Costs	15 000	16 000	6 000	1 000
Financial Balance	−6 000	−11 000	25 000	138 000
Dividends	0	0	4 000 000	0
Net Income	−666 000	−161 000	1 088 000	1 536 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	134 000	90 000	28 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	466 000	498 000	421 000	647 000
Total Tangible Assets	466 000	498 000	421 000	647 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	600 000	587 000	448 000	647 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	424 000	380 000	407 000	6 050 000
Total Current Assets	4 400 000	3 362 000	8 809 000	7 262 000
Total Assets	5 000 000	3 950 000	9 257 000	7 909 000
Total Equity	2 539 000	2 215 000	2 224 000	5 136 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	17 000
Creditors	226 000	232 000	756 000	201 000
Unpaid Taxes	710 000	572 000	668 000	1 131 000
Dividends	0	0	4 000 000	0
Other Current Debt	1 525 000	930 000	1 257 000	970 000
Total Current Debt	2 460 000	1 734 000	7 033 000	2 756 000
Total Equity and Debt	5 000 000	3 950 000	9 257 000	7 909 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,23 %	−7,27 %	48,92 %	29,91 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5,66 %	−1,54 %	8,03 %	10,95 %
Current Ratio	1,79	1,94	1,25	2,63
Quick Ratio	1,79	1,94	1,25	2,63
Equity Ratio	0,51	0,56	0,24	0,65
Gross Profit Margin	94,45 %	96,46 %	98,86 %	99,55 %