VITEC MV AS

0185 OSLO

Finances

Share Ownership

Return on Equity

8,58 %

Current Ratio

1,82

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 259 000	12 459 000	13 709 000	15 670 000
Net Income	475 000	404 000	519 000	2 279 000
Total Assets	12 299 000	11 447 000	11 675 000	11 659 000
Total Equity	5 533 000	5 059 000	4 655 000	4 136 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 259 000	12 459 000	13 709 000	15 670 000
Expenditure	11 540 000	11 927 000	12 836 000	12 666 000
Operating Profit	719 000	532 000	874 000	3 005 000
Financial Income	38 000	53 000	0	0
Financial Costs	148 000	67 000	209 000	83 000
Financial Balance	−110 000	−14 000	−209 000	−83 000
Earnings Before Tax	609 000	518 000	665 000	2 922 000
Tax	134 000	114 000	146 000	643 000
Net Income	475 000	404 000	519 000	2 279 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 000	4 000	14 000	37 000
Total Current Assets	12 296 000	11 443 000	11 661 000	11 622 000
Total Assets	12 299 000	11 447 000	11 675 000	11 659 000
Total Retained Equity	4 433 000	3 959 000	3 555 000	3 036 000
Total Equity	5 533 000	5 059 000	4 655 000	4 136 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 765 000	6 388 000	7 020 000	7 523 000
Total Equity and Debt	12 299 000	11 447 000	11 675 000	11 659 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 259 000	12 459 000	13 709 000	15 669 000
Other Income	0	0	0	1 000
Revenue	12 259 000	12 459 000	13 709 000	15 670 000
Cost of Goods Sold	4 000	0	547 000	7 111 000
Salary Costs	3 095 000	2 547 000	2 941 000	3 142 000
Depreciation	0	11 000	23 000	23 000
Impairment	0	0	0	0
Expenditure	11 540 000	11 927 000	12 836 000	12 666 000
Operating Profit	719 000	532 000	874 000	3 005 000
Financial Income	38 000	53 000	0	0
Financial Costs	148 000	67 000	209 000	83 000
Financial Balance	−110 000	−14 000	−209 000	−83 000
Dividends	0	0	0	0
Net Income	475 000	404 000	519 000	2 279 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	4 000	3 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	11 000	34 000
Total Tangible Assets	0	0	11 000	34 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 000	4 000	14 000	37 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	94 000	158 000	169 000	175 000
Total Current Assets	12 296 000	11 443 000	11 661 000	11 622 000
Total Assets	12 299 000	11 447 000	11 675 000	11 659 000
Total Equity	5 533 000	5 059 000	4 655 000	4 136 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	47 000	45 000	68 000	83 000
Unpaid Taxes	699 000	647 000	717 000	912 000
Dividends	0	0	0	0
Other Current Debt	5 887 000	5 582 000	6 089 000	5 883 000
Total Current Debt	6 765 000	6 388 000	7 020 000	7 523 000
Total Equity and Debt	12 299 000	11 447 000	11 675 000	11 659 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,58 %	7,99 %	11,15 %	55,1 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,87 %	4,27 %	6,38 %	19,18 %
Current Ratio	1,82	1,79	1,66	1,54
Quick Ratio	1,82	1,79	1,66	1,54
Equity Ratio	0,45	0,44	0,4	0,35
Gross Profit Margin	99,97 %	100 %	96,01 %	54,62 %