VITEC FIXIT SYSTEMER AS

5003 BERGEN

Finances

Share Ownership

Return on Equity

144,82 %

Current Ratio

1,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	67 305 000	65 995 000	60 753 000	58 548 000
Net Income	7 441 000	8 140 000	8 585 000	7 300 000
Total Assets	24 684 000	33 355 000	42 530 000	33 292 000
Total Equity	5 138 000	7 698 000	14 558 000	24 343 000

Income (NOK)	2022	2021	2020	2019
Revenue	67 305 000	65 995 000	60 753 000	58 548 000
Expenditure	58 115 000	55 850 000	50 104 000	49 526 000
Operating Profit	9 191 000	10 145 000	10 648 000	9 023 000
Financial Income	32 000	37 000	143 000	496 000
Financial Costs	40 000	40 000	56 000	58 000
Financial Balance	−8 000	−3 000	87 000	438 000
Earnings Before Tax	9 183 000	10 142 000	10 735 000	9 461 000
Tax	1 742 000	2 002 000	2 150 000	2 161 000
Net Income	7 441 000	8 140 000	8 585 000	7 300 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 626 000	3 366 000	2 853 000	3 989 000
Total Current Assets	21 057 000	29 989 000	39 676 000	29 303 000
Total Assets	24 684 000	33 355 000	42 530 000	33 292 000
Total Retained Equity	4 071 000	6 631 000	13 491 000	23 276 000
Total Equity	5 138 000	7 698 000	14 558 000	24 343 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	19 545 000	25 657 000	27 972 000	8 949 000
Total Equity and Debt	24 684 000	33 355 000	42 530 000	33 292 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	60 458 000	64 386 000	60 753 000	58 548 000
Other Income	6 847 000	1 610 000	0	0
Revenue	67 305 000	65 995 000	60 753 000	58 548 000
Cost of Goods Sold	8 748 000	10 820 000	5 176 000	3 256 000
Salary Costs	30 019 000	27 679 000	25 625 000	24 924 000
Depreciation	986 000	1 059 000	941 000	790 000
Impairment	0	0	0	0
Expenditure	58 115 000	55 850 000	50 104 000	49 526 000
Operating Profit	9 191 000	10 145 000	10 648 000	9 023 000
Financial Income	32 000	37 000	143 000	496 000
Financial Costs	40 000	40 000	56 000	58 000
Financial Balance	−8 000	−3 000	87 000	438 000
Dividends	10 000 000	15 000 000	18 000 000	0
Net Income	7 441 000	8 140 000	8 585 000	7 300 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 523 000	2 180 000	1 886 000	2 217 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 103 000	1 186 000	967 000	1 444 000
Total Tangible Assets	2 103 000	1 186 000	967 000	1 444 000
Total Fiancial Fixed Assets	0	0	0	328 000
Total Fixed Assets	3 626 000	3 366 000	2 853 000	3 989 000
Stock	520 000	593 000	1 202 000	348 000
Total Investments	0	0	0	0
Cash, Bank	1 096 000	980 000	986 000	936 000
Total Current Assets	21 057 000	29 989 000	39 676 000	29 303 000
Total Assets	24 684 000	33 355 000	42 530 000	33 292 000
Total Equity	5 138 000	7 698 000	14 558 000	24 343 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	661 000	703 000	607 000	1 353 000
Unpaid Taxes	4 247 000	3 706 000	3 907 000	1 773 000
Dividends	10 000 000	15 000 000	18 000 000	0
Other Current Debt	3 246 000	3 648 000	3 340 000	4 282 000
Total Current Debt	19 545 000	25 657 000	27 972 000	8 949 000
Total Equity and Debt	24 684 000	33 355 000	42 530 000	33 292 000

Financial indicators	2022	2021	2020	2019
Return on Equity	144,82 %	105,74 %	58,97 %	29,99 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,66 %	15,37 %	17,53 %	15,41 %
Current Ratio	1,08	1,17	1,42	3,27
Quick Ratio	1,11	1,2	1,48	3,41
Equity Ratio	0,21	0,23	0,34	0,73
Gross Profit Margin	87 %	83,6 %	91,48 %	94,44 %