EXCITE TECHNOLOGIES AS

2821 GJØVIK

Finances

Share Ownership

Return on Equity

37,81 %

Current Ratio

1,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 706 000	9 389 000	7 970 000	6 300 000
Net Income	1 291 000	−227 000	1 342 000	696 000
Total Assets	9 297 000	7 519 000	6 899 000	6 649 000
Total Equity	3 414 000	2 123 000	3 651 000	4 558 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 706 000	9 389 000	7 970 000	6 300 000
Expenditure	11 435 000	9 617 000	6 491 000	5 553 000
Operating Profit	1 270 000	−228 000	1 480 000	748 000
Financial Income	23 000	2 000	23 000	57 000
Financial Costs	2 000	2 000	0	0
Financial Balance	21 000	0	23 000	57 000
Earnings Before Tax	1 291 000	−227 000	1 503 000	805 000
Tax	0	0	161 000	109 000
Net Income	1 291 000	−227 000	1 342 000	696 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	92 000	0	0	0
Total Current Assets	9 205 000	7 519 000	6 899 000	6 649 000
Total Assets	9 297 000	7 519 000	6 899 000	6 649 000
Total Retained Equity	2 514 000	1 223 000	2 751 000	3 658 000
Total Equity	3 414 000	2 123 000	3 651 000	4 558 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 883 000	5 396 000	3 249 000	2 090 000
Total Equity and Debt	9 297 000	7 519 000	6 899 000	6 649 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 706 000	9 389 000	7 970 000	6 300 000
Other Income	0	0	0	0
Revenue	12 706 000	9 389 000	7 970 000	6 300 000
Cost of Goods Sold	0	0	0	0
Salary Costs	6 592 000	5 442 000	4 396 000	4 432 000
Depreciation	8 000	0	0	0
Impairment	0	0	0	0
Expenditure	11 435 000	9 617 000	6 491 000	5 553 000
Operating Profit	1 270 000	−228 000	1 480 000	748 000
Financial Income	23 000	2 000	23 000	57 000
Financial Costs	2 000	2 000	0	0
Financial Balance	21 000	0	23 000	57 000
Dividends	1 291 000	0	0	2 000
Net Income	1 291 000	−227 000	1 342 000	696 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	92 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	92 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	92 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 849 000	1 182 000	3 689 000	4 733 000
Total Current Assets	9 205 000	7 519 000	6 899 000	6 649 000
Total Assets	9 297 000	7 519 000	6 899 000	6 649 000
Total Equity	3 414 000	2 123 000	3 651 000	4 558 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 506 000	3 930 000	2 155 000	101 000
Unpaid Taxes	909 000	957 000	684 000	820 000
Dividends	1 291 000	0	0	2 000
Other Current Debt	469 000	508 000	410 000	1 169 000
Total Current Debt	5 883 000	5 396 000	3 249 000	2 090 000
Total Equity and Debt	9 297 000	7 519 000	6 899 000	6 649 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,81 %	−10,69 %	36,76 %	15,27 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10 %	−2,43 %	18,57 %	11,87 %
Current Ratio	1,56	1,39	2,12	3,18
Quick Ratio	1,56	1,39	2,12	3,18
Equity Ratio	0,37	0,28	0,53	0,69
Gross Profit Margin	100 %	100 %	100 %	100 %