VITEC FORSIKRING AS

0185 OSLO

Finances

Share Ownership

Return on Equity

89,59 %

Current Ratio

1,52

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 119 000	30 565 000	28 180 000	24 450 000
Net Income	7 005 000	5 070 000	5 473 000	3 394 000
Total Assets	22 853 000	25 194 000	20 638 000	18 107 000
Total Equity	7 819 000	9 714 000	14 644 000	9 171 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 119 000	30 565 000	28 180 000	24 450 000
Expenditure	22 133 000	24 057 000	21 169 000	21 494 000
Operating Profit	8 986 000	6 508 000	7 011 000	2 956 000
Financial Income	0	4 000	6 000	36 000
Financial Costs	3 000	12 000	1 000	1 000
Financial Balance	−3 000	−8 000	5 000	35 000
Earnings Before Tax	8 983 000	6 500 000	7 017 000	2 992 000
Tax	1 977 000	1 430 000	1 543 000	−402 000
Net Income	7 005 000	5 070 000	5 473 000	3 394 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 000	180 000	324 000	711 000
Total Current Assets	22 818 000	25 014 000	20 313 000	17 395 000
Total Assets	22 853 000	25 194 000	20 638 000	18 107 000
Total Retained Equity	4 013 000	5 908 000	10 838 000	5 365 000
Total Equity	7 819 000	9 714 000	14 644 000	9 171 000
Total Long-Term Debt	0	13 000	0	0
Total Current Debt	15 033 000	15 467 000	5 994 000	8 936 000
Total Equity and Debt	22 853 000	25 194 000	20 638 000	18 107 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 119 000	30 565 000	28 180 000	24 450 000
Other Income	0	0	0	0
Revenue	31 119 000	30 565 000	28 180 000	24 450 000
Cost of Goods Sold	531 000	206 000	67 000	166 000
Salary Costs	16 464 000	16 420 000	15 705 000	16 707 000
Depreciation	168 000	59 000	65 000	81 000
Impairment	0	0	0	0
Expenditure	22 133 000	24 057 000	21 169 000	21 494 000
Operating Profit	8 986 000	6 508 000	7 011 000	2 956 000
Financial Income	0	4 000	6 000	36 000
Financial Costs	3 000	12 000	1 000	1 000
Financial Balance	−3 000	−8 000	5 000	35 000
Dividends	5 000 000	10 000 000	0	0
Net Income	7 005 000	5 070 000	5 473 000	3 394 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	0	65 000	388 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	18 000	180 000	259 000	324 000
Total Tangible Assets	18 000	180 000	259 000	324 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	35 000	180 000	324 000	711 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	651 000	834 000	1 253 000	1 700 000
Total Current Assets	22 818 000	25 014 000	20 313 000	17 395 000
Total Assets	22 853 000	25 194 000	20 638 000	18 107 000
Total Equity	7 819 000	9 714 000	14 644 000	9 171 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	13 000	0	0
Creditors	75 000	379 000	10 000	292 000
Unpaid Taxes	2 318 000	1 938 000	2 328 000	2 241 000
Dividends	5 000 000	10 000 000	0	0
Other Current Debt	6 734 000	1 798 000	2 435 000	6 402 000
Total Current Debt	15 033 000	15 467 000	5 994 000	8 936 000
Total Equity and Debt	22 853 000	25 194 000	20 638 000	18 107 000

Financial indicators	2022	2021	2020	2019
Return on Equity	89,59 %	52,19 %	37,37 %	37,01 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	28,88 %	21,29 %	24,88 %	12,09 %
Current Ratio	1,52	1,62	3,39	1,95
Quick Ratio	1,52	1,62	3,39	1,95
Equity Ratio	0,34	0,39	0,71	0,51
Gross Profit Margin	98,29 %	99,33 %	99,76 %	99,32 %