IT-TEK AS

3263 LARVIK

Finances

Share Ownership

Return on Equity

27,43 %

Current Ratio

1,91

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 394 000	4 982 000	4 017 000	4 215 000
Net Income	435 000	1 286 000	785 000	935 000
Total Assets	3 151 000	3 173 000	3 148 000	3 362 000
Total Equity	1 586 000	1 451 000	1 665 000	1 480 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 394 000	4 982 000	4 017 000	4 215 000
Expenditure	2 843 000	3 334 000	3 017 000	3 032 000
Operating Profit	550 000	1 648 000	1 000 000	1 184 000
Financial Income	8 000	1 000	6 000	16 000
Financial Costs	0	0	0	0
Financial Balance	8 000	1 000	6 000	16 000
Earnings Before Tax	558 000	1 649 000	1 006 000	1 199 000
Tax	123 000	363 000	221 000	264 000
Net Income	435 000	1 286 000	785 000	935 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	198 000	260 000	346 000	459 000
Total Current Assets	2 954 000	2 913 000	2 802 000	2 903 000
Total Assets	3 151 000	3 173 000	3 148 000	3 362 000
Total Retained Equity	1 486 000	1 351 000	1 565 000	1 380 000
Total Equity	1 586 000	1 451 000	1 665 000	1 480 000
Total Long-Term Debt	18 000	22 000	31 000	41 000
Total Current Debt	1 547 000	1 700 000	1 453 000	1 841 000
Total Equity and Debt	3 151 000	3 173 000	3 148 000	3 362 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 394 000	4 981 000	4 016 000	4 094 000
Other Income	0	1 000	1 000	121 000
Revenue	3 394 000	4 982 000	4 017 000	4 215 000
Cost of Goods Sold	91 000	70 000	47 000	44 000
Salary Costs	2 101 000	2 619 000	2 254 000	2 304 000
Depreciation	62 000	86 000	113 000	24 000
Impairment	0	0	0	0
Expenditure	2 843 000	3 334 000	3 017 000	3 032 000
Operating Profit	550 000	1 648 000	1 000 000	1 184 000
Financial Income	8 000	1 000	6 000	16 000
Financial Costs	0	0	0	0
Financial Balance	8 000	1 000	6 000	16 000
Dividends	300 000	1 500 000	600 000	1 000 000
Net Income	435 000	1 286 000	785 000	935 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	198 000	260 000	346 000	459 000
Total Tangible Assets	198 000	260 000	346 000	459 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	198 000	260 000	346 000	459 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 230 000	2 136 000	2 417 000	2 489 000
Total Current Assets	2 954 000	2 913 000	2 802 000	2 903 000
Total Assets	3 151 000	3 173 000	3 148 000	3 362 000
Total Equity	1 586 000	1 451 000	1 665 000	1 480 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 000	22 000	31 000	41 000
Creditors	101 000	96 000	47 000	138 000
Unpaid Taxes	257 000	394 000	365 000	259 000
Dividends	300 000	1 500 000	600 000	1 000 000
Other Current Debt	763 000	840 000	208 000	222 000
Total Current Debt	1 547 000	1 700 000	1 453 000	1 841 000
Total Equity and Debt	3 151 000	3 173 000	3 148 000	3 362 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,43 %	88,63 %	47,15 %	63,18 %
Debt-to-Equity Ratio	0,01	0,02	0,02	0,03
Operating Profit Margin	16,21 %	33,08 %	24,89 %	28,09 %
Current Ratio	1,91	1,71	1,93	1,58
Quick Ratio	1,91	1,71	1,93	1,58
Equity Ratio	0,5	0,46	0,53	0,44
Gross Profit Margin	97,32 %	98,59 %	98,83 %	98,96 %