LITEC AS

3150 TOLVSRØD

Finances

Return on Equity

2,93 %

Current Ratio

8,71

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	725 000	2 206 000	597 000	341 000
Net Income	630 000	2 848 000	455 000	251 000
Total Assets	29 147 000	29 487 000	27 330 000	23 267 000
Total Equity	21 501 000	22 270 000	20 023 000	20 068 000

Income (NOK)	2022	2021	2020	2019
Revenue	725 000	2 206 000	597 000	341 000
Expenditure	237 000	228 000	438 000	99 000
Operating Profit	488 000	1 978 000	159 000	242 000
Financial Income	440 000	1 476 000	1 511 000	144 000
Financial Costs	214 000	381 000	1 216 000	99 000
Financial Balance	226 000	1 095 000	295 000	45 000
Earnings Before Tax	714 000	3 072 000	455 000	287 000
Tax	84 000	225 000	0	36 000
Net Income	630 000	2 848 000	455 000	251 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 308 000	14 308 000	17 433 000	12 375 000
Total Current Assets	14 839 000	15 179 000	9 897 000	10 892 000
Total Assets	29 147 000	29 487 000	27 330 000	23 267 000
Total Retained Equity	21 209 000	21 979 000	19 731 000	19 776 000
Total Equity	21 501 000	22 270 000	20 023 000	20 068 000
Total Long-Term Debt	5 942 000	6 204 000	6 465 000	3 055 000
Total Current Debt	1 704 000	1 014 000	843 000	144 000
Total Equity and Debt	29 147 000	29 487 000	27 330 000	23 267 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	1 468 000	87 000	29 000
Other Income	725 000	738 000	511 000	312 000
Revenue	725 000	2 206 000	597 000	341 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	237 000	228 000	438 000	99 000
Operating Profit	488 000	1 978 000	159 000	242 000
Financial Income	440 000	1 476 000	1 511 000	144 000
Financial Costs	214 000	381 000	1 216 000	99 000
Financial Balance	226 000	1 095 000	295 000	45 000
Dividends	1 400 000	600 000	500 000	0
Net Income	630 000	2 848 000	455 000	251 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	13 608 000	13 608 000	13 608 000	6 492 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	13 608 000	13 608 000	13 608 000	6 492 000
Total Fiancial Fixed Assets	700 000	700 000	3 825 000	5 883 000
Total Fixed Assets	14 308 000	14 308 000	17 433 000	12 375 000
Stock	0	0	900 000	900 000
Total Investments	127 000	162 000	2 381 000	862 000
Cash, Bank	14 712 000	15 017 000	6 616 000	9 130 000
Total Current Assets	14 839 000	15 179 000	9 897 000	10 892 000
Total Assets	29 147 000	29 487 000	27 330 000	23 267 000
Total Equity	21 501 000	22 270 000	20 023 000	20 068 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 942 000	6 204 000	6 465 000	3 055 000
Creditors	3 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	1 400 000	600 000	500 000	0
Other Current Debt	1 617 000	789 000	843 000	108 000
Total Current Debt	1 704 000	1 014 000	843 000	144 000
Total Equity and Debt	29 147 000	29 487 000	27 330 000	23 267 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,93 %	12,79 %	2,27 %	1,25 %
Debt-to-Equity Ratio	0,28	0,28	0,32	0,15
Operating Profit Margin	67,31 %	89,66 %	26,63 %	70,97 %
Current Ratio	8,71	14,97	11,74	75,64
Quick Ratio	8,71	14,97	−173,63	−14,41
Equity Ratio	0,74	0,76	0,73	0,86
Gross Profit Margin	100 %	100 %	100 %	100 %