ITC NORDIC AS

3045 DRAMMEN

Finances

Share Ownership

Return on Equity

14,61 %

Current Ratio

6,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	311 000	144 000	47 000	114 000
Net Income	197 000	144 000	142 000	237 000
Total Assets	1 507 000	1 280 000	3 220 000	3 094 000
Total Equity	1 348 000	1 151 000	3 207 000	3 065 000

Income (NOK)	2022	2021	2020	2019
Revenue	311 000	144 000	47 000	114 000
Expenditure	70 000	85 000	47 000	45 000
Operating Profit	242 000	58 000	0	69 000
Financial Income	27 000	351 000	148 000	197 000
Financial Costs	9 000	203 000	5 000	14 000
Financial Balance	18 000	148 000	143 000	183 000
Earnings Before Tax	259 000	207 000	143 000	252 000
Tax	62 000	63 000	1 000	15 000
Net Income	197 000	144 000	142 000	237 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	519 000	0	0	0
Total Current Assets	988 000	1 280 000	3 220 000	3 094 000
Total Assets	1 507 000	1 280 000	3 220 000	3 094 000
Total Retained Equity	1 318 000	1 121 000	3 177 000	3 035 000
Total Equity	1 348 000	1 151 000	3 207 000	3 065 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	159 000	129 000	13 000	29 000
Total Equity and Debt	1 507 000	1 280 000	3 220 000	3 094 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	311 000	144 000	47 000	114 000
Other Income	0	0	0	0
Revenue	311 000	144 000	47 000	114 000
Cost of Goods Sold	0	0	0	−1 000
Salary Costs	0	4 000	1 000	1 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	70 000	85 000	47 000	45 000
Operating Profit	242 000	58 000	0	69 000
Financial Income	27 000	351 000	148 000	197 000
Financial Costs	9 000	203 000	5 000	14 000
Financial Balance	18 000	148 000	143 000	183 000
Dividends	0	2 200 000	0	0
Net Income	197 000	144 000	142 000	237 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	519 000	0	0	0
Total Fixed Assets	519 000	0	0	0
Stock	0	0	0	0
Total Investments	0	299 000	2 723 000	2 567 000
Cash, Bank	987 000	974 000	497 000	527 000
Total Current Assets	988 000	1 280 000	3 220 000	3 094 000
Total Assets	1 507 000	1 280 000	3 220 000	3 094 000
Total Equity	1 348 000	1 151 000	3 207 000	3 065 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	7 000	1 000	0	0
Unpaid Taxes	71 000	25 000	6 000	10 000
Dividends	0	2 200 000	0	0
Other Current Debt	19 000	41 000	6 000	4 000
Total Current Debt	159 000	129 000	13 000	29 000
Total Equity and Debt	1 507 000	1 280 000	3 220 000	3 094 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,61 %	12,51 %	4,43 %	7,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	77,81 %	40,28 %	0 %	60,53 %
Current Ratio	6,21	9,92	247,69	106,69
Quick Ratio	6,21	9,92	247,69	106,69
Equity Ratio	0,89	0,9	1	0,99
Gross Profit Margin	100 %	100 %	100 %	100,88 %