BITIHORN AS

1395 HVALSTAD

Finances

Share Ownership

Return on Equity

2,35 %

Current Ratio

3,32

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 369 000	6 515 000	5 738 000	6 048 000
Net Income	716 000	−690 000	1 276 000	1 079 000
Total Assets	39 623 000	40 950 000	38 145 000	38 006 000
Total Equity	30 417 000	31 611 000	33 301 000	33 025 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 369 000	6 515 000	5 738 000	6 048 000
Expenditure	5 834 000	7 752 000	4 846 000	4 541 000
Operating Profit	1 535 000	−1 237 000	892 000	1 506 000
Financial Income	74 000	325 000	678 000	202 000
Financial Costs	590 000	56 000	115 000	225 000
Financial Balance	−516 000	269 000	563 000	−23 000
Earnings Before Tax	1 018 000	−967 000	1 455 000	1 484 000
Tax	302 000	−278 000	179 000	405 000
Net Income	716 000	−690 000	1 276 000	1 079 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 567 000	31 770 000	28 908 000	30 384 000
Total Current Assets	10 056 000	9 180 000	9 237 000	7 623 000
Total Assets	39 623 000	40 950 000	38 145 000	38 006 000
Total Retained Equity	5 140 000	6 334 000	8 024 000	7 747 000
Total Equity	30 417 000	31 611 000	33 301 000	33 025 000
Total Long-Term Debt	6 177 000	7 090 000	3 093 000	3 037 000
Total Current Debt	3 028 000	2 248 000	1 751 000	1 945 000
Total Equity and Debt	39 623 000	40 950 000	38 145 000	38 006 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	436 000	776 000	57 000	164 000
Other Income	6 932 000	5 739 000	5 682 000	5 885 000
Revenue	7 369 000	6 515 000	5 738 000	6 048 000
Cost of Goods Sold	402 000	218 000	205 000	203 000
Salary Costs	706 000	1 052 000	945 000	520 000
Depreciation	2 203 000	1 828 000	1 697 000	1 687 000
Impairment	0	0	0	0
Expenditure	5 834 000	7 752 000	4 846 000	4 541 000
Operating Profit	1 535 000	−1 237 000	892 000	1 506 000
Financial Income	74 000	325 000	678 000	202 000
Financial Costs	590 000	56 000	115 000	225 000
Financial Balance	−516 000	269 000	563 000	−23 000
Dividends	1 500 000	1 000 000	1 000 000	1 400 000
Net Income	716 000	−690 000	1 276 000	1 079 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	29 567 000	31 770 000	28 908 000	30 384 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	29 567 000	31 770 000	28 908 000	30 384 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	29 567 000	31 770 000	28 908 000	30 384 000
Stock	0	0	0	0
Total Investments	4 579 000	4 999 000	4 679 000	4 128 000
Cash, Bank	4 746 000	3 157 000	4 196 000	3 292 000
Total Current Assets	10 056 000	9 180 000	9 237 000	7 623 000
Total Assets	39 623 000	40 950 000	38 145 000	38 006 000
Total Equity	30 417 000	31 611 000	33 301 000	33 025 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 177 000	7 090 000	3 093 000	3 037 000
Creditors	294 000	212 000	186 000	331 000
Unpaid Taxes	125 000	41 000	120 000	85 000
Dividends	1 500 000	1 000 000	1 000 000	1 400 000
Other Current Debt	383 000	995 000	322 000	128 000
Total Current Debt	3 028 000	2 248 000	1 751 000	1 945 000
Total Equity and Debt	39 623 000	40 950 000	38 145 000	38 006 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,35 %	−2,18 %	3,83 %	3,27 %
Debt-to-Equity Ratio	0,2	0,22	0,09	0,09
Operating Profit Margin	20,83 %	−18,99 %	15,55 %	24,9 %
Current Ratio	3,32	4,08	5,28	3,92
Quick Ratio	3,32	4,08	5,28	3,92
Equity Ratio	0,77	0,77	0,87	0,87
Gross Profit Margin	94,54 %	96,65 %	96,43 %	96,64 %