HITECVISION ADVISORY AS

4020 STAVANGER

Finances

Share Ownership

Return on Equity

17,58 %

Current Ratio

2,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	350 260 000	266 561 000	252 066 000	255 808 000
Net Income	14 791 000	14 952 000	14 855 000	10 931 000
Total Assets	138 745 000	121 042 000	138 046 000	118 513 000
Total Equity	84 132 000	69 353 000	63 479 000	74 132 000

Income (NOK)	2022	2021	2020	2019
Revenue	350 260 000	266 561 000	252 066 000	255 808 000
Expenditure	330 837 000	246 610 000	230 804 000	241 000 000
Operating Profit	19 423 000	19 950 000	21 262 000	14 809 000
Financial Income	3 069 000	1 299 000	627 000	1 890 000
Financial Costs	535 000	44 000	799 000	825 000
Financial Balance	2 534 000	1 255 000	−172 000	1 065 000
Earnings Before Tax	21 957 000	21 205 000	21 090 000	15 873 000
Tax	7 166 000	6 253 000	6 235 000	4 943 000
Net Income	14 791 000	14 952 000	14 855 000	10 931 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 278 000	8 524 000	10 542 000	8 479 000
Total Current Assets	127 467 000	112 518 000	127 504 000	110 034 000
Total Assets	138 745 000	121 042 000	138 046 000	118 513 000
Total Retained Equity	57 882 000	43 103 000	37 229 000	47 882 000
Total Equity	84 132 000	69 353 000	63 479 000	74 132 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	54 614 000	51 689 000	74 567 000	44 381 000
Total Equity and Debt	138 745 000	121 042 000	138 046 000	118 513 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	350 260 000	266 561 000	252 066 000	255 808 000
Other Income	0	0	0	0
Revenue	350 260 000	266 561 000	252 066 000	255 808 000
Cost of Goods Sold	6 353 000	3 109 000	8 983 000	9 990 000
Salary Costs	267 014 000	200 431 000	180 336 000	180 012 000
Depreciation	3 484 000	3 558 000	3 054 000	2 411 000
Impairment	0	0	0	0
Expenditure	330 837 000	246 610 000	230 804 000	241 000 000
Operating Profit	19 423 000	19 950 000	21 262 000	14 809 000
Financial Income	3 069 000	1 299 000	627 000	1 890 000
Financial Costs	535 000	44 000	799 000	825 000
Financial Balance	2 534 000	1 255 000	−172 000	1 065 000
Dividends	0	0	0	0
Net Income	14 791 000	14 952 000	14 855 000	10 931 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	608 000	523 000	582 000	1 030 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	10 671 000	8 000 000	9 960 000	7 448 000
Total Tangible Assets	10 671 000	8 000 000	9 960 000	7 448 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 278 000	8 524 000	10 542 000	8 479 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	81 404 000	54 766 000	66 501 000	81 275 000
Total Current Assets	127 467 000	112 518 000	127 504 000	110 034 000
Total Assets	138 745 000	121 042 000	138 046 000	118 513 000
Total Equity	84 132 000	69 353 000	63 479 000	74 132 000
Short-Term Group Debt	114 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	209 000	2 722 000	1 628 000	1 444 000
Unpaid Taxes	20 991 000	16 794 000	15 061 000	15 970 000
Dividends	0	0	0	0
Other Current Debt	26 266 000	28 682 000	52 388 000	21 779 000
Total Current Debt	54 614 000	51 689 000	74 567 000	44 381 000
Total Equity and Debt	138 745 000	121 042 000	138 046 000	118 513 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,58 %	21,56 %	23,4 %	14,75 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,55 %	7,48 %	8,44 %	5,79 %
Current Ratio	2,33	2,18	1,71	2,48
Quick Ratio	2,33	2,18	1,71	2,48
Equity Ratio	0,61	0,57	0,46	0,63
Gross Profit Margin	98,19 %	98,83 %	96,44 %	96,09 %