KIRITEC AS

9020 TROMSDALEN

Finances

Return on Equity

−479,98 %

Current Ratio

1,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	104 000	75 000	372 000	463 000
Net Income	−4 987 000	−3 385 000	−5 652 000	12 734 000
Total Assets	4 770 000	12 093 000	15 259 000	20 262 000
Total Equity	1 039 000	6 026 000	9 411 000	15 063 000

Income (NOK)	2022	2021	2020	2019
Revenue	104 000	75 000	372 000	463 000
Expenditure	166 000	206 000	178 000	245 000
Operating Profit	−62 000	−131 000	195 000	219 000
Financial Income	0	6 294 000	4 277 000	12 628 000
Financial Costs	4 925 000	9 548 000	10 176 000	75 000
Financial Balance	−4 925 000	−3 254 000	−5 899 000	12 553 000
Earnings Before Tax	−4 987 000	−3 385 000	−5 705 000	12 771 000
Tax	0	0	−53 000	37 000
Net Income	−4 987 000	−3 385 000	−5 652 000	12 734 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	4 770 000	12 093 000	15 259 000	20 262 000
Total Assets	4 770 000	12 093 000	15 259 000	20 262 000
Total Retained Equity	939 000	5 926 000	9 311 000	14 963 000
Total Equity	1 039 000	6 026 000	9 411 000	15 063 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 731 000	6 067 000	5 847 000	5 199 000
Total Equity and Debt	4 770 000	12 093 000	15 259 000	20 262 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	104 000	75 000	372 000	463 000
Other Income	0	0	0	0
Revenue	104 000	75 000	372 000	463 000
Cost of Goods Sold	28 000	25 000	43 000	226 000
Salary Costs	0	108 000	108 000	2 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	166 000	206 000	178 000	245 000
Operating Profit	−62 000	−131 000	195 000	219 000
Financial Income	0	6 294 000	4 277 000	12 628 000
Financial Costs	4 925 000	9 548 000	10 176 000	75 000
Financial Balance	−4 925 000	−3 254 000	−5 899 000	12 553 000
Dividends	0	0	0	0
Net Income	−4 987 000	−3 385 000	−5 652 000	12 734 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	4 249 000	12 068 000	15 087 000	20 189 000
Cash, Bank	21 000	12 000	79 000	61 000
Total Current Assets	4 770 000	12 093 000	15 259 000	20 262 000
Total Assets	4 770 000	12 093 000	15 259 000	20 262 000
Total Equity	1 039 000	6 026 000	9 411 000	15 063 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	8 000	24 000	8 000
Unpaid Taxes	22 000	14 000	42 000	67 000
Dividends	0	0	0	0
Other Current Debt	3 706 000	6 045 000	5 782 000	5 088 000
Total Current Debt	3 731 000	6 067 000	5 847 000	5 199 000
Total Equity and Debt	4 770 000	12 093 000	15 259 000	20 262 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−479,98 %	−56,17 %	−60,06 %	84,54 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−59,62 %	−174,67 %	52,42 %	47,3 %
Current Ratio	1,28	1,99	2,61	3,9
Quick Ratio	1,28	1,99	2,61	3,9
Equity Ratio	0,22	0,5	0,62	0,74
Gross Profit Margin	73,08 %	66,67 %	88,44 %	51,19 %