SITHA VVS TEAM AS

5108 HORDVIK

Finances

Share Ownership

Return on Equity

33,95 %

Current Ratio

3,06

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 643 000	6 833 000	7 927 000	4 898 000
Net Income	1 664 000	269 000	1 417 000	451 000
Total Assets	7 274 000	4 163 000	5 660 000	3 699 000
Total Equity	4 901 000	3 237 000	4 168 000	2 751 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 643 000	6 833 000	7 927 000	4 898 000
Expenditure	12 145 000	6 289 000	6 115 000	4 447 000
Operating Profit	2 498 000	543 000	1 812 000	451 000
Financial Income	1 000	0	0	11 000
Financial Costs	5 000	2 000	1 000	2 000
Financial Balance	−4 000	−2 000	−1 000	9 000
Earnings Before Tax	2 494 000	541 000	1 812 000	461 000
Tax	831 000	272 000	395 000	10 000
Net Income	1 664 000	269 000	1 417 000	451 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 000	20 000	35 000	28 000
Total Current Assets	7 260 000	4 144 000	5 626 000	3 671 000
Total Assets	7 274 000	4 163 000	5 660 000	3 699 000
Total Retained Equity	4 701 000	3 037 000	3 968 000	2 551 000
Total Equity	4 901 000	3 237 000	4 168 000	2 751 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 373 000	926 000	1 492 000	948 000
Total Equity and Debt	7 274 000	4 163 000	5 660 000	3 699 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 643 000	6 833 000	7 927 000	4 898 000
Other Income	0	0	0	0
Revenue	14 643 000	6 833 000	7 927 000	4 898 000
Cost of Goods Sold	7 583 000	2 649 000	3 682 000	1 994 000
Salary Costs	2 206 000	1 987 000	1 818 000	1 879 000
Depreciation	10 000	5 000	5 000	0
Impairment	0	0	0	0
Expenditure	12 145 000	6 289 000	6 115 000	4 447 000
Operating Profit	2 498 000	543 000	1 812 000	451 000
Financial Income	1 000	0	0	11 000
Financial Costs	5 000	2 000	1 000	2 000
Financial Balance	−4 000	−2 000	−1 000	9 000
Dividends	0	1 200 000	0	0
Net Income	1 664 000	269 000	1 417 000	451 000

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	14 000	12 000	17 000	0
Total Tangible Assets	14 000	12 000	17 000	0
Total Fiancial Fixed Assets	0	8 000	18 000	28 000
Total Fixed Assets	14 000	20 000	35 000	28 000
Stock	116 000	104 000	141 000	132 000
Total Investments	0	0	0	0
Cash, Bank	4 254 000	1 411 000	3 829 000	1 482 000
Total Current Assets	7 260 000	4 144 000	5 626 000	3 671 000
Total Assets	7 274 000	4 163 000	5 660 000	3 699 000
Total Equity	4 901 000	3 237 000	4 168 000	2 751 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 157 000	147 000	294 000	216 000
Unpaid Taxes	178 000	255 000	583 000	541 000
Dividends	0	1 200 000	0	0
Other Current Debt	207 000	252 000	220 000	180 000
Total Current Debt	2 373 000	926 000	1 492 000	948 000
Total Equity and Debt	7 274 000	4 163 000	5 660 000	3 699 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,95 %	8,31 %	34 %	16,39 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,06 %	7,95 %	22,86 %	9,21 %
Current Ratio	3,06	4,48	3,77	3,87
Quick Ratio	3,22	5,04	4,16	4,5
Equity Ratio	0,67	0,78	0,74	0,74
Gross Profit Margin	48,21 %	61,23 %	53,55 %	59,29 %