SITC AS

4623 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

9,82 %

Current Ratio

2,12

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 616 000	8 369 000	8 229 000	5 264 000
Net Income	422 000	1 317 000	2 621 000	1 773 000
Total Assets	7 684 000	9 059 000	8 445 000	6 077 000
Total Equity	4 297 000	5 993 000	6 680 000	4 058 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 616 000	8 369 000	8 229 000	5 264 000
Expenditure	7 055 000	5 860 000	4 926 000	2 968 000
Operating Profit	561 000	2 510 000	3 302 000	2 295 000
Financial Income	3 000	0	72 000	0
Financial Costs	7 000	804 000	11 000	4 000
Financial Balance	−4 000	−804 000	61 000	−4 000
Earnings Before Tax	557 000	1 706 000	3 363 000	2 292 000
Tax	136 000	388 000	742 000	518 000
Net Income	422 000	1 317 000	2 621 000	1 773 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	500 000	513 000	2 000	175 000
Total Current Assets	7 184 000	8 545 000	8 443 000	5 902 000
Total Assets	7 684 000	9 059 000	8 445 000	6 077 000
Total Retained Equity	4 197 000	5 893 000	6 580 000	3 958 000
Total Equity	4 297 000	5 993 000	6 680 000	4 058 000
Total Long-Term Debt	1 000	2 000	0	0
Total Current Debt	3 386 000	3 064 000	1 765 000	2 019 000
Total Equity and Debt	7 684 000	9 059 000	8 445 000	6 077 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 494 000	8 459 000	8 072 000	5 143 000
Other Income	122 000	−90 000	157 000	121 000
Revenue	7 616 000	8 369 000	8 229 000	5 264 000
Cost of Goods Sold	3 467 000	3 079 000	2 386 000	871 000
Salary Costs	2 836 000	2 283 000	1 910 000	1 588 000
Depreciation	23 000	18 000	0	12 000
Impairment	0	0	0	0
Expenditure	7 055 000	5 860 000	4 926 000	2 968 000
Operating Profit	561 000	2 510 000	3 302 000	2 295 000
Financial Income	3 000	0	72 000	0
Financial Costs	7 000	804 000	11 000	4 000
Financial Balance	−4 000	−804 000	61 000	−4 000
Dividends	2 000 000	1 800 000	0	0
Net Income	422 000	1 317 000	2 621 000	1 773 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	2 000	7 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	74 000	0	0	0
Fixtures	0	88 000	0	168 000
Total Tangible Assets	74 000	88 000	0	168 000
Total Fiancial Fixed Assets	426 000	426 000	0	0
Total Fixed Assets	500 000	513 000	2 000	175 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 349 000	1 520 000	621 000	365 000
Total Current Assets	7 184 000	8 545 000	8 443 000	5 902 000
Total Assets	7 684 000	9 059 000	8 445 000	6 077 000
Total Equity	4 297 000	5 993 000	6 680 000	4 058 000
Short-Term Group Debt	151 000	262 000	0	1 000 000
Total Long-Term Debt	1 000	2 000	0	0
Creditors	121 000	0	378 000	27 000
Unpaid Taxes	556 000	457 000	447 000	314 000
Dividends	2 000 000	1 800 000	0	0
Other Current Debt	456 000	218 000	202 000	156 000
Total Current Debt	3 386 000	3 064 000	1 765 000	2 019 000
Total Equity and Debt	7 684 000	9 059 000	8 445 000	6 077 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,82 %	21,98 %	39,24 %	43,69 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,37 %	29,99 %	40,13 %	43,6 %
Current Ratio	2,12	2,79	4,78	2,92
Quick Ratio	2,12	2,79	4,78	2,92
Equity Ratio	0,56	0,66	0,79	0,67
Gross Profit Margin	54,48 %	63,21 %	71 %	83,45 %