BITECO AS

2690 SKJÅK

Finances

Share Ownership

Return on Equity

−41,54 %

Current Ratio

1,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 937 000	5 822 000	4 072 000	5 966 000
Net Income	−405 000	1 583 000	472 000	1 347 000
Total Assets	3 592 000	4 360 000	3 092 000	5 033 000
Total Equity	975 000	1 380 000	1 479 000	1 500 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 937 000	5 822 000	4 072 000	5 966 000
Expenditure	6 469 000	3 809 000	3 493 000	4 247 000
Operating Profit	−531 000	2 013 000	579 000	1 720 000
Financial Income	12 000	18 000	29 000	8 000
Financial Costs	1 000	2 000	3 000	1 000
Financial Balance	11 000	16 000	26 000	7 000
Earnings Before Tax	−520 000	2 030 000	605 000	1 727 000
Tax	−114 000	447 000	133 000	380 000
Net Income	−405 000	1 583 000	472 000	1 347 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	509 000	65 000	82 000	69 000
Total Current Assets	3 082 000	4 296 000	3 010 000	4 964 000
Total Assets	3 592 000	4 360 000	3 092 000	5 033 000
Total Retained Equity	875 000	1 280 000	1 379 000	1 400 000
Total Equity	975 000	1 380 000	1 479 000	1 500 000
Total Long-Term Debt	0	8 000	21 000	27 000
Total Current Debt	2 617 000	2 972 000	1 591 000	3 506 000
Total Equity and Debt	3 592 000	4 360 000	3 092 000	5 033 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 867 000	5 766 000	3 998 000	5 912 000
Other Income	70 000	55 000	74 000	55 000
Revenue	5 937 000	5 822 000	4 072 000	5 966 000
Cost of Goods Sold	3 416 000	1 396 000	1 183 000	1 897 000
Salary Costs	2 624 000	2 048 000	2 128 000	2 150 000
Depreciation	94 000	24 000	23 000	7 000
Impairment	0	0	0	0
Expenditure	6 469 000	3 809 000	3 493 000	4 247 000
Operating Profit	−531 000	2 013 000	579 000	1 720 000
Financial Income	12 000	18 000	29 000	8 000
Financial Costs	1 000	2 000	3 000	1 000
Financial Balance	11 000	16 000	26 000	7 000
Dividends	0	0	0	0
Net Income	−405 000	1 583 000	472 000	1 347 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	121 000	7 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	389 000	58 000	82 000	69 000
Fixtures	0	0	0	0
Total Tangible Assets	389 000	58 000	82 000	69 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	509 000	65 000	82 000	69 000
Stock	550 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 146 000	3 500 000	2 238 000	1 835 000
Total Current Assets	3 082 000	4 296 000	3 010 000	4 964 000
Total Assets	3 592 000	4 360 000	3 092 000	5 033 000
Total Equity	975 000	1 380 000	1 479 000	1 500 000
Short-Term Group Debt	1 651 000	2 157 000	871 000	2 737 000
Total Long-Term Debt	0	8 000	21 000	27 000
Creditors	122 000	43 000	25 000	−32 000
Unpaid Taxes	351 000	393 000	392 000	580 000
Dividends	0	0	0	0
Other Current Debt	493 000	379 000	303 000	221 000
Total Current Debt	2 617 000	2 972 000	1 591 000	3 506 000
Total Equity and Debt	3 592 000	4 360 000	3 092 000	5 033 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−41,54 %	114,71 %	31,91 %	89,8 %
Debt-to-Equity Ratio	0	0,01	0,01	0,02
Operating Profit Margin	−8,94 %	34,58 %	14,22 %	28,83 %
Current Ratio	1,18	1,45	1,89	1,42
Quick Ratio	1,49	1,45	1,89	1,42
Equity Ratio	0,27	0,32	0,48	0,3
Gross Profit Margin	42,46 %	76,02 %	70,95 %	68,2 %