WITEC AS

4351 KLEPPE

Finances

Share Ownership

Return on Equity

95,17 %

Current Ratio

4,05

Debt-to-Equity Ratio

1,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 517 000	14 225 000	9 819 000	12 782 000
Net Income	4 083 000	−9 000	717 000	1 116 000
Total Assets	11 889 000	8 468 000	8 991 000	8 531 000
Total Equity	4 290 000	207 000	215 000	4 614 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 517 000	14 225 000	9 819 000	12 782 000
Expenditure	17 363 000	13 912 000	8 918 000	11 214 000
Operating Profit	5 154 000	313 000	901 000	1 567 000
Financial Income	82 000	40 000	111 000	21 000
Financial Costs	270 000	82 000	88 000	154 000
Financial Balance	−188 000	−42 000	23 000	−133 000
Earnings Before Tax	4 966 000	271 000	924 000	1 434 000
Tax	883 000	280 000	206 000	318 000
Net Income	4 083 000	−9 000	717 000	1 116 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	144 000	170 000	83 000	29 000
Total Current Assets	11 745 000	8 298 000	8 909 000	8 502 000
Total Assets	11 889 000	8 468 000	8 991 000	8 531 000
Total Retained Equity	4 190 000	107 000	115 000	4 514 000
Total Equity	4 290 000	207 000	215 000	4 614 000
Total Long-Term Debt	4 701 000	5 873 000	5 873 000	73 000
Total Current Debt	2 897 000	2 388 000	2 903 000	3 844 000
Total Equity and Debt	11 889 000	8 468 000	8 991 000	8 531 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 517 000	14 225 000	9 819 000	12 782 000
Other Income	0	0	0	0
Revenue	22 517 000	14 225 000	9 819 000	12 782 000
Cost of Goods Sold	13 388 000	10 157 000	6 416 000	9 269 000
Salary Costs	2 859 000	2 852 000	1 748 000	1 350 000
Depreciation	42 000	19 000	8 000	8 000
Impairment	0	0	0	0
Expenditure	17 363 000	13 912 000	8 918 000	11 214 000
Operating Profit	5 154 000	313 000	901 000	1 567 000
Financial Income	82 000	40 000	111 000	21 000
Financial Costs	270 000	82 000	88 000	154 000
Financial Balance	−188 000	−42 000	23 000	−133 000
Dividends	0	0	39 000	0
Net Income	4 083 000	−9 000	717 000	1 116 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	4 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	144 000	170 000	62 000	6 000
Total Tangible Assets	144 000	170 000	62 000	6 000
Total Fiancial Fixed Assets	0	0	20 000	20 000
Total Fixed Assets	144 000	170 000	83 000	29 000
Stock	6 831 000	6 321 000	7 535 000	6 559 000
Total Investments	0	0	0	0
Cash, Bank	1 743 000	130 000	113 000	55 000
Total Current Assets	11 745 000	8 298 000	8 909 000	8 502 000
Total Assets	11 889 000	8 468 000	8 991 000	8 531 000
Total Equity	4 290 000	207 000	215 000	4 614 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 701 000	5 873 000	5 873 000	73 000
Creditors	765 000	585 000	749 000	379 000
Unpaid Taxes	865 000	650 000	438 000	347 000
Dividends	0	0	39 000	0
Other Current Debt	387 000	323 000	220 000	201 000
Total Current Debt	2 897 000	2 388 000	2 903 000	3 844 000
Total Equity and Debt	11 889 000	8 468 000	8 991 000	8 531 000

Financial indicators	2022	2021	2020	2019
Return on Equity	95,17 %	−4,35 %	333,49 %	24,19 %
Debt-to-Equity Ratio	1,1	28,37	27,32	0,02
Operating Profit Margin	22,89 %	2,2 %	9,18 %	12,26 %
Current Ratio	4,05	3,47	3,07	2,21
Quick Ratio	−2,99	−2,11	−1,92	−3,13
Equity Ratio	0,36	0,02	0,02	0,54
Gross Profit Margin	40,54 %	28,6 %	34,66 %	27,48 %