WITEC HOLDING AS

4343 ORRE

Finances

Return on Equity

36,06 %

Current Ratio

1,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 000	0	0	0
Net Income	4 376 000	−40 000	5 619 000	−26 000
Total Assets	13 753 000	12 559 000	13 317 000	7 686 000
Total Equity	12 134 000	8 759 000	12 299 000	7 680 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 000	0	0	0
Expenditure	110 000	41 000	51 000	39 000
Operating Profit	−109 000	−41 000	−51 000	−39 000
Financial Income	4 484 000	1 000	5 670 000	13 000
Financial Costs	0	0	0	1 000
Financial Balance	4 484 000	1 000	5 670 000	12 000
Earnings Before Tax	4 376 000	−40 000	5 619 000	−26 000
Tax	0	0	0	0
Net Income	4 376 000	−40 000	5 619 000	−26 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 588 000	12 040 000	12 040 000	7 601 000
Total Current Assets	3 165 000	519 000	1 277 000	85 000
Total Assets	13 753 000	12 559 000	13 317 000	7 686 000
Total Retained Equity	4 916 000	1 540 000	5 080 000	461 000
Total Equity	12 134 000	8 759 000	12 299 000	7 680 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 618 000	3 801 000	1 019 000	6 000
Total Equity and Debt	13 753 000	12 559 000	13 317 000	7 686 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	2 000	0	0	0
Revenue	2 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	110 000	41 000	51 000	39 000
Operating Profit	−109 000	−41 000	−51 000	−39 000
Financial Income	4 484 000	1 000	5 670 000	13 000
Financial Costs	0	0	0	1 000
Financial Balance	4 484 000	1 000	5 670 000	12 000
Dividends	0	0	1 000 000	0
Net Income	4 376 000	−40 000	5 619 000	−26 000

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	10 588 000	12 040 000	12 040 000	7 601 000
Total Fixed Assets	10 588 000	12 040 000	12 040 000	7 601 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 165 000	519 000	1 270 000	5 000
Total Current Assets	3 165 000	519 000	1 277 000	85 000
Total Assets	13 753 000	12 559 000	13 317 000	7 686 000
Total Equity	12 134 000	8 759 000	12 299 000	7 680 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 000	7 000	19 000	6 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	1 000 000	0
Other Current Debt	1 613 000	3 793 000	0	0
Total Current Debt	1 618 000	3 801 000	1 019 000	6 000
Total Equity and Debt	13 753 000	12 559 000	13 317 000	7 686 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,06 %	−0,46 %	45,69 %	−0,34 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5 450 %	-	-	-
Current Ratio	1,96	0,14	1,25	14,17
Quick Ratio	1,96	0,14	1,25	14,17
Equity Ratio	0,88	0,7	0,92	1
Gross Profit Margin	100 %	-	-	-