EWITECH AS

2360 RUDSHØGDA

Finances

Share Ownership

Return on Equity

−75,62 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 914 000	7 543 000	4 912 000	3 030 000
Net Income	−276 000	−235 000	−154 000	220 000
Total Assets	2 357 000	2 893 000	1 927 000	963 000
Total Equity	365 000	641 000	876 000	515 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 914 000	7 543 000	4 912 000	3 030 000
Expenditure	9 103 000	8 134 000	5 108 000	2 824 000
Operating Profit	−266 000	−228 000	−149 000	237 000
Financial Income	10 000	7 000	1 000	1 000
Financial Costs	21 000	14 000	6 000	4 000
Financial Balance	−11 000	−7 000	−5 000	−3 000
Earnings Before Tax	−276 000	−235 000	−154 000	233 000
Tax	0	0	0	14 000
Net Income	−276 000	−235 000	−154 000	220 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 000	38 000	0	0
Total Current Assets	2 306 000	2 855 000	1 927 000	963 000
Total Assets	2 357 000	2 893 000	1 927 000	963 000
Total Retained Equity	−250 000	26 000	261 000	415 000
Total Equity	365 000	641 000	876 000	515 000
Total Long-Term Debt	0	0	0	2 000
Total Current Debt	1 992 000	2 251 000	1 051 000	446 000
Total Equity and Debt	2 357 000	2 893 000	1 927 000	963 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 914 000	7 543 000	4 912 000	2 945 000
Other Income	0	0	0	85 000
Revenue	8 914 000	7 543 000	4 912 000	3 030 000
Cost of Goods Sold	1 997 000	1 627 000	1 099 000	782 000
Salary Costs	5 859 000	5 586 000	3 477 000	1 510 000
Depreciation	16 000	1 000	0	0
Impairment	0	0	0	0
Expenditure	9 103 000	8 134 000	5 108 000	2 824 000
Operating Profit	−266 000	−228 000	−149 000	237 000
Financial Income	10 000	7 000	1 000	1 000
Financial Costs	21 000	14 000	6 000	4 000
Financial Balance	−11 000	−7 000	−5 000	−3 000
Dividends	0	0	0	0
Net Income	−276 000	−235 000	−154 000	220 000

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	22 000	0	0	0
Fixtures	30 000	38 000	0	0
Total Tangible Assets	52 000	38 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	52 000	38 000	0	0
Stock	432 000	509 000	146 000	98 000
Total Investments	0	0	0	0
Cash, Bank	1 370 000	831 000	908 000	282 000
Total Current Assets	2 306 000	2 855 000	1 927 000	963 000
Total Assets	2 357 000	2 893 000	1 927 000	963 000
Total Equity	365 000	641 000	876 000	515 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	2 000
Creditors	0	192 000	224 000	135 000
Unpaid Taxes	936 000	1 179 000	616 000	247 000
Dividends	0	0	0	0
Other Current Debt	0	880 000	211 000	50 000
Total Current Debt	1 992 000	2 251 000	1 051 000	446 000
Total Equity and Debt	2 357 000	2 893 000	1 927 000	963 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−75,62 %	−36,66 %	−17,58 %	42,72 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,98 %	−3,02 %	−3,03 %	7,82 %
Current Ratio	1,16	1,27	1,83	2,16
Quick Ratio	1,48	1,64	2,13	2,77
Equity Ratio	0,15	0,22	0,45	0,53
Gross Profit Margin	77,6 %	78,43 %	77,63 %	74,19 %