SITECH NORWAY AS

3414 LIERSTRANDA

Finances

Share Ownership

Return on Equity

10,71 %

Current Ratio

1,39

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	47 870 000	47 272 000	53 319 000	80 553 000
Net Income	610 000	1 464 000	−763 000	557 000
Total Assets	18 803 000	17 180 000	16 711 000	17 406 000
Total Equity	5 696 000	5 086 000	3 622 000	3 426 000

Income (NOK)	2022	2021	2020	2019
Revenue	47 870 000	47 272 000	53 319 000	80 553 000
Expenditure	46 881 000	45 546 000	54 108 000	79 484 000
Operating Profit	990 000	1 727 000	−788 000	1 069 000
Financial Income	10 000	0	0	0
Financial Costs	201 000	−162 000	187 000	338 000
Financial Balance	−191 000	162 000	−187 000	−338 000
Earnings Before Tax	799 000	1 889 000	−974 000	730 000
Tax	189 000	425 000	−211 000	173 000
Net Income	610 000	1 464 000	−763 000	557 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	835 000	976 000	1 356 000	1 407 000
Total Current Assets	17 968 000	16 204 000	15 355 000	15 999 000
Total Assets	18 803 000	17 180 000	16 711 000	17 406 000
Total Retained Equity	696 000	86 000	−1 378 000	−1 574 000
Total Equity	5 696 000	5 086 000	3 622 000	3 426 000
Total Long-Term Debt	200 000	200 000	200 000	200 000
Total Current Debt	12 907 000	11 894 000	12 889 000	13 780 000
Total Equity and Debt	18 803 000	17 180 000	16 711 000	17 406 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	47 870 000	47 227 000	53 319 000	80 553 000
Other Income	0	45 000	0	0
Revenue	47 870 000	47 272 000	53 319 000	80 553 000
Cost of Goods Sold	22 991 000	24 213 000	31 457 000	48 775 000
Salary Costs	16 050 000	15 365 000	15 145 000	20 458 000
Depreciation	326 000	352 000	299 000	310 000
Impairment	0	0	0	0
Expenditure	46 881 000	45 546 000	54 108 000	79 484 000
Operating Profit	990 000	1 727 000	−788 000	1 069 000
Financial Income	10 000	0	0	0
Financial Costs	201 000	−162 000	187 000	338 000
Financial Balance	−191 000	162 000	−187 000	−338 000
Dividends	0	0	0	0
Net Income	610 000	1 464 000	−763 000	557 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	526 000	517 000	655 000	739 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	310 000	459 000	701 000	669 000
Total Tangible Assets	310 000	459 000	701 000	669 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	835 000	976 000	1 356 000	1 407 000
Stock	11 761 000	7 872 000	6 821 000	9 007 000
Total Investments	0	0	0	0
Cash, Bank	1 184 000	500 000	626 000	719 000
Total Current Assets	17 968 000	16 204 000	15 355 000	15 999 000
Total Assets	18 803 000	17 180 000	16 711 000	17 406 000
Total Equity	5 696 000	5 086 000	3 622 000	3 426 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	200 000	200 000	200 000	200 000
Creditors	2 675 000	2 641 000	3 053 000	1 785 000
Unpaid Taxes	1 833 000	2 757 000	2 962 000	3 457 000
Dividends	0	0	0	0
Other Current Debt	8 169 000	6 205 000	6 875 000	8 258 000
Total Current Debt	12 907 000	11 894 000	12 889 000	13 780 000
Total Equity and Debt	18 803 000	17 180 000	16 711 000	17 406 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,71 %	28,78 %	−21,07 %	16,26 %
Debt-to-Equity Ratio	0,04	0,04	0,06	0,06
Operating Profit Margin	2,07 %	3,65 %	−1,48 %	1,33 %
Current Ratio	1,39	1,36	1,19	1,16
Quick Ratio	15,68	4,03	2,53	3,35
Equity Ratio	0,3	0,3	0,22	0,2
Gross Profit Margin	51,97 %	48,78 %	41 %	39,45 %