SITSKI NORWAY AS

2323 INGEBERG

Finances

Share Ownership

Return on Equity

52,82 %

Current Ratio

2,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 262 000	5 441 000	4 042 000	6 895 000
Net Income	2 344 000	1 890 000	877 000	3 209 000
Total Assets	6 847 000	6 034 000	5 540 000	8 189 000
Total Equity	4 438 000	3 655 000	3 324 000	4 204 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 262 000	5 441 000	4 042 000	6 895 000
Expenditure	3 259 000	3 032 000	2 930 000	2 794 000
Operating Profit	3 004 000	2 409 000	1 112 000	4 100 000
Financial Income	6 000	6 000	8 000	11 000
Financial Costs	3 000	1 000	0	2 000
Financial Balance	3 000	5 000	8 000	9 000
Earnings Before Tax	3 007 000	2 414 000	1 120 000	4 109 000
Tax	663 000	523 000	243 000	900 000
Net Income	2 344 000	1 890 000	877 000	3 209 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 965 000	2 013 000	2 012 000	1 959 000
Total Current Assets	4 883 000	4 021 000	3 528 000	6 230 000
Total Assets	6 847 000	6 034 000	5 540 000	8 189 000
Total Retained Equity	4 338 000	3 555 000	3 224 000	4 104 000
Total Equity	4 438 000	3 655 000	3 324 000	4 204 000
Total Long-Term Debt	0	1 000	0	0
Total Current Debt	2 409 000	2 378 000	2 216 000	3 984 000
Total Equity and Debt	6 847 000	6 034 000	5 540 000	8 189 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 201 000	5 307 000	3 984 000	6 868 000
Other Income	62 000	134 000	58 000	27 000
Revenue	6 262 000	5 441 000	4 042 000	6 895 000
Cost of Goods Sold	2 627 000	2 391 000	2 361 000	2 399 000
Salary Costs	1 000	0	0	0
Depreciation	48 000	40 000	36 000	29 000
Impairment	0	0	0	0
Expenditure	3 259 000	3 032 000	2 930 000	2 794 000
Operating Profit	3 004 000	2 409 000	1 112 000	4 100 000
Financial Income	6 000	6 000	8 000	11 000
Financial Costs	3 000	1 000	0	2 000
Financial Balance	3 000	5 000	8 000	9 000
Dividends	0	0	0	0
Net Income	2 344 000	1 890 000	877 000	3 209 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 946 000	1 735 000	1 725 000	1 725 000
Machinery and Plant Facilities	18 000	0	0	0
Fixtures	0	277 000	287 000	234 000
Total Tangible Assets	1 965 000	2 013 000	2 012 000	1 959 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 965 000	2 013 000	2 012 000	1 959 000
Stock	499 000	368 000	836 000	237 000
Total Investments	0	0	0	0
Cash, Bank	3 787 000	2 489 000	2 355 000	5 375 000
Total Current Assets	4 883 000	4 021 000	3 528 000	6 230 000
Total Assets	6 847 000	6 034 000	5 540 000	8 189 000
Total Equity	4 438 000	3 655 000	3 324 000	4 204 000
Short-Term Group Debt	2 000 000	2 000 000	2 000 000	3 500 000
Total Long-Term Debt	0	1 000	0	0
Creditors	12 000	10 000	23 000	32 000
Unpaid Taxes	153 000	253 000	163 000	295 000
Dividends	0	0	0	0
Other Current Debt	20 000	33 000	29 000	27 000
Total Current Debt	2 409 000	2 378 000	2 216 000	3 984 000
Total Equity and Debt	6 847 000	6 034 000	5 540 000	8 189 000

Financial indicators	2022	2021	2020	2019
Return on Equity	52,82 %	51,71 %	26,38 %	76,33 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	47,97 %	44,27 %	27,51 %	59,46 %
Current Ratio	2,03	1,69	1,59	1,56
Quick Ratio	2,56	2	2,56	1,66
Equity Ratio	0,65	0,61	0,6	0,51
Gross Profit Margin	58,05 %	56,06 %	41,59 %	65,21 %