ECIT GROUP SERVICES AS

1364 FORNEBU

Finances

Share Ownership

Return on Equity

−183,65 %

Current Ratio

0,98

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	128 762 000	79 652 000	73 393 000	42 347 000
Net Income	−9 326 000	10 978 000	11 212 000	17 323 000
Total Assets	24 327 000	112 588 000	98 369 000	116 668 000
Total Equity	5 078 000	14 404 000	63 850 000	52 637 000

Income (NOK)	2022	2021	2020	2019
Revenue	128 762 000	79 652 000	73 393 000	42 347 000
Expenditure	134 627 000	79 694 000	73 760 000	43 924 000
Operating Profit	−5 864 000	−42 000	−367 000	−1 577 000
Financial Income	637 000	13 518 000	16 155 000	20 886 000
Financial Costs	5 658 000	2 744 000	4 653 000	2 409 000
Financial Balance	−5 021 000	10 774 000	11 502 000	18 477 000
Earnings Before Tax	−10 886 000	10 732 000	11 135 000	16 899 000
Tax	−1 559 000	−246 000	−77 000	−424 000
Net Income	−9 326 000	10 978 000	11 212 000	17 323 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 518 000	66 027 000	72 124 000	81 204 000
Total Current Assets	18 809 000	46 561 000	26 245 000	35 465 000
Total Assets	24 327 000	112 588 000	98 369 000	116 668 000
Total Retained Equity	−9 369 000	−43 000	31 224 000	20 011 000
Total Equity	5 078 000	14 404 000	63 850 000	52 637 000
Total Long-Term Debt	0	22 676 000	22 712 000	32 788 000
Total Current Debt	19 250 000	75 508 000	11 807 000	31 243 000
Total Equity and Debt	24 327 000	112 588 000	98 369 000	116 668 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	128 762 000	79 652 000	72 676 000	42 347 000
Other Income	0	0	716 000	0
Revenue	128 762 000	79 652 000	73 393 000	42 347 000
Cost of Goods Sold	95 211 000	59 237 000	61 056 000	32 112 000
Salary Costs	16 676 000	10 549 000	6 930 000	7 210 000
Depreciation	38 000	45 000	368 000	950 000
Impairment	0	0	0	18 000
Expenditure	134 627 000	79 694 000	73 760 000	43 924 000
Operating Profit	−5 864 000	−42 000	−367 000	−1 577 000
Financial Income	637 000	13 518 000	16 155 000	20 886 000
Financial Costs	5 658 000	2 744 000	4 653 000	2 409 000
Financial Balance	−5 021 000	10 774 000	11 502 000	18 477 000
Dividends	0	60 625 000	0	0
Net Income	−9 326 000	10 978 000	11 212 000	17 323 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 906 000	2 347 000	2 100 000	8 231 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	29 000	67 000	113 000	158 000
Total Tangible Assets	29 000	67 000	113 000	158 000
Total Fiancial Fixed Assets	1 582 000	63 613 000	69 912 000	72 815 000
Total Fixed Assets	5 518 000	66 027 000	72 124 000	81 204 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 890 000	1 294 000	1 698 000	20 285 000
Total Current Assets	18 809 000	46 561 000	26 245 000	35 465 000
Total Assets	24 327 000	112 588 000	98 369 000	116 668 000
Total Equity	5 078 000	14 404 000	63 850 000	52 637 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	22 676 000	22 712 000	32 788 000
Creditors	10 461 000	6 238 000	5 455 000	2 496 000
Unpaid Taxes	1 077 000	1 238 000	869 000	1 310 000
Dividends	0	60 625 000	0	0
Other Current Debt	7 711 000	7 407 000	5 482 000	21 597 000
Total Current Debt	19 250 000	75 508 000	11 807 000	31 243 000
Total Equity and Debt	24 327 000	112 588 000	98 369 000	116 668 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−183,65 %	76,21 %	17,56 %	32,91 %
Debt-to-Equity Ratio	0	1,57	0,36	0,62
Operating Profit Margin	−4,55 %	−0,05 %	−0,5 %	−3,72 %
Current Ratio	0,98	0,62	2,22	1,14
Quick Ratio	0,98	0,62	2,22	1,14
Equity Ratio	0,21	0,13	0,65	0,45
Gross Profit Margin	26,06 %	25,63 %	16,81 %	24,17 %