SÆTHEREN ELEMENT AS

3516 HØNEFOSS

Finances

Share Ownership

Return on Equity

63,02 %

Current Ratio

1,3

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	45 333 000	40 602 000	40 182 000	35 124 000
Net Income	2 609 000	934 000	2 054 000	2 201 000
Total Assets	16 412 000	15 518 000	17 957 000	15 297 000
Total Equity	4 140 000	4 261 000	3 852 000	3 995 000

Income (NOK)	2022	2021	2020	2019
Revenue	45 333 000	40 602 000	40 182 000	35 124 000
Expenditure	41 931 000	39 381 000	37 462 000	31 719 000
Operating Profit	3 402 000	1 221 000	2 720 000	3 406 000
Financial Income	2 000	31 000	0	1 000
Financial Costs	59 000	54 000	88 000	105 000
Financial Balance	−57 000	−23 000	−88 000	−104 000
Earnings Before Tax	3 345 000	1 197 000	2 633 000	3 302 000
Tax	736 000	263 000	579 000	1 101 000
Net Income	2 609 000	934 000	2 054 000	2 201 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 285 000	2 203 000	2 111 000	2 271 000
Total Current Assets	14 127 000	13 315 000	15 846 000	13 025 000
Total Assets	16 412 000	15 518 000	17 957 000	15 297 000
Total Retained Equity	3 938 000	4 058 000	3 649 000	3 792 000
Total Equity	4 140 000	4 261 000	3 852 000	3 995 000
Total Long-Term Debt	1 373 000	1 930 000	1 864 000	2 090 000
Total Current Debt	10 899 000	9 327 000	12 241 000	9 211 000
Total Equity and Debt	16 412 000	15 518 000	17 957 000	15 297 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	45 333 000	40 445 000	40 046 000	35 124 000
Other Income	0	157 000	136 000	0
Revenue	45 333 000	40 602 000	40 182 000	35 124 000
Cost of Goods Sold	20 477 000	20 514 000	20 001 000	15 752 000
Salary Costs	11 460 000	11 563 000	10 663 000	9 213 000
Depreciation	482 000	528 000	431 000	336 000
Impairment	0	0	0	0
Expenditure	41 931 000	39 381 000	37 462 000	31 719 000
Operating Profit	3 402 000	1 221 000	2 720 000	3 406 000
Financial Income	2 000	31 000	0	1 000
Financial Costs	59 000	54 000	88 000	105 000
Financial Balance	−57 000	−23 000	−88 000	−104 000
Dividends	0	0	0	0
Net Income	2 609 000	934 000	2 054 000	2 201 000

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	685 000	849 000	1 437 000	1 278 000
Fixtures	1 057 000	546 000	90 000	215 000
Total Tangible Assets	1 742 000	1 395 000	1 526 000	1 493 000
Total Fiancial Fixed Assets	543 000	808 000	584 000	779 000
Total Fixed Assets	2 285 000	2 203 000	2 111 000	2 271 000
Stock	1 796 000	1 792 000	559 000	528 000
Total Investments	0	0	0	0
Cash, Bank	3 404 000	2 116 000	4 669 000	3 261 000
Total Current Assets	14 127 000	13 315 000	15 846 000	13 025 000
Total Assets	16 412 000	15 518 000	17 957 000	15 297 000
Total Equity	4 140 000	4 261 000	3 852 000	3 995 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 373 000	1 930 000	1 864 000	2 090 000
Creditors	1 587 000	3 361 000	4 007 000	1 636 000
Unpaid Taxes	3 306 000	2 389 000	2 717 000	2 219 000
Dividends	0	0	0	0
Other Current Debt	5 347 000	3 577 000	5 087 000	5 349 000
Total Current Debt	10 899 000	9 327 000	12 241 000	9 211 000
Total Equity and Debt	16 412 000	15 518 000	17 957 000	15 297 000

Financial indicators	2022	2021	2020	2019
Return on Equity	63,02 %	21,92 %	53,32 %	55,09 %
Debt-to-Equity Ratio	0,33	0,45	0,48	0,52
Operating Profit Margin	7,5 %	3,01 %	6,77 %	9,7 %
Current Ratio	1,3	1,43	1,29	1,41
Quick Ratio	1,55	1,77	1,36	1,5
Equity Ratio	0,25	0,27	0,21	0,26
Gross Profit Margin	54,83 %	49,48 %	50,22 %	55,15 %