PROFAG NORGE AS

1607 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

17,03 %

Current Ratio

3,66

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 145 000	47 985 000	53 889 000	46 568 000
Net Income	1 616 000	2 225 000	3 582 000	3 651 000
Total Assets	13 058 000	14 410 000	20 268 000	16 867 000
Total Equity	9 487 000	8 471 000	7 245 000	5 663 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 145 000	47 985 000	53 889 000	46 568 000
Expenditure	29 149 000	44 949 000	48 933 000	41 649 000
Operating Profit	1 998 000	3 036 000	4 956 000	4 919 000
Financial Income	318 000	271 000	20 000	155 000
Financial Costs	232 000	453 000	490 000	370 000
Financial Balance	86 000	−182 000	−470 000	−215 000
Earnings Before Tax	2 083 000	2 853 000	4 486 000	4 704 000
Tax	466 000	628 000	904 000	1 053 000
Net Income	1 616 000	2 225 000	3 582 000	3 651 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	384 000	463 000	511 000	174 000
Total Current Assets	12 674 000	13 948 000	19 757 000	16 692 000
Total Assets	13 058 000	14 410 000	20 268 000	16 867 000
Total Retained Equity	8 004 000	6 987 000	5 762 000	4 180 000
Total Equity	9 487 000	8 471 000	7 245 000	5 663 000
Total Long-Term Debt	109 000	143 000	177 000	115 000
Total Current Debt	3 462 000	5 797 000	12 845 000	11 088 000
Total Equity and Debt	13 058 000	14 410 000	20 268 000	16 867 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 145 000	47 985 000	53 609 000	46 568 000
Other Income	0	0	280 000	0
Revenue	31 145 000	47 985 000	53 889 000	46 568 000
Cost of Goods Sold	20 497 000	34 768 000	38 016 000	30 692 000
Salary Costs	3 131 000	3 925 000	3 358 000	3 636 000
Depreciation	87 000	87 000	43 000	100 000
Impairment	0	0	0	0
Expenditure	29 149 000	44 949 000	48 933 000	41 649 000
Operating Profit	1 998 000	3 036 000	4 956 000	4 919 000
Financial Income	318 000	271 000	20 000	155 000
Financial Costs	232 000	453 000	490 000	370 000
Financial Balance	86 000	−182 000	−470 000	−215 000
Dividends	600 000	1 000 000	2 000 000	2 000 000
Net Income	1 616 000	2 225 000	3 582 000	3 651 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	41 000	26 000	9 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	243 000	339 000	405 000	76 000
Total Tangible Assets	243 000	339 000	405 000	76 000
Total Fiancial Fixed Assets	101 000	98 000	98 000	98 000
Total Fixed Assets	384 000	463 000	511 000	174 000
Stock	6 884 000	7 405 000	3 429 000	3 546 000
Total Investments	0	0	0	0
Cash, Bank	2 242 000	2 812 000	4 877 000	2 745 000
Total Current Assets	12 674 000	13 948 000	19 757 000	16 692 000
Total Assets	13 058 000	14 410 000	20 268 000	16 867 000
Total Equity	9 487 000	8 471 000	7 245 000	5 663 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	109 000	143 000	177 000	115 000
Creditors	11 000	1 739 000	5 674 000	4 235 000
Unpaid Taxes	440 000	790 000	1 875 000	1 669 000
Dividends	600 000	1 000 000	2 000 000	2 000 000
Other Current Debt	1 435 000	1 623 000	2 384 000	2 131 000
Total Current Debt	3 462 000	5 797 000	12 845 000	11 088 000
Total Equity and Debt	13 058 000	14 410 000	20 268 000	16 867 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,03 %	26,27 %	49,44 %	64,47 %
Debt-to-Equity Ratio	0,01	0,02	0,02	0,02
Operating Profit Margin	6,42 %	6,33 %	9,2 %	10,56 %
Current Ratio	3,66	2,41	1,54	1,51
Quick Ratio	−3,7	−8,67	2,1	2,21
Equity Ratio	0,73	0,59	0,36	0,34
Gross Profit Margin	34,19 %	27,54 %	29,45 %	34,09 %