KORSSUND HANDEL AS

6964 KORSSUND

Finances

Return on Equity

−11,2 %

Current Ratio

3,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 272 000	4 870 000	5 635 000	4 454 000
Net Income	−87 000	−49 000	308 000	−2 000
Total Assets	989 000	1 047 000	1 242 000	1 033 000
Total Equity	777 000	865 000	914 000	606 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 272 000	4 870 000	5 635 000	4 454 000
Expenditure	5 352 000	4 902 000	5 300 000	4 443 000
Operating Profit	−80 000	−34 000	334 000	11 000
Financial Income	0	0	0	0
Financial Costs	8 000	15 000	10 000	13 000
Financial Balance	−8 000	−15 000	−10 000	−13 000
Earnings Before Tax	−87 000	−49 000	325 000	−2 000
Tax	0	0	17 000	0
Net Income	−87 000	−49 000	308 000	−2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	306 000	346 000	390 000	422 000
Total Current Assets	683 000	701 000	852 000	611 000
Total Assets	989 000	1 047 000	1 242 000	1 033 000
Total Retained Equity	245 000	333 000	382 000	74 000
Total Equity	777 000	865 000	914 000	606 000
Total Long-Term Debt	0	52 000	103 000	152 000
Total Current Debt	212 000	130 000	225 000	276 000
Total Equity and Debt	989 000	1 047 000	1 242 000	1 033 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 121 000	4 833 000	5 598 000	4 432 000
Other Income	151 000	37 000	37 000	21 000
Revenue	5 272 000	4 870 000	5 635 000	4 454 000
Cost of Goods Sold	4 261 000	3 628 000	4 280 000	3 494 000
Salary Costs	736 000	818 000	683 000	600 000
Depreciation	39 000	64 000	61 000	56 000
Impairment	0	0	0	0
Expenditure	5 352 000	4 902 000	5 300 000	4 443 000
Operating Profit	−80 000	−34 000	334 000	11 000
Financial Income	0	0	0	0
Financial Costs	8 000	15 000	10 000	13 000
Financial Balance	−8 000	−15 000	−10 000	−13 000
Dividends	0	0	0	0
Net Income	−87 000	−49 000	308 000	−2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	72 000	77 000	95 000	113 000
Machinery and Plant Facilities	180 000	0	0	0
Fixtures	54 000	267 000	294 000	308 000
Total Tangible Assets	306 000	345 000	389 000	421 000
Total Fiancial Fixed Assets	0	1 000	1 000	1 000
Total Fixed Assets	306 000	346 000	390 000	422 000
Stock	410 000	486 000	446 000	491 000
Total Investments	1 000	0	0	0
Cash, Bank	181 000	108 000	345 000	52 000
Total Current Assets	683 000	701 000	852 000	611 000
Total Assets	989 000	1 047 000	1 242 000	1 033 000
Total Equity	777 000	865 000	914 000	606 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	52 000	103 000	152 000
Creditors	116 000	68 000	110 000	166 000
Unpaid Taxes	42 000	−6 000	32 000	27 000
Dividends	0	0	0	0
Other Current Debt	54 000	68 000	67 000	82 000
Total Current Debt	212 000	130 000	225 000	276 000
Total Equity and Debt	989 000	1 047 000	1 242 000	1 033 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,2 %	−5,66 %	33,7 %	−0,33 %
Debt-to-Equity Ratio	0	0,06	0,11	0,25
Operating Profit Margin	−1,52 %	−0,7 %	5,93 %	0,25 %
Current Ratio	3,22	5,39	3,79	2,21
Quick Ratio	−3,45	−1,97	−3,86	−2,84
Equity Ratio	0,79	0,83	0,74	0,59
Gross Profit Margin	19,18 %	25,5 %	24,05 %	21,55 %