ERTSAAS & WEIE AS

7600 LEVANGER

Finances

Share Ownership

Return on Equity

−3,32 %

Current Ratio

1,64

Debt-to-Equity Ratio

−1,05

Key figures (NOK)	2020	2019	2018	2017
Revenue	716 000	619 000	723 000	685 000
Net Income	93 000	236 000	157 000	94 000
Total Assets	351 000	401 000	421 000	308 000
Total Equity	−2 798 000	−2 891 000	−3 127 000	−3 284 000

Income (NOK)	2020	2019	2018	2017
Revenue	716 000	619 000	723 000	685 000
Expenditure	599 000	342 000	516 000	549 000
Operating Profit	118 000	277 000	207 000	137 000
Financial Income	0	0	0	0
Financial Costs	25 000	42 000	50 000	43 000
Financial Balance	−25 000	−42 000	−50 000	−43 000
Earnings Before Tax	93 000	236 000	157 000	94 000
Tax	0	0	0	0
Net Income	93 000	236 000	157 000	94 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	1 000	1 000	1 000	3 000
Total Current Assets	350 000	400 000	420 000	305 000
Total Assets	351 000	401 000	421 000	308 000
Total Retained Equity	−2 898 000	−2 991 000	−3 227 000	−3 384 000
Total Equity	−2 798 000	−2 891 000	−3 127 000	−3 284 000
Total Long-Term Debt	2 936 000	3 058 000	3 146 000	3 282 000
Total Current Debt	213 000	234 000	401 000	310 000
Total Equity and Debt	351 000	401 000	421 000	308 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	716 000	619 000	723 000	685 000
Other Income	0	0	0	0
Revenue	716 000	619 000	723 000	685 000
Cost of Goods Sold	268 000	167 000	190 000	182 000
Salary Costs	5 000	1 000	2 000	1 000
Depreciation	0	0	2 000	5 000
Impairment	0	0	0	0
Expenditure	599 000	342 000	516 000	549 000
Operating Profit	118 000	277 000	207 000	137 000
Financial Income	0	0	0	0
Financial Costs	25 000	42 000	50 000	43 000
Financial Balance	−25 000	−42 000	−50 000	−43 000
Dividends	0	0	0	0
Net Income	93 000	236 000	157 000	94 000

Balance details (NOK)	2020	2019	2018	2017
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	2 000
Total Tangible Assets	0	0	0	2 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	1 000	1 000	1 000	3 000
Stock	216 000	216 000	246 000	271 000
Total Investments	0	0	0	0
Cash, Bank	16 000	17 000	14 000	23 000
Total Current Assets	350 000	400 000	420 000	305 000
Total Assets	351 000	401 000	421 000	308 000
Total Equity	−2 798 000	−2 891 000	−3 127 000	−3 284 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 936 000	3 058 000	3 146 000	3 282 000
Creditors	51 000	124 000	110 000	84 000
Unpaid Taxes	113 000	61 000	242 000	176 000
Dividends	0	0	0	0
Other Current Debt	49 000	49 000	12 000	12 000
Total Current Debt	213 000	234 000	401 000	310 000
Total Equity and Debt	351 000	401 000	421 000	308 000

Financial indicators	2020	2019	2018	2017
Return on Equity	−3,32 %	−8,16 %	−5,02 %	−2,86 %
Debt-to-Equity Ratio	−1,05	−1,06	−1,01	−1
Operating Profit Margin	16,48 %	44,75 %	28,63 %	20 %
Current Ratio	1,64	1,71	1,05	0,98
Quick Ratio	−116,67	22,22	2,71	7,82
Equity Ratio	−7,97	−7,21	−7,43	−10,66
Gross Profit Margin	62,57 %	73,02 %	73,72 %	73,43 %