INDRE ØSTFOLD ELEKTRO AS

1850 MYSEN

Finances

Share Ownership

Return on Equity

59,58 %

Current Ratio

1,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 332 000	23 809 000	23 936 000	18 250 000
Net Income	2 267 000	2 008 000	1 806 000	657 000
Total Assets	12 359 000	10 501 000	9 005 000	8 488 000
Total Equity	3 805 000	2 838 000	1 929 000	1 124 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 332 000	23 809 000	23 936 000	18 250 000
Expenditure	23 430 000	21 227 000	21 614 000	17 399 000
Operating Profit	2 903 000	2 582 000	2 323 000	850 000
Financial Income	8 000	2 000	6 000	9 000
Financial Costs	3 000	5 000	10 000	16 000
Financial Balance	5 000	−3 000	−4 000	−7 000
Earnings Before Tax	2 908 000	2 579 000	2 319 000	843 000
Tax	640 000	571 000	514 000	186 000
Net Income	2 267 000	2 008 000	1 806 000	657 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	27 000	63 000	15 000
Total Current Assets	12 343 000	10 475 000	8 942 000	8 473 000
Total Assets	12 359 000	10 501 000	9 005 000	8 488 000
Total Retained Equity	3 705 000	2 738 000	1 829 000	1 024 000
Total Equity	3 805 000	2 838 000	1 929 000	1 124 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	8 554 000	7 663 000	7 075 000	7 364 000
Total Equity and Debt	12 359 000	10 501 000	9 005 000	8 488 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 332 000	23 414 000	23 162 000	18 250 000
Other Income	0	395 000	775 000	0
Revenue	26 332 000	23 809 000	23 936 000	18 250 000
Cost of Goods Sold	11 032 000	9 137 000	9 865 000	6 383 000
Salary Costs	9 610 000	9 261 000	8 985 000	8 449 000
Depreciation	12 000	11 000	7 000	5 000
Impairment	0	0	0	0
Expenditure	23 430 000	21 227 000	21 614 000	17 399 000
Operating Profit	2 903 000	2 582 000	2 323 000	850 000
Financial Income	8 000	2 000	6 000	9 000
Financial Costs	3 000	5 000	10 000	16 000
Financial Balance	5 000	−3 000	−4 000	−7 000
Dividends	1 300 000	1 100 000	1 000 000	800 000
Net Income	2 267 000	2 008 000	1 806 000	657 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	14 000	40 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	12 000	23 000	11 000
Total Tangible Assets	0	12 000	23 000	11 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 000	27 000	63 000	15 000
Stock	1 163 000	1 058 000	840 000	713 000
Total Investments	0	0	0	0
Cash, Bank	538 000	1 144 000	309 000	1 108 000
Total Current Assets	12 343 000	10 475 000	8 942 000	8 473 000
Total Assets	12 359 000	10 501 000	9 005 000	8 488 000
Total Equity	3 805 000	2 838 000	1 929 000	1 124 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 250 000	1 347 000	827 000	1 554 000
Unpaid Taxes	2 262 000	1 865 000	1 834 000	1 491 000
Dividends	1 300 000	1 100 000	1 000 000	800 000
Other Current Debt	3 101 000	2 806 000	2 612 000	3 334 000
Total Current Debt	8 554 000	7 663 000	7 075 000	7 364 000
Total Equity and Debt	12 359 000	10 501 000	9 005 000	8 488 000

Financial indicators	2022	2021	2020	2019
Return on Equity	59,58 %	70,75 %	93,62 %	58,45 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,02 %	10,84 %	9,71 %	4,66 %
Current Ratio	1,44	1,37	1,26	1,15
Quick Ratio	1,67	1,59	1,43	1,27
Equity Ratio	0,31	0,27	0,21	0,13
Gross Profit Margin	58,1 %	61,62 %	58,79 %	65,02 %