RING FORSIKRING AS

3513 HØNEFOSS

Finances

Share Ownership

Return on Equity

304,8 %

Current Ratio

1,12

Debt-to-Equity Ratio

1,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 921 000	5 066 000	5 706 000	4 466 000
Net Income	1 143 000	1 186 000	1 301 000	524 000
Total Assets	2 875 000	1 410 000	1 729 000	1 038 000
Total Equity	375 000	403 000	417 000	404 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 921 000	5 066 000	5 706 000	4 466 000
Expenditure	3 369 000	3 458 000	3 941 000	3 763 000
Operating Profit	1 553 000	1 609 000	1 766 000	703 000
Financial Income	0	0	0	0
Financial Costs	29 000	28 000	30 000	3 000
Financial Balance	−29 000	−28 000	−30 000	−3 000
Earnings Before Tax	1 525 000	1 582 000	1 736 000	700 000
Tax	381 000	395 000	434 000	176 000
Net Income	1 143 000	1 186 000	1 301 000	524 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	602 000	570 000	642 000	19 000
Total Current Assets	2 274 000	840 000	1 087 000	1 019 000
Total Assets	2 875 000	1 410 000	1 729 000	1 038 000
Total Retained Equity	25 000	53 000	67 000	54 000
Total Equity	375 000	403 000	417 000	404 000
Total Long-Term Debt	477 000	555 000	634 000	0
Total Current Debt	2 023 000	452 000	677 000	634 000
Total Equity and Debt	2 875 000	1 410 000	1 729 000	1 038 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	4 921 000	5 066 000	5 706 000	4 466 000
Revenue	4 921 000	5 066 000	5 706 000	4 466 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 340 000	2 550 000	3 052 000	2 880 000
Depreciation	69 000	72 000	58 000	4 000
Impairment	0	0	0	0
Expenditure	3 369 000	3 458 000	3 941 000	3 763 000
Operating Profit	1 553 000	1 609 000	1 766 000	703 000
Financial Income	0	0	0	0
Financial Costs	29 000	28 000	30 000	3 000
Financial Balance	−29 000	−28 000	−30 000	−3 000
Dividends	0	0	0	0
Net Income	1 143 000	1 186 000	1 301 000	524 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	502 000	570 000	642 000	13 000
Total Tangible Assets	502 000	570 000	642 000	13 000
Total Fiancial Fixed Assets	100 000	0	0	0
Total Fixed Assets	602 000	570 000	642 000	19 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 345 000	398 000	531 000	567 000
Total Current Assets	2 274 000	840 000	1 087 000	1 019 000
Total Assets	2 875 000	1 410 000	1 729 000	1 038 000
Total Equity	375 000	403 000	417 000	404 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	477 000	555 000	634 000	0
Creditors	63 000	32 000	11 000	19 000
Unpaid Taxes	238 000	182 000	221 000	273 000
Dividends	0	0	0	0
Other Current Debt	1 677 000	192 000	396 000	322 000
Total Current Debt	2 023 000	452 000	677 000	634 000
Total Equity and Debt	2 875 000	1 410 000	1 729 000	1 038 000

Financial indicators	2022	2021	2020	2019
Return on Equity	304,8 %	294,29 %	311,99 %	129,7 %
Debt-to-Equity Ratio	1,27	1,38	1,52	0
Operating Profit Margin	31,56 %	31,76 %	30,95 %	15,74 %
Current Ratio	1,12	1,86	1,61	1,61
Quick Ratio	1,12	1,86	1,61	1,61
Equity Ratio	0,13	0,29	0,24	0,39
Gross Profit Margin	100 %	100 %	100 %	100 %