RED WING NORWAY AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

74,01 %

Current Ratio

1,99

Debt-to-Equity Ratio

20,96

Key figures (NOK)	2022	2021	2020	2019
Revenue	111 709 000	92 535 000	88 134 000	93 101 000
Net Income	1 011 000	−1 519 000	353 000	−6 489 000
Total Assets	58 896 000	58 682 000	51 488 000	42 361 000
Total Equity	1 366 000	355 000	1 873 000	1 521 000

Income (NOK)	2022	2021	2020	2019
Revenue	111 709 000	92 535 000	88 134 000	93 101 000
Expenditure	107 543 000	93 455 000	87 714 000	96 065 000
Operating Profit	4 167 000	−921 000	420 000	−2 965 000
Financial Income	709 000	1 185 000	854 000	157 000
Financial Costs	3 865 000	1 783 000	921 000	3 681 000
Financial Balance	−3 156 000	−598 000	−67 000	−3 524 000
Earnings Before Tax	1 011 000	−1 519 000	353 000	−6 489 000
Tax	0	0	0	0
Net Income	1 011 000	−1 519 000	353 000	−6 489 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 340 000	1 586 000	147 000	302 000
Total Current Assets	57 557 000	57 096 000	51 340 000	42 059 000
Total Assets	58 896 000	58 682 000	51 488 000	42 361 000
Total Retained Equity	1 011 000	0	353 000	−48 643 000
Total Equity	1 366 000	355 000	1 873 000	1 521 000
Total Long-Term Debt	28 636 000	26 144 000	25 491 000	26 706 000
Total Current Debt	28 894 000	32 183 000	24 123 000	14 134 000
Total Equity and Debt	58 896 000	58 682 000	51 488 000	42 361 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	111 709 000	92 535 000	88 134 000	93 101 000
Other Income	0	0	0	0
Revenue	111 709 000	92 535 000	88 134 000	93 101 000
Cost of Goods Sold	86 535 000	75 022 000	70 209 000	79 583 000
Salary Costs	14 219 000	12 407 000	12 326 000	10 683 000
Depreciation	575 000	295 000	171 000	336 000
Impairment	0	0	0	0
Expenditure	107 543 000	93 455 000	87 714 000	96 065 000
Operating Profit	4 167 000	−921 000	420 000	−2 965 000
Financial Income	709 000	1 185 000	854 000	157 000
Financial Costs	3 865 000	1 783 000	921 000	3 681 000
Financial Balance	−3 156 000	−598 000	−67 000	−3 524 000
Dividends	0	0	0	0
Net Income	1 011 000	−1 519 000	353 000	−6 489 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	604 000	735 000	105 000	232 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	736 000	851 000	42 000	71 000
Total Tangible Assets	1 340 000	1 586 000	147 000	302 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 340 000	1 586 000	147 000	302 000
Stock	36 038 000	30 851 000	28 116 000	21 145 000
Total Investments	0	0	0	0
Cash, Bank	4 719 000	4 945 000	9 454 000	3 062 000
Total Current Assets	57 557 000	57 096 000	51 340 000	42 059 000
Total Assets	58 896 000	58 682 000	51 488 000	42 361 000
Total Equity	1 366 000	355 000	1 873 000	1 521 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	28 636 000	26 144 000	25 491 000	26 706 000
Creditors	24 337 000	28 583 000	19 375 000	10 020 000
Unpaid Taxes	1 163 000	402 000	763 000	1 528 000
Dividends	0	0	0	0
Other Current Debt	3 393 000	3 198 000	3 985 000	2 587 000
Total Current Debt	28 894 000	32 183 000	24 123 000	14 134 000
Total Equity and Debt	58 896 000	58 682 000	51 488 000	42 361 000

Financial indicators	2022	2021	2020	2019
Return on Equity	74,01 %	−427,89 %	18,85 %	−426,63 %
Debt-to-Equity Ratio	20,96	73,65	13,61	17,56
Operating Profit Margin	3,73 %	−1 %	0,48 %	−3,18 %
Current Ratio	1,99	1,77	2,13	2,98
Quick Ratio	−8,06	42,86	−12,86	−6
Equity Ratio	0,02	0,01	0,04	0,04
Gross Profit Margin	22,54 %	18,93 %	20,34 %	14,52 %