SERO AS

1396 BILLINGSTAD

Finances

Share Ownership

Return on Equity

17,67 %

Current Ratio

4,53

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	146 419 000	133 919 000	131 475 000	126 941 000
Net Income	20 441 000	20 470 000	21 392 000	20 544 000
Total Assets	154 848 000	144 673 000	133 215 000	121 363 000
Total Equity	115 702 000	105 261 000	94 791 000	83 399 000

Income (NOK)	2022	2021	2020	2019
Revenue	146 419 000	133 919 000	131 475 000	126 941 000
Expenditure	119 367 000	104 956 000	98 860 000	97 841 000
Operating Profit	24 975 000	25 424 000	29 634 000	25 970 000
Financial Income	1 420 000	912 000	295 000	403 000
Financial Costs	265 000	187 000	2 676 000	180 000
Financial Balance	1 155 000	725 000	−2 381 000	223 000
Earnings Before Tax	26 130 000	26 149 000	27 252 000	26 193 000
Tax	5 689 000	5 680 000	5 860 000	5 649 000
Net Income	20 441 000	20 470 000	21 392 000	20 544 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 406 000	4 508 000	4 328 000	4 564 000
Total Current Assets	148 442 000	140 165 000	128 887 000	116 799 000
Total Assets	154 848 000	144 673 000	133 215 000	121 363 000
Total Retained Equity	105 702 000	95 261 000	84 791 000	0
Total Equity	115 702 000	105 261 000	94 791 000	83 399 000
Total Long-Term Debt	6 389 000	6 982 000	7 217 000	7 548 000
Total Current Debt	32 758 000	32 429 000	31 207 000	30 416 000
Total Equity and Debt	154 848 000	144 673 000	133 215 000	121 363 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	146 419 000	133 919 000	131 475 000	126 941 000
Other Income	0	0	0	0
Revenue	146 419 000	133 919 000	131 475 000	126 941 000
Cost of Goods Sold	37 165 000	32 096 000	31 691 000	30 481 000
Salary Costs	57 268 000	54 019 000	48 788 000	47 104 000
Depreciation	1 744 000	1 515 000	2 066 000	3 003 000
Impairment	0	0	0	0
Expenditure	119 367 000	104 956 000	98 860 000	97 841 000
Operating Profit	24 975 000	25 424 000	29 634 000	25 970 000
Financial Income	1 420 000	912 000	295 000	403 000
Financial Costs	265 000	187 000	2 676 000	180 000
Financial Balance	1 155 000	725 000	−2 381 000	223 000
Dividends	10 000 000	10 000 000	10 000 000	10 000 000
Net Income	20 441 000	20 470 000	21 392 000	20 544 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	477 000	300 000	300 000	300 000
Real Eastate	807 000	128 000	220 000	487 000
Machinery and Plant Facilities	0	0	3 190 000	3 158 000
Fixtures	4 494 000	3 421 000	0	0
Total Tangible Assets	5 301 000	3 589 000	3 409 000	3 645 000
Total Fiancial Fixed Assets	628 000	619 000	619 000	619 000
Total Fixed Assets	6 406 000	4 508 000	4 328 000	4 564 000
Stock	84 900 000	70 841 000	62 869 000	55 434 000
Total Investments	0	0	0	0
Cash, Bank	35 375 000	52 261 000	57 574 000	50 200 000
Total Current Assets	148 442 000	140 165 000	128 887 000	116 799 000
Total Assets	154 848 000	144 673 000	133 215 000	121 363 000
Total Equity	115 702 000	105 261 000	94 791 000	83 399 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 389 000	6 982 000	7 217 000	7 548 000
Creditors	8 184 000	8 766 000	5 514 000	6 000 000
Unpaid Taxes	4 357 000	4 233 000	4 383 000	3 702 000
Dividends	10 000 000	10 000 000	10 000 000	10 000 000
Other Current Debt	5 187 000	4 566 000	6 369 000	5 303 000
Total Current Debt	32 758 000	32 429 000	31 207 000	30 416 000
Total Equity and Debt	154 848 000	144 673 000	133 215 000	121 363 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,67 %	19,45 %	22,57 %	24,63 %
Debt-to-Equity Ratio	0,06	0,07	0,08	0,09
Operating Profit Margin	17,06 %	18,98 %	22,54 %	20,46 %
Current Ratio	4,53	4,32	4,13	3,84
Quick Ratio	−2,85	−3,65	−4,07	−4,67
Equity Ratio	0,75	0,73	0,71	0,69
Gross Profit Margin	74,62 %	76,03 %	75,9 %	75,99 %