STEEL-X AS

6006 ÅLESUND

Finances

Share Ownership

Return on Equity

14,94 %

Current Ratio

1,84

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	73 823 000	133 054 000	25 918 000	80 280 000
Net Income	1 835 000	9 137 000	−284 000	7 519 000
Total Assets	30 801 000	63 809 000	34 953 000	16 420 000
Total Equity	12 282 000	10 447 000	6 310 000	6 594 000

Income (NOK)	2022	2021	2020	2019
Revenue	73 823 000	133 054 000	25 918 000	80 280 000
Expenditure	71 392 000	120 706 000	26 559 000	70 486 000
Operating Profit	2 431 000	12 346 000	−641 000	9 794 000
Financial Income	320 000	154 000	137 000	269 000
Financial Costs	379 000	558 000	76 000	412 000
Financial Balance	−59 000	−404 000	61 000	−143 000
Earnings Before Tax	2 372 000	11 942 000	−580 000	9 651 000
Tax	537 000	2 805 000	−296 000	2 132 000
Net Income	1 835 000	9 137 000	−284 000	7 519 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 890 000	2 912 000	2 772 000	1 624 000
Total Current Assets	27 912 000	60 897 000	32 180 000	14 796 000
Total Assets	30 801 000	63 809 000	34 953 000	16 420 000
Total Retained Equity	11 232 000	9 397 000	5 260 000	5 544 000
Total Equity	12 282 000	10 447 000	6 310 000	6 594 000
Total Long-Term Debt	3 314 000	3 706 000	1 088 000	1 055 000
Total Current Debt	15 204 000	49 655 000	27 554 000	8 771 000
Total Equity and Debt	30 801 000	63 809 000	34 953 000	16 420 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	73 823 000	133 054 000	25 934 000	79 576 000
Other Income	0	0	−16 000	704 000
Revenue	73 823 000	133 054 000	25 918 000	80 280 000
Cost of Goods Sold	47 349 000	100 721 000	15 631 000	59 300 000
Salary Costs	16 512 000	13 862 000	7 306 000	7 713 000
Depreciation	391 000	350 000	247 000	209 000
Impairment	0	0	0	0
Expenditure	71 392 000	120 706 000	26 559 000	70 486 000
Operating Profit	2 431 000	12 346 000	−641 000	9 794 000
Financial Income	320 000	154 000	137 000	269 000
Financial Costs	379 000	558 000	76 000	412 000
Financial Balance	−59 000	−404 000	61 000	−143 000
Dividends	0	0	0	4 500 000
Net Income	1 835 000	9 137 000	−284 000	7 519 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	783 000	803 000	818 000	866 000
Machinery and Plant Facilities	1 152 000	1 228 000	1 305 000	57 000
Fixtures	880 000	806 000	575 000	627 000
Total Tangible Assets	2 815 000	2 837 000	2 697 000	1 549 000
Total Fiancial Fixed Assets	75 000	75 000	75 000	75 000
Total Fixed Assets	2 890 000	2 912 000	2 772 000	1 624 000
Stock	2 838 000	1 735 000	2 308 000	1 699 000
Total Investments	0	0	0	0
Cash, Bank	11 278 000	20 888 000	16 490 000	10 416 000
Total Current Assets	27 912 000	60 897 000	32 180 000	14 796 000
Total Assets	30 801 000	63 809 000	34 953 000	16 420 000
Total Equity	12 282 000	10 447 000	6 310 000	6 594 000
Short-Term Group Debt	30 000	30 000	30 000	43 000
Total Long-Term Debt	3 314 000	3 706 000	1 088 000	1 055 000
Creditors	1 853 000	18 178 000	810 000	1 966 000
Unpaid Taxes	2 516 000	1 056 000	575 000	615 000
Dividends	0	0	0	4 500 000
Other Current Debt	10 064 000	30 391 000	26 139 000	724 000
Total Current Debt	15 204 000	49 655 000	27 554 000	8 771 000
Total Equity and Debt	30 801 000	63 809 000	34 953 000	16 420 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,94 %	87,46 %	−4,5 %	114,03 %
Debt-to-Equity Ratio	0,27	0,35	0,17	0,16
Operating Profit Margin	3,29 %	9,28 %	−2,47 %	12,2 %
Current Ratio	1,84	1,23	1,17	1,69
Quick Ratio	2,26	1,27	1,27	2,09
Equity Ratio	0,4	0,16	0,18	0,4
Gross Profit Margin	35,86 %	24,3 %	39,69 %	26,13 %