SCANDINAVIAN CERTIFICATION AS

3916 PORSGRUNN

Finances

Share Ownership

Return on Equity

13,83 %

Current Ratio

1,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 242 000	5 782 000	5 824 000	3 724 000
Net Income	113 000	405 000	218 000	355 000
Total Assets	2 276 000	1 975 000	1 147 000	1 463 000
Total Equity	817 000	1 304 000	900 000	681 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 242 000	5 782 000	5 824 000	3 724 000
Expenditure	7 122 000	5 252 000	5 543 000	3 272 000
Operating Profit	120 000	530 000	281 000	452 000
Financial Income	17 000	0	0	0
Financial Costs	3 000	1 000	0	0
Financial Balance	14 000	−1 000	0	0
Earnings Before Tax	134 000	530 000	281 000	452 000
Tax	21 000	125 000	62 000	97 000
Net Income	113 000	405 000	218 000	355 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	309 000	27 000	27 000	27 000
Total Current Assets	1 967 000	1 948 000	1 120 000	1 436 000
Total Assets	2 276 000	1 975 000	1 147 000	1 463 000
Total Retained Equity	787 000	1 274 000	870 000	651 000
Total Equity	817 000	1 304 000	900 000	681 000
Total Long-Term Debt	0	0	5 000	3 000
Total Current Debt	1 459 000	671 000	243 000	779 000
Total Equity and Debt	2 276 000	1 975 000	1 147 000	1 463 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 242 000	5 782 000	5 824 000	3 724 000
Other Income	0	0	0	0
Revenue	7 242 000	5 782 000	5 824 000	3 724 000
Cost of Goods Sold	4 206 000	4 398 000	4 863 000	2 934 000
Salary Costs	1 936 000	118 000	0	0
Depreciation	10 000	0	0	0
Impairment	0	0	0	0
Expenditure	7 122 000	5 252 000	5 543 000	3 272 000
Operating Profit	120 000	530 000	281 000	452 000
Financial Income	17 000	0	0	0
Financial Costs	3 000	1 000	0	0
Financial Balance	14 000	−1 000	0	0
Dividends	600 000	0	0	300 000
Net Income	113 000	405 000	218 000	355 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	309 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	27 000	27 000	27 000
Total Tangible Assets	0	27 000	27 000	27 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	309 000	27 000	27 000	27 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	950 000	245 000	303 000	366 000
Total Current Assets	1 967 000	1 948 000	1 120 000	1 436 000
Total Assets	2 276 000	1 975 000	1 147 000	1 463 000
Total Equity	817 000	1 304 000	900 000	681 000
Short-Term Group Debt	0	0	0	125 000
Total Long-Term Debt	0	0	5 000	3 000
Creditors	326 000	286 000	182 000	96 000
Unpaid Taxes	301 000	244 000	0	149 000
Dividends	600 000	0	0	300 000
Other Current Debt	797 000	11 000	0	14 000
Total Current Debt	1 459 000	671 000	243 000	779 000
Total Equity and Debt	2 276 000	1 975 000	1 147 000	1 463 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,83 %	31,06 %	24,22 %	52,13 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	1,66 %	9,17 %	4,82 %	12,14 %
Current Ratio	1,35	2,9	4,61	1,84
Quick Ratio	1,35	2,9	4,61	1,84
Equity Ratio	0,36	0,66	0,78	0,47
Gross Profit Margin	41,92 %	23,94 %	16,5 %	21,21 %