AS NORFO

2020 SKEDSMOKORSET

Finances

Return on Equity

83,76 %

Current Ratio

1,4

Debt-to-Equity Ratio

0,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	111 027 000	95 024 000	89 894 000	77 346 000
Net Income	11 796 000	8 304 000	6 136 000	4 447 000
Total Assets	64 005 000	52 094 000	47 816 000	47 450 000
Total Equity	14 083 000	12 287 000	11 283 000	13 738 000

Income (NOK)	2022	2021	2020	2019
Revenue	111 027 000	95 024 000	89 894 000	77 346 000
Expenditure	95 541 000	84 016 000	81 667 000	71 082 000
Operating Profit	15 486 000	11 008 000	8 226 000	6 263 000
Financial Income	37 000	4 000	27 000	16 000
Financial Costs	419 000	394 000	471 000	564 000
Financial Balance	−382 000	−390 000	−444 000	−548 000
Earnings Before Tax	15 105 000	10 618 000	7 782 000	5 716 000
Tax	3 309 000	2 314 000	1 647 000	1 268 000
Net Income	11 796 000	8 304 000	6 136 000	4 447 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 806 000	8 523 000	8 728 000	12 136 000
Total Current Assets	55 199 000	43 571 000	39 089 000	35 315 000
Total Assets	64 005 000	52 094 000	47 816 000	47 450 000
Total Retained Equity	14 018 000	12 222 000	11 218 000	13 635 000
Total Equity	14 083 000	12 287 000	11 283 000	13 738 000
Total Long-Term Debt	10 601 000	11 866 000	14 019 000	16 125 000
Total Current Debt	39 321 000	27 941 000	22 515 000	17 587 000
Total Equity and Debt	64 005 000	52 094 000	47 816 000	47 450 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	110 180 000	94 887 000	89 857 000	76 055 000
Other Income	847 000	137 000	37 000	1 291 000
Revenue	111 027 000	95 024 000	89 894 000	77 346 000
Cost of Goods Sold	48 329 000	42 617 000	44 401 000	34 470 000
Salary Costs	30 914 000	26 377 000	23 815 000	22 398 000
Depreciation	1 309 000	1 070 000	1 010 000	1 155 000
Impairment	0	0	0	0
Expenditure	95 541 000	84 016 000	81 667 000	71 082 000
Operating Profit	15 486 000	11 008 000	8 226 000	6 263 000
Financial Income	37 000	4 000	27 000	16 000
Financial Costs	419 000	394 000	471 000	564 000
Financial Balance	−382 000	−390 000	−444 000	−548 000
Dividends	10 000 000	7 300 000	0	1 400 000
Net Income	11 796 000	8 304 000	6 136 000	4 447 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	348 000	679 000	650 000	781 000
Real Eastate	877 000	969 000	1 062 000	3 950 000
Machinery and Plant Facilities	3 854 000	4 022 000	4 313 000	4 512 000
Fixtures	3 728 000	2 843 000	2 694 000	2 882 000
Total Tangible Assets	8 458 000	7 834 000	8 068 000	11 345 000
Total Fiancial Fixed Assets	0	10 000	10 000	10 000
Total Fixed Assets	8 806 000	8 523 000	8 728 000	12 136 000
Stock	11 145 000	11 451 000	8 883 000	10 130 000
Total Investments	0	0	0	0
Cash, Bank	18 842 000	14 112 000	14 100 000	9 351 000
Total Current Assets	55 199 000	43 571 000	39 089 000	35 315 000
Total Assets	64 005 000	52 094 000	47 816 000	47 450 000
Total Equity	14 083 000	12 287 000	11 283 000	13 738 000
Short-Term Group Debt	1 262 000	0	1 262 000	0
Total Long-Term Debt	10 601 000	11 866 000	14 019 000	16 125 000
Creditors	6 748 000	5 918 000	5 577 000	4 651 000
Unpaid Taxes	8 605 000	5 602 000	5 303 000	5 137 000
Dividends	10 000 000	7 300 000	0	1 400 000
Other Current Debt	9 812 000	6 952 000	3 209 000	5 331 000
Total Current Debt	39 321 000	27 941 000	22 515 000	17 587 000
Total Equity and Debt	64 005 000	52 094 000	47 816 000	47 450 000

Financial indicators	2022	2021	2020	2019
Return on Equity	83,76 %	67,58 %	54,38 %	32,37 %
Debt-to-Equity Ratio	0,75	0,97	1,24	1,17
Operating Profit Margin	13,95 %	11,58 %	9,15 %	8,1 %
Current Ratio	1,4	1,56	1,74	2,01
Quick Ratio	1,96	2,64	2,87	4,74
Equity Ratio	0,22	0,24	0,24	0,29
Gross Profit Margin	56,47 %	55,15 %	50,61 %	55,43 %