SOMFY NORWAY AS

2020 SKEDSMOKORSET

Finances

Share Ownership

Return on Equity

62,47 %

Current Ratio

1,78

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	118 443 000	116 870 000	95 240 000	73 510 000
Net Income	9 532 000	8 862 000	5 871 000	1 126 000
Total Assets	33 047 000	33 917 000	26 869 000	17 503 000
Total Equity	15 258 000	13 726 000	9 063 000	3 192 000

Income (NOK)	2022	2021	2020	2019
Revenue	118 443 000	116 870 000	95 240 000	73 510 000
Expenditure	106 028 000	105 258 000	87 513 000	72 048 000
Operating Profit	12 416 000	11 613 000	7 728 000	1 463 000
Financial Income	543 000	249 000	118 000	108 000
Financial Costs	709 000	491 000	634 000	142 000
Financial Balance	−166 000	−242 000	−516 000	−34 000
Earnings Before Tax	12 249 000	11 371 000	7 212 000	1 430 000
Tax	2 717 000	2 509 000	1 340 000	304 000
Net Income	9 532 000	8 862 000	5 871 000	1 126 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 359 000	1 598 000	725 000	618 000
Total Current Assets	31 689 000	32 319 000	26 144 000	16 885 000
Total Assets	33 047 000	33 917 000	26 869 000	17 503 000
Total Retained Equity	14 658 000	13 126 000	8 463 000	2 592 000
Total Equity	15 258 000	13 726 000	9 063 000	3 192 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	17 790 000	20 191 000	17 806 000	14 311 000
Total Equity and Debt	33 047 000	33 917 000	26 869 000	17 503 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	117 401 000	116 122 000	94 200 000	72 705 000
Other Income	1 043 000	748 000	1 040 000	805 000
Revenue	118 443 000	116 870 000	95 240 000	73 510 000
Cost of Goods Sold	72 955 000	71 818 000	58 560 000	44 227 000
Salary Costs	11 670 000	12 099 000	11 396 000	11 310 000
Depreciation	231 000	210 000	211 000	182 000
Impairment	0	0	0	0
Expenditure	106 028 000	105 258 000	87 513 000	72 048 000
Operating Profit	12 416 000	11 613 000	7 728 000	1 463 000
Financial Income	543 000	249 000	118 000	108 000
Financial Costs	709 000	491 000	634 000	142 000
Financial Balance	−166 000	−242 000	−516 000	−34 000
Dividends	0	0	0	0
Net Income	9 532 000	8 862 000	5 871 000	1 126 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	651 000	660 000	285 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	707 000	938 000	440 000	603 000
Total Tangible Assets	707 000	938 000	440 000	603 000
Total Fiancial Fixed Assets	0	0	0	15 000
Total Fixed Assets	1 359 000	1 598 000	725 000	618 000
Stock	829 000	785 000	708 000	0
Total Investments	0	0	0	0
Cash, Bank	460 000	484 000	433 000	8 547 000
Total Current Assets	31 689 000	32 319 000	26 144 000	16 885 000
Total Assets	33 047 000	33 917 000	26 869 000	17 503 000
Total Equity	15 258 000	13 726 000	9 063 000	3 192 000
Short-Term Group Debt	6 215 000	6 661 000	7 044 000	8 017 000
Total Long-Term Debt	0	0	0	0
Creditors	876 000	927 000	306 000	648 000
Unpaid Taxes	1 380 000	1 857 000	2 059 000	2 781 000
Dividends	0	0	0	0
Other Current Debt	6 611 000	7 863 000	6 771 000	2 561 000
Total Current Debt	17 790 000	20 191 000	17 806 000	14 311 000
Total Equity and Debt	33 047 000	33 917 000	26 869 000	17 503 000

Financial indicators	2022	2021	2020	2019
Return on Equity	62,47 %	64,56 %	64,78 %	35,28 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,48 %	9,94 %	8,11 %	1,99 %
Current Ratio	1,78	1,6	1,47	1,18
Quick Ratio	1,87	1,67	1,53	1,18
Equity Ratio	0,46	0,4	0,34	0,18
Gross Profit Margin	38,4 %	38,55 %	38,51 %	39,84 %