CUTTERS AS

5008 BERGEN

Finances

Share Ownership

Return on Equity

−13,96 %

Current Ratio

0,51

Debt-to-Equity Ratio

2,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	293 562 000	241 252 000	217 182 000	232 096 000
Net Income	−3 607 000	1 094 000	1 723 000	5 185 000
Total Assets	155 061 000	142 856 000	124 071 000	87 734 000
Total Equity	25 845 000	29 452 000	28 358 000	26 635 000

Income (NOK)	2022	2021	2020	2019
Revenue	293 562 000	241 252 000	217 182 000	232 096 000
Expenditure	293 037 000	236 703 000	212 688 000	215 840 000
Operating Profit	525 000	4 548 000	4 494 000	16 255 000
Financial Income	212 000	43 000	81 000	359 000
Financial Costs	5 407 000	3 688 000	2 453 000	8 189 000
Financial Balance	−5 195 000	−3 645 000	−2 372 000	−7 830 000
Earnings Before Tax	−4 670 000	902 000	2 123 000	8 426 000
Tax	−1 063 000	−192 000	400 000	3 241 000
Net Income	−3 607 000	1 094 000	1 723 000	5 185 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	115 799 000	107 741 000	86 262 000	59 291 000
Total Current Assets	39 262 000	35 115 000	37 809 000	28 443 000
Total Assets	155 061 000	142 856 000	124 071 000	87 734 000
Total Retained Equity	11 901 000	15 508 000	14 414 000	12 691 000
Total Equity	25 845 000	29 452 000	28 358 000	26 635 000
Total Long-Term Debt	52 295 000	17 662 000	18 253 000	5 028 000
Total Current Debt	76 921 000	95 742 000	77 459 000	56 071 000
Total Equity and Debt	155 061 000	142 856 000	124 071 000	87 734 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	293 326 000	239 256 000	211 461 000	232 096 000
Other Income	235 000	1 996 000	5 721 000	0
Revenue	293 562 000	241 252 000	217 182 000	232 096 000
Cost of Goods Sold	1 546 000	1 781 000	853 000	985 000
Salary Costs	187 982 000	147 825 000	134 937 000	147 257 000
Depreciation	19 186 000	17 401 000	13 482 000	8 785 000
Impairment	0	0	0	0
Expenditure	293 037 000	236 703 000	212 688 000	215 840 000
Operating Profit	525 000	4 548 000	4 494 000	16 255 000
Financial Income	212 000	43 000	81 000	359 000
Financial Costs	5 407 000	3 688 000	2 453 000	8 189 000
Financial Balance	−5 195 000	−3 645 000	−2 372 000	−7 830 000
Dividends	0	0	0	0
Net Income	−3 607 000	1 094 000	1 723 000	5 185 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 915 000	19 563 000	15 450 000	11 307 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	23 661 000	24 335 000	30 034 000	29 273 000
Total Tangible Assets	23 661 000	24 335 000	30 034 000	29 273 000
Total Fiancial Fixed Assets	69 223 000	63 843 000	40 777 000	18 711 000
Total Fixed Assets	115 799 000	107 741 000	86 262 000	59 291 000
Stock	1 952 000	1 307 000	1 594 000	170 000
Total Investments	0	0	0	0
Cash, Bank	31 434 000	27 085 000	29 545 000	24 637 000
Total Current Assets	39 262 000	35 115 000	37 809 000	28 443 000
Total Assets	155 061 000	142 856 000	124 071 000	87 734 000
Total Equity	25 845 000	29 452 000	28 358 000	26 635 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	52 295 000	17 662 000	18 253 000	5 028 000
Creditors	12 377 000	10 608 000	7 213 000	5 618 000
Unpaid Taxes	21 362 000	47 699 000	38 445 000	17 759 000
Dividends	0	0	0	0
Other Current Debt	43 182 000	37 435 000	31 801 000	31 334 000
Total Current Debt	76 921 000	95 742 000	77 459 000	56 071 000
Total Equity and Debt	155 061 000	142 856 000	124 071 000	87 734 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,96 %	3,71 %	6,08 %	19,47 %
Debt-to-Equity Ratio	2,02	0,6	0,64	0,19
Operating Profit Margin	0,18 %	1,89 %	2,07 %	7 %
Current Ratio	0,51	0,37	0,49	0,51
Quick Ratio	0,52	0,37	0,5	0,51
Equity Ratio	0,17	0,21	0,23	0,3
Gross Profit Margin	99,47 %	99,26 %	99,61 %	99,58 %