ERTHO AS

2335 STANGE

Finances

Share Ownership

Return on Equity

31,35 %

Current Ratio

1,77

Debt-to-Equity Ratio

1,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 417 000	5 252 000	4 377 000	3 205 000
Net Income	786 000	906 000	656 000	724 000
Total Assets	6 578 000	6 141 000	5 494 000	5 470 000
Total Equity	2 507 000	1 720 000	814 000	658 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 417 000	5 252 000	4 377 000	3 205 000
Expenditure	7 250 000	3 946 000	3 379 000	2 124 000
Operating Profit	1 167 000	1 306 000	997 000	1 081 000
Financial Income	0	0	1 000	0
Financial Costs	159 000	144 000	157 000	154 000
Financial Balance	−159 000	−144 000	−156 000	−154 000
Earnings Before Tax	1 008 000	1 162 000	841 000	928 000
Tax	222 000	256 000	185 000	204 000
Net Income	786 000	906 000	656 000	724 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 353 000	4 404 000	4 480 000	4 414 000
Total Current Assets	2 225 000	1 737 000	1 013 000	1 057 000
Total Assets	6 578 000	6 141 000	5 494 000	5 470 000
Total Retained Equity	2 417 000	1 630 000	724 000	568 000
Total Equity	2 507 000	1 720 000	814 000	658 000
Total Long-Term Debt	2 815 000	2 993 000	3 171 000	3 351 000
Total Current Debt	1 256 000	1 427 000	1 508 000	1 461 000
Total Equity and Debt	6 578 000	6 141 000	5 494 000	5 470 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 069 000	4 868 000	3 967 000	3 013 000
Other Income	349 000	384 000	410 000	192 000
Revenue	8 417 000	5 252 000	4 377 000	3 205 000
Cost of Goods Sold	3 290 000	786 000	717 000	257 000
Salary Costs	1 335 000	1 021 000	976 000	809 000
Depreciation	95 000	100 000	68 000	47 000
Impairment	0	0	0	0
Expenditure	7 250 000	3 946 000	3 379 000	2 124 000
Operating Profit	1 167 000	1 306 000	997 000	1 081 000
Financial Income	0	0	1 000	0
Financial Costs	159 000	144 000	157 000	154 000
Financial Balance	−159 000	−144 000	−156 000	−154 000
Dividends	0	0	500 000	500 000
Net Income	786 000	906 000	656 000	724 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	26 000	11 000	2 000	0
Real Eastate	4 235 000	4 235 000	4 235 000	4 235 000
Machinery and Plant Facilities	62 000	131 000	144 000	147 000
Fixtures	30 000	26 000	18 000	31 000
Total Tangible Assets	4 327 000	4 391 000	4 397 000	4 412 000
Total Fiancial Fixed Assets	0	2 000	82 000	2 000
Total Fixed Assets	4 353 000	4 404 000	4 480 000	4 414 000
Stock	0	851 000	0	0
Total Investments	0	0	0	0
Cash, Bank	117 000	335 000	137 000	618 000
Total Current Assets	2 225 000	1 737 000	1 013 000	1 057 000
Total Assets	6 578 000	6 141 000	5 494 000	5 470 000
Total Equity	2 507 000	1 720 000	814 000	658 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 815 000	2 993 000	3 171 000	3 351 000
Creditors	533 000	263 000	216 000	200 000
Unpaid Taxes	221 000	178 000	169 000	112 000
Dividends	0	0	500 000	500 000
Other Current Debt	266 000	721 000	435 000	443 000
Total Current Debt	1 256 000	1 427 000	1 508 000	1 461 000
Total Equity and Debt	6 578 000	6 141 000	5 494 000	5 470 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,35 %	52,67 %	80,59 %	110,03 %
Debt-to-Equity Ratio	1,12	1,74	3,9	5,09
Operating Profit Margin	13,86 %	24,87 %	22,78 %	33,73 %
Current Ratio	1,77	1,22	0,67	0,72
Quick Ratio	1,77	3,02	0,67	0,72
Equity Ratio	0,38	0,28	0,15	0,12
Gross Profit Margin	60,91 %	85,03 %	83,62 %	91,98 %