STRAND SEA SERVICE AS

6005 ÅLESUND

Finances

Return on Equity

7,41 %

Current Ratio

2,49

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 649 000	18 954 000	17 868 000	16 441 000
Net Income	414 000	1 166 000	1 850 000	433 000
Total Assets	8 430 000	7 271 000	5 916 000	5 756 000
Total Equity	5 589 000	5 176 000	4 010 000	2 160 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 649 000	18 954 000	17 868 000	16 441 000
Expenditure	18 237 000	17 493 000	15 521 000	15 850 000
Operating Profit	412 000	1 460 000	2 347 000	592 000
Financial Income	124 000	34 000	26 000	66 000
Financial Costs	5 000	0	0	78 000
Financial Balance	119 000	34 000	26 000	−12 000
Earnings Before Tax	530 000	1 495 000	2 373 000	580 000
Tax	117 000	329 000	523 000	147 000
Net Income	414 000	1 166 000	1 850 000	433 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 565 000	1 917 000	2 255 000	2 423 000
Total Current Assets	6 865 000	5 354 000	3 661 000	3 334 000
Total Assets	8 430 000	7 271 000	5 916 000	5 756 000
Total Retained Equity	4 989 000	4 576 000	3 410 000	1 560 000
Total Equity	5 589 000	5 176 000	4 010 000	2 160 000
Total Long-Term Debt	87 000	114 000	127 000	0
Total Current Debt	2 753 000	1 981 000	1 779 000	3 596 000
Total Equity and Debt	8 430 000	7 271 000	5 916 000	5 756 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 649 000	18 954 000	17 868 000	16 441 000
Other Income	0	0	0	0
Revenue	18 649 000	18 954 000	17 868 000	16 441 000
Cost of Goods Sold	4 286 000	3 554 000	2 786 000	2 166 000
Salary Costs	8 454 000	8 199 000	7 031 000	8 240 000
Depreciation	352 000	358 000	326 000	261 000
Impairment	0	0	0	0
Expenditure	18 237 000	17 493 000	15 521 000	15 850 000
Operating Profit	412 000	1 460 000	2 347 000	592 000
Financial Income	124 000	34 000	26 000	66 000
Financial Costs	5 000	0	0	78 000
Financial Balance	119 000	34 000	26 000	−12 000
Dividends	0	0	0	0
Net Income	414 000	1 166 000	1 850 000	433 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	318 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 245 000	1 597 000	1 935 000	1 784 000
Total Tangible Assets	1 245 000	1 597 000	1 935 000	1 784 000
Total Fiancial Fixed Assets	320 000	320 000	320 000	320 000
Total Fixed Assets	1 565 000	1 917 000	2 255 000	2 423 000
Stock	992 000	1 253 000	660 000	367 000
Total Investments	0	0	0	0
Cash, Bank	4 786 000	3 988 000	2 629 000	2 602 000
Total Current Assets	6 865 000	5 354 000	3 661 000	3 334 000
Total Assets	8 430 000	7 271 000	5 916 000	5 756 000
Total Equity	5 589 000	5 176 000	4 010 000	2 160 000
Short-Term Group Debt	0	2 000	0	1 836 000
Total Long-Term Debt	87 000	114 000	127 000	0
Creditors	1 231 000	128 000	219 000	216 000
Unpaid Taxes	640 000	649 000	769 000	708 000
Dividends	0	0	0	0
Other Current Debt	739 000	860 000	713 000	836 000
Total Current Debt	2 753 000	1 981 000	1 779 000	3 596 000
Total Equity and Debt	8 430 000	7 271 000	5 916 000	5 756 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,41 %	22,53 %	46,13 %	20,05 %
Debt-to-Equity Ratio	0,02	0,02	0,03	0
Operating Profit Margin	2,21 %	7,7 %	13,14 %	3,6 %
Current Ratio	2,49	2,7	2,06	0,93
Quick Ratio	3,9	7,35	3,27	1,03
Equity Ratio	0,66	0,71	0,68	0,38
Gross Profit Margin	77,02 %	81,25 %	84,41 %	86,83 %