ING. O.A. STORESUND AS

5054 BERGEN

Finances

Share Ownership

Return on Equity

22,98 %

Current Ratio

7,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 320 000	1 540 000	1 021 000	1 457 000
Net Income	533 000	599 000	420 000	644 000
Total Assets	2 666 000	2 318 000	1 539 000	1 206 000
Total Equity	2 319 000	1 815 000	1 243 000	823 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 320 000	1 540 000	1 021 000	1 457 000
Expenditure	641 000	777 000	488 000	635 000
Operating Profit	679 000	762 000	533 000	821 000
Financial Income	6 000	6 000	6 000	5 000
Financial Costs	0	0	1 000	0
Financial Balance	6 000	6 000	5 000	5 000
Earnings Before Tax	685 000	769 000	538 000	826 000
Tax	151 000	169 000	118 000	182 000
Net Income	533 000	599 000	420 000	644 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	25 000	34 000	44 000
Total Current Assets	2 650 000	2 293 000	1 505 000	1 162 000
Total Assets	2 666 000	2 318 000	1 539 000	1 206 000
Total Retained Equity	2 294 000	1 791 000	1 219 000	799 000
Total Equity	2 319 000	1 815 000	1 243 000	823 000
Total Long-Term Debt	0	0	1 000	1 000
Total Current Debt	347 000	502 000	295 000	381 000
Total Equity and Debt	2 666 000	2 318 000	1 539 000	1 206 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 320 000	1 540 000	1 021 000	1 457 000
Other Income	0	0	0	0
Revenue	1 320 000	1 540 000	1 021 000	1 457 000
Cost of Goods Sold	0	7 000	8 000	0
Salary Costs	551 000	541 000	365 000	469 000
Depreciation	9 000	9 000	9 000	3 000
Impairment	0	0	0	0
Expenditure	641 000	777 000	488 000	635 000
Operating Profit	679 000	762 000	533 000	821 000
Financial Income	6 000	6 000	6 000	5 000
Financial Costs	0	0	1 000	0
Financial Balance	6 000	6 000	5 000	5 000
Dividends	0	0	0	0
Net Income	533 000	599 000	420 000	644 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	16 000	25 000	34 000	44 000
Fixtures	0	0	0	0
Total Tangible Assets	16 000	25 000	34 000	44 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 000	25 000	34 000	44 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	308 000	554 000	193 000	220 000
Total Current Assets	2 650 000	2 293 000	1 505 000	1 162 000
Total Assets	2 666 000	2 318 000	1 539 000	1 206 000
Total Equity	2 319 000	1 815 000	1 243 000	823 000
Short-Term Group Debt	39 000	35 000	0	0
Total Long-Term Debt	0	0	1 000	1 000
Creditors	−1 000	1 000	1 000	3 000
Unpaid Taxes	47 000	104 000	122 000	107 000
Dividends	0	0	0	0
Other Current Debt	120 000	201 000	54 000	91 000
Total Current Debt	347 000	502 000	295 000	381 000
Total Equity and Debt	2 666 000	2 318 000	1 539 000	1 206 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,98 %	33 %	33,79 %	78,25 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	51,44 %	49,48 %	52,2 %	56,35 %
Current Ratio	7,64	4,57	5,1	3,05
Quick Ratio	7,64	4,57	5,1	3,05
Equity Ratio	0,87	0,78	0,81	0,68
Gross Profit Margin	100 %	99,55 %	99,22 %	100 %