NORSK EROSJON OG FLOMSIKRING AS

3739 SKIEN

Finances

Share Ownership

Return on Equity

41,14 %

Current Ratio

2,92

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 523 000	1 369 000	133 000	159 000
Net Income	353 000	329 000	−183 000	−164 000
Total Assets	1 229 000	871 000	578 000	764 000
Total Equity	858 000	505 000	318 000	501 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 523 000	1 369 000	133 000	159 000
Expenditure	1 068 000	994 000	316 000	381 000
Operating Profit	456 000	376 000	−183 000	−222 000
Financial Income	0	0	1 000	3 000
Financial Costs	3 000	6 000	1 000	0
Financial Balance	−3 000	−6 000	0	3 000
Earnings Before Tax	453 000	370 000	−183 000	−219 000
Tax	100 000	41 000	0	−54 000
Net Income	353 000	329 000	−183 000	−164 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	152 000	156 000	151 000	182 000
Total Current Assets	1 077 000	715 000	427 000	583 000
Total Assets	1 229 000	871 000	578 000	764 000
Total Retained Equity	353 000	0	−364 000	−180 000
Total Equity	858 000	505 000	318 000	501 000
Total Long-Term Debt	2 000	101 000	225 000	225 000
Total Current Debt	369 000	266 000	35 000	38 000
Total Equity and Debt	1 229 000	871 000	578 000	764 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 523 000	1 344 000	133 000	159 000
Other Income	0	25 000	0	0
Revenue	1 523 000	1 369 000	133 000	159 000
Cost of Goods Sold	640 000	535 000	5 000	16 000
Salary Costs	0	0	0	0
Depreciation	11 000	3 000	0	0
Impairment	0	0	0	0
Expenditure	1 068 000	994 000	316 000	381 000
Operating Profit	456 000	376 000	−183 000	−222 000
Financial Income	0	0	1 000	3 000
Financial Costs	3 000	6 000	1 000	0
Financial Balance	−3 000	−6 000	0	3 000
Dividends	0	0	0	0
Net Income	353 000	329 000	−183 000	−164 000

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	62 000	0	0	0
Fixtures	0	36 000	0	0
Total Tangible Assets	62 000	36 000	0	0
Total Fiancial Fixed Assets	90 000	120 000	151 000	182 000
Total Fixed Assets	152 000	156 000	151 000	182 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	527 000	248 000	87 000	266 000
Total Current Assets	1 077 000	715 000	427 000	583 000
Total Assets	1 229 000	871 000	578 000	764 000
Total Equity	858 000	505 000	318 000	501 000
Short-Term Group Debt	182 000	182 000	0	0
Total Long-Term Debt	2 000	101 000	225 000	225 000
Creditors	63 000	47 000	33 000	36 000
Unpaid Taxes	24 000	34 000	0	0
Dividends	0	0	0	0
Other Current Debt	2 000	2 000	2 000	2 000
Total Current Debt	369 000	266 000	35 000	38 000
Total Equity and Debt	1 229 000	871 000	578 000	764 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,14 %	65,15 %	−57,55 %	−32,73 %
Debt-to-Equity Ratio	0	0,2	0,71	0,45
Operating Profit Margin	29,94 %	27,47 %	−137,59 %	−139,62 %
Current Ratio	2,92	2,69	12,2	15,34
Quick Ratio	2,92	2,69	12,2	15,34
Equity Ratio	0,7	0,58	0,55	0,66
Gross Profit Margin	57,98 %	60,92 %	96,24 %	89,94 %