ERLANDSSON TUBULAR MANAGEMENT AS

0571 OSLO

Finances

Return on Equity

27,76 %

Current Ratio

4,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 145 000	2 016 000	1 988 000	1 965 000
Net Income	564 000	814 000	520 000	230 000
Total Assets	2 620 000	1 999 000	1 223 000	680 000
Total Equity	2 032 000	1 544 000	804 000	284 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 145 000	2 016 000	1 988 000	1 965 000
Expenditure	1 289 000	1 201 000	1 320 000	1 676 000
Operating Profit	855 000	816 000	668 000	289 000
Financial Income	2 000	180 000	1 000	4 000
Financial Costs	108 000	0	0	0
Financial Balance	−106 000	180 000	1 000	4 000
Earnings Before Tax	749 000	996 000	668 000	293 000
Tax	186 000	181 000	148 000	64 000
Net Income	564 000	814 000	520 000	230 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	100 000	100 000	106 000	113 000
Total Current Assets	2 520 000	1 899 000	1 117 000	568 000
Total Assets	2 620 000	1 999 000	1 223 000	680 000
Total Retained Equity	2 002 000	1 514 000	774 000	254 000
Total Equity	2 032 000	1 544 000	804 000	284 000
Total Long-Term Debt	0	0	1 000	3 000
Total Current Debt	588 000	456 000	417 000	393 000
Total Equity and Debt	2 620 000	1 999 000	1 223 000	680 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 145 000	2 016 000	1 988 000	1 965 000
Other Income	0	0	0	0
Revenue	2 145 000	2 016 000	1 988 000	1 965 000
Cost of Goods Sold	155 000	13 000	0	0
Salary Costs	1 023 000	1 018 000	1 148 000	1 420 000
Depreciation	0	6 000	6 000	7 000
Impairment	0	0	0	0
Expenditure	1 289 000	1 201 000	1 320 000	1 676 000
Operating Profit	855 000	816 000	668 000	289 000
Financial Income	2 000	180 000	1 000	4 000
Financial Costs	108 000	0	0	0
Financial Balance	−106 000	180 000	1 000	4 000
Dividends	75 000	75 000	0	0
Net Income	564 000	814 000	520 000	230 000

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	0	0	0	0
Fixtures	0	0	6 000	13 000
Total Tangible Assets	0	0	6 000	13 000
Total Fiancial Fixed Assets	100 000	100 000	100 000	100 000
Total Fixed Assets	100 000	100 000	106 000	113 000
Stock	0	0	0	0
Total Investments	1 768 000	1 414 000	467 000	124 000
Cash, Bank	619 000	382 000	552 000	309 000
Total Current Assets	2 520 000	1 899 000	1 117 000	568 000
Total Assets	2 620 000	1 999 000	1 223 000	680 000
Total Equity	2 032 000	1 544 000	804 000	284 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	3 000
Creditors	31 000	27 000	26 000	28 000
Unpaid Taxes	198 000	126 000	136 000	164 000
Dividends	75 000	75 000	0	0
Other Current Debt	98 000	120 000	106 000	139 000
Total Current Debt	588 000	456 000	417 000	393 000
Total Equity and Debt	2 620 000	1 999 000	1 223 000	680 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,76 %	52,72 %	64,68 %	80,99 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	39,86 %	40,48 %	33,6 %	14,71 %
Current Ratio	4,29	4,16	2,68	1,45
Quick Ratio	4,29	4,16	2,68	1,45
Equity Ratio	0,78	0,77	0,66	0,42
Gross Profit Margin	92,77 %	99,36 %	100 %	100 %