SAFCO NORWAY AS

1467 STRØMMEN

Finances

Share Ownership

Return on Equity

268,6 %

Current Ratio

1,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 303 000	2 224 000	2 475 000	3 284 000
Net Income	787 000	−289 000	−290 000	−254 000
Total Assets	795 000	444 000	395 000	396 000
Total Equity	293 000	−494 000	−205 000	85 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 303 000	2 224 000	2 475 000	3 284 000
Expenditure	3 515 000	2 512 000	2 752 000	3 535 000
Operating Profit	789 000	−289 000	−277 000	−251 000
Financial Income	0	0	0	0
Financial Costs	2 000	0	13 000	3 000
Financial Balance	−2 000	0	−13 000	−3 000
Earnings Before Tax	787 000	−289 000	−290 000	−254 000
Tax	0	0	0	0
Net Income	787 000	−289 000	−290 000	−254 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	164 000	205 000	257 000	336 000
Total Current Assets	630 000	238 000	138 000	60 000
Total Assets	795 000	444 000	395 000	396 000
Total Retained Equity	−187 000	−974 000	−685 000	−395 000
Total Equity	293 000	−494 000	−205 000	85 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	502 000	938 000	599 000	311 000
Total Equity and Debt	795 000	444 000	395 000	396 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 245 000	1 860 000	2 371 000	3 284 000
Other Income	59 000	364 000	104 000	0
Revenue	4 303 000	2 224 000	2 475 000	3 284 000
Cost of Goods Sold	1 456 000	790 000	955 000	1 455 000
Salary Costs	982 000	656 000	972 000	1 172 000
Depreciation	41 000	51 000	79 000	84 000
Impairment	0	0	0	0
Expenditure	3 515 000	2 512 000	2 752 000	3 535 000
Operating Profit	789 000	−289 000	−277 000	−251 000
Financial Income	0	0	0	0
Financial Costs	2 000	0	13 000	3 000
Financial Balance	−2 000	0	−13 000	−3 000
Dividends	0	0	0	0
Net Income	787 000	−289 000	−290 000	−254 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	164 000	205 000	257 000	321 000
Total Intangible Assets	164 000	205 000	257 000	321 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	15 000
Total Tangible Assets	0	0	0	15 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	164 000	205 000	257 000	336 000
Stock	48 000	15 000	18 000	14 000
Total Investments	0	0	0	0
Cash, Bank	443 000	165 000	105 000	31 000
Total Current Assets	630 000	238 000	138 000	60 000
Total Assets	795 000	444 000	395 000	396 000
Total Equity	293 000	−494 000	−205 000	85 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	196 000	595 000	380 000	99 000
Unpaid Taxes	84 000	59 000	48 000	86 000
Dividends	0	0	0	0
Other Current Debt	222 000	284 000	171 000	126 000
Total Current Debt	502 000	938 000	599 000	311 000
Total Equity and Debt	795 000	444 000	395 000	396 000

Financial indicators	2022	2021	2020	2019
Return on Equity	268,6 %	58,5 %	141,46 %	−298,82 %
Debt-to-Equity Ratio	0	−0	−0	0
Operating Profit Margin	18,34 %	−12,99 %	−11,19 %	−7,64 %
Current Ratio	1,25	0,25	0,23	0,19
Quick Ratio	1,39	0,26	0,24	0,2
Equity Ratio	0,37	−1,11	−0,52	0,21
Gross Profit Margin	66,16 %	64,48 %	61,41 %	55,69 %