ER NORWAY AS

1337 SANDVIKA

Finances

Share Ownership

Return on Equity

74,33 %

Current Ratio

1,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	75 141 000	56 155 000	71 131 000	66 704 000
Net Income	2 814 000	−1 785 000	2 149 000	113 000
Total Assets	20 917 000	18 307 000	20 986 000	17 420 000
Total Equity	3 786 000	973 000	2 758 000	609 000

Income (NOK)	2022	2021	2020	2019
Revenue	75 141 000	56 155 000	71 131 000	66 704 000
Expenditure	71 679 000	58 381 000	68 311 000	66 446 000
Operating Profit	3 461 000	−2 227 000	2 820 000	257 000
Financial Income	173 000	12 000	30 000	66 000
Financial Costs	18 000	68 000	75 000	104 000
Financial Balance	155 000	−56 000	−45 000	−38 000
Earnings Before Tax	3 617 000	−2 283 000	2 775 000	220 000
Tax	803 000	−497 000	626 000	107 000
Net Income	2 814 000	−1 785 000	2 149 000	113 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 441 000	1 642 000	1 797 000	2 575 000
Total Current Assets	19 477 000	16 666 000	19 190 000	14 846 000
Total Assets	20 917 000	18 307 000	20 986 000	17 420 000
Total Retained Equity	3 670 000	856 000	2 642 000	493 000
Total Equity	3 786 000	973 000	2 758 000	609 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	17 131 000	17 335 000	18 228 000	16 811 000
Total Equity and Debt	20 917 000	18 307 000	20 986 000	17 420 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	75 009 000	55 750 000	70 714 000	66 106 000
Other Income	131 000	405 000	417 000	598 000
Revenue	75 141 000	56 155 000	71 131 000	66 704 000
Cost of Goods Sold	8 682 000	6 861 000	9 176 000	9 254 000
Salary Costs	35 935 000	29 107 000	36 409 000	32 619 000
Depreciation	339 000	554 000	748 000	904 000
Impairment	0	0	0	0
Expenditure	71 679 000	58 381 000	68 311 000	66 446 000
Operating Profit	3 461 000	−2 227 000	2 820 000	257 000
Financial Income	173 000	12 000	30 000	66 000
Financial Costs	18 000	68 000	75 000	104 000
Financial Balance	155 000	−56 000	−45 000	−38 000
Dividends	0	0	0	0
Net Income	2 814 000	−1 785 000	2 149 000	113 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	69 000	733 000	236 000	103 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 372 000	908 000	1 561 000	2 392 000
Total Tangible Assets	1 372 000	908 000	1 561 000	2 392 000
Total Fiancial Fixed Assets	0	0	0	80 000
Total Fixed Assets	1 441 000	1 642 000	1 797 000	2 575 000
Stock	146 000	95 000	133 000	14 000
Total Investments	0	0	0	0
Cash, Bank	12 984 000	11 182 000	15 498 000	10 321 000
Total Current Assets	19 477 000	16 666 000	19 190 000	14 846 000
Total Assets	20 917 000	18 307 000	20 986 000	17 420 000
Total Equity	3 786 000	973 000	2 758 000	609 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 422 000	4 459 000	3 783 000	4 525 000
Unpaid Taxes	5 928 000	5 940 000	5 949 000	6 021 000
Dividends	0	0	0	0
Other Current Debt	9 638 000	6 935 000	7 736 000	6 127 000
Total Current Debt	17 131 000	17 335 000	18 228 000	16 811 000
Total Equity and Debt	20 917 000	18 307 000	20 986 000	17 420 000

Financial indicators	2022	2021	2020	2019
Return on Equity	74,33 %	−183,45 %	77,92 %	18,56 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,61 %	−3,97 %	3,96 %	0,39 %
Current Ratio	1,14	0,96	1,05	0,88
Quick Ratio	1,15	0,97	1,06	0,88
Equity Ratio	0,18	0,05	0,13	0,03
Gross Profit Margin	88,45 %	87,78 %	87,1 %	86,13 %