CUTBEND AS

4312 SANDNES

Finances

Share Ownership

Return on Equity

59,56 %

Current Ratio

2,16

Debt-to-Equity Ratio

0,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 807 000	13 997 000	10 649 000	4 708 000
Net Income	3 531 000	321 000	79 000	503 000
Total Assets	12 542 000	9 580 000	9 514 000	7 382 000
Total Equity	5 928 000	3 897 000	3 576 000	1 998 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 807 000	13 997 000	10 649 000	4 708 000
Expenditure	14 147 000	13 439 000	10 394 000	3 958 000
Operating Profit	4 660 000	559 000	255 000	750 000
Financial Income	7 000	7 000	5 000	1 000
Financial Costs	138 000	151 000	157 000	106 000
Financial Balance	−131 000	−144 000	−152 000	−105 000
Earnings Before Tax	4 529 000	416 000	103 000	645 000
Tax	998 000	94 000	23 000	142 000
Net Income	3 531 000	321 000	79 000	503 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 250 000	2 771 000	3 253 000	2 304 000
Total Current Assets	10 293 000	6 809 000	6 262 000	5 078 000
Total Assets	12 542 000	9 580 000	9 514 000	7 382 000
Total Retained Equity	2 934 000	903 000	581 000	503 000
Total Equity	5 928 000	3 897 000	3 576 000	1 998 000
Total Long-Term Debt	1 857 000	3 880 000	4 115 000	4 070 000
Total Current Debt	4 757 000	1 803 000	1 824 000	1 314 000
Total Equity and Debt	12 542 000	9 580 000	9 514 000	7 382 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 807 000	13 997 000	10 649 000	4 708 000
Other Income	0	0	0	0
Revenue	18 807 000	13 997 000	10 649 000	4 708 000
Cost of Goods Sold	4 924 000	4 907 000	3 221 000	1 223 000
Salary Costs	3 262 000	3 096 000	1 960 000	1 040 000
Depreciation	319 000	259 000	180 000	36 000
Impairment	0	0	0	0
Expenditure	14 147 000	13 439 000	10 394 000	3 958 000
Operating Profit	4 660 000	559 000	255 000	750 000
Financial Income	7 000	7 000	5 000	1 000
Financial Costs	138 000	151 000	157 000	106 000
Financial Balance	−131 000	−144 000	−152 000	−105 000
Dividends	1 500 000	0	0	0
Net Income	3 531 000	321 000	79 000	503 000

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	1 540 000	0
Fixtures	1 550 000	1 671 000	213 000	404 000
Total Tangible Assets	1 550 000	1 671 000	1 753 000	404 000
Total Fiancial Fixed Assets	700 000	1 100 000	1 500 000	1 900 000
Total Fixed Assets	2 250 000	2 771 000	3 253 000	2 304 000
Stock	4 501 000	3 103 000	1 941 000	1 931 000
Total Investments	0	0	0	0
Cash, Bank	3 140 000	2 473 000	2 225 000	1 878 000
Total Current Assets	10 293 000	6 809 000	6 262 000	5 078 000
Total Assets	12 542 000	9 580 000	9 514 000	7 382 000
Total Equity	5 928 000	3 897 000	3 576 000	1 998 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 857 000	3 880 000	4 115 000	4 070 000
Creditors	1 318 000	944 000	587 000	992 000
Unpaid Taxes	522 000	275 000	735 000	133 000
Dividends	1 500 000	0	0	0
Other Current Debt	417 000	514 000	502 000	59 000
Total Current Debt	4 757 000	1 803 000	1 824 000	1 314 000
Total Equity and Debt	12 542 000	9 580 000	9 514 000	7 382 000

Financial indicators	2022	2021	2020	2019
Return on Equity	59,56 %	8,24 %	2,21 %	25,18 %
Debt-to-Equity Ratio	0,31	1	1,15	2,04
Operating Profit Margin	24,78 %	3,99 %	2,39 %	15,93 %
Current Ratio	2,16	3,78	3,43	3,86
Quick Ratio	40,21	−5,24	−53,52	−8,23
Equity Ratio	0,47	0,41	0,38	0,27
Gross Profit Margin	73,82 %	64,94 %	69,75 %	74,02 %