KORSETTEN AS

1850 MYSEN

Finances

Share Ownership

Return on Equity

36,88 %

Current Ratio

2,5

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 818 000	3 518 000	2 857 000	981 000
Net Income	385 000	434 000	206 000	−6 000
Total Assets	2 108 000	1 786 000	1 340 000	947 000
Total Equity	1 044 000	659 000	224 000	19 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 818 000	3 518 000	2 857 000	981 000
Expenditure	3 310 000	2 945 000	2 571 000	967 000
Operating Profit	507 000	573 000	287 000	14 000
Financial Income	3 000	1 000	2 000	0
Financial Costs	16 000	18 000	31 000	18 000
Financial Balance	−13 000	−17 000	−29 000	−18 000
Earnings Before Tax	494 000	557 000	258 000	−3 000
Tax	109 000	123 000	53 000	2 000
Net Income	385 000	434 000	206 000	−6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 000	7 000	5 000	2 000
Total Current Assets	2 079 000	1 778 000	1 335 000	945 000
Total Assets	2 108 000	1 786 000	1 340 000	947 000
Total Retained Equity	1 019 000	634 000	200 000	−6 000
Total Equity	1 044 000	659 000	224 000	19 000
Total Long-Term Debt	235 000	377 000	531 000	582 000
Total Current Debt	830 000	750 000	585 000	346 000
Total Equity and Debt	2 108 000	1 786 000	1 340 000	947 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 818 000	3 500 000	2 857 000	975 000
Other Income	0	19 000	0	5 000
Revenue	3 818 000	3 518 000	2 857 000	981 000
Cost of Goods Sold	1 788 000	1 608 000	1 350 000	420 000
Salary Costs	1 093 000	912 000	849 000	344 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 310 000	2 945 000	2 571 000	967 000
Operating Profit	507 000	573 000	287 000	14 000
Financial Income	3 000	1 000	2 000	0
Financial Costs	16 000	18 000	31 000	18 000
Financial Balance	−13 000	−17 000	−29 000	−18 000
Dividends	0	0	0	0
Net Income	385 000	434 000	206 000	−6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	5 000	3 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	24 000	0	0	0
Total Tangible Assets	24 000	0	0	0
Total Fiancial Fixed Assets	2 000	2 000	2 000	2 000
Total Fixed Assets	29 000	7 000	5 000	2 000
Stock	1 059 000	854 000	801 000	610 000
Total Investments	0	0	0	0
Cash, Bank	984 000	875 000	496 000	277 000
Total Current Assets	2 079 000	1 778 000	1 335 000	945 000
Total Assets	2 108 000	1 786 000	1 340 000	947 000
Total Equity	1 044 000	659 000	224 000	19 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	235 000	377 000	531 000	582 000
Creditors	133 000	110 000	95 000	93 000
Unpaid Taxes	163 000	179 000	146 000	83 000
Dividends	0	0	0	0
Other Current Debt	427 000	337 000	288 000	168 000
Total Current Debt	830 000	750 000	585 000	346 000
Total Equity and Debt	2 108 000	1 786 000	1 340 000	947 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,88 %	65,86 %	91,96 %	−31,58 %
Debt-to-Equity Ratio	0,23	0,57	2,37	30,63
Operating Profit Margin	13,28 %	16,29 %	10,05 %	1,43 %
Current Ratio	2,5	2,37	2,28	2,73
Quick Ratio	−9,08	−17,1	−6,18	−3,58
Equity Ratio	0,5	0,37	0,17	0,02
Gross Profit Margin	53,17 %	54,29 %	52,75 %	57,19 %