CORROSAFE AS

4156 MOSTERØY

Finances

Share Ownership

Return on Equity

10,31 %

Current Ratio

2,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 661 000	14 424 000	11 689 000	10 776 000
Net Income	513 000	2 511 000	1 277 000	855 000
Total Assets	7 718 000	9 352 000	7 395 000	6 128 000
Total Equity	4 976 000	4 463 000	3 452 000	3 175 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 661 000	14 424 000	11 689 000	10 776 000
Expenditure	11 012 000	11 180 000	10 031 000	9 645 000
Operating Profit	649 000	3 244 000	1 659 000	1 131 000
Financial Income	43 000	14 000	11 000	3 000
Financial Costs	34 000	33 000	31 000	26 000
Financial Balance	9 000	−19 000	−20 000	−23 000
Earnings Before Tax	659 000	3 225 000	1 639 000	1 108 000
Tax	146 000	714 000	362 000	253 000
Net Income	513 000	2 511 000	1 277 000	855 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	556 000	179 000	100 000	155 000
Total Current Assets	7 162 000	9 173 000	7 295 000	5 973 000
Total Assets	7 718 000	9 352 000	7 395 000	6 128 000
Total Retained Equity	4 776 000	4 263 000	3 252 000	2 975 000
Total Equity	4 976 000	4 463 000	3 452 000	3 175 000
Total Long-Term Debt	6 000	0	0	0
Total Current Debt	2 736 000	4 889 000	3 943 000	2 953 000
Total Equity and Debt	7 718 000	9 352 000	7 395 000	6 128 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 658 000	14 424 000	11 689 000	10 776 000
Other Income	3 000	0	0	0
Revenue	11 661 000	14 424 000	11 689 000	10 776 000
Cost of Goods Sold	5 140 000	5 736 000	5 041 000	4 563 000
Salary Costs	3 192 000	3 378 000	2 958 000	2 884 000
Depreciation	113 000	64 000	47 000	67 000
Impairment	0	0	0	0
Expenditure	11 012 000	11 180 000	10 031 000	9 645 000
Operating Profit	649 000	3 244 000	1 659 000	1 131 000
Financial Income	43 000	14 000	11 000	3 000
Financial Costs	34 000	33 000	31 000	26 000
Financial Balance	9 000	−19 000	−20 000	−23 000
Dividends	0	1 500 000	1 000 000	617 000
Net Income	513 000	2 511 000	1 277 000	855 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	8 000	8 000	16 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	556 000	171 000	91 000	139 000
Total Tangible Assets	556 000	171 000	91 000	139 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	556 000	179 000	100 000	155 000
Stock	1 794 000	2 117 000	1 369 000	1 410 000
Total Investments	0	0	0	0
Cash, Bank	4 250 000	4 577 000	3 663 000	1 818 000
Total Current Assets	7 162 000	9 173 000	7 295 000	5 973 000
Total Assets	7 718 000	9 352 000	7 395 000	6 128 000
Total Equity	4 976 000	4 463 000	3 452 000	3 175 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 000	0	0	0
Creditors	896 000	1 277 000	1 042 000	696 000
Unpaid Taxes	772 000	782 000	919 000	623 000
Dividends	0	1 500 000	1 000 000	617 000
Other Current Debt	936 000	616 000	628 000	829 000
Total Current Debt	2 736 000	4 889 000	3 943 000	2 953 000
Total Equity and Debt	7 718 000	9 352 000	7 395 000	6 128 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,31 %	56,26 %	36,99 %	26,93 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,57 %	22,49 %	14,19 %	10,5 %
Current Ratio	2,62	1,88	1,85	2,02
Quick Ratio	7,6	3,31	2,83	3,87
Equity Ratio	0,64	0,48	0,47	0,52
Gross Profit Margin	55,92 %	60,23 %	56,87 %	57,66 %