KORSEN LANDBRUKSVERKSTED AS

7750 NAMDALSEID

Finances

Share Ownership

Return on Equity

49,18 %

Current Ratio

2,15

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 735 000	3 510 000	2 523 000	155 000
Net Income	724 000	332 000	221 000	54 000
Total Assets	2 299 000	1 027 000	687 000	259 000
Total Equity	1 472 000	747 000	415 000	194 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 735 000	3 510 000	2 523 000	155 000
Expenditure	5 791 000	3 073 000	2 242 000	86 000
Operating Profit	944 000	437 000	281 000	70 000
Financial Income	0	0	0	0
Financial Costs	15 000	11 000	0	0
Financial Balance	−15 000	−11 000	0	0
Earnings Before Tax	929 000	426 000	280 000	70 000
Tax	204 000	94 000	60 000	15 000
Net Income	724 000	332 000	221 000	54 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	560 000	492 000	45 000	0
Total Current Assets	1 739 000	536 000	643 000	259 000
Total Assets	2 299 000	1 027 000	687 000	259 000
Total Retained Equity	1 331 000	607 000	275 000	54 000
Total Equity	1 472 000	747 000	415 000	194 000
Total Long-Term Debt	18 000	14 000	2 000	0
Total Current Debt	809 000	266 000	270 000	64 000
Total Equity and Debt	2 299 000	1 027 000	687 000	259 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 724 000	3 510 000	2 521 000	155 000
Other Income	11 000	0	2 000	0
Revenue	6 735 000	3 510 000	2 523 000	155 000
Cost of Goods Sold	3 436 000	2 367 000	1 794 000	41 000
Salary Costs	1 344 000	301 000	261 000	33 000
Depreciation	103 000	49 000	6 000	0
Impairment	0	0	0	0
Expenditure	5 791 000	3 073 000	2 242 000	86 000
Operating Profit	944 000	437 000	281 000	70 000
Financial Income	0	0	0	0
Financial Costs	15 000	11 000	0	0
Financial Balance	−15 000	−11 000	0	0
Dividends	0	0	0	0
Net Income	724 000	332 000	221 000	54 000

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	560 000	492 000	45 000	0
Fixtures	0	0	0	0
Total Tangible Assets	560 000	492 000	45 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	560 000	492 000	45 000	0
Stock	288 000	200 000	150 000	0
Total Investments	0	0	0	0
Cash, Bank	125 000	15 000	344 000	146 000
Total Current Assets	1 739 000	536 000	643 000	259 000
Total Assets	2 299 000	1 027 000	687 000	259 000
Total Equity	1 472 000	747 000	415 000	194 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 000	14 000	2 000	0
Creditors	274 000	51 000	160 000	15 000
Unpaid Taxes	213 000	42 000	23 000	32 000
Dividends	0	0	0	0
Other Current Debt	122 000	40 000	26 000	3 000
Total Current Debt	809 000	266 000	270 000	64 000
Total Equity and Debt	2 299 000	1 027 000	687 000	259 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,18 %	44,44 %	53,25 %	27,84 %
Debt-to-Equity Ratio	0,01	0,02	0	0
Operating Profit Margin	14,02 %	12,45 %	11,14 %	45,16 %
Current Ratio	2,15	2,02	2,38	4,05
Quick Ratio	3,34	8,12	5,36	4,05
Equity Ratio	0,64	0,73	0,6	0,75
Gross Profit Margin	48,98 %	32,56 %	28,89 %	73,55 %