SÆTRE MASKIN AS

6170 VARTDAL

Finances

Share Ownership

Return on Equity

104,55 %

Current Ratio

1,67

Debt-to-Equity Ratio

4,08

Key figures (NOK)	2022	2021	2020
Revenue	4 099 000	2 164 000	804 000
Net Income	437 000	190 000	11 000
Total Assets	3 295 000	2 072 000	1 256 000
Total Equity	418 000	181 000	41 000

Income (NOK)	2022	2021	2020
Revenue	4 099 000	2 164 000	804 000
Expenditure	3 450 000	1 849 000	751 000
Operating Profit	649 000	315 000	53 000
Financial Income	0	0	0
Financial Costs	89 000	72 000	39 000
Financial Balance	−89 000	−72 000	−39 000
Earnings Before Tax	560 000	243 000	14 000
Tax	123 000	54 000	3 000
Net Income	437 000	190 000	11 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 335 000	1 506 000	1 162 000
Total Current Assets	1 960 000	567 000	94 000
Total Assets	3 295 000	2 072 000	1 256 000
Total Retained Equity	388 000	151 000	11 000
Total Equity	418 000	181 000	41 000
Total Long-Term Debt	1 706 000	1 695 000	1 108 000
Total Current Debt	1 171 000	197 000	107 000
Total Equity and Debt	3 295 000	2 072 000	1 256 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 919 000	2 149 000	804 000
Other Income	180 000	15 000	0
Revenue	4 099 000	2 164 000	804 000
Cost of Goods Sold	1 199 000	352 000	23 000
Salary Costs	363 000	33 000	18 000
Depreciation	223 000	111 000	160 000
Impairment	0	0	0
Expenditure	3 450 000	1 849 000	751 000
Operating Profit	649 000	315 000	53 000
Financial Income	0	0	0
Financial Costs	89 000	72 000	39 000
Financial Balance	−89 000	−72 000	−39 000
Dividends	200 000	50 000	0
Net Income	437 000	190 000	11 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	1 100 000	1 275 000	965 000
Fixtures	235 000	231 000	197 000
Total Tangible Assets	1 335 000	1 506 000	1 162 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 335 000	1 506 000	1 162 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	825 000	290 000	26 000
Total Current Assets	1 960 000	567 000	94 000
Total Assets	3 295 000	2 072 000	1 256 000
Total Equity	418 000	181 000	41 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 706 000	1 695 000	1 108 000
Creditors	615 000	106 000	57 000
Unpaid Taxes	212 000	40 000	0
Dividends	200 000	50 000	0
Other Current Debt	67 000	0	51 000
Total Current Debt	1 171 000	197 000	107 000
Total Equity and Debt	3 295 000	2 072 000	1 256 000

Financial indicators	2022	2021	2020
Return on Equity	104,55 %	104,97 %	26,83 %
Debt-to-Equity Ratio	4,08	9,36	27,02
Operating Profit Margin	15,83 %	14,56 %	6,59 %
Current Ratio	1,67	2,88	0,88
Quick Ratio	1,67	2,88	0,88
Equity Ratio	0,13	0,09	0,03
Gross Profit Margin	70,75 %	83,73 %	97,14 %