KENT ERICHSEN AS

1746 SKJEBERG

Finances

Share Ownership

Return on Equity

5,77 %

Current Ratio

0,92

Debt-to-Equity Ratio

0,76

Key figures (NOK)	2022	2021	2020
Revenue	6 655 000	4 935 000	1 967 000
Net Income	29 000	115 000	408 000
Total Assets	2 500 000	1 106 000	1 501 000
Total Equity	503 000	474 000	458 000

Income (NOK)	2022	2021	2020
Revenue	6 655 000	4 935 000	1 967 000
Expenditure	6 594 000	4 781 000	1 442 000
Operating Profit	62 000	154 000	524 000
Financial Income	0	0	0
Financial Costs	24 000	7 000	0
Financial Balance	−24 000	−7 000	0
Earnings Before Tax	37 000	148 000	524 000
Tax	8 000	32 000	115 000
Net Income	29 000	115 000	408 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 020 000	683 000	567 000
Total Current Assets	1 479 000	423 000	934 000
Total Assets	2 500 000	1 106 000	1 501 000
Total Retained Equity	453 000	424 000	408 000
Total Equity	503 000	474 000	458 000
Total Long-Term Debt	384 000	18 000	26 000
Total Current Debt	1 613 000	614 000	1 017 000
Total Equity and Debt	2 500 000	1 106 000	1 501 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 450 000	4 706 000	1 967 000
Other Income	205 000	228 000	0
Revenue	6 655 000	4 935 000	1 967 000
Cost of Goods Sold	461 000	685 000	393 000
Salary Costs	2 564 000	1 915 000	513 000
Depreciation	147 000	118 000	12 000
Impairment	0	0	0
Expenditure	6 594 000	4 781 000	1 442 000
Operating Profit	62 000	154 000	524 000
Financial Income	0	0	0
Financial Costs	24 000	7 000	0
Financial Balance	−24 000	−7 000	0
Dividends	0	0	0
Net Income	29 000	115 000	408 000

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	284 000	418 000	421 000
Fixtures	262 000	0	0
Total Tangible Assets	546 000	418 000	421 000
Total Fiancial Fixed Assets	474 000	265 000	147 000
Total Fixed Assets	1 020 000	683 000	567 000
Stock	0	0	0
Total Investments	−5 000	0	0
Cash, Bank	75 000	53 000	383 000
Total Current Assets	1 479 000	423 000	934 000
Total Assets	2 500 000	1 106 000	1 501 000
Total Equity	503 000	474 000	458 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	384 000	18 000	26 000
Creditors	363 000	207 000	316 000
Unpaid Taxes	513 000	176 000	281 000
Dividends	0	0	0
Other Current Debt	726 000	191 000	331 000
Total Current Debt	1 613 000	614 000	1 017 000
Total Equity and Debt	2 500 000	1 106 000	1 501 000

Financial indicators	2022	2021	2020
Return on Equity	5,77 %	24,26 %	89,08 %
Debt-to-Equity Ratio	0,76	0,04	0,06
Operating Profit Margin	0,93 %	3,12 %	26,64 %
Current Ratio	0,92	0,69	0,92
Quick Ratio	0,92	0,69	0,92
Equity Ratio	0,2	0,43	0,31
Gross Profit Margin	93,07 %	86,12 %	80,02 %