STRANDS RØRSERVICE AS

1081 OSLO

Finances

Share Ownership

Return on Equity

36,87 %

Current Ratio

6,53

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	182 000	70 000	55 000	97 000
Net Income	153 000	23 000	37 000	39 000
Total Assets	490 000	281 000	240 000	222 000
Total Equity	415 000	263 000	240 000	203 000

Income (NOK)	2022	2021	2020	2019
Revenue	182 000	70 000	55 000	97 000
Expenditure	37 000	47 000	16 000	55 000
Operating Profit	144 000	23 000	39 000	42 000
Financial Income	40 000	6 000	6 000	6 000
Financial Costs	0	0	0	0
Financial Balance	40 000	6 000	6 000	6 000
Earnings Before Tax	184 000	29 000	45 000	48 000
Tax	32 000	6 000	9 000	9 000
Net Income	153 000	23 000	37 000	39 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	45 000	45 000	45 000
Total Current Assets	490 000	236 000	195 000	177 000
Total Assets	490 000	281 000	240 000	222 000
Total Retained Equity	315 000	163 000	140 000	103 000
Total Equity	415 000	263 000	240 000	203 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	75 000	18 000	0	19 000
Total Equity and Debt	490 000	281 000	240 000	222 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	182 000	70 000	55 000	37 000
Other Income	0	0	0	60 000
Revenue	182 000	70 000	55 000	97 000
Cost of Goods Sold	28 000	0	7 000	22 000
Salary Costs	0	0	0	1 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	37 000	47 000	16 000	55 000
Operating Profit	144 000	23 000	39 000	42 000
Financial Income	40 000	6 000	6 000	6 000
Financial Costs	0	0	0	0
Financial Balance	40 000	6 000	6 000	6 000
Dividends	0	0	0	0
Net Income	153 000	23 000	37 000	39 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	45 000	45 000	45 000
Total Fixed Assets	0	45 000	45 000	45 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	149 000	87 000	70 000	107 000
Total Current Assets	490 000	236 000	195 000	177 000
Total Assets	490 000	281 000	240 000	222 000
Total Equity	415 000	263 000	240 000	203 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	−14 000	−2 000
Unpaid Taxes	43 000	12 000	5 000	17 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	75 000	18 000	0	19 000
Total Equity and Debt	490 000	281 000	240 000	222 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,87 %	8,75 %	15,42 %	19,21 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	79,12 %	32,86 %	70,91 %	43,3 %
Current Ratio	6,53	13,11	-	9,32
Quick Ratio	6,53	13,11	-	9,32
Equity Ratio	0,85	0,94	1	0,91
Gross Profit Margin	84,62 %	100 %	87,27 %	77,32 %