SAFEREC AS

2022 GJERDRUM

Finances

Share Ownership

Return on Equity

3,5 %

Current Ratio

5,88

Debt-to-Equity Ratio

1,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 883 000	30 861 000	38 400 000	44 053 000
Net Income	344 000	772 000	2 265 000	−85 000
Total Assets	34 573 000	29 959 000	34 417 000	33 116 000
Total Equity	9 837 000	9 494 000	8 722 000	6 456 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 883 000	30 861 000	38 400 000	44 053 000
Expenditure	34 415 000	29 526 000	34 704 000	43 155 000
Operating Profit	1 468 000	1 335 000	3 696 000	898 000
Financial Income	212 000	257 000	358 000	78 000
Financial Costs	1 237 000	602 000	1 149 000	1 080 000
Financial Balance	−1 025 000	−345 000	−791 000	−1 002 000
Earnings Before Tax	443 000	990 000	2 905 000	−103 000
Tax	99 000	218 000	640 000	−18 000
Net Income	344 000	772 000	2 265 000	−85 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	675 000	868 000	1 060 000	1 439 000
Total Current Assets	33 899 000	29 091 000	33 357 000	31 677 000
Total Assets	34 573 000	29 959 000	34 417 000	33 116 000
Total Retained Equity	7 978 000	7 635 000	6 863 000	4 597 000
Total Equity	9 837 000	9 494 000	8 722 000	6 456 000
Total Long-Term Debt	18 970 000	11 714 000	12 965 000	10 465 000
Total Current Debt	5 766 000	8 751 000	12 730 000	16 194 000
Total Equity and Debt	34 573 000	29 959 000	34 417 000	33 116 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 867 000	30 489 000	38 067 000	44 053 000
Other Income	16 000	372 000	333 000	0
Revenue	35 883 000	30 861 000	38 400 000	44 053 000
Cost of Goods Sold	24 426 000	19 731 000	25 997 000	33 205 000
Salary Costs	6 091 000	6 358 000	5 669 000	6 148 000
Depreciation	196 000	206 000	259 000	375 000
Impairment	0	0	0	0
Expenditure	34 415 000	29 526 000	34 704 000	43 155 000
Operating Profit	1 468 000	1 335 000	3 696 000	898 000
Financial Income	212 000	257 000	358 000	78 000
Financial Costs	1 237 000	602 000	1 149 000	1 080 000
Financial Balance	−1 025 000	−345 000	−791 000	−1 002 000
Dividends	0	0	0	0
Net Income	344 000	772 000	2 265 000	−85 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	163 000	161 000	206 000	175 000
Real Eastate	72 000	84 000	95 000	107 000
Machinery and Plant Facilities	153 000	188 000	224 000	259 000
Fixtures	287 000	436 000	534 000	898 000
Total Tangible Assets	512 000	708 000	854 000	1 265 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	675 000	868 000	1 060 000	1 439 000
Stock	26 309 000	25 522 000	22 422 000	16 288 000
Total Investments	0	0	0	0
Cash, Bank	3 799 000	888 000	1 289 000	5 923 000
Total Current Assets	33 899 000	29 091 000	33 357 000	31 677 000
Total Assets	34 573 000	29 959 000	34 417 000	33 116 000
Total Equity	9 837 000	9 494 000	8 722 000	6 456 000
Short-Term Group Debt	0	0	80 000	0
Total Long-Term Debt	18 970 000	11 714 000	12 965 000	10 465 000
Creditors	1 936 000	3 396 000	4 686 000	9 117 000
Unpaid Taxes	1 203 000	413 000	2 398 000	2 979 000
Dividends	0	0	0	0
Other Current Debt	2 525 000	4 770 000	4 894 000	4 099 000
Total Current Debt	5 766 000	8 751 000	12 730 000	16 194 000
Total Equity and Debt	34 573 000	29 959 000	34 417 000	33 116 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,5 %	8,13 %	25,97 %	−1,32 %
Debt-to-Equity Ratio	1,93	1,23	1,49	1,62
Operating Profit Margin	4,09 %	4,33 %	9,63 %	2,04 %
Current Ratio	5,88	3,32	2,62	1,96
Quick Ratio	−1,65	−1,73	−3,44	−336,99
Equity Ratio	0,28	0,32	0,25	0,19
Gross Profit Margin	31,93 %	36,06 %	32,3 %	24,62 %