CORROTEAM AS

3050 MJØNDALEN

Finances

Share Ownership

Return on Equity

43,94 %

Current Ratio

1,83

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 777 000	14 767 000	18 513 000	17 542 000
Net Income	1 552 000	1 678 000	3 344 000	1 997 000
Total Assets	8 519 000	8 434 000	9 730 000	8 686 000
Total Equity	3 532 000	3 576 000	3 687 000	3 063 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 777 000	14 767 000	18 513 000	17 542 000
Expenditure	15 741 000	12 561 000	14 180 000	14 945 000
Operating Profit	2 036 000	2 205 000	4 335 000	2 597 000
Financial Income	20 000	7 000	10 000	6 000
Financial Costs	9 000	1 000	6 000	29 000
Financial Balance	11 000	6 000	4 000	−23 000
Earnings Before Tax	2 046 000	2 211 000	4 338 000	2 574 000
Tax	494 000	533 000	994 000	577 000
Net Income	1 552 000	1 678 000	3 344 000	1 997 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	254 000	358 000	117 000	263 000
Total Current Assets	8 265 000	8 076 000	9 613 000	8 423 000
Total Assets	8 519 000	8 434 000	9 730 000	8 686 000
Total Retained Equity	3 382 000	3 426 000	3 537 000	2 913 000
Total Equity	3 532 000	3 576 000	3 687 000	3 063 000
Total Long-Term Debt	476 000	488 000	426 000	222 000
Total Current Debt	4 512 000	4 371 000	5 617 000	5 402 000
Total Equity and Debt	8 519 000	8 434 000	9 730 000	8 686 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 712 000	14 767 000	18 513 000	17 542 000
Other Income	65 000	0	0	0
Revenue	17 777 000	14 767 000	18 513 000	17 542 000
Cost of Goods Sold	9 851 000	7 263 000	9 640 000	10 659 000
Salary Costs	4 343 000	3 903 000	3 316 000	3 271 000
Depreciation	104 000	108 000	146 000	146 000
Impairment	0	0	0	0
Expenditure	15 741 000	12 561 000	14 180 000	14 945 000
Operating Profit	2 036 000	2 205 000	4 335 000	2 597 000
Financial Income	20 000	7 000	10 000	6 000
Financial Costs	9 000	1 000	6 000	29 000
Financial Balance	11 000	6 000	4 000	−23 000
Dividends	0	2 000 000	2 900 000	1 700 000
Net Income	1 552 000	1 678 000	3 344 000	1 997 000

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	254 000	358 000	117 000	263 000
Total Tangible Assets	254 000	358 000	117 000	263 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	254 000	358 000	117 000	263 000
Stock	3 062 000	2 089 000	4 098 000	1 420 000
Total Investments	0	0	0	0
Cash, Bank	156 000	190 000	2 917 000	2 759 000
Total Current Assets	8 265 000	8 076 000	9 613 000	8 423 000
Total Assets	8 519 000	8 434 000	9 730 000	8 686 000
Total Equity	3 532 000	3 576 000	3 687 000	3 063 000
Short-Term Group Debt	2 303 000	0	0	1 700 000
Total Long-Term Debt	476 000	488 000	426 000	222 000
Creditors	1 008 000	599 000	218 000	2 125 000
Unpaid Taxes	791 000	905 000	994 000	727 000
Dividends	0	2 000 000	2 900 000	1 700 000
Other Current Debt	409 000	396 000	716 000	405 000
Total Current Debt	4 512 000	4 371 000	5 617 000	5 402 000
Total Equity and Debt	8 519 000	8 434 000	9 730 000	8 686 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,94 %	46,92 %	90,7 %	65,2 %
Debt-to-Equity Ratio	0,13	0,14	0,12	0,07
Operating Profit Margin	11,45 %	14,93 %	23,42 %	14,8 %
Current Ratio	1,83	1,85	1,71	1,56
Quick Ratio	5,7	3,54	6,33	2,12
Equity Ratio	0,41	0,42	0,38	0,35
Gross Profit Margin	44,59 %	50,82 %	47,93 %	39,24 %