SKAGERRAK SPAREBANK

3916 PORSGRUNN

Finances

Return on Equity

10,4 %

Current Ratio

1,09

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	264 627 000	256 543 000	217 659 000	233 803 000
Net Income	179 765 000	121 025 000	53 065 000	81 591 000
Total Assets	12 532 376 000	12 561 522 000	11 782 165 000	10 646 880 000
Total Equity	1 728 308 000	1 428 022 000	1 320 341 000	1 121 578 000

Income (NOK)	2022	2021	2020	2019
Revenue	264 627 000	256 543 000	217 659 000	233 803 000
Expenditure	161 496 000	134 201 000	135 509 000	121 592 000
Operating Profit	133 757 000	145 344 000	82 150 000	112 211 000
Financial Income	0	0	0	0
Financial Costs	7 637 000	7 644 000	11 773 000	8 569 000
Financial Balance	−7 637 000	−7 644 000	−11 773 000	−8 569 000
Earnings Before Tax	126 120 000	137 700 000	70 377 000	103 642 000
Tax	−25 809 000	−25 815 000	0	22 051 000
Net Income	179 765 000	121 025 000	53 065 000	81 591 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	908 685 000	745 405 000	746 341 000	720 588 000
Total Current Assets	11 542 187 000	11 806 809 000	11 035 824 000	9 898 066 000
Total Assets	12 532 376 000	12 561 522 000	11 782 165 000	10 646 880 000
Total Retained Equity	799 825 000	1 147 080 000	1 039 399 000	930 753 000
Total Equity	1 728 308 000	1 428 022 000	1 320 341 000	1 121 578 000
Total Long-Term Debt	170 681 000	167 971 000	115 830 000	200 564 000
Total Current Debt	10 593 016 000	10 937 143 000	10 345 994 000	9 324 738 000
Total Equity and Debt	12 532 376 000	12 561 522 000	11 782 165 000	0

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	264 627 000	256 543 000	217 659 000	233 803 000
Cost of Goods Sold	0	0	0	0
Salary Costs	71 104 000	63 421 000	64 938 000	59 838 000
Depreciation	10 005 000	9 028 000	6 921 000	5 924 000
Impairment	0	0	0	0
Expenditure	161 496 000	134 201 000	135 509 000	121 592 000
Operating Profit	133 757 000	145 344 000	82 150 000	112 211 000
Financial Income	0	0	0	0
Financial Costs	7 637 000	7 644 000	11 773 000	8 569 000
Financial Balance	−7 637 000	−7 644 000	−11 773 000	−8 569 000
Dividends	0	0	0	0
Net Income	179 765 000	121 025 000	53 065 000	81 591 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	3 487 000
Real Eastate	0	0	94 157 000	73 820 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	6 782 000	7 549 000
Total Tangible Assets	77 610 000	91 373 000	100 939 000	81 369 000
Total Fiancial Fixed Assets	831 075 000	654 032 000	645 402 000	635 732 000
Total Fixed Assets	908 685 000	745 405 000	746 341 000	720 588 000
Stock	0	0	0	0
Total Investments	1 699 496 000	1 961 313 000	1 673 598 000	977 168 000
Cash, Bank	0	0	0	0
Total Current Assets	11 542 187 000	11 806 809 000	11 035 824 000	9 898 066 000
Total Assets	12 532 376 000	12 561 522 000	11 782 165 000	10 646 880 000
Total Equity	1 728 308 000	1 428 022 000	1 320 341 000	1 121 578 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	170 681 000	167 971 000	115 830 000	200 564 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	10 629 566 000	10 963 963 000	10 332 557 000	9 298 797 000
Total Current Debt	10 593 016 000	10 937 143 000	10 345 994 000	9 324 738 000
Total Equity and Debt	12 532 376 000	12 561 522 000	11 782 165 000	0

Financial indicators	2022	2021	2020	2019
Return on Equity	10,4 %	8,48 %	4,02 %	7,27 %
Debt-to-Equity Ratio	0,1	0,12	0,09	0,18
Operating Profit Margin	50,55 %	56,65 %	37,74 %	47,99 %
Current Ratio	1,09	1,08	1,07	1,06
Quick Ratio	1,09	1,08	1,07	1,06
Equity Ratio	0,14	0,11	0,11	0,11
Gross Profit Margin	100 %	100 %	100 %	100 %