BIRKENES SPAREBANK

4760 BIRKELAND

Finances

Return on Equity

9,85 %

Current Ratio

1,07

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	44 980 000	40 494 000	38 543 000	46 004 000
Net Income	29 698 000	19 090 000	13 696 000	14 720 000
Total Assets	1 993 177 000	1 866 613 000	1 746 915 000	1 621 253 000
Total Equity	301 365 000	276 817 000	259 344 000	224 320 000

Income (NOK)	2022	2021	2020	2019
Revenue	44 980 000	40 494 000	38 543 000	46 004 000
Expenditure	34 776 000	28 483 000	29 213 000	26 573 000
Operating Profit	15 817 000	17 372 000	13 959 000	19 430 000
Financial Income	0	0	0	0
Financial Costs	−48 000	−819 000	358 000	1 108 000
Financial Balance	48 000	819 000	−358 000	−1 108 000
Earnings Before Tax	15 865 000	18 191 000	13 601 000	18 322 000
Tax	−2 786 000	−3 396 000	−2 387 000	3 602 000
Net Income	29 698 000	19 090 000	13 696 000	14 720 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	134 676 000	108 450 000	103 252 000	67 183 000
Total Current Assets	1 794 316 000	1 754 032 000	1 640 116 000	1 554 070 000
Total Assets	1 993 177 000	1 866 613 000	1 746 915 000	1 621 253 000
Total Retained Equity	301 365 000	276 817 000	259 344 000	224 320 000
Total Equity	301 365 000	276 817 000	259 344 000	224 320 000
Total Long-Term Debt	3 832 000	6 994 000	7 296 000	5 065 000
Total Current Debt	1 678 232 000	1 574 645 000	1 471 156 000	1 391 868 000
Total Equity and Debt	1 993 177 000	1 866 613 000	1 746 915 000	26 714 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	44 980 000	40 494 000	38 543 000	46 004 000
Cost of Goods Sold	0	0	0	0
Salary Costs	16 447 000	14 839 000	14 539 000	14 849 000
Depreciation	411 000	429 000	537 000	650 000
Impairment	0	0	0	0
Expenditure	34 776 000	28 483 000	29 213 000	26 573 000
Operating Profit	15 817 000	17 372 000	13 959 000	19 430 000
Financial Income	0	0	0	0
Financial Costs	−48 000	−819 000	358 000	1 108 000
Financial Balance	48 000	819 000	−358 000	−1 108 000
Dividends	0	0	0	0
Net Income	29 698 000	19 090 000	13 696 000	14 720 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	1 187 000
Real Eastate	0	0	0	23 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	1 126 000
Total Tangible Assets	6 055 000	5 279 000	5 708 000	1 149 000
Total Fiancial Fixed Assets	128 621 000	103 171 000	97 544 000	64 847 000
Total Fixed Assets	134 676 000	108 450 000	103 252 000	67 183 000
Stock	0	0	0	0
Total Investments	138 261 000	169 890 000	130 854 000	94 999 000
Cash, Bank	0	0	0	0
Total Current Assets	1 794 316 000	1 754 032 000	1 640 116 000	1 554 070 000
Total Assets	1 993 177 000	1 866 613 000	1 746 915 000	1 621 253 000
Total Equity	301 365 000	276 817 000	259 344 000	224 320 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 832 000	6 994 000	7 296 000	5 065 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 562 387 000	1 507 661 000	1 405 184 000	1 291 868 000
Total Current Debt	1 678 232 000	1 574 645 000	1 471 156 000	1 391 868 000
Total Equity and Debt	1 993 177 000	1 866 613 000	1 746 915 000	26 714 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,85 %	6,9 %	5,28 %	6,56 %
Debt-to-Equity Ratio	0,01	0,03	0,03	0,02
Operating Profit Margin	35,16 %	42,9 %	36,22 %	42,24 %
Current Ratio	1,07	1,11	1,11	1,12
Quick Ratio	1,07	1,11	1,11	1,12
Equity Ratio	0,15	0,15	0,15	0,14
Gross Profit Margin	100 %	100 %	100 %	100 %