CODAN NORGE AS

2022 GJERDRUM

Finances

Share Ownership

Return on Equity

15,26 %

Current Ratio

3,66

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	81 013 000	80 833 000	75 724 000	69 522 000
Net Income	4 734 000	6 106 000	3 021 000	2 498 000
Total Assets	41 659 000	43 144 000	33 698 000	29 804 000
Total Equity	31 020 000	28 286 000	26 180 000	23 159 000

Income (NOK)	2022	2021	2020	2019
Revenue	81 013 000	80 833 000	75 724 000	69 522 000
Expenditure	75 606 000	73 070 000	71 605 000	66 144 000
Operating Profit	5 407 000	7 763 000	4 118 000	3 378 000
Financial Income	952 000	339 000	397 000	156 000
Financial Costs	288 000	272 000	641 000	328 000
Financial Balance	664 000	67 000	−244 000	−172 000
Earnings Before Tax	6 070 000	7 830 000	3 873 000	3 206 000
Tax	1 336 000	1 725 000	852 000	708 000
Net Income	4 734 000	6 106 000	3 021 000	2 498 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 681 000	2 904 000	3 039 000	3 346 000
Total Current Assets	38 978 000	40 240 000	30 660 000	26 458 000
Total Assets	41 659 000	43 144 000	33 698 000	29 804 000
Total Retained Equity	30 520 000	27 786 000	25 680 000	22 659 000
Total Equity	31 020 000	28 286 000	26 180 000	23 159 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	10 639 000	14 858 000	7 518 000	6 644 000
Total Equity and Debt	41 659 000	43 144 000	33 698 000	29 804 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	81 013 000	80 833 000	75 724 000	69 522 000
Other Income	0	0	0	0
Revenue	81 013 000	80 833 000	75 724 000	69 522 000
Cost of Goods Sold	59 450 000	59 358 000	57 577 000	50 965 000
Salary Costs	9 440 000	8 267 000	7 841 000	8 823 000
Depreciation	239 000	239 000	299 000	304 000
Impairment	0	0	0	0
Expenditure	75 606 000	73 070 000	71 605 000	66 144 000
Operating Profit	5 407 000	7 763 000	4 118 000	3 378 000
Financial Income	952 000	339 000	397 000	156 000
Financial Costs	288 000	272 000	641 000	328 000
Financial Balance	664 000	67 000	−244 000	−172 000
Dividends	2 000 000	4 000 000	0	0
Net Income	4 734 000	6 106 000	3 021 000	2 498 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	298 000	281 000	271 000	325 000
Real Eastate	2 198 000	2 347 000	2 496 000	2 645 000
Machinery and Plant Facilities	55 000	145 000	194 000	242 000
Fixtures	131 000	131 000	78 000	134 000
Total Tangible Assets	2 383 000	2 623 000	2 767 000	3 021 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 681 000	2 904 000	3 039 000	3 346 000
Stock	15 539 000	12 918 000	15 700 000	9 604 000
Total Investments	0	0	0	0
Cash, Bank	15 230 000	12 557 000	5 777 000	6 733 000
Total Current Assets	38 978 000	40 240 000	30 660 000	26 458 000
Total Assets	41 659 000	43 144 000	33 698 000	29 804 000
Total Equity	31 020 000	28 286 000	26 180 000	23 159 000
Short-Term Group Debt	1 785 000	480 000	1 429 000	385 000
Total Long-Term Debt	0	0	0	0
Creditors	1 104 000	3 553 000	1 180 000	1 148 000
Unpaid Taxes	3 532 000	4 382 000	3 437 000	3 548 000
Dividends	2 000 000	4 000 000	0	0
Other Current Debt	866 000	709 000	673 000	759 000
Total Current Debt	10 639 000	14 858 000	7 518 000	6 644 000
Total Equity and Debt	41 659 000	43 144 000	33 698 000	29 804 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,26 %	21,59 %	11,54 %	10,79 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,67 %	9,6 %	5,44 %	4,86 %
Current Ratio	3,66	2,71	4,08	3,98
Quick Ratio	−7,95	20,74	−3,75	−8,94
Equity Ratio	0,74	0,66	0,78	0,78
Gross Profit Margin	26,62 %	26,57 %	23,96 %	26,69 %