PORSGRUNN ARMERING AS

3941 PORSGRUNN

Finances

Share Ownership

Return on Equity

93,45 %

Current Ratio

1,23

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 079 000	3 840 000	3 364 000	3 195 000
Net Income	257 000	427 000	566 000	547 000
Total Assets	1 260 000	1 722 000	1 820 000	1 587 000
Total Equity	275 000	367 000	441 000	374 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 079 000	3 840 000	3 364 000	3 195 000
Expenditure	2 750 000	3 294 000	2 643 000	2 498 000
Operating Profit	330 000	548 000	721 000	696 000
Financial Income	0	0	5 000	5 000
Financial Costs	0	0	0	0
Financial Balance	0	0	5 000	5 000
Earnings Before Tax	330 000	547 000	726 000	702 000
Tax	73 000	120 000	160 000	154 000
Net Income	257 000	427 000	566 000	547 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	50 000	39 000	135 000	277 000
Total Current Assets	1 210 000	1 683 000	1 686 000	1 310 000
Total Assets	1 260 000	1 722 000	1 820 000	1 587 000
Total Retained Equity	175 000	267 000	341 000	274 000
Total Equity	275 000	367 000	441 000	374 000
Total Long-Term Debt	5 000	6 000	10 000	16 000
Total Current Debt	981 000	1 348 000	1 370 000	1 197 000
Total Equity and Debt	1 260 000	1 722 000	1 820 000	1 587 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 062 000	3 835 000	3 363 000	3 108 000
Other Income	18 000	5 000	1 000	87 000
Revenue	3 079 000	3 840 000	3 364 000	3 195 000
Cost of Goods Sold	804 000	699 000	221 000	626 000
Salary Costs	1 533 000	2 226 000	2 074 000	1 560 000
Depreciation	12 000	18 000	21 000	122 000
Impairment	0	0	0	0
Expenditure	2 750 000	3 294 000	2 643 000	2 498 000
Operating Profit	330 000	548 000	721 000	696 000
Financial Income	0	0	5 000	5 000
Financial Costs	0	0	0	0
Financial Balance	0	0	5 000	5 000
Dividends	350 000	500 000	500 000	500 000
Net Income	257 000	427 000	566 000	547 000

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	50 000	39 000	56 000	28 000
Total Tangible Assets	50 000	39 000	56 000	28 000
Total Fiancial Fixed Assets	0	0	78 000	249 000
Total Fixed Assets	50 000	39 000	135 000	277 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	957 000	1 317 000	846 000	667 000
Total Current Assets	1 210 000	1 683 000	1 686 000	1 310 000
Total Assets	1 260 000	1 722 000	1 820 000	1 587 000
Total Equity	275 000	367 000	441 000	374 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 000	6 000	10 000	16 000
Creditors	151 000	59 000	3 000	5 000
Unpaid Taxes	337 000	529 000	582 000	438 000
Dividends	350 000	500 000	500 000	500 000
Other Current Debt	68 000	135 000	119 000	89 000
Total Current Debt	981 000	1 348 000	1 370 000	1 197 000
Total Equity and Debt	1 260 000	1 722 000	1 820 000	1 587 000

Financial indicators	2022	2021	2020	2019
Return on Equity	93,45 %	116,35 %	128,34 %	146,26 %
Debt-to-Equity Ratio	0,02	0,02	0,02	0,04
Operating Profit Margin	10,72 %	14,27 %	21,43 %	21,78 %
Current Ratio	1,23	1,25	1,23	1,09
Quick Ratio	1,23	1,25	1,23	1,09
Equity Ratio	0,22	0,21	0,24	0,24
Gross Profit Margin	73,89 %	81,8 %	93,43 %	80,41 %