CORDEL NORGE AS

6017 ÅLESUND

Finances

Share Ownership

Return on Equity

111,89 %

Current Ratio

0,94

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	102 172 000	93 478 000	85 831 000	79 479 000
Net Income	31 387 000	31 128 000	28 084 000	22 556 000
Total Assets	96 527 000	117 591 000	95 469 000	79 898 000
Total Equity	28 051 000	28 006 000	63 269 000	50 763 000

Income (NOK)	2022	2021	2020	2019
Revenue	102 172 000	93 478 000	85 831 000	79 479 000
Expenditure	62 867 000	54 059 000	50 807 000	52 414 000
Operating Profit	39 305 000	39 420 000	35 023 000	27 064 000
Financial Income	1 291 000	543 000	798 000	1 376 000
Financial Costs	240 000	24 000	27 000	2 000
Financial Balance	1 051 000	519 000	771 000	1 374 000
Earnings Before Tax	40 356 000	39 938 000	35 794 000	28 438 000
Tax	8 969 000	8 810 000	7 710 000	5 882 000
Net Income	31 387 000	31 128 000	28 084 000	22 556 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	32 510 000	24 369 000	12 180 000	3 708 000
Total Current Assets	64 017 000	93 222 000	83 289 000	76 190 000
Total Assets	96 527 000	117 591 000	95 469 000	79 898 000
Total Retained Equity	27 391 000	27 346 000	62 609 000	50 103 000
Total Equity	28 051 000	28 006 000	63 269 000	50 763 000
Total Long-Term Debt	267 000	138 000	165 000	900 000
Total Current Debt	68 209 000	89 448 000	32 035 000	28 235 000
Total Equity and Debt	96 527 000	117 591 000	95 469 000	79 898 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	101 962 000	93 349 000	85 679 000	79 459 000
Other Income	210 000	129 000	152 000	20 000
Revenue	102 172 000	93 478 000	85 831 000	79 479 000
Cost of Goods Sold	12 823 000	11 404 000	10 605 000	12 579 000
Salary Costs	33 121 000	29 474 000	28 606 000	29 573 000
Depreciation	1 241 000	884 000	761 000	526 000
Impairment	0	0	4 000	0
Expenditure	62 867 000	54 059 000	50 807 000	52 414 000
Operating Profit	39 305 000	39 420 000	35 023 000	27 064 000
Financial Income	1 291 000	543 000	798 000	1 376 000
Financial Costs	240 000	24 000	27 000	2 000
Financial Balance	1 051 000	519 000	771 000	1 374 000
Dividends	0	0	0	0
Net Income	31 387 000	31 128 000	28 084 000	22 556 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	31 512 000	23 159 000	10 683 000	2 795 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	998 000	1 211 000	1 497 000	913 000
Total Tangible Assets	998 000	1 211 000	1 497 000	913 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	32 510 000	24 369 000	12 180 000	3 708 000
Stock	182 000	73 000	55 000	64 000
Total Investments	0	0	0	0
Cash, Bank	1 204 000	1 496 000	1 813 000	10 797 000
Total Current Assets	64 017 000	93 222 000	83 289 000	76 190 000
Total Assets	96 527 000	117 591 000	95 469 000	79 898 000
Total Equity	28 051 000	28 006 000	63 269 000	50 763 000
Short-Term Group Debt	56 240 000	75 239 000	19 972 000	20 572 000
Total Long-Term Debt	267 000	138 000	165 000	900 000
Creditors	1 315 000	717 000	1 236 000	1 392 000
Unpaid Taxes	5 512 000	5 088 000	4 372 000	2 927 000
Dividends	0	0	0	0
Other Current Debt	5 142 000	5 599 000	6 223 000	3 735 000
Total Current Debt	68 209 000	89 448 000	32 035 000	28 235 000
Total Equity and Debt	96 527 000	117 591 000	95 469 000	79 898 000

Financial indicators	2022	2021	2020	2019
Return on Equity	111,89 %	111,15 %	44,39 %	44,43 %
Debt-to-Equity Ratio	0,01	0	0	0,02
Operating Profit Margin	38,47 %	42,17 %	40,8 %	34,05 %
Current Ratio	0,94	1,04	2,6	2,7
Quick Ratio	0,94	1,04	2,6	2,7
Equity Ratio	0,29	0,24	0,66	0,64
Gross Profit Margin	87,45 %	87,8 %	87,64 %	84,17 %