CHR MICHELSENS INSTITUTT FOR VIDENSKAP OG ÅNDSFRIHET

5006 BERGEN

Finances

Return on Equity

0,62 %

Current Ratio

1,12

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	118 974 000	102 472 000	87 705 000	80 835 000
Net Income	226 000	4 925 000	5 347 000	3 425 000
Total Assets	143 893 000	131 899 000	106 063 000	87 589 000
Total Equity	36 545 000	36 320 000	31 394 000	26 047 000

Income (NOK)	2022	2021	2020	2019
Revenue	118 974 000	102 472 000	87 705 000	80 835 000
Expenditure	118 469 000	97 099 000	82 208 000	77 499 000
Operating Profit	505 000	5 373 000	5 498 000	3 336 000
Financial Income	1 246 000	994 000	1 407 000	965 000
Financial Costs	1 525 000	977 000	1 057 000	715 000
Financial Balance	−279 000	17 000	350 000	250 000
Earnings Before Tax	226 000	5 390 000	5 848 000	3 587 000
Tax	0	464 000	501 000	162 000
Net Income	226 000	4 925 000	5 347 000	3 425 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	45 994 000	41 230 000	40 904 000	41 919 000
Total Current Assets	97 899 000	90 669 000	65 159 000	45 670 000
Total Assets	143 893 000	131 899 000	106 063 000	87 589 000
Total Retained Equity	21 245 000	21 020 000	16 094 000	10 747 000
Total Equity	36 545 000	36 320 000	31 394 000	26 047 000
Total Long-Term Debt	20 250 000	21 250 000	22 250 000	23 250 000
Total Current Debt	87 098 000	74 329 000	52 419 000	38 292 000
Total Equity and Debt	143 893 000	131 899 000	106 063 000	87 589 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	118 875 000	101 736 000	87 386 000	80 586 000
Other Income	99 000	735 000	319 000	249 000
Revenue	118 974 000	102 472 000	87 705 000	80 835 000
Cost of Goods Sold	23 008 000	14 033 000	13 435 000	14 292 000
Salary Costs	80 632 000	72 869 000	58 929 000	54 455 000
Depreciation	1 583 000	1 182 000	1 056 000	1 214 000
Impairment	0	0	0	0
Expenditure	118 469 000	97 099 000	82 208 000	77 499 000
Operating Profit	505 000	5 373 000	5 498 000	3 336 000
Financial Income	1 246 000	994 000	1 407 000	965 000
Financial Costs	1 525 000	977 000	1 057 000	715 000
Financial Balance	−279 000	17 000	350 000	250 000
Dividends	0	0	0	0
Net Income	226 000	4 925 000	5 347 000	3 425 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	42 134 000	39 009 000	39 656 000	40 684 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 085 000	1 060 000	216 000	245 000
Total Tangible Assets	44 219 000	40 069 000	39 873 000	40 929 000
Total Fiancial Fixed Assets	1 775 000	1 161 000	1 031 000	990 000
Total Fixed Assets	45 994 000	41 230 000	40 904 000	41 919 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	77 842 000	77 866 000	58 383 000	33 264 000
Total Current Assets	97 899 000	90 669 000	65 159 000	45 670 000
Total Assets	143 893 000	131 899 000	106 063 000	87 589 000
Total Equity	36 545 000	36 320 000	31 394 000	26 047 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	20 250 000	21 250 000	22 250 000	23 250 000
Creditors	5 916 000	5 373 000	5 439 000	3 009 000
Unpaid Taxes	5 961 000	5 307 000	3 948 000	3 533 000
Dividends	0	0	0	0
Other Current Debt	75 221 000	63 186 000	42 530 000	31 588 000
Total Current Debt	87 098 000	74 329 000	52 419 000	38 292 000
Total Equity and Debt	143 893 000	131 899 000	106 063 000	87 589 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,62 %	13,56 %	17,03 %	13,15 %
Debt-to-Equity Ratio	0,55	0,59	0,71	0,89
Operating Profit Margin	0,42 %	5,24 %	6,27 %	4,13 %
Current Ratio	1,12	1,22	1,24	1,19
Quick Ratio	1,12	1,22	1,24	1,19
Equity Ratio	0,25	0,28	0,3	0,3
Gross Profit Margin	80,66 %	86,31 %	84,68 %	82,32 %