C.W. KORTERUD AS

1850 MYSEN

Finances

Return on Equity

5,2 %

Current Ratio

5,22

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 735 000	10 545 000	10 152 000	9 873 000
Net Income	700 000	1 391 000	387 000	569 000
Total Assets	15 283 000	14 887 000	15 456 000	16 541 000
Total Equity	13 461 000	12 762 000	13 371 000	12 984 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 735 000	10 545 000	10 152 000	9 873 000
Expenditure	9 835 000	8 763 000	9 226 000	9 276 000
Operating Profit	900 000	1 782 000	926 000	597 000
Financial Income	9 000	10 000	505 000	2 516 000
Financial Costs	10 000	6 000	842 000	2 421 000
Financial Balance	−1 000	4 000	−337 000	95 000
Earnings Before Tax	898 000	1 787 000	589 000	692 000
Tax	199 000	396 000	203 000	124 000
Net Income	700 000	1 391 000	387 000	569 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 901 000	8 085 000	8 219 000	9 166 000
Total Current Assets	7 382 000	6 802 000	7 236 000	7 374 000
Total Assets	15 283 000	14 887 000	15 456 000	16 541 000
Total Retained Equity	5 856 000	5 157 000	5 766 000	5 379 000
Total Equity	13 461 000	12 762 000	13 371 000	12 984 000
Total Long-Term Debt	408 000	548 000	683 000	2 413 000
Total Current Debt	1 414 000	1 578 000	1 402 000	1 144 000
Total Equity and Debt	15 283 000	14 887 000	15 456 000	16 541 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 431 000	10 179 000	9 857 000	9 652 000
Other Income	304 000	366 000	295 000	221 000
Revenue	10 735 000	10 545 000	10 152 000	9 873 000
Cost of Goods Sold	5 099 000	4 346 000	5 207 000	4 702 000
Salary Costs	3 073 000	2 991 000	2 744 000	3 119 000
Depreciation	184 000	184 000	183 000	180 000
Impairment	0	0	0	0
Expenditure	9 835 000	8 763 000	9 226 000	9 276 000
Operating Profit	900 000	1 782 000	926 000	597 000
Financial Income	9 000	10 000	505 000	2 516 000
Financial Costs	10 000	6 000	842 000	2 421 000
Financial Balance	−1 000	4 000	−337 000	95 000
Dividends	0	0	0	0
Net Income	700 000	1 391 000	387 000	569 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 946 000	3 015 000	3 085 000	3 154 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	510 000	625 000	740 000	833 000
Total Tangible Assets	3 456 000	3 640 000	3 825 000	3 987 000
Total Fiancial Fixed Assets	4 445 000	4 445 000	4 395 000	5 180 000
Total Fixed Assets	7 901 000	8 085 000	8 219 000	9 166 000
Stock	4 815 000	4 139 000	3 754 000	3 922 000
Total Investments	0	0	0	0
Cash, Bank	2 422 000	2 526 000	2 856 000	856 000
Total Current Assets	7 382 000	6 802 000	7 236 000	7 374 000
Total Assets	15 283 000	14 887 000	15 456 000	16 541 000
Total Equity	13 461 000	12 762 000	13 371 000	12 984 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	408 000	548 000	683 000	2 413 000
Creditors	500 000	355 000	393 000	240 000
Unpaid Taxes	332 000	452 000	491 000	394 000
Dividends	0	0	0	0
Other Current Debt	371 000	366 000	325 000	378 000
Total Current Debt	1 414 000	1 578 000	1 402 000	1 144 000
Total Equity and Debt	15 283 000	14 887 000	15 456 000	16 541 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,2 %	10,9 %	2,89 %	4,38 %
Debt-to-Equity Ratio	0,03	0,04	0,05	0,19
Operating Profit Margin	8,38 %	16,9 %	9,12 %	6,05 %
Current Ratio	5,22	4,31	5,16	6,45
Quick Ratio	−2,17	−2,66	−3,08	−2,65
Equity Ratio	0,88	0,86	0,87	0,78
Gross Profit Margin	52,5 %	58,79 %	48,71 %	52,38 %