PAPIRINDUSTRIENS FORSKNINGSINSTITUTT

7034 TRONDHEIM

Finances

Return on Equity

1,77 %

Current Ratio

45,82

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 714 000	6 370 000	6 284 000	6 248 000
Net Income	1 058 000	3 687 000	2 595 000	3 097 000
Total Assets	61 059 000	58 947 000	56 442 000	52 817 000
Total Equity	59 816 000	58 758 000	55 070 000	52 476 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 714 000	6 370 000	6 284 000	6 248 000
Expenditure	5 515 000	5 038 000	5 079 000	5 358 000
Operating Profit	1 199 000	1 333 000	1 205 000	891 000
Financial Income	187 000	2 659 000	1 666 000	2 457 000
Financial Costs	220 000	206 000	194 000	193 000
Financial Balance	−33 000	2 453 000	1 472 000	2 264 000
Earnings Before Tax	1 165 000	3 785 000	2 678 000	3 155 000
Tax	107 000	98 000	83 000	59 000
Net Income	1 058 000	3 687 000	2 595 000	3 097 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 099 000	4 016 000	4 605 000	5 111 000
Total Current Assets	56 960 000	54 930 000	51 838 000	47 706 000
Total Assets	61 059 000	58 947 000	56 442 000	52 817 000
Total Retained Equity	59 616 000	58 558 000	54 870 000	52 276 000
Total Equity	59 816 000	58 758 000	55 070 000	52 476 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 243 000	189 000	1 372 000	341 000
Total Equity and Debt	61 059 000	58 947 000	56 442 000	52 817 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 714 000	6 370 000	6 262 000	6 151 000
Other Income	0	0	23 000	97 000
Revenue	6 714 000	6 370 000	6 284 000	6 248 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	592 000	589 000	624 000	650 000
Impairment	0	0	0	0
Expenditure	5 515 000	5 038 000	5 079 000	5 358 000
Operating Profit	1 199 000	1 333 000	1 205 000	891 000
Financial Income	187 000	2 659 000	1 666 000	2 457 000
Financial Costs	220 000	206 000	194 000	193 000
Financial Balance	−33 000	2 453 000	1 472 000	2 264 000
Dividends	0	0	0	0
Net Income	1 058 000	3 687 000	2 595 000	3 097 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 195 000	3 733 000	4 272 000	4 810 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	808 000	187 000	238 000	206 000
Total Tangible Assets	4 003 000	3 921 000	4 509 000	5 016 000
Total Fiancial Fixed Assets	95 000	95 000	95 000	95 000
Total Fixed Assets	4 099 000	4 016 000	4 605 000	5 111 000
Stock	0	0	0	0
Total Investments	49 597 000	49 703 000	42 264 000	40 801 000
Cash, Bank	7 125 000	5 154 000	8 296 000	6 504 000
Total Current Assets	56 960 000	54 930 000	51 838 000	47 706 000
Total Assets	61 059 000	58 947 000	56 442 000	52 817 000
Total Equity	59 816 000	58 758 000	55 070 000	52 476 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 136 000	89 000	1 181 000	273 000
Unpaid Taxes	0	100 000	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	108 000	9 000
Total Current Debt	1 243 000	189 000	1 372 000	341 000
Total Equity and Debt	61 059 000	58 947 000	56 442 000	52 817 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,77 %	6,27 %	4,71 %	5,9 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,86 %	20,93 %	19,18 %	14,26 %
Current Ratio	45,82	290,63	37,78	139,9
Quick Ratio	45,82	290,63	37,78	139,9
Equity Ratio	0,98	1	0,98	0,99
Gross Profit Margin	100 %	100 %	100 %	100 %