SIMCO AS

1640 RÅDE

Finances

Return on Equity

46,05 %

Current Ratio

3,38

Debt-to-Equity Ratio

0,24

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 230 000	7 979 000	4 726 000	5 232 000
Net Income	2 168 000	1 002 000	3 000	80 000
Total Assets	7 125 000	3 989 000	3 624 000	3 768 000
Total Equity	4 708 000	2 540 000	1 538 000	1 535 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 230 000	7 979 000	4 726 000	5 232 000
Expenditure	6 447 000	6 673 000	4 655 000	4 920 000
Operating Profit	2 783 000	1 306 000	49 000	162 000
Financial Income	36 000	7 000	5 000	2 000
Financial Costs	33 000	25 000	47 000	58 000
Financial Balance	3 000	−18 000	−42 000	−56 000
Earnings Before Tax	2 786 000	1 288 000	7 000	106 000
Tax	618 000	286 000	4 000	25 000
Net Income	2 168 000	1 002 000	3 000	80 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 807 000	1 719 000	971 000	1 323 000
Total Current Assets	4 318 000	2 271 000	2 653 000	2 445 000
Total Assets	7 125 000	3 989 000	3 624 000	3 768 000
Total Retained Equity	4 008 000	1 840 000	838 000	835 000
Total Equity	4 708 000	2 540 000	1 538 000	1 535 000
Total Long-Term Debt	1 139 000	488 000	1 223 000	1 419 000
Total Current Debt	1 278 000	961 000	863 000	815 000
Total Equity and Debt	7 125 000	3 989 000	3 624 000	3 768 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 230 000	6 277 000	4 507 000	5 123 000
Other Income	0	1 702 000	218 000	109 000
Revenue	9 230 000	7 979 000	4 726 000	5 232 000
Cost of Goods Sold	1 079 000	1 866 000	741 000	882 000
Salary Costs	3 339 000	3 148 000	2 950 000	2 930 000
Depreciation	190 000	31 000	78 000	93 000
Impairment	0	0	0	0
Expenditure	6 447 000	6 673 000	4 655 000	4 920 000
Operating Profit	2 783 000	1 306 000	49 000	162 000
Financial Income	36 000	7 000	5 000	2 000
Financial Costs	33 000	25 000	47 000	58 000
Financial Balance	3 000	−18 000	−42 000	−56 000
Dividends	0	0	0	0
Net Income	2 168 000	1 002 000	3 000	80 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	395 000	682 000	686 000
Real Eastate	176 000	0	236 000	236 000
Machinery and Plant Facilities	476 000	58 000	29 000	41 000
Fixtures	505 000	115 000	24 000	360 000
Total Tangible Assets	1 157 000	173 000	289 000	638 000
Total Fiancial Fixed Assets	1 650 000	1 150 000	0	0
Total Fixed Assets	2 807 000	1 719 000	971 000	1 323 000
Stock	584 000	570 000	1 759 000	1 461 000
Total Investments	0	0	0	0
Cash, Bank	3 473 000	1 476 000	641 000	866 000
Total Current Assets	4 318 000	2 271 000	2 653 000	2 445 000
Total Assets	7 125 000	3 989 000	3 624 000	3 768 000
Total Equity	4 708 000	2 540 000	1 538 000	1 535 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 139 000	488 000	1 223 000	1 419 000
Creditors	401 000	236 000	177 000	126 000
Unpaid Taxes	494 000	324 000	340 000	345 000
Dividends	0	0	0	0
Other Current Debt	381 000	401 000	345 000	344 000
Total Current Debt	1 278 000	961 000	863 000	815 000
Total Equity and Debt	7 125 000	3 989 000	3 624 000	3 768 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,05 %	39,45 %	0,2 %	5,21 %
Debt-to-Equity Ratio	0,24	0,19	0,8	0,92
Operating Profit Margin	30,15 %	16,37 %	1,04 %	3,1 %
Current Ratio	3,38	2,36	3,07	3
Quick Ratio	6,22	5,81	−2,96	−3,78
Equity Ratio	0,66	0,64	0,42	0,41
Gross Profit Margin	88,31 %	76,61 %	84,32 %	83,14 %