RECO AS

3940 PORSGRUNN

Finances

Share Ownership

Return on Equity

73,27 %

Current Ratio

1,67

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 724 000	1 954 000	2 439 000	2 409 000
Net Income	329 000	−416 000	−179 000	70 000
Total Assets	822 000	531 000	891 000	1 296 000
Total Equity	449 000	120 000	536 000	715 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 724 000	1 954 000	2 439 000	2 409 000
Expenditure	1 390 000	2 367 000	2 614 000	2 338 000
Operating Profit	334 000	−413 000	−176 000	70 000
Financial Income	0	0	0	0
Financial Costs	5 000	4 000	3 000	0
Financial Balance	−5 000	−4 000	−3 000	0
Earnings Before Tax	329 000	−416 000	−179 000	70 000
Tax	0	0	0	0
Net Income	329 000	−416 000	−179 000	70 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	198 000	251 000	304 000	299 000
Total Current Assets	624 000	280 000	587 000	998 000
Total Assets	822 000	531 000	891 000	1 296 000
Total Retained Equity	349 000	20 000	436 000	615 000
Total Equity	449 000	120 000	536 000	715 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	373 000	411 000	355 000	581 000
Total Equity and Debt	822 000	531 000	891 000	1 296 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 694 000	1 934 000	2 399 000	2 193 000
Other Income	30 000	20 000	40 000	215 000
Revenue	1 724 000	1 954 000	2 439 000	2 409 000
Cost of Goods Sold	228 000	504 000	661 000	562 000
Salary Costs	524 000	1 188 000	1 144 000	1 143 000
Depreciation	53 000	53 000	52 000	49 000
Impairment	0	0	0	0
Expenditure	1 390 000	2 367 000	2 614 000	2 338 000
Operating Profit	334 000	−413 000	−176 000	70 000
Financial Income	0	0	0	0
Financial Costs	5 000	4 000	3 000	0
Financial Balance	−5 000	−4 000	−3 000	0
Dividends	0	0	0	0
Net Income	329 000	−416 000	−179 000	70 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	198 000	251 000	304 000	299 000
Total Tangible Assets	198 000	251 000	304 000	299 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	198 000	251 000	304 000	299 000
Stock	115 000	153 000	254 000	228 000
Total Investments	0	0	0	0
Cash, Bank	76 000	80 000	263 000	506 000
Total Current Assets	624 000	280 000	587 000	998 000
Total Assets	822 000	531 000	891 000	1 296 000
Total Equity	449 000	120 000	536 000	715 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	148 000	118 000	85 000	45 000
Unpaid Taxes	166 000	150 000	113 000	130 000
Dividends	0	0	0	0
Other Current Debt	59 000	142 000	157 000	406 000
Total Current Debt	373 000	411 000	355 000	581 000
Total Equity and Debt	822 000	531 000	891 000	1 296 000

Financial indicators	2022	2021	2020	2019
Return on Equity	73,27 %	−346,67 %	−33,4 %	9,79 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	19,37 %	−21,14 %	−7,22 %	2,91 %
Current Ratio	1,67	0,68	1,65	1,72
Quick Ratio	2,42	1,09	5,81	2,83
Equity Ratio	0,55	0,23	0,6	0,55
Gross Profit Margin	86,77 %	74,21 %	72,9 %	76,67 %