FINSAND HOLDING AS

2020 SKEDSMOKORSET

Finances

Return on Equity

9,69 %

Current Ratio

1,78

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	177 504 000	188 354 000	156 687 000	190 394 000
Net Income	4 656 000	5 814 000	1 925 000	27 789 000
Total Assets	83 788 000	87 810 000	86 010 000	91 041 000
Total Equity	48 058 000	48 159 000	44 473 000	55 970 000

Income (NOK)	2022	2021	2020	2019
Revenue	177 504 000	188 354 000	156 687 000	190 394 000
Expenditure	170 845 000	181 025 000	154 416 000	161 785 000
Operating Profit	6 660 000	7 330 000	2 271 000	28 610 000
Financial Income	241 000	153 000	235 000	62 000
Financial Costs	758 000	77 000	18 000	120 000
Financial Balance	−517 000	76 000	217 000	−58 000
Earnings Before Tax	6 142 000	7 406 000	2 488 000	28 553 000
Tax	1 486 000	1 592 000	563 000	764 000
Net Income	4 656 000	5 814 000	1 925 000	27 789 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	26 033 000	31 087 000	23 788 000	34 622 000
Total Current Assets	57 756 000	56 724 000	62 222 000	56 419 000
Total Assets	83 788 000	87 810 000	86 010 000	91 041 000
Total Retained Equity	46 470 000	46 572 000	0	54 383 000
Total Equity	48 058 000	48 159 000	44 473 000	55 970 000
Total Long-Term Debt	3 352 000	4 346 000	1 620 000	2 221 000
Total Current Debt	32 379 000	35 305 000	39 918 000	32 850 000
Total Equity and Debt	83 788 000	87 810 000	86 010 000	91 041 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	177 164 000	186 764 000	156 587 000	164 986 000
Other Income	339 000	1 591 000	100 000	25 408 000
Revenue	177 504 000	188 354 000	156 687 000	190 394 000
Cost of Goods Sold	110 473 000	127 949 000	100 319 000	99 936 000
Salary Costs	38 698 000	35 276 000	37 033 000	42 104 000
Depreciation	3 736 000	3 038 000	2 468 000	2 415 000
Impairment	0	0	0	0
Expenditure	170 845 000	181 025 000	154 416 000	161 785 000
Operating Profit	6 660 000	7 330 000	2 271 000	28 610 000
Financial Income	241 000	153 000	235 000	62 000
Financial Costs	758 000	77 000	18 000	120 000
Financial Balance	−517 000	76 000	217 000	−58 000
Dividends	5 000 000	2 000 000	2 000 000	0
Net Income	4 656 000	5 814 000	1 925 000	27 789 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 370 000	6 093 000	6 335 000	5 492 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	15 232 000	15 468 000	9 290 000	9 792 000
Total Tangible Assets	16 602 000	21 560 000	15 625 000	15 284 000
Total Fiancial Fixed Assets	9 430 000	9 526 000	8 164 000	19 339 000
Total Fixed Assets	26 033 000	31 087 000	23 788 000	34 622 000
Stock	1 700 000	1 100 000	400 000	429 000
Total Investments	0	0	0	0
Cash, Bank	17 359 000	19 704 000	34 087 000	15 671 000
Total Current Assets	57 756 000	56 724 000	62 222 000	56 419 000
Total Assets	83 788 000	87 810 000	86 010 000	91 041 000
Total Equity	48 058 000	48 159 000	44 473 000	55 970 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 352 000	4 346 000	1 620 000	2 221 000
Creditors	11 997 000	17 309 000	16 937 000	16 539 000
Unpaid Taxes	8 011 000	6 991 000	7 717 000	9 686 000
Dividends	5 000 000	2 000 000	2 000 000	0
Other Current Debt	5 530 000	7 706 000	13 263 000	6 625 000
Total Current Debt	32 379 000	35 305 000	39 918 000	32 850 000
Total Equity and Debt	83 788 000	87 810 000	86 010 000	91 041 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,69 %	12,07 %	4,33 %	49,65 %
Debt-to-Equity Ratio	0,07	0,09	0,04	0,04
Operating Profit Margin	3,75 %	3,89 %	1,45 %	15,03 %
Current Ratio	1,78	1,61	1,56	1,72
Quick Ratio	1,88	1,66	1,57	1,74
Equity Ratio	0,57	0,55	0,52	0,61
Gross Profit Margin	37,76 %	32,07 %	35,97 %	47,51 %