SAFETBAG NORWAY AS

5006 BERGEN

Finances

Share Ownership

Return on Equity

14,92 %

Current Ratio

2,99

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 263 000	4 061 000	3 532 000	3 491 000
Net Income	446 000	1 034 000	446 000	129 000
Total Assets	4 011 000	5 364 000	3 983 000	3 579 000
Total Equity	2 990 000	2 544 000	3 009 000	2 563 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 263 000	4 061 000	3 532 000	3 491 000
Expenditure	2 678 000	2 714 000	2 952 000	3 267 000
Operating Profit	586 000	1 347 000	580 000	224 000
Financial Income	3 000	3 000	9 000	0
Financial Costs	16 000	20 000	16 000	58 000
Financial Balance	−13 000	−17 000	−7 000	−58 000
Earnings Before Tax	572 000	1 331 000	573 000	166 000
Tax	126 000	296 000	126 000	37 000
Net Income	446 000	1 034 000	446 000	129 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 906 000	1 792 000	1 756 000	2 307 000
Total Current Assets	2 105 000	3 572 000	2 227 000	1 272 000
Total Assets	4 011 000	5 364 000	3 983 000	3 579 000
Total Retained Equity	2 890 000	2 444 000	2 909 000	2 463 000
Total Equity	2 990 000	2 544 000	3 009 000	2 563 000
Total Long-Term Debt	319 000	523 000	231 000	339 000
Total Current Debt	703 000	2 297 000	743 000	677 000
Total Equity and Debt	4 011 000	5 364 000	3 983 000	3 579 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 034 000	4 061 000	3 532 000	3 346 000
Other Income	229 000	0	0	145 000
Revenue	3 263 000	4 061 000	3 532 000	3 491 000
Cost of Goods Sold	108 000	96 000	55 000	88 000
Salary Costs	1 136 000	1 118 000	1 108 000	1 365 000
Depreciation	448 000	364 000	553 000	858 000
Impairment	0	0	0	0
Expenditure	2 678 000	2 714 000	2 952 000	3 267 000
Operating Profit	586 000	1 347 000	580 000	224 000
Financial Income	3 000	3 000	9 000	0
Financial Costs	16 000	20 000	16 000	58 000
Financial Balance	−13 000	−17 000	−7 000	−58 000
Dividends	0	0	0	0
Net Income	446 000	1 034 000	446 000	129 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	65 000	99 000	97 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	45 000	70 000
Fixtures	1 901 000	1 727 000	1 612 000	2 140 000
Total Tangible Assets	1 901 000	1 727 000	1 657 000	2 210 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 906 000	1 792 000	1 756 000	2 307 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 397 000	2 788 000	1 871 000	835 000
Total Current Assets	2 105 000	3 572 000	2 227 000	1 272 000
Total Assets	4 011 000	5 364 000	3 983 000	3 579 000
Total Equity	2 990 000	2 544 000	3 009 000	2 563 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	319 000	523 000	231 000	339 000
Creditors	333 000	186 000	131 000	42 000
Unpaid Taxes	196 000	103 000	92 000	160 000
Dividends	0	0	0	0
Other Current Debt	107 000	246 000	391 000	400 000
Total Current Debt	703 000	2 297 000	743 000	677 000
Total Equity and Debt	4 011 000	5 364 000	3 983 000	3 579 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,92 %	40,64 %	14,82 %	5,03 %
Debt-to-Equity Ratio	0,11	0,21	0,08	0,13
Operating Profit Margin	17,96 %	33,17 %	16,42 %	6,42 %
Current Ratio	2,99	1,56	3	1,88
Quick Ratio	2,99	1,56	3	1,88
Equity Ratio	0,75	0,47	0,76	0,72
Gross Profit Margin	96,69 %	97,64 %	98,44 %	97,48 %