ESPELAND AS

4373 EGERSUND

Finances

Return on Equity

35,44 %

Current Ratio

1,07

Debt-to-Equity Ratio

0,7

Key figures (NOK)	2022	2021	2020	2019
Revenue	145 346 000	120 735 000	82 264 000	101 522 000
Net Income	1 036 000	1 639 000	919 000	−4 873 000
Total Assets	25 824 000	32 973 000	29 554 000	27 195 000
Total Equity	2 923 000	7 732 000	6 092 000	4 315 000

Income (NOK)	2022	2021	2020	2019
Revenue	145 346 000	120 735 000	82 264 000	101 522 000
Expenditure	143 953 000	118 415 000	80 638 000	105 779 000
Operating Profit	1 393 000	2 320 000	1 626 000	−4 257 000
Financial Income	2 000	51 000	1 000	0
Financial Costs	67 000	337 000	708 000	616 000
Financial Balance	−65 000	−286 000	−707 000	−616 000
Earnings Before Tax	1 328 000	2 035 000	919 000	−4 873 000
Tax	293 000	395 000	0	0
Net Income	1 036 000	1 639 000	919 000	−4 873 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 411 000	6 390 000	6 166 000	3 827 000
Total Current Assets	22 413 000	26 583 000	23 388 000	23 368 000
Total Assets	25 824 000	32 973 000	29 554 000	27 195 000
Total Retained Equity	2 486 000	3 742 000	2 102 000	325 000
Total Equity	2 923 000	7 732 000	6 092 000	4 315 000
Total Long-Term Debt	2 035 000	1 729 000	1 742 000	2 125 000
Total Current Debt	20 867 000	23 512 000	21 719 000	20 755 000
Total Equity and Debt	25 824 000	32 973 000	29 554 000	27 195 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	145 346 000	120 735 000	82 264 000	101 522 000
Other Income	0	0	0	0
Revenue	145 346 000	120 735 000	82 264 000	101 522 000
Cost of Goods Sold	112 003 000	88 162 000	52 525 000	74 391 000
Salary Costs	21 287 000	22 031 000	20 530 000	21 512 000
Depreciation	529 000	438 000	356 000	280 000
Impairment	0	0	0	0
Expenditure	143 953 000	118 415 000	80 638 000	105 779 000
Operating Profit	1 393 000	2 320 000	1 626 000	−4 257 000
Financial Income	2 000	51 000	1 000	0
Financial Costs	67 000	337 000	708 000	616 000
Financial Balance	−65 000	−286 000	−707 000	−616 000
Dividends	0	0	0	0
Net Income	1 036 000	1 639 000	919 000	−4 873 000

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	2 780 000	1 941 000	1 706 000	1 242 000
Total Tangible Assets	2 780 000	1 941 000	1 706 000	1 242 000
Total Fiancial Fixed Assets	631 000	4 449 000	4 459 000	2 585 000
Total Fixed Assets	3 411 000	6 390 000	6 166 000	3 827 000
Stock	2 153 000	2 343 000	1 673 000	3 539 000
Total Investments	0	0	0	0
Cash, Bank	4 401 000	8 013 000	2 283 000	1 062 000
Total Current Assets	22 413 000	26 583 000	23 388 000	23 368 000
Total Assets	25 824 000	32 973 000	29 554 000	27 195 000
Total Equity	2 923 000	7 732 000	6 092 000	4 315 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 035 000	1 729 000	1 742 000	2 125 000
Creditors	16 324 000	13 997 000	9 350 000	2 791 000
Unpaid Taxes	1 845 000	3 347 000	2 964 000	2 565 000
Dividends	0	0	0	0
Other Current Debt	2 609 000	6 168 000	5 660 000	5 309 000
Total Current Debt	20 867 000	23 512 000	21 719 000	20 755 000
Total Equity and Debt	25 824 000	32 973 000	29 554 000	27 195 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,44 %	21,2 %	15,09 %	−112,93 %
Debt-to-Equity Ratio	0,7	0,22	0,29	0,49
Operating Profit Margin	0,96 %	1,92 %	1,98 %	−4,19 %
Current Ratio	1,07	1,13	1,08	1,13
Quick Ratio	1,2	1,26	1,17	1,36
Equity Ratio	0,11	0,23	0,21	0,16
Gross Profit Margin	22,94 %	26,98 %	36,15 %	26,72 %