CORTEZZI AS

1153 OSLO

Finances

Share Ownership

Return on Equity

19,22 %

Current Ratio

3,06

Debt-to-Equity Ratio

0,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 050 000	18 067 000	18 327 000	11 352 000
Net Income	1 407 000	1 694 000	1 005 000	1 360 000
Total Assets	14 348 000	14 174 000	12 915 000	11 869 000
Total Equity	7 319 000	5 912 000	4 217 000	3 212 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 050 000	18 067 000	18 327 000	11 352 000
Expenditure	18 946 000	15 666 000	16 616 000	9 445 000
Operating Profit	2 105 000	2 401 000	1 709 000	1 906 000
Financial Income	68 000	100 000	37 000	6 000
Financial Costs	368 000	328 000	460 000	174 000
Financial Balance	−300 000	−228 000	−423 000	−168 000
Earnings Before Tax	1 805 000	2 172 000	1 286 000	1 738 000
Tax	397 000	478 000	281 000	379 000
Net Income	1 407 000	1 694 000	1 005 000	1 360 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 312 000	2 240 000	2 737 000	3 234 000
Total Current Assets	11 036 000	11 934 000	10 178 000	8 635 000
Total Assets	14 348 000	14 174 000	12 915 000	11 869 000
Total Retained Equity	4 408 000	3 001 000	1 306 000	301 000
Total Equity	7 319 000	5 912 000	4 217 000	3 212 000
Total Long-Term Debt	3 420 000	4 599 000	5 404 000	4 928 000
Total Current Debt	3 609 000	3 664 000	3 294 000	3 729 000
Total Equity and Debt	14 348 000	14 174 000	12 915 000	11 869 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 047 000	17 784 000	18 045 000	11 349 000
Other Income	3 000	284 000	281 000	2 000
Revenue	21 050 000	18 067 000	18 327 000	11 352 000
Cost of Goods Sold	11 996 000	10 071 000	10 993 000	6 415 000
Salary Costs	2 120 000	1 767 000	2 351 000	1 154 000
Depreciation	737 000	497 000	497 000	246 000
Impairment	0	0	0	0
Expenditure	18 946 000	15 666 000	16 616 000	9 445 000
Operating Profit	2 105 000	2 401 000	1 709 000	1 906 000
Financial Income	68 000	100 000	37 000	6 000
Financial Costs	368 000	328 000	460 000	174 000
Financial Balance	−300 000	−228 000	−423 000	−168 000
Dividends	0	0	0	0
Net Income	1 407 000	1 694 000	1 005 000	1 360 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	1 676 000	2 134 000	2 591 000	3 048 000
Total Intangible Assets	1 676 000	2 134 000	2 591 000	3 048 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 298 000	107 000	147 000	187 000
Total Tangible Assets	1 298 000	107 000	147 000	187 000
Total Fiancial Fixed Assets	337 000	0	0	0
Total Fixed Assets	3 312 000	2 240 000	2 737 000	3 234 000
Stock	8 417 000	8 287 000	6 565 000	6 717 000
Total Investments	0	0	0	0
Cash, Bank	1 174 000	2 466 000	2 382 000	386 000
Total Current Assets	11 036 000	11 934 000	10 178 000	8 635 000
Total Assets	14 348 000	14 174 000	12 915 000	11 869 000
Total Equity	7 319 000	5 912 000	4 217 000	3 212 000
Short-Term Group Debt	652 000	673 000	718 000	1 530 000
Total Long-Term Debt	3 420 000	4 599 000	5 404 000	4 928 000
Creditors	1 437 000	1 061 000	833 000	925 000
Unpaid Taxes	704 000	1 042 000	901 000	740 000
Dividends	0	0	0	0
Other Current Debt	397 000	399 000	572 000	534 000
Total Current Debt	3 609 000	3 664 000	3 294 000	3 729 000
Total Equity and Debt	14 348 000	14 174 000	12 915 000	11 869 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,22 %	28,65 %	23,83 %	42,34 %
Debt-to-Equity Ratio	0,47	0,78	1,28	1,53
Operating Profit Margin	10 %	13,29 %	9,33 %	16,79 %
Current Ratio	3,06	3,26	3,09	2,32
Quick Ratio	−2,3	−2,58	−3,11	−2,89
Equity Ratio	0,51	0,42	0,33	0,27
Gross Profit Margin	43,01 %	44,26 %	40,02 %	43,49 %