BORG FORSIKRING AS

1604 FREDRIKSTAD

Finances

Return on Equity

81,89 %

Current Ratio

1,22

Debt-to-Equity Ratio

1,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 150 000	11 185 000	13 493 000	13 323 000
Net Income	651 000	−132 000	755 000	549 000
Total Assets	4 586 000	4 028 000	3 702 000	3 221 000
Total Equity	795 000	825 000	958 000	779 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 150 000	11 185 000	13 493 000	13 323 000
Expenditure	11 296 000	11 312 000	12 485 000	12 594 000
Operating Profit	854 000	−127 000	1 008 000	728 000
Financial Income	11 000	0	3 000	7 000
Financial Costs	33 000	6 000	1 000	0
Financial Balance	−22 000	−6 000	2 000	7 000
Earnings Before Tax	833 000	−132 000	1 011 000	735 000
Tax	181 000	0	256 000	186 000
Net Income	651 000	−132 000	755 000	549 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	937 000	1 158 000	28 000	23 000
Total Current Assets	3 650 000	2 869 000	3 674 000	3 198 000
Total Assets	4 586 000	4 028 000	3 702 000	3 221 000
Total Retained Equity	695 000	725 000	858 000	679 000
Total Equity	795 000	825 000	958 000	779 000
Total Long-Term Debt	802 000	879 000	0	0
Total Current Debt	2 989 000	2 323 000	2 744 000	2 441 000
Total Equity and Debt	4 586 000	4 028 000	3 702 000	3 221 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	12 150 000	11 185 000	13 493 000	13 323 000
Revenue	12 150 000	11 185 000	13 493 000	13 323 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 825 000	9 894 000	11 215 000	10 967 000
Depreciation	245 000	55 000	12 000	12 000
Impairment	0	0	0	0
Expenditure	11 296 000	11 312 000	12 485 000	12 594 000
Operating Profit	854 000	−127 000	1 008 000	728 000
Financial Income	11 000	0	3 000	7 000
Financial Costs	33 000	6 000	1 000	0
Financial Balance	−22 000	−6 000	2 000	7 000
Dividends	600 000	0	500 000	0
Net Income	651 000	−132 000	755 000	549 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	21 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	914 000	1 157 000	27 000	22 000
Total Tangible Assets	936 000	1 157 000	27 000	22 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	937 000	1 158 000	28 000	23 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 952 000	2 059 000	2 755 000	2 356 000
Total Current Assets	3 650 000	2 869 000	3 674 000	3 198 000
Total Assets	4 586 000	4 028 000	3 702 000	3 221 000
Total Equity	795 000	825 000	958 000	779 000
Short-Term Group Debt	203 000	99 000	99 000	15 000
Total Long-Term Debt	802 000	879 000	0	0
Creditors	43 000	88 000	117 000	123 000
Unpaid Taxes	711 000	789 000	934 000	957 000
Dividends	600 000	0	500 000	0
Other Current Debt	1 309 000	1 347 000	1 359 000	1 159 000
Total Current Debt	2 989 000	2 323 000	2 744 000	2 441 000
Total Equity and Debt	4 586 000	4 028 000	3 702 000	3 221 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,89 %	−16 %	78,81 %	70,47 %
Debt-to-Equity Ratio	1,01	1,07	0	0
Operating Profit Margin	7,03 %	−1,14 %	7,47 %	5,46 %
Current Ratio	1,22	1,24	1,34	1,31
Quick Ratio	1,22	1,24	1,34	1,31
Equity Ratio	0,17	0,2	0,26	0,24
Gross Profit Margin	100 %	100 %	100 %	100 %