SCANDINAVIAN FOREST GROUP AS

2406 ELVERUM

Finances

Share Ownership

Return on Equity

240,68 %

Current Ratio

1,14

Debt-to-Equity Ratio

2,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 634 000	8 114 000	5 572 000	9 794 000
Net Income	284 000	871 000	−289 000	−762 000
Total Assets	2 638 000	1 927 000	1 600 000	1 652 000
Total Equity	118 000	−167 000	−1 038 000	−749 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 634 000	8 114 000	5 572 000	9 794 000
Expenditure	6 267 000	7 154 000	5 757 000	10 467 000
Operating Profit	367 000	960 000	−185 000	−674 000
Financial Income	4 000	6 000	6 000	13 000
Financial Costs	87 000	95 000	110 000	100 000
Financial Balance	−83 000	−89 000	−104 000	−87 000
Earnings Before Tax	284 000	871 000	−289 000	−762 000
Tax	0	0	0	0
Net Income	284 000	871 000	−289 000	−762 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	65 000	61 000	4 000	15 000
Total Current Assets	2 573 000	1 866 000	1 597 000	1 637 000
Total Assets	2 638 000	1 927 000	1 600 000	1 652 000
Total Retained Equity	−182 000	−467 000	−1 338 000	−1 049 000
Total Equity	118 000	−167 000	−1 038 000	−749 000
Total Long-Term Debt	270 000	270 000	270 000	111 000
Total Current Debt	2 250 000	1 823 000	2 368 000	2 290 000
Total Equity and Debt	2 638 000	1 927 000	1 600 000	1 652 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 487 000	8 055 000	5 572 000	9 794 000
Other Income	147 000	59 000	0	0
Revenue	6 634 000	8 114 000	5 572 000	9 794 000
Cost of Goods Sold	2 959 000	4 453 000	3 413 000	6 791 000
Salary Costs	2 456 000	1 978 000	1 640 000	2 563 000
Depreciation	19 000	6 000	12 000	20 000
Impairment	0	0	0	0
Expenditure	6 267 000	7 154 000	5 757 000	10 467 000
Operating Profit	367 000	960 000	−185 000	−674 000
Financial Income	4 000	6 000	6 000	13 000
Financial Costs	87 000	95 000	110 000	100 000
Financial Balance	−83 000	−89 000	−104 000	−87 000
Dividends	0	0	0	0
Net Income	284 000	871 000	−289 000	−762 000

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	5 000
Fixtures	65 000	61 000	4 000	10 000
Total Tangible Assets	65 000	61 000	4 000	15 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	65 000	61 000	4 000	15 000
Stock	1 665 000	1 384 000	1 220 000	970 000
Total Investments	0	0	0	0
Cash, Bank	89 000	73 000	49 000	71 000
Total Current Assets	2 573 000	1 866 000	1 597 000	1 637 000
Total Assets	2 638 000	1 927 000	1 600 000	1 652 000
Total Equity	118 000	−167 000	−1 038 000	−749 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	270 000	270 000	270 000	111 000
Creditors	923 000	592 000	1 302 000	1 293 000
Unpaid Taxes	152 000	124 000	90 000	133 000
Dividends	0	0	0	0
Other Current Debt	233 000	349 000	269 000	265 000
Total Current Debt	2 250 000	1 823 000	2 368 000	2 290 000
Total Equity and Debt	2 638 000	1 927 000	1 600 000	1 652 000

Financial indicators	2022	2021	2020	2019
Return on Equity	240,68 %	−521,56 %	27,84 %	101,74 %
Debt-to-Equity Ratio	2,29	−1,62	−0,26	−0,15
Operating Profit Margin	5,53 %	11,83 %	−3,32 %	−6,88 %
Current Ratio	1,14	1,02	0,67	0,71
Quick Ratio	4,4	4,25	1,39	1,24
Equity Ratio	0,04	−0,09	−0,65	−0,45
Gross Profit Margin	55,4 %	45,12 %	38,75 %	30,66 %