CORMORAN AS

6040 VIGRA

Finances

Share Ownership

Return on Equity

43,13 %

Current Ratio

0,2

Debt-to-Equity Ratio

1,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 824 000	11 698 000	11 188 000	7 954 000
Net Income	2 827 000	5 077 000	4 422 000	2 406 000
Total Assets	27 040 000	48 605 000	51 462 000	50 844 000
Total Equity	6 554 000	11 441 000	14 704 000	12 862 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 824 000	11 698 000	11 188 000	7 954 000
Expenditure	4 739 000	4 344 000	4 542 000	3 600 000
Operating Profit	4 084 000	7 354 000	6 646 000	4 355 000
Financial Income	3 000	3 000	4 000	7 000
Financial Costs	512 000	848 000	980 000	1 277 000
Financial Balance	−509 000	−845 000	−976 000	−1 270 000
Earnings Before Tax	3 575 000	6 509 000	5 670 000	3 085 000
Tax	748 000	1 432 000	1 247 000	679 000
Net Income	2 827 000	5 077 000	4 422 000	2 406 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 472 000	43 604 000	46 639 000	46 538 000
Total Current Assets	1 568 000	5 001 000	4 824 000	4 305 000
Total Assets	27 040 000	48 605 000	51 462 000	50 844 000
Total Retained Equity	0	8 505 000	11 767 000	9 925 000
Total Equity	6 554 000	11 441 000	14 704 000	12 862 000
Total Long-Term Debt	12 578 000	29 239 000	31 461 000	32 594 000
Total Current Debt	7 908 000	7 925 000	5 297 000	5 388 000
Total Equity and Debt	27 040 000	48 605 000	51 462 000	50 844 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 000	67 000	26 000	81 000
Other Income	8 802 000	11 631 000	11 162 000	7 873 000
Revenue	8 824 000	11 698 000	11 188 000	7 954 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 966 000	1 861 000	1 825 000	1 469 000
Depreciation	813 000	734 000	732 000	721 000
Impairment	0	0	0	0
Expenditure	4 739 000	4 344 000	4 542 000	3 600 000
Operating Profit	4 084 000	7 354 000	6 646 000	4 355 000
Financial Income	3 000	3 000	4 000	7 000
Financial Costs	512 000	848 000	980 000	1 277 000
Financial Balance	−509 000	−845 000	−976 000	−1 270 000
Dividends	0	0	2 000 000	1 500 000
Net Income	2 827 000	5 077 000	4 422 000	2 406 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	22 775 000	43 485 000	44 176 000	44 867 000
Machinery and Plant Facilities	0	0	28 000	0
Fixtures	20 000	95 000	110 000	147 000
Total Tangible Assets	22 795 000	43 579 000	44 314 000	45 013 000
Total Fiancial Fixed Assets	2 677 000	25 000	2 325 000	1 525 000
Total Fixed Assets	25 472 000	43 604 000	46 639 000	46 538 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 293 000	4 591 000	2 637 000	3 215 000
Total Current Assets	1 568 000	5 001 000	4 824 000	4 305 000
Total Assets	27 040 000	48 605 000	51 462 000	50 844 000
Total Equity	6 554 000	11 441 000	14 704 000	12 862 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 578 000	29 239 000	31 461 000	32 594 000
Creditors	551 000	199 000	676 000	204 000
Unpaid Taxes	377 000	564 000	506 000	122 000
Dividends	0	0	2 000 000	1 500 000
Other Current Debt	3 073 000	712 000	239 000	2 838 000
Total Current Debt	7 908 000	7 925 000	5 297 000	5 388 000
Total Equity and Debt	27 040 000	48 605 000	51 462 000	50 844 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,13 %	44,38 %	30,07 %	18,71 %
Debt-to-Equity Ratio	1,92	2,56	2,14	2,53
Operating Profit Margin	46,28 %	62,87 %	59,4 %	54,75 %
Current Ratio	0,2	0,63	0,91	0,8
Quick Ratio	0,2	0,63	0,91	0,8
Equity Ratio	0,24	0,24	0,29	0,25
Gross Profit Margin	100 %	100 %	100 %	100 %