SALONG PICASSO AS

7900 RØRVIK

Finances

Return on Equity

3,6 %

Current Ratio

2,76

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 557 000	2 550 000	2 391 000	2 778 000
Net Income	53 000	262 000	299 000	84 000
Total Assets	1 931 000	2 027 000	1 754 000	1 532 000
Total Equity	1 474 000	1 421 000	1 259 000	961 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 557 000	2 550 000	2 391 000	2 778 000
Expenditure	2 417 000	2 300 000	2 053 000	2 600 000
Operating Profit	139 000	250 000	338 000	177 000
Financial Income	3 000	70 000	37 000	2 000
Financial Costs	56 000	2 000	2 000	57 000
Financial Balance	−53 000	68 000	35 000	−55 000
Earnings Before Tax	85 000	318 000	374 000	123 000
Tax	32 000	56 000	75 000	38 000
Net Income	53 000	262 000	299 000	84 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	668 000	697 000	627 000	670 000
Total Current Assets	1 263 000	1 330 000	1 127 000	862 000
Total Assets	1 931 000	2 027 000	1 754 000	1 532 000
Total Retained Equity	1 324 000	1 271 000	1 109 000	811 000
Total Equity	1 474 000	1 421 000	1 259 000	961 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	457 000	606 000	494 000	571 000
Total Equity and Debt	1 931 000	2 027 000	1 754 000	1 532 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 557 000	2 550 000	2 356 000	2 778 000
Other Income	0	0	35 000	0
Revenue	2 557 000	2 550 000	2 391 000	2 778 000
Cost of Goods Sold	427 000	432 000	334 000	402 000
Salary Costs	1 363 000	1 196 000	1 091 000	1 471 000
Depreciation	28 000	28 000	44 000	47 000
Impairment	0	0	0	0
Expenditure	2 417 000	2 300 000	2 053 000	2 600 000
Operating Profit	139 000	250 000	338 000	177 000
Financial Income	3 000	70 000	37 000	2 000
Financial Costs	56 000	2 000	2 000	57 000
Financial Balance	−53 000	68 000	35 000	−55 000
Dividends	0	100 000	0	0
Net Income	53 000	262 000	299 000	84 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	1 000	3 000	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	167 000	196 000	224 000	268 000
Total Tangible Assets	167 000	196 000	224 000	268 000
Total Fiancial Fixed Assets	500 000	500 000	400 000	400 000
Total Fixed Assets	668 000	697 000	627 000	670 000
Stock	187 000	174 000	169 000	175 000
Total Investments	303 000	322 000	219 000	148 000
Cash, Bank	750 000	774 000	717 000	522 000
Total Current Assets	1 263 000	1 330 000	1 127 000	862 000
Total Assets	1 931 000	2 027 000	1 754 000	1 532 000
Total Equity	1 474 000	1 421 000	1 259 000	961 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	61 000	81 000	99 000	133 000
Unpaid Taxes	187 000	199 000	170 000	228 000
Dividends	0	100 000	0	0
Other Current Debt	178 000	171 000	149 000	171 000
Total Current Debt	457 000	606 000	494 000	571 000
Total Equity and Debt	1 931 000	2 027 000	1 754 000	1 532 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,6 %	18,44 %	23,75 %	8,74 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,44 %	9,8 %	14,14 %	6,37 %
Current Ratio	2,76	2,19	2,28	1,51
Quick Ratio	4,68	3,08	3,47	2,18
Equity Ratio	0,76	0,7	0,72	0,63
Gross Profit Margin	83,3 %	83,06 %	86,03 %	85,53 %