SIGURD SELAND SMIE & MEK VERKSTED AS

4580 LYNGDAL

Finances

Return on Equity

21,6 %

Current Ratio

2,03

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 223 000	35 499 000	37 358 000	49 334 000
Net Income	2 382 000	1 626 000	1 276 000	7 495 000
Total Assets	25 184 000	20 140 000	18 873 000	26 107 000
Total Equity	11 028 000	10 354 000	8 728 000	8 700 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 223 000	35 499 000	37 358 000	49 334 000
Expenditure	37 912 000	33 349 000	35 713 000	39 609 000
Operating Profit	3 312 000	2 150 000	1 647 000	9 725 000
Financial Income	6 000	28 000	92 000	10 000
Financial Costs	259 000	88 000	98 000	126 000
Financial Balance	−253 000	−60 000	−6 000	−116 000
Earnings Before Tax	3 059 000	2 090 000	1 640 000	9 609 000
Tax	678 000	463 000	364 000	2 114 000
Net Income	2 382 000	1 626 000	1 276 000	7 495 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 004 000	1 271 000	1 066 000	863 000
Total Current Assets	24 180 000	18 869 000	17 807 000	25 244 000
Total Assets	25 184 000	20 140 000	18 873 000	26 107 000
Total Retained Equity	9 823 000	9 149 000	7 523 000	7 495 000
Total Equity	11 028 000	10 354 000	8 728 000	8 700 000
Total Long-Term Debt	2 254 000	2 175 000	2 488 000	2 939 000
Total Current Debt	11 902 000	7 611 000	7 657 000	14 468 000
Total Equity and Debt	25 184 000	20 140 000	18 873 000	26 107 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 145 000	35 496 000	37 353 000	49 334 000
Other Income	79 000	3 000	5 000	0
Revenue	41 223 000	35 499 000	37 358 000	49 334 000
Cost of Goods Sold	11 959 000	10 859 000	12 764 000	13 134 000
Salary Costs	17 484 000	15 967 000	16 142 000	19 543 000
Depreciation	261 000	266 000	208 000	182 000
Impairment	0	0	0	0
Expenditure	37 912 000	33 349 000	35 713 000	39 609 000
Operating Profit	3 312 000	2 150 000	1 647 000	9 725 000
Financial Income	6 000	28 000	92 000	10 000
Financial Costs	259 000	88 000	98 000	126 000
Financial Balance	−253 000	−60 000	−6 000	−116 000
Dividends	670 000	0	0	4 600 000
Net Income	2 382 000	1 626 000	1 276 000	7 495 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	6 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	979 000	1 240 000	1 041 000	838 000
Total Tangible Assets	979 000	1 240 000	1 041 000	838 000
Total Fiancial Fixed Assets	25 000	25 000	25 000	25 000
Total Fixed Assets	1 004 000	1 271 000	1 066 000	863 000
Stock	15 513 000	10 323 000	9 583 000	11 596 000
Total Investments	0	0	0	0
Cash, Bank	615 000	1 779 000	2 359 000	2 976 000
Total Current Assets	24 180 000	18 869 000	17 807 000	25 244 000
Total Assets	25 184 000	20 140 000	18 873 000	26 107 000
Total Equity	11 028 000	10 354 000	8 728 000	8 700 000
Short-Term Group Debt	1 730 000	0	1 600 000	4 600 000
Total Long-Term Debt	2 254 000	2 175 000	2 488 000	2 939 000
Creditors	4 744 000	2 739 000	1 704 000	2 721 000
Unpaid Taxes	2 119 000	2 004 000	1 970 000	2 934 000
Dividends	670 000	0	0	4 600 000
Other Current Debt	3 309 000	2 386 000	2 220 000	2 173 000
Total Current Debt	11 902 000	7 611 000	7 657 000	14 468 000
Total Equity and Debt	25 184 000	20 140 000	18 873 000	26 107 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,6 %	15,7 %	14,62 %	86,15 %
Debt-to-Equity Ratio	0,2	0,21	0,29	0,34
Operating Profit Margin	8,03 %	6,06 %	4,41 %	19,71 %
Current Ratio	2,03	2,48	2,33	1,74
Quick Ratio	−6,7	−6,96	−9,25	8,79
Equity Ratio	0,44	0,51	0,46	0,33
Gross Profit Margin	70,99 %	69,41 %	65,83 %	73,38 %