H. M. ALBRETSEN VERKTØYSIKRING AS

3950 BREVIK

Finances

Share Ownership

Return on Equity

50,94 %

Current Ratio

3,64

Debt-to-Equity Ratio

Key figures (NOK)	2023	2022	2020	2019
Revenue	26 839 000	21 499 000	18 894 000	21 630 000
Net Income	6 616 000	4 513 000	4 345 000	4 841 000
Total Assets	17 863 000	8 897 000	9 043 000	10 216 000
Total Equity	12 989 000	6 373 000	1 861 000	1 856 000

Income (NOK)	2023	2022	2020	2019
Revenue	26 839 000	21 499 000	18 894 000	21 630 000
Expenditure	18 496 000	15 715 000	13 329 000	15 433 000
Operating Profit	8 343 000	5 784 000	5 564 000	6 196 000
Financial Income	148 000	4 000	9 000	20 000
Financial Costs	7 000	2 000	2 000	9 000
Financial Balance	141 000	2 000	7 000	11 000
Earnings Before Tax	8 483 000	5 787 000	5 571 000	6 207 000
Tax	1 867 000	1 274 000	1 226 000	1 367 000
Net Income	6 616 000	4 513 000	4 345 000	4 841 000

Balance (NOK)	2023	2022	2020	2019
Total Fixed Assets	123 000	35 000	356 000	214 000
Total Current Assets	17 741 000	8 862 000	8 688 000	10 003 000
Total Assets	17 863 000	8 897 000	9 043 000	10 216 000
Total Retained Equity	12 785 000	6 169 000	1 657 000	1 652 000
Total Equity	12 989 000	6 373 000	1 861 000	1 856 000
Total Long-Term Debt	0	0	0	8 000
Total Current Debt	4 874 000	2 524 000	7 183 000	8 353 000
Total Equity and Debt	17 863 000	8 897 000	9 043 000	10 216 000

Cash flow (NOK)	2023	2022	2020	2019
Sales Income	26 839 000	21 485 000	18 855 000	21 630 000
Other Income	0	14 000	39 000	0
Revenue	26 839 000	21 499 000	18 894 000	21 630 000
Cost of Goods Sold	12 511 000	9 940 000	8 785 000	10 333 000
Salary Costs	4 129 000	4 072 000	3 257 000	3 826 000
Depreciation	18 000	64 000	64 000	60 000
Impairment	0	0	0	0
Expenditure	18 496 000	15 715 000	13 329 000	15 433 000
Operating Profit	8 343 000	5 784 000	5 564 000	6 196 000
Financial Income	148 000	4 000	9 000	20 000
Financial Costs	7 000	2 000	2 000	9 000
Financial Balance	141 000	2 000	7 000	11 000
Dividends	0	0	4 340 000	4 840 000
Net Income	6 616 000	4 513 000	4 345 000	4 841 000

Balance details (NOK)	2023	2022	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	27 000	9 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	96 000	27 000	91 000	114 000
Total Tangible Assets	96 000	27 000	91 000	114 000
Total Fiancial Fixed Assets	0	0	265 000	100 000
Total Fixed Assets	123 000	35 000	356 000	214 000
Stock	2 332 000	2 090 000	1 914 000	1 808 000
Total Investments	0	0	0	0
Cash, Bank	11 392 000	3 483 000	4 435 000	5 875 000
Total Current Assets	17 741 000	8 862 000	8 688 000	10 003 000
Total Assets	17 863 000	8 897 000	9 043 000	10 216 000
Total Equity	12 989 000	6 373 000	1 861 000	1 856 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	8 000
Creditors	3 121 000	959 000	850 000	891 000
Unpaid Taxes	316 000	441 000	418 000	734 000
Dividends	0	0	4 340 000	4 840 000
Other Current Debt	835 000	458 000	341 000	513 000
Total Current Debt	4 874 000	2 524 000	7 183 000	8 353 000
Total Equity and Debt	17 863 000	8 897 000	9 043 000	10 216 000

Financial indicators	2023	2022	2020	2019
Return on Equity	50,94 %	70,81 %	233,48 %	260,83 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	31,09 %	26,9 %	29,45 %	28,65 %
Current Ratio	3,64	3,51	1,21	1,2
Quick Ratio	6,98	20,42	1,65	1,53
Equity Ratio	0,73	0,72	0,21	0,18
Gross Profit Margin	53,38 %	53,77 %	53,5 %	52,23 %