ALGECO NORWAY AS

4033 STAVANGER

Finances

Return on Equity

8,84 %

Current Ratio

1,33

Debt-to-Equity Ratio

0,7

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 032 395 000	859 184 000	673 630 000	674 851 000
Net Income	89 077 000	34 061 000	24 393 000	15 560 000
Total Assets	1 947 926 000	1 837 966 000	1 092 086 000	1 153 709 000
Total Equity	1 007 143 000	967 898 000	215 835 000	217 859 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 032 395 000	859 184 000	673 630 000	674 851 000
Expenditure	329 691 000	750 792 000	597 743 000	591 079 000
Operating Profit	144 550 000	108 392 000	75 887 000	83 772 000
Financial Income	3 570 000	3 234 000	3 641 000	8 045 000
Financial Costs	32 364 000	65 454 000	44 188 000	64 179 000
Financial Balance	−28 794 000	−62 220 000	−40 547 000	−56 134 000
Earnings Before Tax	115 756 000	46 172 000	35 340 000	27 638 000
Tax	26 679 000	12 111 000	10 947 000	12 078 000
Net Income	89 077 000	34 061 000	24 393 000	15 560 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 638 536 000	1 596 352 000	910 768 000	992 659 000
Total Current Assets	309 390 000	241 614 000	181 318 000	161 050 000
Total Assets	1 947 926 000	1 837 966 000	1 092 086 000	1 153 709 000
Total Retained Equity	75 413 000	34 061 000	0	0
Total Equity	1 007 143 000	967 898 000	215 835 000	217 859 000
Total Long-Term Debt	707 766 000	649 922 000	148 221 000	674 909 000
Total Current Debt	233 017 000	220 146 000	728 030 000	260 941 000
Total Equity and Debt	1 947 926 000	1 837 966 000	1 092 086 000	1 153 709 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 010 774 000	851 309 000	670 332 000	672 553 000
Other Income	21 621 000	7 875 000	3 298 000	2 298 000
Revenue	1 032 395 000	859 184 000	673 630 000	674 851 000
Cost of Goods Sold	0	436 643 000	364 777 000	358 499 000
Salary Costs	84 194 000	83 840 000	71 631 000	66 095 000
Depreciation	175 755 000	168 366 000	120 826 000	118 406 000
Impairment	2 107 000	196 000	215 000	21 000
Expenditure	329 691 000	750 792 000	597 743 000	591 079 000
Operating Profit	144 550 000	108 392 000	75 887 000	83 772 000
Financial Income	3 570 000	3 234 000	3 641 000	8 045 000
Financial Costs	32 364 000	65 454 000	44 188 000	64 179 000
Financial Balance	−28 794 000	−62 220 000	−40 547 000	−56 134 000
Dividends	0	0	0	0
Net Income	89 077 000	34 061 000	24 393 000	15 560 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	10 599 000	15 444 000	17 400 000	21 751 000
Total Intangible Assets	10 599 000	15 446 000	26 098 000	32 072 000
Real Eastate	1 799 000	1 799 000	1 799 000	1 799 000
Machinery and Plant Facilities	9 635 000	11 959 000	12 902 000	7 656 000
Fixtures	1 133 372 000	1 272 360 000	817 009 000	825 521 000
Total Tangible Assets	1 226 821 000	1 286 118 000	831 710 000	834 976 000
Total Fiancial Fixed Assets	401 116 000	294 788 000	52 960 000	125 611 000
Total Fixed Assets	1 638 536 000	1 596 352 000	910 768 000	992 659 000
Stock	60 235 000	56 731 000	43 780 000	38 614 000
Total Investments	0	0	0	0
Cash, Bank	70 834 000	40 389 000	44 797 000	20 280 000
Total Current Assets	309 390 000	241 614 000	181 318 000	161 050 000
Total Assets	1 947 926 000	1 837 966 000	1 092 086 000	1 153 709 000
Total Equity	1 007 143 000	967 898 000	215 835 000	217 859 000
Short-Term Group Debt	54 560 000	47 987 000	47 987 000	14 115 000
Total Long-Term Debt	707 766 000	649 922 000	148 221 000	674 909 000
Creditors	38 867 000	43 915 000	49 942 000	63 906 000
Unpaid Taxes	24 303 000	7 989 000	2 583 000	8 456 000
Dividends	0	0	0	0
Other Current Debt	98 756 000	96 444 000	61 518 000	55 617 000
Total Current Debt	233 017 000	220 146 000	728 030 000	260 941 000
Total Equity and Debt	1 947 926 000	1 837 966 000	1 092 086 000	1 153 709 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,84 %	3,52 %	11,3 %	7,14 %
Debt-to-Equity Ratio	0,7	0,67	0,69	3,1
Operating Profit Margin	14 %	12,62 %	11,27 %	12,41 %
Current Ratio	1,33	1,1	0,25	0,62
Quick Ratio	1,79	1,48	0,26	0,72
Equity Ratio	0,52	0,53	0,2	0,19
Gross Profit Margin	100 %	49,18 %	45,85 %	46,88 %