PROPANSERVICE AS

2010 STRØMMEN

Finances

Share Ownership

Return on Equity

232,48 %

Current Ratio

1,19

Debt-to-Equity Ratio

0,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 015 000	5 391 000	5 635 000	5 571 000
Net Income	1 181 000	981 000	901 000	978 000
Total Assets	3 275 000	2 603 000	2 408 000	2 509 000
Total Equity	508 000	427 000	346 000	245 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 015 000	5 391 000	5 635 000	5 571 000
Expenditure	6 492 000	4 124 000	4 473 000	4 369 000
Operating Profit	1 522 000	1 266 000	1 162 000	1 203 000
Financial Income	0	0	1 000	1 000
Financial Costs	9 000	8 000	4 000	0
Financial Balance	−9 000	−8 000	−3 000	1 000
Earnings Before Tax	1 513 000	1 258 000	1 159 000	1 203 000
Tax	332 000	277 000	258 000	225 000
Net Income	1 181 000	981 000	901 000	978 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	146 000	186 000	240 000	39 000
Total Current Assets	3 129 000	2 417 000	2 169 000	2 470 000
Total Assets	3 275 000	2 603 000	2 408 000	2 509 000
Total Retained Equity	408 000	327 000	246 000	145 000
Total Equity	508 000	427 000	346 000	245 000
Total Long-Term Debt	133 000	182 000	226 000	0
Total Current Debt	2 634 000	1 994 000	1 836 000	2 265 000
Total Equity and Debt	3 275 000	2 603 000	2 408 000	2 509 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 993 000	5 291 000	5 632 000	5 569 000
Other Income	22 000	100 000	3 000	2 000
Revenue	8 015 000	5 391 000	5 635 000	5 571 000
Cost of Goods Sold	3 064 000	1 890 000	1 620 000	1 542 000
Salary Costs	2 694 000	1 565 000	2 138 000	2 293 000
Depreciation	56 000	53 000	19 000	8 000
Impairment	0	0	0	0
Expenditure	6 492 000	4 124 000	4 473 000	4 369 000
Operating Profit	1 522 000	1 266 000	1 162 000	1 203 000
Financial Income	0	0	1 000	1 000
Financial Costs	9 000	8 000	4 000	0
Financial Balance	−9 000	−8 000	−3 000	1 000
Dividends	1 100 000	900 000	800 000	1 200 000
Net Income	1 181 000	981 000	901 000	978 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	146 000	186 000	240 000	32 000
Total Tangible Assets	146 000	186 000	240 000	32 000
Total Fiancial Fixed Assets	0	0	0	7 000
Total Fixed Assets	146 000	186 000	240 000	39 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 770 000	2 270 000	1 773 000	2 040 000
Total Current Assets	3 129 000	2 417 000	2 169 000	2 470 000
Total Assets	3 275 000	2 603 000	2 408 000	2 509 000
Total Equity	508 000	427 000	346 000	245 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	133 000	182 000	226 000	0
Creditors	363 000	129 000	37 000	131 000
Unpaid Taxes	475 000	393 000	404 000	405 000
Dividends	1 100 000	900 000	800 000	1 200 000
Other Current Debt	364 000	295 000	336 000	303 000
Total Current Debt	2 634 000	1 994 000	1 836 000	2 265 000
Total Equity and Debt	3 275 000	2 603 000	2 408 000	2 509 000

Financial indicators	2022	2021	2020	2019
Return on Equity	232,48 %	229,74 %	260,4 %	399,18 %
Debt-to-Equity Ratio	0,26	0,43	0,65	0
Operating Profit Margin	18,99 %	23,48 %	20,62 %	21,59 %
Current Ratio	1,19	1,21	1,18	1,09
Quick Ratio	1,19	1,21	1,18	1,09
Equity Ratio	0,16	0,16	0,14	0,1
Gross Profit Margin	61,77 %	64,94 %	71,25 %	72,32 %