PEN UNDERWRITING EUROPE AS

5059 BERGEN

Finances

Return on Equity

14,85 %

Current Ratio

2,41

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	42 282 000	30 083 000	22 301 000	19 906 000
Net Income	2 372 000	2 648 000	2 118 000	1 433 000
Total Assets	25 976 000	19 775 000	13 052 000	13 522 000
Total Equity	15 973 000	12 470 000	7 412 000	7 764 000

Income (NOK)	2022	2021	2020	2019
Revenue	42 282 000	30 083 000	22 301 000	19 906 000
Expenditure	35 095 000	25 314 000	19 307 000	17 441 000
Operating Profit	7 186 000	4 769 000	2 995 000	2 466 000
Financial Income	739 000	178 000	405 000	387 000
Financial Costs	3 313 000	227 000	36 000	55 000
Financial Balance	−2 574 000	−49 000	369 000	332 000
Earnings Before Tax	4 612 000	4 719 000	3 364 000	2 799 000
Tax	2 240 000	2 071 000	1 246 000	1 366 000
Net Income	2 372 000	2 648 000	2 118 000	1 433 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 880 000	4 627 000	3 492 000	3 475 000
Total Current Assets	24 096 000	15 148 000	9 560 000	10 047 000
Total Assets	25 976 000	19 775 000	13 052 000	13 522 000
Total Retained Equity	5 431 000	3 059 000	1 481 000	1 514 000
Total Equity	15 973 000	12 470 000	7 412 000	7 764 000
Total Long-Term Debt	0	0	872 000	1 645 000
Total Current Debt	10 003 000	7 305 000	4 768 000	4 112 000
Total Equity and Debt	25 976 000	19 775 000	13 052 000	13 522 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 572 000	150 000	162 000	77 000
Other Income	40 709 000	29 933 000	22 139 000	19 829 000
Revenue	42 282 000	30 083 000	22 301 000	19 906 000
Cost of Goods Sold	0	0	0	0
Salary Costs	23 761 000	16 599 000	13 292 000	10 877 000
Depreciation	419 000	281 000	407 000	364 000
Impairment	0	0	0	0
Expenditure	35 095 000	25 314 000	19 307 000	17 441 000
Operating Profit	7 186 000	4 769 000	2 995 000	2 466 000
Financial Income	739 000	178 000	405 000	387 000
Financial Costs	3 313 000	227 000	36 000	55 000
Financial Balance	−2 574 000	−49 000	369 000	332 000
Dividends	0	1 070 000	1 070 000	0
Net Income	2 372 000	2 648 000	2 118 000	1 433 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	111 000	275 000	390 000	506 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	532 000	336 000	366 000	585 000
Total Tangible Assets	532 000	336 000	366 000	585 000
Total Fiancial Fixed Assets	1 238 000	4 016 000	2 736 000	2 384 000
Total Fixed Assets	1 880 000	4 627 000	3 492 000	3 475 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	872 000	644 000	641 000	2 931 000
Total Current Assets	24 096 000	15 148 000	9 560 000	10 047 000
Total Assets	25 976 000	19 775 000	13 052 000	13 522 000
Total Equity	15 973 000	12 470 000	7 412 000	7 764 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	872 000	1 645 000
Creditors	1 117 000	612 000	97 000	965 000
Unpaid Taxes	1 754 000	1 405 000	1 337 000	1 034 000
Dividends	0	1 070 000	1 070 000	0
Other Current Debt	2 409 000	2 466 000	1 683 000	1 747 000
Total Current Debt	10 003 000	7 305 000	4 768 000	4 112 000
Total Equity and Debt	25 976 000	19 775 000	13 052 000	13 522 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,85 %	21,23 %	28,58 %	18,46 %
Debt-to-Equity Ratio	0	0	0,12	0,21
Operating Profit Margin	17 %	15,85 %	13,43 %	12,39 %
Current Ratio	2,41	2,07	2,01	2,44
Quick Ratio	2,41	2,07	2,01	2,44
Equity Ratio	0,61	0,63	0,57	0,57
Gross Profit Margin	100 %	100 %	100 %	100 %