EPAX NORWAY AS

6006 ÅLESUND

Finances

Share Ownership

Return on Equity

31,35 %

Current Ratio

3,67

Debt-to-Equity Ratio

1,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	642 217 000	582 801 000	483 039 000	417 797 000
Net Income	112 379 000	112 657 000	97 964 000	47 838 000
Total Assets	1 007 643 000	837 893 000	768 679 000	629 564 000
Total Equity	358 423 000	308 444 000	210 813 000	184 995 000

Income (NOK)	2022	2021	2020	2019
Revenue	642 217 000	582 801 000	483 039 000	417 797 000
Expenditure	454 743 000	428 078 000	344 461 000	346 648 000
Operating Profit	187 475 000	154 723 000	138 578 000	71 149 000
Financial Income	4 368 000	147 000	866 000	1 808 000
Financial Costs	47 842 000	11 304 000	14 523 000	12 162 000
Financial Balance	−43 474 000	−11 157 000	−13 657 000	−10 354 000
Earnings Before Tax	144 000 000	143 565 000	124 921 000	60 796 000
Tax	31 621 000	30 909 000	26 957 000	12 958 000
Net Income	112 379 000	112 657 000	97 964 000	47 838 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	377 872 000	347 516 000	275 278 000	138 904 000
Total Current Assets	629 770 000	490 377 000	493 400 000	490 660 000
Total Assets	1 007 643 000	837 893 000	768 679 000	629 564 000
Total Retained Equity	238 909 000	188 930 000	91 298 000	65 480 000
Total Equity	358 423 000	308 444 000	210 813 000	184 995 000
Total Long-Term Debt	477 706 000	443 506 000	429 983 000	417 460 000
Total Current Debt	171 514 000	85 943 000	127 883 000	27 110 000
Total Equity and Debt	1 007 643 000	837 893 000	768 679 000	629 564 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	642 217 000	582 801 000	483 039 000	417 797 000
Other Income	0	0	0	0
Revenue	642 217 000	582 801 000	483 039 000	417 797 000
Cost of Goods Sold	302 471 000	303 886 000	233 969 000	240 292 000
Salary Costs	74 166 000	70 088 000	66 808 000	62 572 000
Depreciation	23 472 000	11 523 000	4 045 000	2 802 000
Impairment	0	0	0	0
Expenditure	454 743 000	428 078 000	344 461 000	346 648 000
Operating Profit	187 475 000	154 723 000	138 578 000	71 149 000
Financial Income	4 368 000	147 000	866 000	1 808 000
Financial Costs	47 842 000	11 304 000	14 523 000	12 162 000
Financial Balance	−43 474 000	−11 157 000	−13 657 000	−10 354 000
Dividends	0	0	0	0
Net Income	112 379 000	112 657 000	97 964 000	47 838 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 474 000	16 394 000	18 443 000	23 283 000
Real Eastate	36 740 000	36 210 000	30 453 000	28 683 000
Machinery and Plant Facilities	328 104 000	294 387 000	225 591 000	85 716 000
Fixtures	257 000	367 000	597 000	828 000
Total Tangible Assets	365 102 000	330 963 000	256 642 000	115 227 000
Total Fiancial Fixed Assets	297 000	159 000	194 000	394 000
Total Fixed Assets	377 872 000	347 516 000	275 278 000	138 904 000
Stock	538 711 000	372 345 000	306 095 000	267 212 000
Total Investments	0	0	0	0
Cash, Bank	2 860 000	2 891 000	2 552 000	2 276 000
Total Current Assets	629 770 000	490 377 000	493 400 000	490 660 000
Total Assets	1 007 643 000	837 893 000	768 679 000	629 564 000
Total Equity	358 423 000	308 444 000	210 813 000	184 995 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	477 706 000	443 506 000	429 983 000	417 460 000
Creditors	54 423 000	26 171 000	19 975 000	13 007 000
Unpaid Taxes	4 467 000	4 683 000	3 838 000	3 482 000
Dividends	0	0	0	0
Other Current Debt	110 660 000	47 144 000	101 620 000	10 251 000
Total Current Debt	171 514 000	85 943 000	127 883 000	27 110 000
Total Equity and Debt	1 007 643 000	837 893 000	768 679 000	629 564 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,35 %	36,52 %	46,47 %	25,86 %
Debt-to-Equity Ratio	1,33	1,44	2,04	2,26
Operating Profit Margin	29,19 %	26,55 %	28,69 %	17,03 %
Current Ratio	3,67	5,71	3,86	18,1
Quick Ratio	−1,72	−1,71	−2,77	−2,04
Equity Ratio	0,36	0,37	0,27	0,29
Gross Profit Margin	52,9 %	47,86 %	51,56 %	42,49 %