BORG ARMERING AS

1718 GREÅKER

Finances

Share Ownership

Return on Equity

18,23 %

Current Ratio

1,18

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 824 000	47 807 000	32 957 000	128 097 000
Net Income	1 447 000	1 056 000	571 000	7 609 000
Total Assets	18 036 000	18 116 000	18 095 000	30 960 000
Total Equity	7 939 000	7 892 000	8 836 000	9 366 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 824 000	47 807 000	32 957 000	128 097 000
Expenditure	34 031 000	46 534 000	32 273 000	118 335 000
Operating Profit	1 792 000	1 273 000	685 000	9 761 000
Financial Income	100 000	101 000	158 000	139 000
Financial Costs	6 000	1 000	96 000	125 000
Financial Balance	94 000	100 000	62 000	14 000
Earnings Before Tax	1 886 000	1 373 000	747 000	9 775 000
Tax	439 000	317 000	176 000	2 166 000
Net Income	1 447 000	1 056 000	571 000	7 609 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 508 000	8 247 000	4 492 000	6 862 000
Total Current Assets	11 528 000	9 869 000	13 602 000	24 098 000
Total Assets	18 036 000	18 116 000	18 095 000	30 960 000
Total Retained Equity	7 835 000	7 788 000	8 732 000	9 262 000
Total Equity	7 939 000	7 892 000	8 836 000	9 366 000
Total Long-Term Debt	343 000	90 000	0	2 307 000
Total Current Debt	9 754 000	10 134 000	9 258 000	19 287 000
Total Equity and Debt	18 036 000	18 116 000	18 095 000	30 960 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 577 000	47 130 000	32 403 000	127 330 000
Other Income	1 247 000	676 000	554 000	767 000
Revenue	35 824 000	47 807 000	32 957 000	128 097 000
Cost of Goods Sold	3 689 000	9 606 000	3 766 000	51 462 000
Salary Costs	24 090 000	31 598 000	23 626 000	57 724 000
Depreciation	2 024 000	1 628 000	1 548 000	2 176 000
Impairment	0	0	0	0
Expenditure	34 031 000	46 534 000	32 273 000	118 335 000
Operating Profit	1 792 000	1 273 000	685 000	9 761 000
Financial Income	100 000	101 000	158 000	139 000
Financial Costs	6 000	1 000	96 000	125 000
Financial Balance	94 000	100 000	62 000	14 000
Dividends	1 400 000	2 000 000	1 100 000	7 000 000
Net Income	1 447 000	1 056 000	571 000	7 609 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	22 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 439 000	6 255 000	3 078 000	6 550 000
Total Tangible Assets	4 439 000	6 255 000	3 078 000	6 550 000
Total Fiancial Fixed Assets	2 069 000	1 992 000	1 392 000	312 000
Total Fixed Assets	6 508 000	8 247 000	4 492 000	6 862 000
Stock	0	0	0	5 321 000
Total Investments	0	0	0	0
Cash, Bank	4 880 000	5 953 000	8 053 000	12 753 000
Total Current Assets	11 528 000	9 869 000	13 602 000	24 098 000
Total Assets	18 036 000	18 116 000	18 095 000	30 960 000
Total Equity	7 939 000	7 892 000	8 836 000	9 366 000
Short-Term Group Debt	70 000	70 000	70 000	168 000
Total Long-Term Debt	343 000	90 000	0	2 307 000
Creditors	819 000	390 000	525 000	3 153 000
Unpaid Taxes	2 989 000	2 711 000	3 430 000	2 862 000
Dividends	1 400 000	2 000 000	1 100 000	7 000 000
Other Current Debt	4 289 000	4 758 000	3 849 000	6 861 000
Total Current Debt	9 754 000	10 134 000	9 258 000	19 287 000
Total Equity and Debt	18 036 000	18 116 000	18 095 000	30 960 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,23 %	13,38 %	6,46 %	81,24 %
Debt-to-Equity Ratio	0,04	0,01	0	0,25
Operating Profit Margin	5 %	2,66 %	2,08 %	7,62 %
Current Ratio	1,18	0,97	1,47	1,25
Quick Ratio	1,18	0,97	1,47	1,73
Equity Ratio	0,44	0,44	0,49	0,3
Gross Profit Margin	89,7 %	79,91 %	88,57 %	59,83 %