ALGECO NORWAY HOLDING AS

4033 STAVANGER

Finances

Return on Equity

2,9 %

Current Ratio

1,43

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	742 086 000	748 181 000
Net Income	40 569 000	−1 281 000	9 500 000	23 042 000
Total Assets	1 563 836 000	1 557 154 000	1 494 868 000	1 505 208 000
Total Equity	1 400 019 000	1 390 665 000	523 675 000	441 621 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	742 086 000	748 181 000
Expenditure	1 605 000	1 333 000	688 796 000	672 930 000
Operating Profit	−1 605 000	−1 333 000	53 290 000	75 251 000
Financial Income	54 617 000	109 000	2 937 000	6 237 000
Financial Costs	1 000 000	417 000	38 276 000	47 355 000
Financial Balance	53 617 000	−308 000	−35 339 000	−41 118 000
Earnings Before Tax	52 011 000	−1 641 000	17 951 000	34 133 000
Tax	11 442 000	−360 000	8 451 000	11 091 000
Net Income	40 569 000	−1 281 000	9 500 000	23 042 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 506 371 000	1 556 835 000	1 278 120 000	1 312 183 000
Total Current Assets	57 465 000	319 000	216 748 000	193 025 000
Total Assets	1 563 836 000	1 557 154 000	1 494 868 000	1 505 208 000
Total Retained Equity	9 354 000	0	−51 614 000	−69 402 000
Total Equity	1 400 019 000	1 390 665 000	523 675 000	441 621 000
Total Long-Term Debt	123 520 000	161 270 000	204 422 000	765 269 000
Total Current Debt	40 297 000	5 219 000	766 771 000	298 318 000
Total Equity and Debt	1 563 836 000	1 557 154 000	1 494 868 000	1 505 208 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	742 086 000	748 181 000
Other Income	0	0	0	0
Revenue	0	0	742 086 000	748 181 000
Cost of Goods Sold	0	0	407 154 000	404 226 000
Salary Costs	0	0	84 616 000	78 421 000
Depreciation	0	0	141 675 000	147 547 000
Impairment	0	0	17 995 000	0
Expenditure	1 605 000	1 333 000	688 796 000	672 930 000
Operating Profit	−1 605 000	−1 333 000	53 290 000	75 251 000
Financial Income	54 617 000	109 000	2 937 000	6 237 000
Financial Costs	1 000 000	417 000	38 276 000	47 355 000
Financial Balance	53 617 000	−308 000	−35 339 000	−41 118 000
Dividends	0	0	0	0
Net Income	40 569 000	−1 281 000	9 500 000	23 042 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	299 678 000	299 678 000
Total Intangible Assets	419 000	2 892 000	312 477 000	337 277 000
Real Eastate	0	0	2 854 000	2 764 000
Machinery and Plant Facilities	0	0	7 557 000	6 760 000
Fixtures	0	0	955 189 000	957 248 000
Total Tangible Assets	0	0	965 600 000	966 772 000
Total Fiancial Fixed Assets	1 505 952 000	1 553 943 000	43 000	8 134 000
Total Fixed Assets	1 506 371 000	1 556 835 000	1 278 120 000	1 312 183 000
Stock	0	0	47 203 000	42 539 000
Total Investments	0	0	0	0
Cash, Bank	32 000	300 000	57 547 000	28 672 000
Total Current Assets	57 465 000	319 000	216 748 000	193 025 000
Total Assets	1 563 836 000	1 557 154 000	1 494 868 000	1 505 208 000
Total Equity	1 400 019 000	1 390 665 000	523 675 000	441 621 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	123 520 000	161 270 000	204 422 000	765 269 000
Creditors	113 000	5 219 000	59 034 000	72 103 000
Unpaid Taxes	0	0	4 940 000	9 763 000
Dividends	0	0	0	0
Other Current Debt	40 019 000	0	87 268 000	78 328 000
Total Current Debt	40 297 000	5 219 000	766 771 000	298 318 000
Total Equity and Debt	1 563 836 000	1 557 154 000	1 494 868 000	1 505 208 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,9 %	−0,09 %	1,81 %	5,22 %
Debt-to-Equity Ratio	0,09	0,12	0,39	1,73
Operating Profit Margin	-	-	7,18 %	10,06 %
Current Ratio	1,43	0,06	0,28	0,65
Quick Ratio	1,43	0,06	0,3	0,75
Equity Ratio	0,9	0,89	0,35	0,29
Gross Profit Margin	-	-	45,13 %	45,97 %