CORTES AS

5034 BERGEN

Finances

Return on Equity

3,38 %

Current Ratio

10,32

Debt-to-Equity Ratio

0,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 070 000	1 540 000	1 159 000	1 753 000
Net Income	89 000	536 000	294 000	532 000
Total Assets	4 924 000	4 920 000	4 726 000	4 382 000
Total Equity	2 635 000	2 545 000	2 036 000	1 742 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 070 000	1 540 000	1 159 000	1 753 000
Expenditure	843 000	774 000	578 000	989 000
Operating Profit	226 000	766 000	581 000	764 000
Financial Income	5 000	5 000	3 000	0
Financial Costs	116 000	84 000	99 000	77 000
Financial Balance	−111 000	−79 000	−96 000	−77 000
Earnings Before Tax	115 000	687 000	485 000	688 000
Tax	25 000	151 000	191 000	155 000
Net Income	89 000	536 000	294 000	532 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 829 000	2 836 000	2 843 000	3 006 000
Total Current Assets	2 095 000	2 084 000	1 883 000	1 376 000
Total Assets	4 924 000	4 920 000	4 726 000	4 382 000
Total Retained Equity	2 535 000	2 445 000	1 936 000	1 642 000
Total Equity	2 635 000	2 545 000	2 036 000	1 742 000
Total Long-Term Debt	2 087 000	1 867 000	1 943 000	1 469 000
Total Current Debt	203 000	508 000	747 000	1 171 000
Total Equity and Debt	4 924 000	4 920 000	4 726 000	4 382 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 070 000	1 540 000	671 000	1 753 000
Other Income	0	0	488 000	0
Revenue	1 070 000	1 540 000	1 159 000	1 753 000
Cost of Goods Sold	34 000	156 000	65 000	22 000
Salary Costs	206 000	2 000	1 000	617 000
Depreciation	7 000	7 000	45 000	58 000
Impairment	0	0	0	0
Expenditure	843 000	774 000	578 000	989 000
Operating Profit	226 000	766 000	581 000	764 000
Financial Income	5 000	5 000	3 000	0
Financial Costs	116 000	84 000	99 000	77 000
Financial Balance	−111 000	−79 000	−96 000	−77 000
Dividends	0	0	0	0
Net Income	89 000	536 000	294 000	532 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	27 000
Real Eastate	2 737 000	2 744 000	2 751 000	2 758 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	129 000
Total Tangible Assets	2 737 000	2 744 000	2 751 000	2 888 000
Total Fiancial Fixed Assets	92 000	92 000	92 000	92 000
Total Fixed Assets	2 829 000	2 836 000	2 843 000	3 006 000
Stock	1 621 000	1 546 000	1 208 000	975 000
Total Investments	0	0	0	0
Cash, Bank	280 000	300 000	231 000	22 000
Total Current Assets	2 095 000	2 084 000	1 883 000	1 376 000
Total Assets	4 924 000	4 920 000	4 726 000	4 382 000
Total Equity	2 635 000	2 545 000	2 036 000	1 742 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 087 000	1 867 000	1 943 000	1 469 000
Creditors	24 000	80 000	62 000	181 000
Unpaid Taxes	38 000	99 000	49 000	95 000
Dividends	0	0	0	0
Other Current Debt	89 000	141 000	587 000	784 000
Total Current Debt	203 000	508 000	747 000	1 171 000
Total Equity and Debt	4 924 000	4 920 000	4 726 000	4 382 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,38 %	21,06 %	14,44 %	30,54 %
Debt-to-Equity Ratio	0,79	0,73	0,95	0,84
Operating Profit Margin	21,12 %	49,74 %	50,13 %	43,58 %
Current Ratio	10,32	4,1	2,52	1,18
Quick Ratio	−1,48	−2,01	−4,08	7,02
Equity Ratio	0,54	0,52	0,43	0,4
Gross Profit Margin	96,82 %	89,87 %	94,39 %	98,75 %