SHINCON AS

4022 STAVANGER

Finances

Return on Equity

11,9 %

Current Ratio

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 326 000	3 347 000	3 871 000	3 770 000
Net Income	247 000	355 000	−351 000	−38 000
Total Assets	2 758 000	2 493 000	2 218 000	2 914 000
Total Equity	2 075 000	1 827 000	1 473 000	1 824 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 326 000	3 347 000	3 871 000	3 770 000
Expenditure	3 092 000	3 026 000	3 186 000	3 779 000
Operating Profit	234 000	321 000	685 000	−8 000
Financial Income	20 000	37 000	26 000	7 000
Financial Costs	6 000	3 000	1 062 000	37 000
Financial Balance	14 000	34 000	−1 036 000	−30 000
Earnings Before Tax	247 000	355 000	−351 000	−38 000
Tax	0	0	0	0
Net Income	247 000	355 000	−351 000	−38 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	625 000	625 000	775 000	1 771 000
Total Current Assets	2 133 000	1 868 000	1 443 000	1 144 000
Total Assets	2 758 000	2 493 000	2 218 000	2 914 000
Total Retained Equity	1 061 000	813 000	459 000	810 000
Total Equity	2 075 000	1 827 000	1 473 000	1 824 000
Total Long-Term Debt	446 000	451 000	635 000	823 000
Total Current Debt	237 000	215 000	110 000	268 000
Total Equity and Debt	2 758 000	2 493 000	2 218 000	2 914 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 326 000	3 341 000	3 871 000	3 770 000
Other Income	0	6 000	0	0
Revenue	3 326 000	3 347 000	3 871 000	3 770 000
Cost of Goods Sold	1 173 000	1 344 000	1 765 000	1 944 000
Salary Costs	1 409 000	1 170 000	851 000	875 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 092 000	3 026 000	3 186 000	3 779 000
Operating Profit	234 000	321 000	685 000	−8 000
Financial Income	20 000	37 000	26 000	7 000
Financial Costs	6 000	3 000	1 062 000	37 000
Financial Balance	14 000	34 000	−1 036 000	−30 000
Dividends	0	0	0	0
Net Income	247 000	355 000	−351 000	−38 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	625 000	625 000	775 000	1 771 000
Total Fixed Assets	625 000	625 000	775 000	1 771 000
Stock	0	0	0	134 000
Total Investments	0	0	0	0
Cash, Bank	1 715 000	1 674 000	1 081 000	851 000
Total Current Assets	2 133 000	1 868 000	1 443 000	1 144 000
Total Assets	2 758 000	2 493 000	2 218 000	2 914 000
Total Equity	2 075 000	1 827 000	1 473 000	1 824 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	446 000	451 000	635 000	823 000
Creditors	8 000	7 000	−400 000	94 000
Unpaid Taxes	75 000	180 000	16 000	159 000
Dividends	0	0	0	0
Other Current Debt	154 000	29 000	494 000	14 000
Total Current Debt	237 000	215 000	110 000	268 000
Total Equity and Debt	2 758 000	2 493 000	2 218 000	2 914 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,9 %	19,43 %	−23,83 %	−2,08 %
Debt-to-Equity Ratio	0,21	0,25	0,43	0,45
Operating Profit Margin	7,04 %	9,59 %	17,7 %	−0,21 %
Current Ratio	9	8,69	13,12	4,27
Quick Ratio	9	8,69	13,12	8,54
Equity Ratio	0,75	0,73	0,66	0,63
Gross Profit Margin	64,73 %	59,84 %	54,4 %	48,44 %