ELEMENT NOR AS

9050 STORSTEINNES

Finances

Share Ownership

Return on Equity

1,34 %

Current Ratio

0,94

Debt-to-Equity Ratio

2,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	245 356 000	187 771 000	144 803 000	120 972 000
Net Income	363 000	10 441 000	6 280 000	1 555 000
Total Assets	153 677 000	155 315 000	122 021 000	94 185 000
Total Equity	27 156 000	26 793 000	19 832 000	13 552 000

Income (NOK)	2022	2021	2020	2019
Revenue	245 356 000	187 771 000	144 803 000	120 972 000
Expenditure	243 443 000	180 603 000	134 883 000	117 238 000
Operating Profit	1 912 000	14 194 000	9 383 000	3 678 000
Financial Income	847 000	391 000	130 000	65 000
Financial Costs	2 290 000	1 172 000	1 457 000	1 717 000
Financial Balance	−1 443 000	−781 000	−1 327 000	−1 652 000
Earnings Before Tax	470 000	13 412 000	8 056 000	2 026 000
Tax	106 000	2 971 000	1 776 000	471 000
Net Income	363 000	10 441 000	6 280 000	1 555 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	99 256 000	72 025 000	56 539 000	61 433 000
Total Current Assets	54 421 000	83 289 000	65 482 000	32 752 000
Total Assets	153 677 000	155 315 000	122 021 000	94 185 000
Total Retained Equity	15 656 000	15 293 000	8 332 000	2 052 000
Total Equity	27 156 000	26 793 000	19 832 000	13 552 000
Total Long-Term Debt	68 427 000	41 468 000	51 063 000	48 127 000
Total Current Debt	58 094 000	87 054 000	51 125 000	32 506 000
Total Equity and Debt	153 677 000	155 315 000	122 021 000	94 185 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	245 351 000	187 511 000	144 803 000	118 543 000
Other Income	5 000	260 000	0	2 429 000
Revenue	245 356 000	187 771 000	144 803 000	120 972 000
Cost of Goods Sold	158 544 000	112 664 000	75 853 000	65 557 000
Salary Costs	63 079 000	50 619 000	43 213 000	35 553 000
Depreciation	4 736 000	4 958 000	4 959 000	4 662 000
Impairment	0	0	0	0
Expenditure	243 443 000	180 603 000	134 883 000	117 238 000
Operating Profit	1 912 000	14 194 000	9 383 000	3 678 000
Financial Income	847 000	391 000	130 000	65 000
Financial Costs	2 290 000	1 172 000	1 457 000	1 717 000
Financial Balance	−1 443 000	−781 000	−1 327 000	−1 652 000
Dividends	0	3 480 000	0	0
Net Income	363 000	10 441 000	6 280 000	1 555 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 566 000	1 673 000	4 644 000	6 420 000
Real Eastate	80 031 000	54 566 000	42 238 000	44 256 000
Machinery and Plant Facilities	14 160 000	4 559 000	5 098 000	6 297 000
Fixtures	3 498 000	11 227 000	4 559 000	4 460 000
Total Tangible Assets	97 689 000	70 352 000	51 895 000	55 013 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	99 256 000	72 025 000	56 539 000	61 433 000
Stock	12 006 000	11 415 000	5 474 000	5 442 000
Total Investments	0	0	0	0
Cash, Bank	7 660 000	31 640 000	40 367 000	9 047 000
Total Current Assets	54 421 000	83 289 000	65 482 000	32 752 000
Total Assets	153 677 000	155 315 000	122 021 000	94 185 000
Total Equity	27 156 000	26 793 000	19 832 000	13 552 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	68 427 000	41 468 000	51 063 000	48 127 000
Creditors	25 095 000	27 006 000	16 557 000	11 775 000
Unpaid Taxes	2 530 000	3 673 000	2 410 000	2 093 000
Dividends	0	3 480 000	0	0
Other Current Debt	30 469 000	52 895 000	32 159 000	18 639 000
Total Current Debt	58 094 000	87 054 000	51 125 000	32 506 000
Total Equity and Debt	153 677 000	155 315 000	122 021 000	94 185 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,34 %	38,97 %	31,67 %	11,47 %
Debt-to-Equity Ratio	2,52	1,55	2,57	3,55
Operating Profit Margin	0,78 %	7,56 %	6,48 %	3,04 %
Current Ratio	0,94	0,96	1,28	1,01
Quick Ratio	1,18	1,1	1,43	1,21
Equity Ratio	0,18	0,17	0,16	0,14
Gross Profit Margin	35,38 %	40 %	47,62 %	45,81 %