MALERFIRMAET ERIKSEN & ERIKSEN AS

2016 FROGNER

Finances

Share Ownership

Return on Equity

15,22 %

Current Ratio

2,08

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 908 000	3 243 000	4 198 000	4 060 000
Net Income	70 000	94 000	250 000	413 000
Total Assets	956 000	1 240 000	2 037 000	2 064 000
Total Equity	460 000	730 000	636 000	785 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 908 000	3 243 000	4 198 000	4 060 000
Expenditure	2 812 000	3 115 000	3 868 000	3 525 000
Operating Profit	96 000	129 000	331 000	534 000
Financial Income	0	0	0	0
Financial Costs	7 000	8 000	11 000	5 000
Financial Balance	−7 000	−8 000	−11 000	−5 000
Earnings Before Tax	90 000	121 000	321 000	530 000
Tax	20 000	27 000	71 000	117 000
Net Income	70 000	94 000	250 000	413 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	130 000	192 000	257 000	321 000
Total Current Assets	826 000	1 048 000	1 780 000	1 742 000
Total Assets	956 000	1 240 000	2 037 000	2 064 000
Total Retained Equity	350 000	620 000	526 000	675 000
Total Equity	460 000	730 000	636 000	785 000
Total Long-Term Debt	98 000	151 000	201 000	242 000
Total Current Debt	398 000	359 000	1 201 000	1 037 000
Total Equity and Debt	956 000	1 240 000	2 037 000	2 064 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 908 000	3 240 000	4 198 000	4 044 000
Other Income	0	3 000	0	16 000
Revenue	2 908 000	3 243 000	4 198 000	4 060 000
Cost of Goods Sold	988 000	1 051 000	1 504 000	1 166 000
Salary Costs	1 428 000	1 643 000	1 905 000	1 887 000
Depreciation	65 000	65 000	65 000	19 000
Impairment	0	0	0	0
Expenditure	2 812 000	3 115 000	3 868 000	3 525 000
Operating Profit	96 000	129 000	331 000	534 000
Financial Income	0	0	0	0
Financial Costs	7 000	8 000	11 000	5 000
Financial Balance	−7 000	−8 000	−11 000	−5 000
Dividends	0	0	400 000	400 000
Net Income	70 000	94 000	250 000	413 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	116 000	181 000	246 000	311 000
Total Tangible Assets	116 000	181 000	246 000	311 000
Total Fiancial Fixed Assets	11 000	11 000	11 000	11 000
Total Fixed Assets	130 000	192 000	257 000	321 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	645 000	834 000	644 000	767 000
Total Current Assets	826 000	1 048 000	1 780 000	1 742 000
Total Assets	956 000	1 240 000	2 037 000	2 064 000
Total Equity	460 000	730 000	636 000	785 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	98 000	151 000	201 000	242 000
Creditors	35 000	1 000	177 000	62 000
Unpaid Taxes	201 000	173 000	378 000	221 000
Dividends	0	0	400 000	400 000
Other Current Debt	136 000	157 000	181 000	256 000
Total Current Debt	398 000	359 000	1 201 000	1 037 000
Total Equity and Debt	956 000	1 240 000	2 037 000	2 064 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,22 %	12,88 %	39,31 %	52,61 %
Debt-to-Equity Ratio	0,21	0,21	0,32	0,31
Operating Profit Margin	3,3 %	3,98 %	7,88 %	13,15 %
Current Ratio	2,08	2,92	1,48	1,68
Quick Ratio	2,08	2,92	1,48	1,68
Equity Ratio	0,48	0,59	0,31	0,38
Gross Profit Margin	66,02 %	67,59 %	64,17 %	71,28 %