KURTH OLSEN & SØNNER AS

9450 HAMNVIK

Finances

Return on Equity

16,53 %

Current Ratio

7,78

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	269 622 000	291 251 000	180 092 000	79 086 000
Net Income	74 628 000	67 504 000	48 860 000	13 511 000
Total Assets	585 506 000	470 402 000	422 984 000	342 030 000
Total Equity	451 367 000	396 739 000	359 234 000	318 374 000

Income (NOK)	2022	2021	2020	2019
Revenue	269 622 000	291 251 000	180 092 000	79 086 000
Expenditure	177 237 000	212 898 000	119 250 000	67 987 000
Operating Profit	92 385 000	78 353 000	60 841 000	11 100 000
Financial Income	6 528 000	6 928 000	2 195 000	5 669 000
Financial Costs	2 507 000	382 000	521 000	49 000
Financial Balance	4 021 000	6 546 000	1 674 000	5 620 000
Earnings Before Tax	96 406 000	84 899 000	62 515 000	16 719 000
Tax	21 778 000	17 395 000	13 655 000	3 208 000
Net Income	74 628 000	67 504 000	48 860 000	13 511 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	120 032 000	45 571 000	41 016 000	35 631 000
Total Current Assets	465 474 000	424 831 000	381 968 000	306 400 000
Total Assets	585 506 000	470 402 000	422 984 000	342 030 000
Total Retained Equity	430 786 000	376 158 000	338 654 000	297 794 000
Total Equity	451 367 000	396 739 000	359 234 000	318 374 000
Total Long-Term Debt	74 272 000	29 581 000	40 493 000	8 899 000
Total Current Debt	59 867 000	44 082 000	23 256 000	14 757 000
Total Equity and Debt	585 506 000	470 402 000	422 984 000	342 030 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	269 457 000	290 336 000	179 177 000	78 127 000
Other Income	165 000	915 000	915 000	959 000
Revenue	269 622 000	291 251 000	180 092 000	79 086 000
Cost of Goods Sold	115 419 000	154 523 000	66 525 000	18 518 000
Salary Costs	4 283 000	4 090 000	3 680 000	3 763 000
Depreciation	611 000	623 000	787 000	733 000
Impairment	0	0	0	0
Expenditure	177 237 000	212 898 000	119 250 000	67 987 000
Operating Profit	92 385 000	78 353 000	60 841 000	11 100 000
Financial Income	6 528 000	6 928 000	2 195 000	5 669 000
Financial Costs	2 507 000	382 000	521 000	49 000
Financial Balance	4 021 000	6 546 000	1 674 000	5 620 000
Dividends	20 000 000	10 000 000	8 000 000	8 000 000
Net Income	74 628 000	67 504 000	48 860 000	13 511 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 565 000	16 525 000	16 485 000	16 447 000
Real Eastate	10 663 000	9 324 000	3 507 000	3 592 000
Machinery and Plant Facilities	49 000	284 000	535 000	799 000
Fixtures	107 000	234 000	374 000	536 000
Total Tangible Assets	10 819 000	9 847 000	4 431 000	5 069 000
Total Fiancial Fixed Assets	92 648 000	19 200 000	20 100 000	14 115 000
Total Fixed Assets	120 032 000	45 571 000	41 016 000	35 631 000
Stock	117 559 000	76 787 000	102 918 000	43 382 000
Total Investments	23 879 000	49 839 000	34 403 000	23 601 000
Cash, Bank	287 993 000	276 072 000	219 759 000	225 750 000
Total Current Assets	465 474 000	424 831 000	381 968 000	306 400 000
Total Assets	585 506 000	470 402 000	422 984 000	342 030 000
Total Equity	451 367 000	396 739 000	359 234 000	318 374 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	74 272 000	29 581 000	40 493 000	8 899 000
Creditors	19 317 000	1 613 000	7 841 000	2 896 000
Unpaid Taxes	802 000	2 012 000	293 000	237 000
Dividends	20 000 000	10 000 000	8 000 000	8 000 000
Other Current Debt	7 355 000	7 457 000	6 149 000	355 000
Total Current Debt	59 867 000	44 082 000	23 256 000	14 757 000
Total Equity and Debt	585 506 000	470 402 000	422 984 000	342 030 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,53 %	17,01 %	13,6 %	4,24 %
Debt-to-Equity Ratio	0,16	0,07	0,11	0,03
Operating Profit Margin	34,26 %	26,9 %	33,78 %	14,04 %
Current Ratio	7,78	9,64	16,42	20,76
Quick Ratio	−8,07	−12,99	−4,79	−10,7
Equity Ratio	0,77	0,84	0,85	0,93
Gross Profit Margin	57,19 %	46,95 %	63,06 %	76,58 %