BRØDR AARSETH EIENDOM AS

6004 ÅLESUND

Finances

Share Ownership

Return on Equity

15,01 %

Current Ratio

1,66

Debt-to-Equity Ratio

8,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 750 000	2 450 000	2 450 000	2 364 000
Net Income	306 000	217 000	10 000	282 000
Total Assets	18 904 000	19 639 000	20 307 000	17 383 000
Total Equity	2 038 000	1 732 000	1 515 000	1 505 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 750 000	2 450 000	2 450 000	2 364 000
Expenditure	1 493 000	1 507 000	1 659 000	1 512 000
Operating Profit	1 257 000	943 000	791 000	852 000
Financial Income	0	0	2 000	0
Financial Costs	864 000	664 000	781 000	491 000
Financial Balance	−864 000	−664 000	−779 000	−491 000
Earnings Before Tax	393 000	279 000	13 000	361 000
Tax	86 000	61 000	3 000	79 000
Net Income	306 000	217 000	10 000	282 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 432 000	19 158 000	19 863 000	17 131 000
Total Current Assets	472 000	481 000	443 000	252 000
Total Assets	18 904 000	19 639 000	20 307 000	17 383 000
Total Retained Equity	1 938 000	1 632 000	1 415 000	1 405 000
Total Equity	2 038 000	1 732 000	1 515 000	1 505 000
Total Long-Term Debt	16 581 000	15 857 000	16 566 000	6 304 000
Total Current Debt	285 000	2 049 000	2 226 000	9 574 000
Total Equity and Debt	18 904 000	19 639 000	20 307 000	17 383 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	2 750 000	2 450 000	2 450 000	2 364 000
Revenue	2 750 000	2 450 000	2 450 000	2 364 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	725 000	724 000	697 000	490 000
Impairment	0	0	0	0
Expenditure	1 493 000	1 507 000	1 659 000	1 512 000
Operating Profit	1 257 000	943 000	791 000	852 000
Financial Income	0	0	2 000	0
Financial Costs	864 000	664 000	781 000	491 000
Financial Balance	−864 000	−664 000	−779 000	−491 000
Dividends	0	0	0	0
Net Income	306 000	217 000	10 000	282 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	17 622 000	18 194 000	18 766 000	15 861 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	811 000	964 000	1 098 000	1 245 000
Total Tangible Assets	18 432 000	19 158 000	19 863 000	17 106 000
Total Fiancial Fixed Assets	0	0	0	25 000
Total Fixed Assets	18 432 000	19 158 000	19 863 000	17 131 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	465 000	476 000	276 000	108 000
Total Current Assets	472 000	481 000	443 000	252 000
Total Assets	18 904 000	19 639 000	20 307 000	17 383 000
Total Equity	2 038 000	1 732 000	1 515 000	1 505 000
Short-Term Group Debt	0	1 874 000	2 144 000	7 696 000
Total Long-Term Debt	16 581 000	15 857 000	16 566 000	6 304 000
Creditors	0	1 000	0	1 829 000
Unpaid Taxes	98 000	98 000	21 000	0
Dividends	0	0	0	0
Other Current Debt	113 000	61 000	61 000	31 000
Total Current Debt	285 000	2 049 000	2 226 000	9 574 000
Total Equity and Debt	18 904 000	19 639 000	20 307 000	17 383 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,01 %	12,53 %	0,66 %	18,74 %
Debt-to-Equity Ratio	8,14	9,16	10,93	4,19
Operating Profit Margin	45,71 %	38,49 %	32,29 %	36,04 %
Current Ratio	1,66	0,23	0,2	0,03
Quick Ratio	1,66	0,23	0,2	0,03
Equity Ratio	0,11	0,09	0,07	0,09
Gross Profit Margin	100 %	100 %	100 %	100 %