KORSEN AS

6770 NORDFJORDEID

Finances

Share Ownership

Return on Equity

17,05 %

Current Ratio

0,64

Debt-to-Equity Ratio

2,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 666 000	2 388 000	1 555 000	1 555 000
Net Income	567 000	1 246 000	598 000	485 000
Total Assets	13 977 000	15 164 000	14 744 000	15 057 000
Total Equity	3 326 000	3 320 000	3 314 000	3 265 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 666 000	2 388 000	1 555 000	1 555 000
Expenditure	609 000	556 000	507 000	500 000
Operating Profit	1 057 000	1 832 000	1 048 000	1 055 000
Financial Income	6 000	0	1 000	3 000
Financial Costs	337 000	235 000	282 000	437 000
Financial Balance	−331 000	−235 000	−281 000	−434 000
Earnings Before Tax	727 000	1 597 000	767 000	621 000
Tax	160 000	351 000	169 000	137 000
Net Income	567 000	1 246 000	598 000	485 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 442 000	13 905 000	14 436 000	14 588 000
Total Current Assets	535 000	1 259 000	308 000	468 000
Total Assets	13 977 000	15 164 000	14 744 000	15 057 000
Total Retained Equity	576 000	570 000	564 000	515 000
Total Equity	3 326 000	3 320 000	3 314 000	3 265 000
Total Long-Term Debt	9 811 000	10 326 000	10 690 000	11 146 000
Total Current Debt	840 000	1 518 000	741 000	645 000
Total Equity and Debt	13 977 000	15 164 000	14 744 000	15 057 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 666 000	1 602 000	0	0
Other Income	0	786 000	1 555 000	1 555 000
Revenue	1 666 000	2 388 000	1 555 000	1 555 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	463 000	463 000	453 000	452 000
Impairment	0	0	0	0
Expenditure	609 000	556 000	507 000	500 000
Operating Profit	1 057 000	1 832 000	1 048 000	1 055 000
Financial Income	6 000	0	1 000	3 000
Financial Costs	337 000	235 000	282 000	437 000
Financial Balance	−331 000	−235 000	−281 000	−434 000
Dividends	560 000	1 240 000	550 000	450 000
Net Income	567 000	1 246 000	598 000	485 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	13 442 000	13 905 000	14 436 000	14 588 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	13 442 000	13 905 000	14 436 000	14 588 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 442 000	13 905 000	14 436 000	14 588 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	535 000	259 000	308 000	468 000
Total Current Assets	535 000	1 259 000	308 000	468 000
Total Assets	13 977 000	15 164 000	14 744 000	15 057 000
Total Equity	3 326 000	3 320 000	3 314 000	3 265 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 811 000	10 326 000	10 690 000	11 146 000
Creditors	0	0	0	0
Unpaid Taxes	69 000	63 000	30 000	65 000
Dividends	560 000	1 240 000	550 000	450 000
Other Current Debt	17 000	10 000	9 000	16 000
Total Current Debt	840 000	1 518 000	741 000	645 000
Total Equity and Debt	13 977 000	15 164 000	14 744 000	15 057 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,05 %	37,53 %	18,04 %	14,85 %
Debt-to-Equity Ratio	2,95	3,11	3,23	3,41
Operating Profit Margin	63,45 %	76,72 %	67,4 %	67,85 %
Current Ratio	0,64	0,83	0,42	0,73
Quick Ratio	0,64	0,83	0,42	0,73
Equity Ratio	0,24	0,22	0,22	0,22
Gross Profit Margin	100 %	100 %	100 %	100 %