CYCLE SERVICE NORDIC AS

1339 VØYENENGA

Finances

Share Ownership

Return on Equity

14,12 %

Current Ratio

1,75

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	89 588 000	95 818 000	86 131 000	63 277 000
Net Income	1 031 000	1 076 000	1 141 000	1 887 000
Total Assets	16 870 000	10 567 000	18 695 000	11 339 000
Total Equity	7 302 000	6 271 000	5 194 000	4 053 000

Income (NOK)	2022	2021	2020	2019
Revenue	89 588 000	95 818 000	86 131 000	63 277 000
Expenditure	87 796 000	94 108 000	84 411 000	60 578 000
Operating Profit	1 791 000	1 710 000	1 721 000	2 699 000
Financial Income	0	0	0	1 000
Financial Costs	470 000	330 000	253 000	277 000
Financial Balance	−470 000	−330 000	−253 000	−276 000
Earnings Before Tax	1 322 000	1 380 000	1 469 000	2 423 000
Tax	291 000	304 000	327 000	536 000
Net Income	1 031 000	1 076 000	1 141 000	1 887 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	86 000	148 000	114 000	66 000
Total Current Assets	16 784 000	10 419 000	18 581 000	11 273 000
Total Assets	16 870 000	10 567 000	18 695 000	11 339 000
Total Retained Equity	7 202 000	6 171 000	5 094 000	3 953 000
Total Equity	7 302 000	6 271 000	5 194 000	4 053 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 568 000	4 296 000	13 500 000	7 286 000
Total Equity and Debt	16 870 000	10 567 000	18 695 000	11 339 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	89 137 000	95 383 000	85 584 000	62 616 000
Other Income	451 000	435 000	547 000	661 000
Revenue	89 588 000	95 818 000	86 131 000	63 277 000
Cost of Goods Sold	77 732 000	83 510 000	72 549 000	53 980 000
Salary Costs	3 399 000	3 179 000	3 083 000	2 936 000
Depreciation	28 000	12 000	0	7 000
Impairment	0	0	0	0
Expenditure	87 796 000	94 108 000	84 411 000	60 578 000
Operating Profit	1 791 000	1 710 000	1 721 000	2 699 000
Financial Income	0	0	0	1 000
Financial Costs	470 000	330 000	253 000	277 000
Financial Balance	−470 000	−330 000	−253 000	−276 000
Dividends	0	0	0	0
Net Income	1 031 000	1 076 000	1 141 000	1 887 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	106 000	114 000	66 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	67 000	42 000	0	0
Total Tangible Assets	67 000	42 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	86 000	148 000	114 000	66 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 203 000	1 549 000	8 111 000	2 981 000
Total Current Assets	16 784 000	10 419 000	18 581 000	11 273 000
Total Assets	16 870 000	10 567 000	18 695 000	11 339 000
Total Equity	7 302 000	6 271 000	5 194 000	4 053 000
Short-Term Group Debt	5 373 000	805 000	8 741 000	4 373 000
Total Long-Term Debt	0	0	0	0
Creditors	291 000	249 000	197 000	327 000
Unpaid Taxes	2 474 000	2 209 000	3 313 000	1 622 000
Dividends	0	0	0	0
Other Current Debt	1 226 000	738 000	874 000	474 000
Total Current Debt	9 568 000	4 296 000	13 500 000	7 286 000
Total Equity and Debt	16 870 000	10 567 000	18 695 000	11 339 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,12 %	17,16 %	21,97 %	46,56 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2 %	1,78 %	2 %	4,27 %
Current Ratio	1,75	2,43	1,38	1,55
Quick Ratio	1,75	2,43	1,38	1,55
Equity Ratio	0,43	0,59	0,28	0,36
Gross Profit Margin	13,23 %	12,85 %	15,77 %	14,69 %