RØNNING RØRSERVICE AS

7088 HEIMDAL

Finances

Return on Equity

13,22 %

Current Ratio

2,2

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 029 000	2 998 000	2 033 000	3 176 000
Net Income	168 000	336 000	240 000	56 000
Total Assets	1 972 000	1 920 000	1 487 000	1 207 000
Total Equity	1 271 000	1 103 000	867 000	628 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 029 000	2 998 000	2 033 000	3 176 000
Expenditure	2 824 000	2 562 000	1 732 000	3 107 000
Operating Profit	206 000	436 000	301 000	69 000
Financial Income	20 000	13 000	13 000	13 000
Financial Costs	13 000	15 000	9 000	12 000
Financial Balance	7 000	−2 000	4 000	1 000
Earnings Before Tax	213 000	434 000	304 000	70 000
Tax	45 000	98 000	65 000	15 000
Net Income	168 000	336 000	240 000	56 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	939 000	643 000	343 000	369 000
Total Current Assets	1 032 000	1 277 000	1 145 000	838 000
Total Assets	1 972 000	1 920 000	1 487 000	1 207 000
Total Retained Equity	1 253 000	1 085 000	849 000	610 000
Total Equity	1 271 000	1 103 000	867 000	628 000
Total Long-Term Debt	231 000	302 000	63 000	188 000
Total Current Debt	469 000	514 000	557 000	392 000
Total Equity and Debt	1 972 000	1 920 000	1 487 000	1 207 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 029 000	2 808 000	2 005 000	3 114 000
Other Income	0	190 000	28 000	62 000
Revenue	3 029 000	2 998 000	2 033 000	3 176 000
Cost of Goods Sold	1 287 000	1 319 000	795 000	1 566 000
Salary Costs	806 000	786 000	475 000	994 000
Depreciation	169 000	70 000	102 000	99 000
Impairment	0	0	0	0
Expenditure	2 824 000	2 562 000	1 732 000	3 107 000
Operating Profit	206 000	436 000	301 000	69 000
Financial Income	20 000	13 000	13 000	13 000
Financial Costs	13 000	15 000	9 000	12 000
Financial Balance	7 000	−2 000	4 000	1 000
Dividends	0	100 000	0	0
Net Income	168 000	336 000	240 000	56 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	829 000	533 000	233 000	259 000
Total Tangible Assets	829 000	533 000	233 000	259 000
Total Fiancial Fixed Assets	110 000	110 000	110 000	110 000
Total Fixed Assets	939 000	643 000	343 000	369 000
Stock	26 000	12 000	16 000	25 000
Total Investments	0	0	0	0
Cash, Bank	537 000	687 000	971 000	518 000
Total Current Assets	1 032 000	1 277 000	1 145 000	838 000
Total Assets	1 972 000	1 920 000	1 487 000	1 207 000
Total Equity	1 271 000	1 103 000	867 000	628 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	231 000	302 000	63 000	188 000
Creditors	230 000	135 000	250 000	119 000
Unpaid Taxes	104 000	156 000	156 000	170 000
Dividends	0	100 000	0	0
Other Current Debt	86 000	70 000	77 000	95 000
Total Current Debt	469 000	514 000	557 000	392 000
Total Equity and Debt	1 972 000	1 920 000	1 487 000	1 207 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,22 %	30,46 %	27,68 %	8,92 %
Debt-to-Equity Ratio	0,18	0,27	0,07	0,3
Operating Profit Margin	6,8 %	14,54 %	14,81 %	2,17 %
Current Ratio	2,2	2,48	2,06	2,14
Quick Ratio	2,33	2,54	2,12	2,28
Equity Ratio	0,64	0,57	0,58	0,52
Gross Profit Margin	57,51 %	56 %	60,9 %	50,69 %