STRØMMEN HØVELSERVICE AS

6847 VASSENDEN

Finances

Share Ownership

Return on Equity

11,32 %

Current Ratio

19,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	435 000	414 000	475 000	340 000
Net Income	124 000	−111 000	51 000	−22 000
Total Assets	1 143 000	1 058 000	1 150 000	1 070 000
Total Equity	1 095 000	970 000	1 081 000	1 030 000

Income (NOK)	2022	2021	2020	2019
Revenue	435 000	414 000	475 000	340 000
Expenditure	278 000	560 000	412 000	371 000
Operating Profit	157 000	−145 000	63 000	−31 000
Financial Income	4 000	3 000	4 000	4 000
Financial Costs	0	0	1 000	0
Financial Balance	4 000	3 000	3 000	4 000
Earnings Before Tax	160 000	−142 000	66 000	−28 000
Tax	36 000	−31 000	14 000	−6 000
Net Income	124 000	−111 000	51 000	−22 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	248 000	365 000	394 000	493 000
Total Current Assets	895 000	693 000	756 000	577 000
Total Assets	1 143 000	1 058 000	1 150 000	1 070 000
Total Retained Equity	1 065 000	940 000	1 051 000	1 000 000
Total Equity	1 095 000	970 000	1 081 000	1 030 000
Total Long-Term Debt	3 000	0	20 000	25 000
Total Current Debt	45 000	87 000	49 000	15 000
Total Equity and Debt	1 143 000	1 058 000	1 150 000	1 070 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	435 000	414 000	563 000	252 000
Other Income	0	0	−88 000	88 000
Revenue	435 000	414 000	475 000	340 000
Cost of Goods Sold	0	0	0	0
Salary Costs	40 000	185 000	143 000	122 000
Depreciation	105 000	107 000	105 000	82 000
Impairment	0	0	0	0
Expenditure	278 000	560 000	412 000	371 000
Operating Profit	157 000	−145 000	63 000	−31 000
Financial Income	4 000	3 000	4 000	4 000
Financial Costs	0	0	1 000	0
Financial Balance	4 000	3 000	3 000	4 000
Dividends	0	0	0	0
Net Income	124 000	−111 000	51 000	−22 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	12 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	166 000	202 000	247 000	285 000
Fixtures	82 000	151 000	147 000	208 000
Total Tangible Assets	248 000	353 000	394 000	493 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	248 000	365 000	394 000	493 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	881 000	563 000	690 000	475 000
Total Current Assets	895 000	693 000	756 000	577 000
Total Assets	1 143 000	1 058 000	1 150 000	1 070 000
Total Equity	1 095 000	970 000	1 081 000	1 030 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 000	0	20 000	25 000
Creditors	4 000	1 000	−5 000	−1 000
Unpaid Taxes	0	69 000	21 000	1 000
Dividends	0	0	0	0
Other Current Debt	20 000	18 000	14 000	12 000
Total Current Debt	45 000	87 000	49 000	15 000
Total Equity and Debt	1 143 000	1 058 000	1 150 000	1 070 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,32 %	−11,44 %	4,72 %	−2,14 %
Debt-to-Equity Ratio	0	0	0,02	0,02
Operating Profit Margin	36,09 %	−35,02 %	13,26 %	−9,12 %
Current Ratio	19,89	7,97	15,43	38,47
Quick Ratio	19,89	7,97	15,43	38,47
Equity Ratio	0,96	0,92	0,94	0,96
Gross Profit Margin	100 %	100 %	100 %	100 %