NOVENCO AS

1414 TROLLÅSEN

Finances

Share Ownership

Return on Equity

6,19 %

Current Ratio

1,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	140 616 000	117 853 000	259 358 000	235 313 000
Net Income	1 277 000	−7 902 000	4 949 000	−29 351 000
Total Assets	135 823 000	70 308 000	86 593 000	114 197 000
Total Equity	20 646 000	19 369 000	27 271 000	22 323 000

Income (NOK)	2022	2021	2020	2019
Revenue	140 616 000	117 853 000	259 358 000	235 313 000
Expenditure	137 036 000	124 875 000	245 797 000	270 558 000
Operating Profit	3 579 000	−7 022 000	13 561 000	−35 245 000
Financial Income	8 832 000	4 785 000	15 864 000	10 192 000
Financial Costs	10 710 000	7 886 000	21 686 000	8 241 000
Financial Balance	−1 878 000	−3 101 000	−5 822 000	1 951 000
Earnings Before Tax	1 701 000	−10 123 000	7 739 000	−33 294 000
Tax	424 000	−2 221 000	2 790 000	−3 943 000
Net Income	1 277 000	−7 902 000	4 949 000	−29 351 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 624 000	11 152 000	10 705 000	6 363 000
Total Current Assets	127 199 000	59 156 000	75 888 000	107 834 000
Total Assets	135 823 000	70 308 000	86 593 000	114 197 000
Total Retained Equity	12 646 000	0	19 271 000	0
Total Equity	20 646 000	19 369 000	27 271 000	22 323 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	115 177 000	50 939 000	59 321 000	91 874 000
Total Equity and Debt	135 823 000	70 308 000	86 592 000	114 197 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	140 036 000	117 370 000	259 353 000	235 309 000
Other Income	580 000	483 000	5 000	4 000
Revenue	140 616 000	117 853 000	259 358 000	235 313 000
Cost of Goods Sold	106 168 000	94 243 000	214 080 000	221 264 000
Salary Costs	39 522 000	49 920 000	53 728 000	60 095 000
Depreciation	1 815 000	1 757 000	984 000	622 000
Impairment	0	0	0	0
Expenditure	137 036 000	124 875 000	245 797 000	270 558 000
Operating Profit	3 579 000	−7 022 000	13 561 000	−35 245 000
Financial Income	8 832 000	4 785 000	15 864 000	10 192 000
Financial Costs	10 710 000	7 886 000	21 686 000	8 241 000
Financial Balance	−1 878 000	−3 101 000	−5 822 000	1 951 000
Dividends	0	0	0	0
Net Income	1 277 000	−7 902 000	4 949 000	−29 351 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 893 000	2 317 000	96 000	542 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 730 000	8 833 000	10 448 000	5 668 000
Total Tangible Assets	6 730 000	8 833 000	10 448 000	5 668 000
Total Fiancial Fixed Assets	0	2 000	161 000	153 000
Total Fixed Assets	8 624 000	11 152 000	10 705 000	6 363 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	34 115 000	9 022 000	30 912 000	32 948 000
Total Current Assets	127 199 000	59 156 000	75 888 000	107 834 000
Total Assets	135 823 000	70 308 000	86 593 000	114 197 000
Total Equity	20 646 000	19 369 000	27 271 000	22 323 000
Short-Term Group Debt	0	3 273 000	6 183 000	23 043 000
Total Long-Term Debt	0	0	0	0
Creditors	23 460 000	0	32 037 000	39 323 000
Unpaid Taxes	2 657 000	3 335 000	3 674 000	4 330 000
Dividends	0	0	0	0
Other Current Debt	89 060 000	44 331 000	17 427 000	25 178 000
Total Current Debt	115 177 000	50 939 000	59 321 000	91 874 000
Total Equity and Debt	135 823 000	70 308 000	86 592 000	114 197 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,19 %	−40,8 %	18,15 %	−131,48 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,55 %	−5,96 %	5,23 %	−14,98 %
Current Ratio	1,1	1,16	1,28	1,17
Quick Ratio	1,1	1,16	1,28	1,17
Equity Ratio	0,15	0,28	0,31	0,2
Gross Profit Margin	24,5 %	20,03 %	17,46 %	5,97 %