NORSE VAPE AS

5059 BERGEN

Finances

Share Ownership

Return on Equity

38,37 %

Current Ratio

1,62

Debt-to-Equity Ratio

0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	82 985 000	41 887 000	32 082 000	32 942 000
Net Income	6 586 000	1 683 000	2 217 000	1 985 000
Total Assets	49 363 000	21 852 000	19 080 000	10 906 000
Total Equity	17 166 000	9 288 000	11 222 000	2 037 000

Income (NOK)	2022	2021	2020	2019
Revenue	82 985 000	41 887 000	32 082 000	32 942 000
Expenditure	73 689 000	39 467 000	29 109 000	30 552 000
Operating Profit	9 296 000	2 421 000	2 973 000	2 390 000
Financial Income	2 025 000	252 000	68 000	39 000
Financial Costs	2 773 000	409 000	307 000	274 000
Financial Balance	−748 000	−157 000	−239 000	−235 000
Earnings Before Tax	8 548 000	2 264 000	2 734 000	2 155 000
Tax	1 963 000	581 000	516 000	170 000
Net Income	6 586 000	1 683 000	2 217 000	1 985 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 267 000	7 991 000	7 690 000	2 090 000
Total Current Assets	40 097 000	13 861 000	11 390 000	8 816 000
Total Assets	49 363 000	21 852 000	19 080 000	10 906 000
Total Retained Equity	7 704 000	−20 000	3 492 000	1 977 000
Total Equity	17 166 000	9 288 000	11 222 000	2 037 000
Total Long-Term Debt	7 413 000	1 400 000	2 627 000	1 850 000
Total Current Debt	24 784 000	11 163 000	5 231 000	7 019 000
Total Equity and Debt	49 363 000	21 852 000	19 080 000	10 906 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	81 315 000	41 037 000	30 354 000	32 953 000
Other Income	1 670 000	851 000	1 728 000	−11 000
Revenue	82 985 000	41 887 000	32 082 000	32 942 000
Cost of Goods Sold	37 587 000	17 442 000	12 049 000	12 398 000
Salary Costs	18 444 000	12 817 000	10 209 000	11 786 000
Depreciation	382 000	314 000	351 000	340 000
Impairment	0	0	0	0
Expenditure	73 689 000	39 467 000	29 109 000	30 552 000
Operating Profit	9 296 000	2 421 000	2 973 000	2 390 000
Financial Income	2 025 000	252 000	68 000	39 000
Financial Costs	2 773 000	409 000	307 000	274 000
Financial Balance	−748 000	−157 000	−239 000	−235 000
Dividends	0	0	0	0
Net Income	6 586 000	1 683 000	2 217 000	1 985 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	319 000	188 000	0	0
Real Eastate	28 000	39 000	50 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	182 000	184 000	1 199 000	1 426 000
Total Tangible Assets	210 000	223 000	1 249 000	1 426 000
Total Fiancial Fixed Assets	8 738 000	7 580 000	6 441 000	665 000
Total Fixed Assets	9 267 000	7 991 000	7 690 000	2 090 000
Stock	15 973 000	10 826 000	5 449 000	5 679 000
Total Investments	0	0	0	0
Cash, Bank	1 687 000	1 643 000	4 942 000	2 294 000
Total Current Assets	40 097 000	13 861 000	11 390 000	8 816 000
Total Assets	49 363 000	21 852 000	19 080 000	10 906 000
Total Equity	17 166 000	9 288 000	11 222 000	2 037 000
Short-Term Group Debt	4 119 000	143 000	0	0
Total Long-Term Debt	7 413 000	1 400 000	2 627 000	1 850 000
Creditors	9 594 000	502 000	404 000	229 000
Unpaid Taxes	2 694 000	2 134 000	2 035 000	1 662 000
Dividends	0	0	0	0
Other Current Debt	4 530 000	2 378 000	2 260 000	4 974 000
Total Current Debt	24 784 000	11 163 000	5 231 000	7 019 000
Total Equity and Debt	49 363 000	21 852 000	19 080 000	10 906 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,37 %	18,12 %	19,76 %	97,45 %
Debt-to-Equity Ratio	0,43	0,15	0,23	0,91
Operating Profit Margin	11,2 %	5,78 %	9,27 %	7,26 %
Current Ratio	1,62	1,24	2,18	1,26
Quick Ratio	4,55	41,13	−52,25	6,58
Equity Ratio	0,35	0,43	0,59	0,19
Gross Profit Margin	54,71 %	58,36 %	62,44 %	62,36 %