NORCOD AS

7011 TRONDHEIM

Finances

Return on Equity

−168,22 %

Current Ratio

0,87

Debt-to-Equity Ratio

0,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	170 541 000	72 633 000	6 838 000	5 610 000
Net Income	−297 217 000	−35 754 000	−17 921 000	−10 370 000
Total Assets	541 846 000	540 151 000	458 817 000	42 058 000
Total Equity	176 679 000	333 850 000	373 320 000	32 894 000

Income (NOK)	2022	2021	2020	2019
Revenue	170 541 000	72 633 000	6 838 000	5 610 000
Expenditure	451 433 000	109 406 000	25 173 000	16 810 000
Operating Profit	−280 892 000	−36 773 000	−18 335 000	−11 200 000
Financial Income	2 390 000	4 122 000	205 000	2 000
Financial Costs	18 715 000	13 463 000	4 926 000	2 090 000
Financial Balance	−16 325 000	−9 341 000	−4 721 000	−2 088 000
Earnings Before Tax	−297 217 000	−46 114 000	−23 056 000	−13 288 000
Tax	0	−10 359 000	−5 135 000	−2 918 000
Net Income	−297 217 000	−35 754 000	−17 921 000	−10 370 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	276 537 000	205 449 000	133 701 000	7 413 000
Total Current Assets	265 309 000	334 702 000	325 117 000	34 645 000
Total Assets	541 846 000	540 151 000	458 817 000	42 058 000
Total Retained Equity	−382 267 000	−65 030 000	−25 587 000	−9 746 000
Total Equity	176 679 000	333 850 000	373 320 000	32 894 000
Total Long-Term Debt	60 939 000	100 174 000	67 952 000	0
Total Current Debt	304 228 000	106 127 000	17 545 000	9 165 000
Total Equity and Debt	541 846 000	540 151 000	458 817 000	42 058 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	170 541 000	73 163 000	6 309 000	5 610 000
Other Income	0	−529 000	529 000	0
Revenue	170 541 000	72 633 000	6 838 000	5 610 000
Cost of Goods Sold	168 730 000	56 990 000	−5 342 000	8 834 000
Salary Costs	43 031 000	23 579 000	15 157 000	3 161 000
Depreciation	16 031 000	5 607 000	2 473 000	11 000
Impairment	0	0	0	0
Expenditure	451 433 000	109 406 000	25 173 000	16 810 000
Operating Profit	−280 892 000	−36 773 000	−18 335 000	−11 200 000
Financial Income	2 390 000	4 122 000	205 000	2 000
Financial Costs	18 715 000	13 463 000	4 926 000	2 090 000
Financial Balance	−16 325 000	−9 341 000	−4 721 000	−2 088 000
Dividends	0	0	0	0
Net Income	−297 217 000	−35 754 000	−17 921 000	−10 370 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000 000	32 257 000	19 761 000	7 006 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	200 524 000	19 647 000	21 188 000	151 000
Fixtures	0	389 000	222 000	188 000
Total Tangible Assets	200 524 000	57 130 000	46 977 000	339 000
Total Fiancial Fixed Assets	74 013 000	116 062 000	66 963 000	68 000
Total Fixed Assets	276 537 000	205 449 000	133 701 000	7 413 000
Stock	215 470 000	240 724 000	103 251 000	15 208 000
Total Investments	0	0	0	0
Cash, Bank	3 412 000	28 387 000	199 392 000	8 448 000
Total Current Assets	265 309 000	334 702 000	325 117 000	34 645 000
Total Assets	541 846 000	540 151 000	458 817 000	42 058 000
Total Equity	176 679 000	333 850 000	373 320 000	32 894 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	60 939 000	100 174 000	67 952 000	0
Creditors	114 263 000	84 040 000	13 161 000	6 155 000
Unpaid Taxes	0	1 148 000	875 000	384 000
Dividends	0	0	0	0
Other Current Debt	103 546 000	20 939 000	3 509 000	2 626 000
Total Current Debt	304 228 000	106 127 000	17 545 000	9 165 000
Total Equity and Debt	541 846 000	540 151 000	458 817 000	42 058 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−168,22 %	−10,71 %	−4,8 %	−31,53 %
Debt-to-Equity Ratio	0,34	0,3	0,18	0
Operating Profit Margin	−164,71 %	−50,63 %	−268,13 %	−199,64 %
Current Ratio	0,87	3,15	18,53	3,78
Quick Ratio	2,99	−2,49	−3,79	−5,73
Equity Ratio	0,33	0,62	0,81	0,78
Gross Profit Margin	1,06 %	21,54 %	178,12 %	−57,47 %