NORCUT AS

3236 SANDEFJORD

Finances

Share Ownership

Return on Equity

14,66 %

Current Ratio

2,71

Debt-to-Equity Ratio

0,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 442 000	7 450 000	5 971 000	5 469 000
Net Income	255 000	447 000	295 000	54 000
Total Assets	3 765 000	3 549 000	3 108 000	2 668 000
Total Equity	1 739 000	1 484 000	1 036 000	742 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 442 000	7 450 000	5 971 000	5 469 000
Expenditure	7 040 000	6 839 000	5 537 000	5 361 000
Operating Profit	403 000	611 000	434 000	108 000
Financial Income	1 000	2 000	1 000	5 000
Financial Costs	44 000	20 000	35 000	26 000
Financial Balance	−43 000	−18 000	−34 000	−21 000
Earnings Before Tax	360 000	593 000	400 000	87 000
Tax	104 000	146 000	105 000	33 000
Net Income	255 000	447 000	295 000	54 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	42 000	79 000	121 000	164 000
Total Current Assets	3 723 000	3 470 000	2 987 000	2 504 000
Total Assets	3 765 000	3 549 000	3 108 000	2 668 000
Total Retained Equity	1 639 000	1 384 000	936 000	642 000
Total Equity	1 739 000	1 484 000	1 036 000	742 000
Total Long-Term Debt	650 000	768 000	803 000	884 000
Total Current Debt	1 376 000	1 297 000	1 269 000	1 042 000
Total Equity and Debt	3 765 000	3 549 000	3 108 000	2 668 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 442 000	7 450 000	5 971 000	5 445 000
Other Income	0	0	0	24 000
Revenue	7 442 000	7 450 000	5 971 000	5 469 000
Cost of Goods Sold	3 628 000	3 649 000	2 570 000	2 416 000
Salary Costs	2 478 000	2 385 000	2 297 000	2 149 000
Depreciation	37 000	42 000	42 000	42 000
Impairment	0	0	0	0
Expenditure	7 040 000	6 839 000	5 537 000	5 361 000
Operating Profit	403 000	611 000	434 000	108 000
Financial Income	1 000	2 000	1 000	5 000
Financial Costs	44 000	20 000	35 000	26 000
Financial Balance	−43 000	−18 000	−34 000	−21 000
Dividends	0	0	0	0
Net Income	255 000	447 000	295 000	54 000

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	42 000	79 000	121 000	164 000
Total Tangible Assets	42 000	79 000	121 000	164 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	42 000	79 000	121 000	164 000
Stock	2 758 000	2 314 000	2 287 000	2 122 000
Total Investments	0	0	0	0
Cash, Bank	546 000	347 000	310 000	73 000
Total Current Assets	3 723 000	3 470 000	2 987 000	2 504 000
Total Assets	3 765 000	3 549 000	3 108 000	2 668 000
Total Equity	1 739 000	1 484 000	1 036 000	742 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	650 000	768 000	803 000	884 000
Creditors	655 000	532 000	595 000	543 000
Unpaid Taxes	414 000	432 000	387 000	296 000
Dividends	0	0	0	0
Other Current Debt	202 000	188 000	182 000	171 000
Total Current Debt	1 376 000	1 297 000	1 269 000	1 042 000
Total Equity and Debt	3 765 000	3 549 000	3 108 000	2 668 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,66 %	30,12 %	28,47 %	7,28 %
Debt-to-Equity Ratio	0,37	0,52	0,78	1,19
Operating Profit Margin	5,42 %	8,2 %	7,27 %	1,97 %
Current Ratio	2,71	2,68	2,35	2,4
Quick Ratio	−2,69	−3,41	−2,93	−2,32
Equity Ratio	0,46	0,42	0,33	0,28
Gross Profit Margin	51,25 %	51,02 %	56,96 %	55,82 %