NORSIDE WIND AS

5106 ØVRE ERVIK

Finances

Return on Equity

17,47 %

Current Ratio

1,14

Debt-to-Equity Ratio

1,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	196 895 000	144 303 000	98 781 000	138 338 000
Net Income	58 852 000	20 989 000	1 562 000	−17 424 000
Total Assets	783 849 000	584 555 000	541 818 000	430 546 000
Total Equity	336 831 000	273 642 000	253 285 000	193 681 000

Income (NOK)	2022	2021	2020	2019
Revenue	196 895 000	144 303 000	98 781 000	138 338 000
Expenditure	94 029 000	118 211 000	84 922 000	157 798 000
Operating Profit	102 865 000	26 091 000	13 860 000	−19 460 000
Financial Income	13 581 000	10 063 000	2 530 000	5 382 000
Financial Costs	36 884 000	9 246 000	14 388 000	8 261 000
Financial Balance	−23 303 000	817 000	−11 858 000	−2 879 000
Earnings Before Tax	79 562 000	26 908 000	2 002 000	−22 339 000
Tax	20 710 000	5 919 000	441 000	−4 915 000
Net Income	58 852 000	20 989 000	1 562 000	−17 424 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	760 648 000	530 567 000	473 149 000	400 602 000
Total Current Assets	23 201 000	53 988 000	68 670 000	29 944 000
Total Assets	783 849 000	584 555 000	541 818 000	430 546 000
Total Retained Equity	80 771 000	21 919 000	1 562 000	0
Total Equity	336 831 000	273 642 000	253 285 000	193 681 000
Total Long-Term Debt	426 633 000	233 444 000	238 447 000	210 807 000
Total Current Debt	20 385 000	77 469 000	50 086 000	26 059 000
Total Equity and Debt	783 849 000	584 555 000	541 818 000	430 546 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	196 895 000	143 823 000	98 781 000	138 338 000
Other Income	0	480 000	0	0
Revenue	196 895 000	144 303 000	98 781 000	138 338 000
Cost of Goods Sold	49 484 000	18 207 000	0	0
Salary Costs	39 421 000	35 212 000	19 380 000	18 713 000
Depreciation	41 729 000	29 820 000	22 630 000	21 342 000
Impairment	−45 510 000	0	0	30 290 000
Expenditure	94 029 000	118 211 000	84 922 000	157 798 000
Operating Profit	102 865 000	26 091 000	13 860 000	−19 460 000
Financial Income	13 581 000	10 063 000	2 530 000	5 382 000
Financial Costs	36 884 000	9 246 000	14 388 000	8 261 000
Financial Balance	−23 303 000	817 000	−11 858 000	−2 879 000
Dividends	0	0	0	0
Net Income	58 852 000	20 989 000	1 562 000	−17 424 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	5 602 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	59 000	0	0	0
Total Tangible Assets	572 096 000	474 907 000	473 149 000	395 000 000
Total Fiancial Fixed Assets	188 552 000	55 661 000	0	0
Total Fixed Assets	760 648 000	530 567 000	473 149 000	400 602 000
Stock	0	1 336 000	390 000	0
Total Investments	0	0	0	0
Cash, Bank	10 616 000	37 634 000	2 345 000	1 856 000
Total Current Assets	23 201 000	53 988 000	68 670 000	29 944 000
Total Assets	783 849 000	584 555 000	541 818 000	430 546 000
Total Equity	336 831 000	273 642 000	253 285 000	193 681 000
Short-Term Group Debt	156 000	51 706 000	44 468 000	5 599 000
Total Long-Term Debt	426 633 000	233 444 000	238 447 000	210 807 000
Creditors	9 926 000	17 233 000	1 260 000	8 840 000
Unpaid Taxes	177 000	1 182 000	60 000	0
Dividends	0	0	0	0
Other Current Debt	6 926 000	7 348 000	4 298 000	11 620 000
Total Current Debt	20 385 000	77 469 000	50 086 000	26 059 000
Total Equity and Debt	783 849 000	584 555 000	541 818 000	430 546 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,47 %	7,67 %	0,62 %	−9 %
Debt-to-Equity Ratio	1,27	0,85	0,94	1,09
Operating Profit Margin	52,24 %	18,08 %	14,03 %	−14,07 %
Current Ratio	1,14	0,7	1,37	1,15
Quick Ratio	1,14	0,71	1,38	1,15
Equity Ratio	0,43	0,47	0,47	0,45
Gross Profit Margin	74,87 %	87,38 %	100 %	100 %