NORWEGIAN RECYCLING SERVICES AS

4021 STAVANGER

Finances

Share Ownership

Return on Equity

22,46 %

Current Ratio

0,93

Debt-to-Equity Ratio

1,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 451 000	14 493 000	13 398 000	14 899 000
Net Income	1 271 000	2 738 000	1 583 000	4 461 000
Total Assets	26 715 000	22 817 000	27 038 000	27 664 000
Total Equity	5 660 000	5 681 000	6 450 000	6 120 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 451 000	14 493 000	13 398 000	14 899 000
Expenditure	18 122 000	10 415 000	11 203 000	9 651 000
Operating Profit	2 329 000	4 078 000	2 194 000	5 249 000
Financial Income	110 000	8 000	130 000	104 000
Financial Costs	788 000	576 000	526 000	70 000
Financial Balance	−678 000	−568 000	−396 000	34 000
Earnings Before Tax	1 651 000	3 510 000	1 798 000	5 283 000
Tax	380 000	773 000	215 000	822 000
Net Income	1 271 000	2 738 000	1 583 000	4 461 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 592 000	17 165 000	15 825 000	10 493 000
Total Current Assets	10 123 000	5 652 000	11 213 000	17 171 000
Total Assets	26 715 000	22 817 000	27 038 000	27 664 000
Total Retained Equity	189 000	211 000	980 000	650 000
Total Equity	5 660 000	5 681 000	6 450 000	6 120 000
Total Long-Term Debt	10 192 000	11 122 000	14 707 000	2 500 000
Total Current Debt	10 864 000	6 015 000	5 881 000	19 044 000
Total Equity and Debt	26 715 000	22 817 000	27 038 000	27 664 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 443 000	10 798 000	13 398 000	14 899 000
Other Income	2 008 000	3 695 000	0	0
Revenue	20 451 000	14 493 000	13 398 000	14 899 000
Cost of Goods Sold	5 332 000	3 618 000	5 010 000	2 096 000
Salary Costs	8 967 000	5 342 000	4 652 000	5 672 000
Depreciation	839 000	845 000	843 000	535 000
Impairment	0	0	0	0
Expenditure	18 122 000	10 415 000	11 203 000	9 651 000
Operating Profit	2 329 000	4 078 000	2 194 000	5 249 000
Financial Income	110 000	8 000	130 000	104 000
Financial Costs	788 000	576 000	526 000	70 000
Financial Balance	−678 000	−568 000	−396 000	34 000
Dividends	0	0	0	0
Net Income	1 271 000	2 738 000	1 583 000	4 461 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	15 017 000	15 273 000	13 623 000	10 390 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 527 000	1 831 000	2 122 000	0
Fixtures	49 000	61 000	80 000	103 000
Total Tangible Assets	1 575 000	1 892 000	2 203 000	103 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 592 000	17 165 000	15 825 000	10 493 000
Stock	390 000	390 000	0	2 386 000
Total Investments	0	0	0	0
Cash, Bank	354 000	346 000	178 000	1 687 000
Total Current Assets	10 123 000	5 652 000	11 213 000	17 171 000
Total Assets	26 715 000	22 817 000	27 038 000	27 664 000
Total Equity	5 660 000	5 681 000	6 450 000	6 120 000
Short-Term Group Debt	6 472 000	4 844 000	0	0
Total Long-Term Debt	10 192 000	11 122 000	14 707 000	2 500 000
Creditors	2 033 000	192 000	502 000	1 958 000
Unpaid Taxes	680 000	399 000	309 000	394 000
Dividends	0	0	0	0
Other Current Debt	830 000	580 000	3 943 000	16 690 000
Total Current Debt	10 864 000	6 015 000	5 881 000	19 044 000
Total Equity and Debt	26 715 000	22 817 000	27 038 000	27 664 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,46 %	48,2 %	24,54 %	72,89 %
Debt-to-Equity Ratio	1,8	1,96	2,28	0,41
Operating Profit Margin	11,39 %	28,14 %	16,38 %	35,23 %
Current Ratio	0,93	0,94	1,91	0,9
Quick Ratio	0,97	1	1,91	1,03
Equity Ratio	0,21	0,25	0,24	0,22
Gross Profit Margin	73,93 %	75,04 %	62,61 %	85,93 %