NORNER RESEARCH AS

3920 PORSGRUNN

Finances

Share Ownership

Return on Equity

−2 072,43 %

Current Ratio

0,94

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 137 000	22 163 000	20 246 000	15 628 000
Net Income	−11 274 000	−6 476 000	−5 800 000	−4 912 000
Total Assets	37 155 000	25 768 000	19 788 000	16 183 000
Total Equity	544 000	4 818 000	557 000	578 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 137 000	22 163 000	20 246 000	15 628 000
Expenditure	40 187 000	30 354 000	27 342 000	21 847 000
Operating Profit	−11 050 000	−8 192 000	−7 096 000	−6 220 000
Financial Income	22 000	60 000	51 000	18 000
Financial Costs	246 000	161 000	386 000	134 000
Financial Balance	−224 000	−101 000	−335 000	−116 000
Earnings Before Tax	−11 274 000	−8 292 000	−7 431 000	−6 336 000
Tax	0	−1 816 000	−1 630 000	−1 424 000
Net Income	−11 274 000	−6 476 000	−5 800 000	−4 912 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 574 000	2 574 000	3 786 000	3 786 000
Total Current Assets	34 581 000	23 194 000	16 002 000	12 397 000
Total Assets	37 155 000	25 768 000	19 788 000	16 183 000
Total Retained Equity	−31 302 000	−20 028 000	−13 552 000	−7 751 000
Total Equity	544 000	4 818 000	557 000	578 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	36 611 000	20 950 000	19 231 000	15 605 000
Total Equity and Debt	37 155 000	25 768 000	19 788 000	16 183 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 137 000	22 163 000	20 246 000	15 628 000
Other Income	0	0	0	0
Revenue	29 137 000	22 163 000	20 246 000	15 628 000
Cost of Goods Sold	2 642 000	2 325 000	1 830 000	1 836 000
Salary Costs	22 510 000	19 128 000	17 409 000	12 945 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	40 187 000	30 354 000	27 342 000	21 847 000
Operating Profit	−11 050 000	−8 192 000	−7 096 000	−6 220 000
Financial Income	22 000	60 000	51 000	18 000
Financial Costs	246 000	161 000	386 000	134 000
Financial Balance	−224 000	−101 000	−335 000	−116 000
Dividends	0	0	0	0
Net Income	−11 274 000	−6 476 000	−5 800 000	−4 912 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 574 000	2 574 000	3 786 000	3 786 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 574 000	2 574 000	3 786 000	3 786 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 537 000	2 849 000	3 337 000	3 582 000
Total Current Assets	34 581 000	23 194 000	16 002 000	12 397 000
Total Assets	37 155 000	25 768 000	19 788 000	16 183 000
Total Equity	544 000	4 818 000	557 000	578 000
Short-Term Group Debt	21 153 000	2 370 000	3 528 000	4 564 000
Total Long-Term Debt	0	0	0	0
Creditors	332 000	3 544 000	2 109 000	969 000
Unpaid Taxes	3 538 000	2 088 000	1 819 000	1 516 000
Dividends	0	0	0	0
Other Current Debt	11 588 000	12 947 000	11 775 000	8 556 000
Total Current Debt	36 611 000	20 950 000	19 231 000	15 605 000
Total Equity and Debt	37 155 000	25 768 000	19 788 000	16 183 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2 072,43 %	−134,41 %	−1 041,29 %	−849,83 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−37,92 %	−36,96 %	−35,05 %	−39,8 %
Current Ratio	0,94	1,11	0,83	0,79
Quick Ratio	0,94	1,11	0,83	0,79
Equity Ratio	0,01	0,19	0,03	0,04
Gross Profit Margin	90,93 %	89,51 %	90,96 %	88,25 %