NORDIC STATE AS

3264 LARVIK

Finances

Share Ownership

Return on Equity

0,98 %

Current Ratio

1,54

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 513 000	1 241 000	811 000	895 000
Net Income	2 000	233 000	−162 000	19 000
Total Assets	560 000	522 000	372 000	527 000
Total Equity	205 000	203 000	−30 000	131 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 513 000	1 241 000	811 000	895 000
Expenditure	1 511 000	967 000	972 000	871 000
Operating Profit	3 000	274 000	−160 000	23 000
Financial Income	0	0	0	0
Financial Costs	0	21 000	1 000	0
Financial Balance	0	−21 000	−1 000	0
Earnings Before Tax	2 000	254 000	−162 000	24 000
Tax	1 000	21 000	0	5 000
Net Income	2 000	233 000	−162 000	19 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 000	0	0	0
Total Current Assets	547 000	522 000	372 000	527 000
Total Assets	560 000	522 000	372 000	527 000
Total Retained Equity	175 000	173 000	−60 000	101 000
Total Equity	205 000	203 000	−30 000	131 000
Total Long-Term Debt	1 000	0	0	0
Total Current Debt	355 000	319 000	402 000	396 000
Total Equity and Debt	560 000	522 000	372 000	527 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 513 000	1 025 000	811 000	895 000
Other Income	0	216 000	0	0
Revenue	1 513 000	1 241 000	811 000	895 000
Cost of Goods Sold	343 000	176 000	187 000	133 000
Salary Costs	882 000	633 000	588 000	566 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 511 000	967 000	972 000	871 000
Operating Profit	3 000	274 000	−160 000	23 000
Financial Income	0	0	0	0
Financial Costs	0	21 000	1 000	0
Financial Balance	0	−21 000	−1 000	0
Dividends	0	0	0	0
Net Income	2 000	233 000	−162 000	19 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	13 000	0	0	0
Total Fixed Assets	13 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	448 000	314 000	284 000	256 000
Total Current Assets	547 000	522 000	372 000	527 000
Total Assets	560 000	522 000	372 000	527 000
Total Equity	205 000	203 000	−30 000	131 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	0	0	0
Creditors	41 000	2 000	40 000	46 000
Unpaid Taxes	110 000	72 000	246 000	175 000
Dividends	0	0	0	0
Other Current Debt	204 000	220 000	117 000	170 000
Total Current Debt	355 000	319 000	402 000	396 000
Total Equity and Debt	560 000	522 000	372 000	527 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,98 %	114,78 %	540 %	14,5 %
Debt-to-Equity Ratio	0	0	−0	0
Operating Profit Margin	0,2 %	22,08 %	−19,73 %	2,57 %
Current Ratio	1,54	1,64	0,93	1,33
Quick Ratio	1,54	1,64	0,93	1,33
Equity Ratio	0,37	0,39	−0,08	0,25
Gross Profit Margin	77,33 %	85,82 %	76,94 %	85,14 %