ICENOR AS

7550 HOMMELVIK

Finances

Return on Equity

28,15 %

Current Ratio

1,5

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	70 092 000	102 334 000	193 269 000	100 552 000
Net Income	1 848 000	1 267 000	1 979 000	998 000
Total Assets	19 293 000	16 598 000	21 242 000	11 551 000
Total Equity	6 564 000	4 966 000	4 599 000	3 620 000

Income (NOK)	2022	2021	2020	2019
Revenue	70 092 000	102 334 000	193 269 000	100 552 000
Expenditure	68 847 000	100 315 000	189 634 000	98 885 000
Operating Profit	1 245 000	2 019 000	3 634 000	1 667 000
Financial Income	2 382 000	2 228 000	3 103 000	659 000
Financial Costs	1 219 000	2 592 000	4 173 000	1 033 000
Financial Balance	1 163 000	−364 000	−1 070 000	−374 000
Earnings Before Tax	2 409 000	1 655 000	2 565 000	1 293 000
Tax	562 000	388 000	586 000	295 000
Net Income	1 848 000	1 267 000	1 979 000	998 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 455 000	412 000	451 000	766 000
Total Current Assets	17 838 000	16 187 000	20 791 000	10 785 000
Total Assets	19 293 000	16 598 000	21 242 000	11 551 000
Total Retained Equity	6 534 000	4 936 000	4 569 000	3 590 000
Total Equity	6 564 000	4 966 000	4 599 000	3 620 000
Total Long-Term Debt	800 000	8 836 000	7 454 000	800 000
Total Current Debt	11 929 000	2 796 000	9 189 000	7 131 000
Total Equity and Debt	19 293 000	16 598 000	21 242 000	11 551 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	70 092 000	102 334 000	192 002 000	101 091 000
Other Income	0	0	1 267 000	−539 000
Revenue	70 092 000	102 334 000	193 269 000	100 552 000
Cost of Goods Sold	65 383 000	95 989 000	187 255 000	96 449 000
Salary Costs	1 525 000	1 514 000	1 419 000	1 350 000
Depreciation	103 000	58 000	15 000	0
Impairment	0	0	0	0
Expenditure	68 847 000	100 315 000	189 634 000	98 885 000
Operating Profit	1 245 000	2 019 000	3 634 000	1 667 000
Financial Income	2 382 000	2 228 000	3 103 000	659 000
Financial Costs	1 219 000	2 592 000	4 173 000	1 033 000
Financial Balance	1 163 000	−364 000	−1 070 000	−374 000
Dividends	250 000	0	1 000 000	500 000
Net Income	1 848 000	1 267 000	1 979 000	998 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	105 000	0	34 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 224 000	287 000	292 000	141 000
Total Tangible Assets	1 224 000	287 000	292 000	141 000
Total Fiancial Fixed Assets	125 000	125 000	125 000	625 000
Total Fixed Assets	1 455 000	412 000	451 000	766 000
Stock	4 661 000	0	2 722 000	2 693 000
Total Investments	0	0	0	0
Cash, Bank	7 144 000	2 624 000	15 130 000	4 213 000
Total Current Assets	17 838 000	16 187 000	20 791 000	10 785 000
Total Assets	19 293 000	16 598 000	21 242 000	11 551 000
Total Equity	6 564 000	4 966 000	4 599 000	3 620 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	800 000	8 836 000	7 454 000	800 000
Creditors	9 491 000	1 165 000	6 036 000	4 077 000
Unpaid Taxes	1 308 000	192 000	1 361 000	2 082 000
Dividends	250 000	0	1 000 000	500 000
Other Current Debt	211 000	187 000	172 000	178 000
Total Current Debt	11 929 000	2 796 000	9 189 000	7 131 000
Total Equity and Debt	19 293 000	16 598 000	21 242 000	11 551 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,15 %	25,51 %	43,03 %	27,57 %
Debt-to-Equity Ratio	0,12	1,78	1,62	0,22
Operating Profit Margin	1,78 %	1,97 %	1,88 %	1,66 %
Current Ratio	1,5	5,79	2,26	1,51
Quick Ratio	2,45	5,79	3,21	2,43
Equity Ratio	0,34	0,3	0,22	0,31
Gross Profit Margin	6,72 %	6,2 %	3,11 %	4,08 %