NORVEGAN AS

0183 OSLO

Finances

Share Ownership

Return on Equity

−165,22 %

Current Ratio

0,43

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 464 000	1 458 000	598 000	53 000
Net Income	−38 000	74 000	−39 000	−26 000
Total Assets	154 000	257 000	219 000	125 000
Total Equity	23 000	61 000	−4 000	4 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 464 000	1 458 000	598 000	53 000
Expenditure	1 500 000	1 378 000	636 000	78 000
Operating Profit	−36 000	81 000	−37 000	−26 000
Financial Income	0	0	0	0
Financial Costs	2 000	2 000	2 000	0
Financial Balance	−2 000	−2 000	−2 000	0
Earnings Before Tax	−38 000	79 000	−39 000	−26 000
Tax	0	5 000	0	0
Net Income	−38 000	74 000	−39 000	−26 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	98 000	98 000	0	0
Total Current Assets	56 000	159 000	219 000	125 000
Total Assets	154 000	257 000	219 000	125 000
Total Retained Equity	−37 000	1 000	−64 000	−26 000
Total Equity	23 000	61 000	−4 000	4 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	131 000	196 000	223 000	121 000
Total Equity and Debt	154 000	257 000	219 000	125 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 464 000	1 458 000	88 000	53 000
Other Income	0	0	510 000	0
Revenue	1 464 000	1 458 000	598 000	53 000
Cost of Goods Sold	969 000	894 000	293 000	2 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 500 000	1 378 000	636 000	78 000
Operating Profit	−36 000	81 000	−37 000	−26 000
Financial Income	0	0	0	0
Financial Costs	2 000	2 000	2 000	0
Financial Balance	−2 000	−2 000	−2 000	0
Dividends	0	9 000	0	0
Net Income	−38 000	74 000	−39 000	−26 000

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	98 000	98 000	0	0
Total Fixed Assets	98 000	98 000	0	0
Stock	37 000	36 000	30 000	30 000
Total Investments	0	0	0	0
Cash, Bank	19 000	123 000	91 000	23 000
Total Current Assets	56 000	159 000	219 000	125 000
Total Assets	154 000	257 000	219 000	125 000
Total Equity	23 000	61 000	−4 000	4 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	101 000	45 000	0	27 000
Unpaid Taxes	0	0	2 000	−7 000
Dividends	0	9 000	0	0
Other Current Debt	30 000	137 000	166 000	101 000
Total Current Debt	131 000	196 000	223 000	121 000
Total Equity and Debt	154 000	257 000	219 000	125 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−165,22 %	121,31 %	975 %	−650 %
Debt-to-Equity Ratio	0	0	−0	0
Operating Profit Margin	−2,46 %	5,56 %	−6,19 %	−49,06 %
Current Ratio	0,43	0,81	0,98	1,03
Quick Ratio	0,6	0,99	1,13	1,37
Equity Ratio	0,15	0,24	−0,02	0,03
Gross Profit Margin	33,81 %	38,68 %	51 %	96,23 %