NORWAY CORPORATE SERVICES AS

1337 SANDVIKA

Finances

Return on Equity

14,21 %

Current Ratio

7,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	511 000	190 000	458 000	2 000
Net Income	199 000	224 000	1 171 000	−67 000
Total Assets	1 605 000	1 484 000	1 904 000	714 000
Total Equity	1 400 000	1 301 000	1 077 000	−94 000

Income (NOK)	2022	2021	2020	2019
Revenue	511 000	190 000	458 000	2 000
Expenditure	343 000	266 000	487 000	43 000
Operating Profit	168 000	−76 000	−28 000	−42 000
Financial Income	0	300 000	1 234 000	0
Financial Costs	0	0	0	0
Financial Balance	0	300 000	1 234 000	0
Earnings Before Tax	168 000	224 000	1 205 000	−42 000
Tax	−31 000	0	34 000	25 000
Net Income	199 000	224 000	1 171 000	−67 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	63 000	29 000	39 000	103 000
Total Current Assets	1 542 000	1 455 000	1 865 000	611 000
Total Assets	1 605 000	1 484 000	1 904 000	714 000
Total Retained Equity	1 300 000	1 201 000	977 000	−194 000
Total Equity	1 400 000	1 301 000	1 077 000	−94 000
Total Long-Term Debt	0	31 000	31 000	0
Total Current Debt	204 000	152 000	797 000	809 000
Total Equity and Debt	1 605 000	1 484 000	1 904 000	714 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	493 000	190 000	458 000	2 000
Other Income	18 000	0	0	0
Revenue	511 000	190 000	458 000	2 000
Cost of Goods Sold	1 000	2 000	14 000	0
Salary Costs	104 000	1 000	37 000	0
Depreciation	10 000	10 000	10 000	0
Impairment	0	0	0	0
Expenditure	343 000	266 000	487 000	43 000
Operating Profit	168 000	−76 000	−28 000	−42 000
Financial Income	0	300 000	1 234 000	0
Financial Costs	0	0	0	0
Financial Balance	0	300 000	1 234 000	0
Dividends	100 000	0	0	0
Net Income	199 000	224 000	1 171 000	−67 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	19 000	29 000	39 000	0
Total Tangible Assets	19 000	29 000	39 000	0
Total Fiancial Fixed Assets	44 000	0	0	100 000
Total Fixed Assets	63 000	29 000	39 000	103 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 335 000	1 431 000	1 834 000	611 000
Total Current Assets	1 542 000	1 455 000	1 865 000	611 000
Total Assets	1 605 000	1 484 000	1 904 000	714 000
Total Equity	1 400 000	1 301 000	1 077 000	−94 000
Short-Term Group Debt	143 000	0	0	806 000
Total Long-Term Debt	0	31 000	31 000	0
Creditors	7 000	1 000	5 000	0
Unpaid Taxes	43 000	4 000	10 000	0
Dividends	100 000	0	0	0
Other Current Debt	11 000	147 000	782 000	3 000
Total Current Debt	204 000	152 000	797 000	809 000
Total Equity and Debt	1 605 000	1 484 000	1 904 000	714 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,21 %	17,22 %	108,73 %	71,28 %
Debt-to-Equity Ratio	0	0,02	0,03	−0
Operating Profit Margin	32,88 %	−40 %	−6,11 %	−2 100 %
Current Ratio	7,56	9,57	2,34	0,76
Quick Ratio	7,56	9,57	2,34	0,76
Equity Ratio	0,87	0,88	0,57	−0,13
Gross Profit Margin	99,8 %	98,95 %	96,94 %	100 %