NORSK RØRSERVICE AS

0350 OSLO

Finances

Return on Equity

235,65 %

Current Ratio

1,06

Debt-to-Equity Ratio

5,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 552 000	32 091 000	19 556 000	16 756 000
Net Income	542 000	96 000	332 000	499 000
Total Assets	10 790 000	8 807 000	5 407 000	4 317 000
Total Equity	230 000	173 000	632 000	300 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 552 000	32 091 000	19 556 000	16 756 000
Expenditure	51 745 000	31 897 000	19 087 000	16 146 000
Operating Profit	806 000	194 000	469 000	610 000
Financial Income	17 000	7 000	3 000	2 000
Financial Costs	101 000	68 000	46 000	−5 000
Financial Balance	−84 000	−61 000	−43 000	7 000
Earnings Before Tax	723 000	133 000	426 000	617 000
Tax	180 000	36 000	94 000	119 000
Net Income	542 000	96 000	332 000	499 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	871 000	1 594 000	1 226 000	933 000
Total Current Assets	9 919 000	7 213 000	4 181 000	3 384 000
Total Assets	10 790 000	8 807 000	5 407 000	4 317 000
Total Retained Equity	−70 000	−127 000	332 000	0
Total Equity	230 000	173 000	632 000	300 000
Total Long-Term Debt	1 240 000	1 404 000	1 322 000	845 000
Total Current Debt	9 319 000	7 230 000	3 453 000	3 172 000
Total Equity and Debt	10 790 000	8 807 000	5 407 000	4 317 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	52 509 000	31 947 000	19 551 000	16 756 000
Other Income	42 000	144 000	5 000	0
Revenue	52 552 000	32 091 000	19 556 000	16 756 000
Cost of Goods Sold	30 506 000	18 339 000	10 268 000	8 135 000
Salary Costs	16 869 000	9 874 000	6 395 000	5 869 000
Depreciation	407 000	319 000	231 000	58 000
Impairment	0	0	0	0
Expenditure	51 745 000	31 897 000	19 087 000	16 146 000
Operating Profit	806 000	194 000	469 000	610 000
Financial Income	17 000	7 000	3 000	2 000
Financial Costs	101 000	68 000	46 000	−5 000
Financial Balance	−84 000	−61 000	−43 000	7 000
Dividends	485 000	555 000	0	564 000
Net Income	542 000	96 000	332 000	499 000

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	816 000	1 127 000	1 109 000	800 000
Total Tangible Assets	816 000	1 127 000	1 109 000	800 000
Total Fiancial Fixed Assets	55 000	467 000	118 000	133 000
Total Fixed Assets	871 000	1 594 000	1 226 000	933 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 732 000	3 236 000	2 669 000	1 778 000
Total Current Assets	9 919 000	7 213 000	4 181 000	3 384 000
Total Assets	10 790 000	8 807 000	5 407 000	4 317 000
Total Equity	230 000	173 000	632 000	300 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 240 000	1 404 000	1 322 000	845 000
Creditors	3 524 000	4 085 000	1 849 000	995 000
Unpaid Taxes	2 958 000	1 357 000	770 000	799 000
Dividends	485 000	555 000	0	564 000
Other Current Debt	2 629 000	1 191 000	766 000	705 000
Total Current Debt	9 319 000	7 230 000	3 453 000	3 172 000
Total Equity and Debt	10 790 000	8 807 000	5 407 000	4 317 000

Financial indicators	2022	2021	2020	2019
Return on Equity	235,65 %	55,49 %	52,53 %	166,33 %
Debt-to-Equity Ratio	5,39	8,12	2,09	2,82
Operating Profit Margin	1,53 %	0,6 %	2,4 %	3,64 %
Current Ratio	1,06	1	1,21	1,07
Quick Ratio	1,06	1	1,21	1,07
Equity Ratio	0,02	0,02	0,12	0,07
Gross Profit Margin	41,95 %	42,85 %	47,49 %	51,45 %