NORSOLAR AS

4331 ÅLGÅRD

Finances

Share Ownership

Return on Equity

56,57 %

Current Ratio

1,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 199 000	2 412 000	3 326 000	4 109 000
Net Income	951 000	−246 000	−87 000	1 000
Total Assets	5 039 000	1 803 000	1 546 000	1 753 000
Total Equity	1 681 000	948 000	1 194 000	1 281 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 199 000	2 412 000	3 326 000	4 109 000
Expenditure	9 124 000	2 657 000	3 413 000	4 108 000
Operating Profit	1 075 000	−245 000	−87 000	1 000
Financial Income	0	0	0	0
Financial Costs	6 000	0	1 000	0
Financial Balance	−6 000	0	−1 000	0
Earnings Before Tax	1 069 000	−246 000	−87 000	1 000
Tax	118 000	0	0	0
Net Income	951 000	−246 000	−87 000	1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	5 039 000	1 803 000	1 546 000	1 753 000
Total Assets	5 039 000	1 803 000	1 546 000	1 753 000
Total Retained Equity	181 000	−539 000	−293 000	−206 000
Total Equity	1 681 000	948 000	1 194 000	1 281 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 358 000	854 000	352 000	471 000
Total Equity and Debt	5 039 000	1 803 000	1 546 000	1 753 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 199 000	2 412 000	3 326 000	4 109 000
Other Income	0	0	0	0
Revenue	10 199 000	2 412 000	3 326 000	4 109 000
Cost of Goods Sold	7 364 000	1 332 000	2 190 000	2 641 000
Salary Costs	1 411 000	1 074 000	962 000	1 162 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 124 000	2 657 000	3 413 000	4 108 000
Operating Profit	1 075 000	−245 000	−87 000	1 000
Financial Income	0	0	0	0
Financial Costs	6 000	0	1 000	0
Financial Balance	−6 000	0	−1 000	0
Dividends	0	0	0	0
Net Income	951 000	−246 000	−87 000	1 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	1 047 000	1 044 000	1 025 000	1 611 000
Total Investments	0	0	0	0
Cash, Bank	85 000	415 000	378 000	103 000
Total Current Assets	5 039 000	1 803 000	1 546 000	1 753 000
Total Assets	5 039 000	1 803 000	1 546 000	1 753 000
Total Equity	1 681 000	948 000	1 194 000	1 281 000
Short-Term Group Debt	680 000	200 000	0	100 000
Total Long-Term Debt	0	0	0	0
Creditors	1 583 000	338 000	71 000	21 000
Unpaid Taxes	903 000	212 000	194 000	244 000
Dividends	0	0	0	0
Other Current Debt	136 000	104 000	88 000	106 000
Total Current Debt	3 358 000	854 000	352 000	471 000
Total Equity and Debt	5 039 000	1 803 000	1 546 000	1 753 000

Financial indicators	2022	2021	2020	2019
Return on Equity	56,57 %	−25,95 %	−7,29 %	0,08 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,54 %	−10,16 %	−2,62 %	0,02 %
Current Ratio	1,5	2,11	4,39	3,72
Quick Ratio	2,18	−9,49	−2,3	−1,54
Equity Ratio	0,33	0,53	0,77	0,73
Gross Profit Margin	27,8 %	44,78 %	34,16 %	35,73 %