NORWEGIAN QUALITY SERVICES AS

4550 FARSUND

Finances

Return on Equity

57 %

Current Ratio

1,75

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 833 000	1 341 000	1 033 000	1 587 000
Net Income	224 000	202 000	102 000	226 000
Total Assets	811 000	629 000	592 000	741 000
Total Equity	393 000	369 000	368 000	466 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 833 000	1 341 000	1 033 000	1 587 000
Expenditure	1 548 000	1 072 000	897 000	1 319 000
Operating Profit	285 000	269 000	136 000	268 000
Financial Income	10 000	4 000	1 000	11 000
Financial Costs	8 000	11 000	5 000	9 000
Financial Balance	2 000	−7 000	−4 000	2 000
Earnings Before Tax	287 000	262 000	132 000	270 000
Tax	63 000	60 000	30 000	44 000
Net Income	224 000	202 000	102 000	226 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	80 000	28 000	43 000	15 000
Total Current Assets	731 000	601 000	550 000	726 000
Total Assets	811 000	629 000	592 000	741 000
Total Retained Equity	363 000	339 000	338 000	436 000
Total Equity	393 000	369 000	368 000	466 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	418 000	259 000	224 000	275 000
Total Equity and Debt	811 000	629 000	592 000	741 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 833 000	1 341 000	1 033 000	1 587 000
Other Income	0	0	0	0
Revenue	1 833 000	1 341 000	1 033 000	1 587 000
Cost of Goods Sold	0	0	0	0
Salary Costs	855 000	756 000	615 000	746 000
Depreciation	8 000	15 000	10 000	5 000
Impairment	0	0	0	0
Expenditure	1 548 000	1 072 000	897 000	1 319 000
Operating Profit	285 000	269 000	136 000	268 000
Financial Income	10 000	4 000	1 000	11 000
Financial Costs	8 000	11 000	5 000	9 000
Financial Balance	2 000	−7 000	−4 000	2 000
Dividends	200 000	200 000	200 000	0
Net Income	224 000	202 000	102 000	226 000

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	20 000	28 000	43 000	15 000
Total Tangible Assets	20 000	28 000	43 000	15 000
Total Fiancial Fixed Assets	60 000	0	0	0
Total Fixed Assets	80 000	28 000	43 000	15 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	373 000	421 000	292 000	651 000
Total Current Assets	731 000	601 000	550 000	726 000
Total Assets	811 000	629 000	592 000	741 000
Total Equity	393 000	369 000	368 000	466 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	15 000	4 000	3 000
Unpaid Taxes	70 000	35 000	68 000	90 000
Dividends	200 000	200 000	200 000	0
Other Current Debt	82 000	149 000	122 000	138 000
Total Current Debt	418 000	259 000	224 000	275 000
Total Equity and Debt	811 000	629 000	592 000	741 000

Financial indicators	2022	2021	2020	2019
Return on Equity	57 %	54,74 %	27,72 %	48,5 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	15,55 %	20,06 %	13,17 %	16,89 %
Current Ratio	1,75	2,32	2,46	2,64
Quick Ratio	1,75	2,32	2,46	2,64
Equity Ratio	0,48	0,59	0,62	0,63
Gross Profit Margin	100 %	100 %	100 %	100 %