NOVASOLO AS

3261 LARVIK

Finances

Share Ownership

Return on Equity

9,72 %

Current Ratio

1,92

Debt-to-Equity Ratio

0,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	44 699 000	32 014 000	26 345 000	37 300 000
Net Income	1 050 000	243 000	1 330 000	1 254 000
Total Assets	27 502 000	26 051 000	16 354 000	27 168 000
Total Equity	10 797 000	10 254 000	10 011 000	23 748 000

Income (NOK)	2022	2021	2020	2019
Revenue	44 699 000	32 014 000	26 345 000	37 300 000
Expenditure	42 476 000	30 985 000	24 497 000	35 754 000
Operating Profit	2 223 000	1 028 000	1 849 000	1 545 000
Financial Income	105 000	3 000	79 000	155 000
Financial Costs	979 000	698 000	221 000	1 000
Financial Balance	−874 000	−695 000	−142 000	154 000
Earnings Before Tax	1 349 000	333 000	1 706 000	1 699 000
Tax	299 000	90 000	376 000	446 000
Net Income	1 050 000	243 000	1 330 000	1 254 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	564 000	249 000	567 000	152 000
Total Current Assets	26 939 000	25 802 000	15 787 000	27 016 000
Total Assets	27 502 000	26 051 000	16 354 000	27 168 000
Total Retained Equity	10 697 000	10 154 000	9 911 000	10 079 000
Total Equity	10 797 000	10 254 000	10 011 000	23 748 000
Total Long-Term Debt	2 653 000	2 653 000	0	0
Total Current Debt	14 052 000	13 143 000	6 343 000	3 420 000
Total Equity and Debt	27 502 000	26 051 000	16 354 000	27 168 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	44 695 000	31 913 000	26 230 000	37 276 000
Other Income	5 000	101 000	115 000	24 000
Revenue	44 699 000	32 014 000	26 345 000	37 300 000
Cost of Goods Sold	23 764 000	17 674 000	12 547 000	20 507 000
Salary Costs	5 748 000	5 000 000	4 091 000	4 494 000
Depreciation	42 000	33 000	27 000	119 000
Impairment	0	0	0	0
Expenditure	42 476 000	30 985 000	24 497 000	35 754 000
Operating Profit	2 223 000	1 028 000	1 849 000	1 545 000
Financial Income	105 000	3 000	79 000	155 000
Financial Costs	979 000	698 000	221 000	1 000
Financial Balance	−874 000	−695 000	−142 000	154 000
Dividends	0	0	0	846 000
Net Income	1 050 000	243 000	1 330 000	1 254 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	236 000	249 000	246 000	42 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	328 000	0	33 000	60 000
Total Tangible Assets	328 000	0	33 000	60 000
Total Fiancial Fixed Assets	0	0	287 000	50 000
Total Fixed Assets	564 000	249 000	567 000	152 000
Stock	23 050 000	21 225 000	11 234 000	15 152 000
Total Investments	0	0	0	0
Cash, Bank	195 000	207 000	860 000	11 198 000
Total Current Assets	26 939 000	25 802 000	15 787 000	27 016 000
Total Assets	27 502 000	26 051 000	16 354 000	27 168 000
Total Equity	10 797 000	10 254 000	10 011 000	23 748 000
Short-Term Group Debt	651 000	0	0	0
Total Long-Term Debt	2 653 000	2 653 000	0	0
Creditors	6 674 000	5 666 000	769 000	80 000
Unpaid Taxes	2 213 000	3 921 000	2 007 000	1 613 000
Dividends	0	0	0	846 000
Other Current Debt	502 000	615 000	423 000	424 000
Total Current Debt	14 052 000	13 143 000	6 343 000	3 420 000
Total Equity and Debt	27 502 000	26 051 000	16 354 000	27 168 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,72 %	2,37 %	13,29 %	5,28 %
Debt-to-Equity Ratio	0,25	0,26	0	0
Operating Profit Margin	4,97 %	3,21 %	7,02 %	4,14 %
Current Ratio	1,92	1,96	2,49	7,9
Quick Ratio	−2,99	−3,19	−3,23	−2,3
Equity Ratio	0,39	0,39	0,61	0,87
Gross Profit Margin	46,84 %	44,79 %	52,37 %	45,02 %