NORSK ØRRET AS

4440 TONSTAD

Finances

Return on Equity

−65 %

Current Ratio

2,24

Debt-to-Equity Ratio

1,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 629 000	10 084 000	8 095 000	4 460 000
Net Income	−14 225 000	−20 659 000	−8 936 000	−4 947 000
Total Assets	97 966 000	50 471 000	44 510 000	32 715 000
Total Equity	21 883 000	4 908 000	467 000	9 403 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 629 000	10 084 000	8 095 000	4 460 000
Expenditure	37 394 000	35 197 000	25 639 000	21 142 000
Operating Profit	−20 674 000	−19 773 000	−10 700 000	−5 729 000
Financial Income	1 000	1 000	1 000	3 000
Financial Costs	2 737 000	887 000	783 000	641 000
Financial Balance	−2 736 000	−886 000	−782 000	−638 000
Earnings Before Tax	−23 411 000	−20 659 000	−11 482 000	−6 367 000
Tax	−9 185 000	0	−2 546 000	−1 420 000
Net Income	−14 225 000	−20 659 000	−8 936 000	−4 947 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 420 000	17 221 000	16 806 000	12 925 000
Total Current Assets	79 546 000	33 250 000	27 704 000	19 790 000
Total Assets	97 966 000	50 471 000	44 510 000	32 715 000
Total Retained Equity	−15 116 000	−39 013 000	−21 353 000	−12 417 000
Total Equity	21 883 000	4 908 000	467 000	9 403 000
Total Long-Term Debt	40 617 000	16 236 000	20 674 000	3 011 000
Total Current Debt	35 466 000	29 326 000	23 369 000	20 301 000
Total Equity and Debt	97 966 000	50 471 000	44 510 000	32 715 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 321 000	9 994 000	7 930 000	4 351 000
Other Income	308 000	90 000	165 000	109 000
Revenue	14 629 000	10 084 000	8 095 000	4 460 000
Cost of Goods Sold	24 732 000	20 919 000	15 265 000	13 472 000
Salary Costs	4 758 000	4 765 000	3 616 000	2 680 000
Depreciation	1 714 000	1 793 000	1 318 000	962 000
Impairment	0	0	0	0
Expenditure	37 394 000	35 197 000	25 639 000	21 142 000
Operating Profit	−20 674 000	−19 773 000	−10 700 000	−5 729 000
Financial Income	1 000	1 000	1 000	3 000
Financial Costs	2 737 000	887 000	783 000	641 000
Financial Balance	−2 736 000	−886 000	−782 000	−638 000
Dividends	0	0	0	0
Net Income	−14 225 000	−20 659 000	−8 936 000	−4 947 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 779 000	6 430 000	6 489 000	4 003 000
Real Eastate	3 559 000	0	0	0
Machinery and Plant Facilities	6 085 000	9 001 000	9 715 000	8 151 000
Fixtures	0	91 000	306 000	413 000
Total Tangible Assets	10 985 000	10 557 000	10 021 000	8 564 000
Total Fiancial Fixed Assets	656 000	233 000	296 000	358 000
Total Fixed Assets	18 420 000	17 221 000	16 806 000	12 925 000
Stock	37 810 000	32 184 000	26 554 000	18 802 000
Total Investments	0	0	0	0
Cash, Bank	177 000	141 000	145 000	98 000
Total Current Assets	79 546 000	33 250 000	27 704 000	19 790 000
Total Assets	97 966 000	50 471 000	44 510 000	32 715 000
Total Equity	21 883 000	4 908 000	467 000	9 403 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	40 617 000	16 236 000	20 674 000	3 011 000
Creditors	6 664 000	1 307 000	1 846 000	1 542 000
Unpaid Taxes	261 000	208 000	215 000	145 000
Dividends	0	0	0	0
Other Current Debt	3 632 000	1 645 000	1 311 000	1 958 000
Total Current Debt	35 466 000	29 326 000	23 369 000	20 301 000
Total Equity and Debt	97 966 000	50 471 000	44 510 000	32 715 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−65 %	−420,93 %	−1 913,49 %	−52,61 %
Debt-to-Equity Ratio	1,86	3,31	44,27	0,32
Operating Profit Margin	−141,32 %	−196,08 %	−132,18 %	−128,45 %
Current Ratio	2,24	1,13	1,19	0,97
Quick Ratio	−33,94	−11,63	−8,7	13,2
Equity Ratio	0,22	0,1	0,01	0,29
Gross Profit Margin	−69,06 %	−107,45 %	−88,57 %	−202,06 %