NORVACO AS

6003 ÅLESUND

Finances

Return on Equity

8,86 %

Current Ratio

6,8

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 078 000	21 714 000	22 278 000	29 441 000
Net Income	470 000	775 000	823 000	656 000
Total Assets	6 709 000	6 347 000	8 657 000	8 283 000
Total Equity	5 306 000	4 836 000	4 060 000	3 238 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 078 000	21 714 000	22 278 000	29 441 000
Expenditure	9 765 000	20 534 000	21 234 000	28 416 000
Operating Profit	312 000	1 180 000	1 043 000	1 026 000
Financial Income	323 000	0	180 000	103 000
Financial Costs	120 000	185 000	218 000	311 000
Financial Balance	203 000	−185 000	−38 000	−208 000
Earnings Before Tax	515 000	994 000	1 005 000	818 000
Tax	44 000	219 000	183 000	162 000
Net Income	470 000	775 000	823 000	656 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 250 000	1 250 000	1 250 000	1 000 000
Total Current Assets	5 459 000	5 097 000	7 407 000	7 283 000
Total Assets	6 709 000	6 347 000	8 657 000	8 283 000
Total Retained Equity	4 556 000	4 086 000	3 310 000	2 488 000
Total Equity	5 306 000	4 836 000	4 060 000	3 238 000
Total Long-Term Debt	600 000	600 000	600 000	600 000
Total Current Debt	803 000	911 000	3 997 000	4 446 000
Total Equity and Debt	6 709 000	6 347 000	8 657 000	8 283 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 078 000	21 714 000	22 262 000	29 441 000
Other Income	0	0	16 000	0
Revenue	10 078 000	21 714 000	22 278 000	29 441 000
Cost of Goods Sold	8 265 000	19 055 000	19 934 000	27 181 000
Salary Costs	1 215 000	1 199 000	1 038 000	984 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 765 000	20 534 000	21 234 000	28 416 000
Operating Profit	312 000	1 180 000	1 043 000	1 026 000
Financial Income	323 000	0	180 000	103 000
Financial Costs	120 000	185 000	218 000	311 000
Financial Balance	203 000	−185 000	−38 000	−208 000
Dividends	0	0	0	0
Net Income	470 000	775 000	823 000	656 000

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	1 250 000	1 250 000	1 250 000	1 000 000
Total Fixed Assets	1 250 000	1 250 000	1 250 000	1 000 000
Stock	3 449 000	2 877 000	5 459 000	4 990 000
Total Investments	0	0	0	0
Cash, Bank	104 000	1 206 000	33 000	31 000
Total Current Assets	5 459 000	5 097 000	7 407 000	7 283 000
Total Assets	6 709 000	6 347 000	8 657 000	8 283 000
Total Equity	5 306 000	4 836 000	4 060 000	3 238 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	600 000	600 000	600 000	600 000
Creditors	80 000	379 000	264 000	78 000
Unpaid Taxes	159 000	155 000	153 000	72 000
Dividends	0	0	0	0
Other Current Debt	137 000	159 000	201 000	111 000
Total Current Debt	803 000	911 000	3 997 000	4 446 000
Total Equity and Debt	6 709 000	6 347 000	8 657 000	8 283 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,86 %	16,03 %	20,27 %	20,26 %
Debt-to-Equity Ratio	0,11	0,12	0,15	0,19
Operating Profit Margin	3,1 %	5,43 %	4,68 %	3,48 %
Current Ratio	6,8	5,59	1,85	1,64
Quick Ratio	−2,06	−2,59	−5,07	−13,39
Equity Ratio	0,79	0,76	0,47	0,39
Gross Profit Margin	17,99 %	12,25 %	10,52 %	7,68 %