NORNEC AS

1338 SANDVIKA

Finances

Share Ownership

Return on Equity

6,52 %

Current Ratio

2,86

Debt-to-Equity Ratio

−0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 000	216 000	23 000	261 000
Net Income	12 000	−20 000	43 000	−36 000
Total Assets	184 000	99 000	72 000	13 000
Total Equity	184 000	10 000	84 000	13 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 000	216 000	23 000	261 000
Expenditure	17 000	183 000	−32 000	297 000
Operating Profit	19 000	34 000	55 000	−36 000
Financial Income	0	2 000	0	0
Financial Costs	0	0	0	0
Financial Balance	0	2 000	0	0
Earnings Before Tax	18 000	36 000	55 000	−36 000
Tax	7 000	56 000	12 000	0
Net Income	12 000	−20 000	43 000	−36 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	121 000	86 000	86 000	4 000
Total Current Assets	63 000	13 000	−14 000	9 000
Total Assets	184 000	99 000	72 000	13 000
Total Retained Equity	154 000	−20 000	−10 000	−17 000
Total Equity	184 000	10 000	84 000	13 000
Total Long-Term Debt	−22 000	−15 000	−30 000	−20 000
Total Current Debt	22 000	104 000	18 000	20 000
Total Equity and Debt	184 000	99 000	72 000	13 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 000	216 000	23 000	261 000
Other Income	0	0	0	0
Revenue	35 000	216 000	23 000	261 000
Cost of Goods Sold	0	0	4 000	73 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	17 000	183 000	−32 000	297 000
Operating Profit	19 000	34 000	55 000	−36 000
Financial Income	0	2 000	0	0
Financial Costs	0	0	0	0
Financial Balance	0	2 000	0	0
Dividends	0	0	0	0
Net Income	12 000	−20 000	43 000	−36 000

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	86 000	86 000	86 000	4 000
Total Tangible Assets	86 000	86 000	86 000	4 000
Total Fiancial Fixed Assets	34 000	0	0	0
Total Fixed Assets	121 000	86 000	86 000	4 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	63 000	57 000	0	9 000
Total Current Assets	63 000	13 000	−14 000	9 000
Total Assets	184 000	99 000	72 000	13 000
Total Equity	184 000	10 000	84 000	13 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	−22 000	−15 000	−30 000	−20 000
Creditors	4 000	14 000	16 000	0
Unpaid Taxes	0	4 000	2 000	19 000
Dividends	0	0	0	0
Other Current Debt	14 000	0	0	1 000
Total Current Debt	22 000	104 000	18 000	20 000
Total Equity and Debt	184 000	99 000	72 000	13 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,52 %	−200 %	51,19 %	−276,92 %
Debt-to-Equity Ratio	−0,12	−1,5	−0,36	−1,54
Operating Profit Margin	54,29 %	15,74 %	239,13 %	−13,79 %
Current Ratio	2,86	0,13	−0,78	0,45
Quick Ratio	2,86	0,13	−0,78	0,45
Equity Ratio	1	0,1	1,17	1
Gross Profit Margin	100 %	100 %	82,61 %	72,03 %