NORSE RENTAL AS

4313 SANDNES

Finances

Share Ownership

Return on Equity

−1,47 %

Current Ratio

0,16

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019	2018
Revenue	3 620 000	481 000	283 000	2 227 000
Net Income	30 000	−1 380 000	−1 987 000	42 000
Total Assets	518 000	1 225 000	1 432 000	1 362 000
Total Equity	−2 045 000	−2 104 000	−724 000	1 263 000

Income (NOK)	2021	2020	2019	2018
Revenue	3 620 000	481 000	283 000	2 227 000
Expenditure	3 578 000	1 847 000	2 240 000	2 177 000
Operating Profit	42 000	−1 365 000	−1 957 000	50 000
Financial Income	4 000	0	1 000	27 000
Financial Costs	4 000	15 000	31 000	35 000
Financial Balance	0	−15 000	−30 000	−8 000
Earnings Before Tax	42 000	−1 380 000	−1 987 000	42 000
Tax	12 000	0	0	0
Net Income	30 000	−1 380 000	−1 987 000	42 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	98 000	364 000	634 000	477 000
Total Current Assets	421 000	861 000	798 000	885 000
Total Assets	518 000	1 225 000	1 432 000	1 362 000
Total Retained Equity	−2 165 000	−2 224 000	−844 000	−17 000
Total Equity	−2 045 000	−2 104 000	−724 000	1 263 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 563 000	3 330 000	2 156 000	99 000
Total Equity and Debt	518 000	1 225 000	1 432 000	1 362 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	3 620 000	481 000	283 000	2 227 000
Other Income	0	0	0	0
Revenue	3 620 000	481 000	283 000	2 227 000
Cost of Goods Sold	2 767 000	68 000	65 000	1 444 000
Salary Costs	0	0	0	0
Depreciation	266 000	290 000	209 000	203 000
Impairment	0	0	0	0
Expenditure	3 578 000	1 847 000	2 240 000	2 177 000
Operating Profit	42 000	−1 365 000	−1 957 000	50 000
Financial Income	4 000	0	1 000	27 000
Financial Costs	4 000	15 000	31 000	35 000
Financial Balance	0	−15 000	−30 000	−8 000
Dividends	0	0	0	0
Net Income	30 000	−1 380 000	−1 987 000	42 000

Balance details (NOK)	2021	2020	2019	2018
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	98 000	364 000	634 000	441 000
Total Tangible Assets	98 000	364 000	634 000	441 000
Total Fiancial Fixed Assets	0	0	0	36 000
Total Fixed Assets	98 000	364 000	634 000	477 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	49 000	77 000	0	149 000
Total Current Assets	421 000	861 000	798 000	885 000
Total Assets	518 000	1 225 000	1 432 000	1 362 000
Total Equity	−2 045 000	−2 104 000	−724 000	1 263 000
Short-Term Group Debt	2 267 000	2 583 000	741 000	0
Total Long-Term Debt	0	0	0	0
Creditors	284 000	735 000	865 000	99 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	12 000	12 000	550 000	0
Total Current Debt	2 563 000	3 330 000	2 156 000	99 000
Total Equity and Debt	518 000	1 225 000	1 432 000	1 362 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−1,47 %	65,59 %	274,45 %	3,33 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	1,16 %	−283,78 %	−691,52 %	2,25 %
Current Ratio	0,16	0,26	0,37	8,94
Quick Ratio	0,16	0,26	0,37	8,94
Equity Ratio	−3,95	−1,72	−0,51	0,93
Gross Profit Margin	23,56 %	85,86 %	77,03 %	35,16 %