NORSE CUTTING AS

4050 SOLA

Finances

Share Ownership

Return on Equity

25,98 %

Current Ratio

1,23

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	63 842 000	61 931 000	35 362 000	49 989 000
Net Income	3 692 000	4 360 000	108 000	4 455 000
Total Assets	43 077 000	27 813 000	20 069 000	19 239 000
Total Equity	14 211 000	12 819 000	11 795 000	11 687 000

Income (NOK)	2022	2021	2020	2019
Revenue	63 842 000	61 931 000	35 362 000	49 989 000
Expenditure	59 092 000	57 165 000	35 313 000	45 201 000
Operating Profit	4 749 000	4 766 000	49 000	4 787 000
Financial Income	97 000	311 000	620 000	5 000
Financial Costs	255 000	277 000	950 000	92 000
Financial Balance	−158 000	34 000	−330 000	−87 000
Earnings Before Tax	4 591 000	4 801 000	−281 000	4 699 000
Tax	899 000	441 000	−389 000	245 000
Net Income	3 692 000	4 360 000	108 000	4 455 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 857 000	7 466 000	6 256 000	6 255 000
Total Current Assets	35 220 000	20 347 000	13 813 000	12 983 000
Total Assets	43 077 000	27 813 000	20 069 000	19 239 000
Total Retained Equity	9 093 000	7 701 000	6 677 000	6 569 000
Total Equity	14 211 000	12 819 000	11 795 000	11 687 000
Total Long-Term Debt	227 000	274 000	157 000	219 000
Total Current Debt	28 639 000	14 720 000	8 116 000	7 333 000
Total Equity and Debt	43 077 000	27 813 000	20 069 000	19 239 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	63 642 000	61 879 000	35 205 000	49 989 000
Other Income	200 000	52 000	156 000	0
Revenue	63 842 000	61 931 000	35 362 000	49 989 000
Cost of Goods Sold	7 795 000	6 856 000	4 553 000	4 807 000
Salary Costs	33 221 000	31 901 000	20 054 000	28 038 000
Depreciation	1 770 000	1 344 000	1 121 000	764 000
Impairment	0	0	0	0
Expenditure	59 092 000	57 165 000	35 313 000	45 201 000
Operating Profit	4 749 000	4 766 000	49 000	4 787 000
Financial Income	97 000	311 000	620 000	5 000
Financial Costs	255 000	277 000	950 000	92 000
Financial Balance	−158 000	34 000	−330 000	−87 000
Dividends	2 300 000	2 250 000	0	0
Net Income	3 692 000	4 360 000	108 000	4 455 000

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	6 380 000	6 333 000	5 447 000	5 286 000
Fixtures	1 477 000	1 133 000	809 000	969 000
Total Tangible Assets	7 857 000	7 466 000	6 256 000	6 255 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 857 000	7 466 000	6 256 000	6 255 000
Stock	8 792 000	5 704 000	2 909 000	2 473 000
Total Investments	0	0	0	0
Cash, Bank	2 982 000	918 000	2 094 000	1 543 000
Total Current Assets	35 220 000	20 347 000	13 813 000	12 983 000
Total Assets	43 077 000	27 813 000	20 069 000	19 239 000
Total Equity	14 211 000	12 819 000	11 795 000	11 687 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	227 000	274 000	157 000	219 000
Creditors	3 569 000	2 423 000	2 914 000	2 444 000
Unpaid Taxes	3 615 000	3 039 000	1 571 000	1 819 000
Dividends	2 300 000	2 250 000	0	0
Other Current Debt	5 172 000	4 697 000	2 134 000	2 911 000
Total Current Debt	28 639 000	14 720 000	8 116 000	7 333 000
Total Equity and Debt	43 077 000	27 813 000	20 069 000	19 239 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,98 %	34,01 %	0,92 %	38,12 %
Debt-to-Equity Ratio	0,02	0,02	0,01	0,02
Operating Profit Margin	7,44 %	7,7 %	0,14 %	9,58 %
Current Ratio	1,23	1,38	1,7	1,77
Quick Ratio	1,77	2,26	2,65	2,67
Equity Ratio	0,33	0,46	0,59	0,61
Gross Profit Margin	87,79 %	88,93 %	87,12 %	90,38 %