NORELKO AS

3916 PORSGRUNN

Finances

Share Ownership

Return on Equity

1,86 %

Current Ratio

5,16

Debt-to-Equity Ratio

2,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 104 000	3 193 000	2 740 000	3 031 000
Net Income	11 000	−17 000	103 000	408 000
Total Assets	2 319 000	2 406 000	2 480 000	2 687 000
Total Equity	590 000	578 000	595 000	492 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 104 000	3 193 000	2 740 000	3 031 000
Expenditure	3 355 000	3 112 000	2 533 000	2 431 000
Operating Profit	−251 000	81 000	208 000	600 000
Financial Income	295 000	6 000	0	1 000
Financial Costs	28 000	104 000	76 000	78 000
Financial Balance	267 000	−98 000	−76 000	−77 000
Earnings Before Tax	15 000	−17 000	132 000	524 000
Tax	4 000	−1 000	29 000	116 000
Net Income	11 000	−17 000	103 000	408 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	110 000	181 000	256 000	330 000
Total Current Assets	2 209 000	2 225 000	2 224 000	2 357 000
Total Assets	2 319 000	2 406 000	2 480 000	2 687 000
Total Retained Equity	390 000	378 000	395 000	292 000
Total Equity	590 000	578 000	595 000	492 000
Total Long-Term Debt	1 301 000	1 617 000	1 650 000	1 403 000
Total Current Debt	428 000	210 000	235 000	793 000
Total Equity and Debt	2 319 000	2 406 000	2 480 000	2 687 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 104 000	3 193 000	2 740 000	3 031 000
Other Income	0	0	0	0
Revenue	3 104 000	3 193 000	2 740 000	3 031 000
Cost of Goods Sold	1 593 000	1 484 000	1 166 000	1 113 000
Salary Costs	829 000	754 000	604 000	652 000
Depreciation	75 000	75 000	75 000	44 000
Impairment	0	0	0	0
Expenditure	3 355 000	3 112 000	2 533 000	2 431 000
Operating Profit	−251 000	81 000	208 000	600 000
Financial Income	295 000	6 000	0	1 000
Financial Costs	28 000	104 000	76 000	78 000
Financial Balance	267 000	−98 000	−76 000	−77 000
Dividends	0	0	0	0
Net Income	11 000	−17 000	103 000	408 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	106 000	181 000	256 000	330 000
Total Tangible Assets	106 000	181 000	256 000	330 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	110 000	181 000	256 000	330 000
Stock	1 771 000	1 862 000	1 613 000	1 940 000
Total Investments	0	0	0	0
Cash, Bank	−49 000	133 000	404 000	365 000
Total Current Assets	2 209 000	2 225 000	2 224 000	2 357 000
Total Assets	2 319 000	2 406 000	2 480 000	2 687 000
Total Equity	590 000	578 000	595 000	492 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 301 000	1 617 000	1 650 000	1 403 000
Creditors	148 000	1 000	22 000	520 000
Unpaid Taxes	182 000	142 000	126 000	121 000
Dividends	0	0	0	0
Other Current Debt	83 000	67 000	56 000	78 000
Total Current Debt	428 000	210 000	235 000	793 000
Total Equity and Debt	2 319 000	2 406 000	2 480 000	2 687 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,86 %	−2,94 %	17,31 %	82,93 %
Debt-to-Equity Ratio	2,21	2,8	2,77	2,85
Operating Profit Margin	−8,09 %	2,54 %	7,59 %	19,8 %
Current Ratio	5,16	10,6	9,46	2,97
Quick Ratio	−1,64	−1,35	−1,61	−2,05
Equity Ratio	0,25	0,24	0,24	0,18
Gross Profit Margin	48,68 %	53,52 %	57,45 %	63,28 %