NORWEGIAN GROUND AS

0250 OSLO

Finances

Return on Equity

10,41 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	181 000	50 209 000	6 732 000
Net Income	1 813 000	2 041 000	16 000	−7 759 000
Total Assets	63 152 000	57 321 000	61 848 000	91 806 000
Total Equity	17 419 000	7 581 000	4 233 000	4 217 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	181 000	50 209 000	6 732 000
Expenditure	1 806 000	1 999 000	49 755 000	12 717 000
Operating Profit	−1 807 000	−1 818 000	454 000	−5 985 000
Financial Income	3 568 000	5 295 000	2 403 000	2 198 000
Financial Costs	2 212 000	1 805 000	2 841 000	3 972 000
Financial Balance	1 356 000	3 490 000	−438 000	−1 774 000
Earnings Before Tax	−451 000	1 673 000	16 000	−7 759 000
Tax	−2 264 000	−369 000	0	0
Net Income	1 813 000	2 041 000	16 000	−7 759 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 257 000	19 892 000	17 053 000	14 656 000
Total Current Assets	46 894 000	37 429 000	44 795 000	77 151 000
Total Assets	63 152 000	57 321 000	61 848 000	91 806 000
Total Retained Equity	0	−7 419 000	−10 767 000	−10 783 000
Total Equity	17 419 000	7 581 000	4 233 000	4 217 000
Total Long-Term Debt	0	0	0	21 000 000
Total Current Debt	45 733 000	49 740 000	57 615 000	66 590 000
Total Equity and Debt	63 152 000	57 321 000	61 848 000	91 806 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	147 000	49 839 000	6 269 000
Other Income	0	33 000	370 000	463 000
Revenue	0	181 000	50 209 000	6 732 000
Cost of Goods Sold	0	55 000	45 919 000	7 234 000
Salary Costs	1 130 000	1 320 000	2 181 000	3 570 000
Depreciation	6 000	6 000	15 000	74 000
Impairment	0	0	0	0
Expenditure	1 806 000	1 999 000	49 755 000	12 717 000
Operating Profit	−1 807 000	−1 818 000	454 000	−5 985 000
Financial Income	3 568 000	5 295 000	2 403 000	2 198 000
Financial Costs	2 212 000	1 805 000	2 841 000	3 972 000
Financial Balance	1 356 000	3 490 000	−438 000	−1 774 000
Dividends	0	0	0	0
Net Income	1 813 000	2 041 000	16 000	−7 759 000

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	205 000	4 000	10 000	195 000
Total Tangible Assets	205 000	4 000	10 000	195 000
Total Fiancial Fixed Assets	16 053 000	19 888 000	17 042 000	14 461 000
Total Fixed Assets	16 257 000	19 892 000	17 053 000	14 656 000
Stock	1 790 000	1 713 000	1 359 000	46 407 000
Total Investments	10 000	10 000	10 000	10 000
Cash, Bank	62 000	30 000	70 000	116 000
Total Current Assets	46 894 000	37 429 000	44 795 000	77 151 000
Total Assets	63 152 000	57 321 000	61 848 000	91 806 000
Total Equity	17 419 000	7 581 000	4 233 000	4 217 000
Short-Term Group Debt	37 800 000	32 889 000	33 839 000	35 477 000
Total Long-Term Debt	0	0	0	21 000 000
Creditors	255 000	142 000	115 000	179 000
Unpaid Taxes	116 000	66 000	505 000	226 000
Dividends	0	0	0	0
Other Current Debt	108 000	127 000	330 000	557 000
Total Current Debt	45 733 000	49 740 000	57 615 000	66 590 000
Total Equity and Debt	63 152 000	57 321 000	61 848 000	91 806 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,41 %	26,92 %	0,38 %	−183,99 %
Debt-to-Equity Ratio	0	0	0	4,98
Operating Profit Margin	-	−1 004,42 %	0,9 %	−88,9 %
Current Ratio	1,03	0,75	0,78	1,16
Quick Ratio	1,07	0,78	0,8	3,82
Equity Ratio	0,28	0,13	0,07	0,05
Gross Profit Margin	-	69,61 %	8,54 %	−7,46 %