NORINSECT AS

6250 STORDAL

Finances

Share Ownership

Return on Equity

−117,5 %

Current Ratio

0,95

Debt-to-Equity Ratio

1,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 082 000	424 000	86 000	280 000
Net Income	−10 700 000	−6 663 000	−2 584 000	−169 000
Total Assets	31 886 000	38 286 000	14 018 000	1 148 000
Total Equity	9 106 000	8 146 000	2 763 000	−353 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 082 000	424 000	86 000	280 000
Expenditure	11 196 000	6 677 000	2 338 000	453 000
Operating Profit	−10 114 000	−6 253 000	−2 252 000	−172 000
Financial Income	4 000	2 000	0	0
Financial Costs	611 000	425 000	120 000	45 000
Financial Balance	−607 000	−423 000	−120 000	−45 000
Earnings Before Tax	−10 721 000	−6 677 000	−2 372 000	−217 000
Tax	−21 000	−13 000	213 000	−48 000
Net Income	−10 700 000	−6 663 000	−2 584 000	−169 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 523 000	21 441 000	629 000	984 000
Total Current Assets	6 363 000	16 845 000	13 389 000	164 000
Total Assets	31 886 000	38 286 000	14 018 000	1 148 000
Total Retained Equity	0	0	0	−758 000
Total Equity	9 106 000	8 146 000	2 763 000	−353 000
Total Long-Term Debt	16 090 000	13 947 000	2 890 000	700 000
Total Current Debt	6 690 000	16 193 000	8 366 000	801 000
Total Equity and Debt	31 886 000	38 286 000	14 018 000	1 148 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	595 000	181 000	86 000	0
Other Income	487 000	243 000	0	280 000
Revenue	1 082 000	424 000	86 000	280 000
Cost of Goods Sold	599 000	636 000	339 000	2 000
Salary Costs	2 533 000	473 000	0	2 000
Depreciation	1 841 000	833 000	542 000	73 000
Impairment	0	0	0	0
Expenditure	11 196 000	6 677 000	2 338 000	453 000
Operating Profit	−10 114 000	−6 253 000	−2 252 000	−172 000
Financial Income	4 000	2 000	0	0
Financial Costs	611 000	425 000	120 000	45 000
Financial Balance	−607 000	−423 000	−120 000	−45 000
Dividends	0	0	0	0
Net Income	−10 700 000	−6 663 000	−2 584 000	−169 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	213 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	8 353 000	0	0	0
Fixtures	16 991 000	21 441 000	629 000	771 000
Total Tangible Assets	25 344 000	21 441 000	629 000	771 000
Total Fiancial Fixed Assets	180 000	0	0	0
Total Fixed Assets	25 523 000	21 441 000	629 000	984 000
Stock	343 000	363 000	0	0
Total Investments	0	0	0	0
Cash, Bank	175 000	3 169 000	6 793 000	130 000
Total Current Assets	6 363 000	16 845 000	13 389 000	164 000
Total Assets	31 886 000	38 286 000	14 018 000	1 148 000
Total Equity	9 106 000	8 146 000	2 763 000	−353 000
Short-Term Group Debt	4 280 000	12 136 000	5 706 000	0
Total Long-Term Debt	16 090 000	13 947 000	2 890 000	700 000
Creditors	1 794 000	2 564 000	1 882 000	24 000
Unpaid Taxes	150 000	28 000	3 000	3 000
Dividends	0	0	0	0
Other Current Debt	466 000	1 465 000	775 000	774 000
Total Current Debt	6 690 000	16 193 000	8 366 000	801 000
Total Equity and Debt	31 886 000	38 286 000	14 018 000	1 148 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−117,5 %	−81,79 %	−93,52 %	47,88 %
Debt-to-Equity Ratio	1,77	1,71	1,05	−1,98
Operating Profit Margin	−934,75 %	−1 474,76 %	−2 618,6 %	−61,43 %
Current Ratio	0,95	1,04	1,6	0,2
Quick Ratio	1	1,06	1,6	0,2
Equity Ratio	0,29	0,21	0,2	−0,31
Gross Profit Margin	44,64 %	−50 %	−294,19 %	99,29 %