NORSE R&D AS

1385 ASKER

Finances

Return on Equity

54,58 %

Current Ratio

3,31

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 899 000	2 151 000	2 198 000	2 057 000
Net Income	638 000	1 130 000	864 000	678 000
Total Assets	1 674 000	2 023 000	2 526 000	1 637 000
Total Equity	1 169 000	531 000	401 000	1 013 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 899 000	2 151 000	2 198 000	2 057 000
Expenditure	1 021 000	1 015 000	1 036 000	1 213 000
Operating Profit	879 000	1 137 000	1 162 000	844 000
Financial Income	41 000	307 000	327 000	2 000
Financial Costs	118 000	55 000	270 000	−23 000
Financial Balance	−77 000	252 000	57 000	25 000
Earnings Before Tax	802 000	1 389 000	1 219 000	869 000
Tax	164 000	259 000	355 000	191 000
Net Income	638 000	1 130 000	864 000	678 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	128 000
Total Current Assets	1 674 000	2 023 000	2 526 000	1 510 000
Total Assets	1 674 000	2 023 000	2 526 000	1 637 000
Total Retained Equity	1 139 000	501 000	371 000	983 000
Total Equity	1 169 000	531 000	401 000	1 013 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	506 000	1 492 000	2 125 000	624 000
Total Equity and Debt	1 674 000	2 023 000	2 526 000	1 637 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 899 000	2 151 000	2 198 000	2 057 000
Other Income	0	0	0	0
Revenue	1 899 000	2 151 000	2 198 000	2 057 000
Cost of Goods Sold	101 000	0	0	0
Salary Costs	725 000	813 000	785 000	939 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 021 000	1 015 000	1 036 000	1 213 000
Operating Profit	879 000	1 137 000	1 162 000	844 000
Financial Income	41 000	307 000	327 000	2 000
Financial Costs	118 000	55 000	270 000	−23 000
Financial Balance	−77 000	252 000	57 000	25 000
Dividends	0	1 000 000	1 500 000	0
Net Income	638 000	1 130 000	864 000	678 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	128 000
Total Fixed Assets	0	0	0	128 000
Stock	0	0	0	0
Total Investments	821 000	1 462 000	711 000	59 000
Cash, Bank	375 000	561 000	1 235 000	788 000
Total Current Assets	1 674 000	2 023 000	2 526 000	1 510 000
Total Assets	1 674 000	2 023 000	2 526 000	1 637 000
Total Equity	1 169 000	531 000	401 000	1 013 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	5 000
Unpaid Taxes	303 000	110 000	172 000	333 000
Dividends	0	1 000 000	1 500 000	0
Other Current Debt	26 000	76 000	89 000	96 000
Total Current Debt	506 000	1 492 000	2 125 000	624 000
Total Equity and Debt	1 674 000	2 023 000	2 526 000	1 637 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,58 %	212,81 %	215,46 %	66,93 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	46,29 %	52,86 %	52,87 %	41,03 %
Current Ratio	3,31	1,36	1,19	2,42
Quick Ratio	3,31	1,36	1,19	2,42
Equity Ratio	0,7	0,26	0,16	0,62
Gross Profit Margin	94,68 %	100 %	100 %	100 %