NORSE DEVELOPMENT AS

3560 HEMSEDAL

Finances

Return on Equity

12,6 %

Current Ratio

1,6

Debt-to-Equity Ratio

−5,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−146 000	−133 000	−185 000	−471 000
Total Assets	5 064 000	4 754 000	3 584 000	1 820 000
Total Equity	−1 159 000	−1 013 000	−880 000	−695 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	41 000	78 000	78 000	426 000
Operating Profit	−40 000	−78 000	−77 000	−426 000
Financial Income	444 000	312 000	215 000	69 000
Financial Costs	550 000	367 000	322 000	115 000
Financial Balance	−106 000	−55 000	−107 000	−46 000
Earnings Before Tax	−146 000	−133 000	−185 000	−471 000
Tax	0	0	0	0
Net Income	−146 000	−133 000	−185 000	−471 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 056 000	4 742 000	3 506 000	1 820 000
Total Current Assets	8 000	13 000	79 000	0
Total Assets	5 064 000	4 754 000	3 584 000	1 820 000
Total Retained Equity	−1 189 000	−1 043 000	−910 000	−725 000
Total Equity	−1 159 000	−1 013 000	−880 000	−695 000
Total Long-Term Debt	6 218 000	5 733 000	4 461 000	2 441 000
Total Current Debt	5 000	34 000	4 000	73 000
Total Equity and Debt	5 064 000	4 754 000	3 584 000	1 820 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	−29 000	266 000
Depreciation	15 000	15 000	15 000	15 000
Impairment	0	0	0	0
Expenditure	41 000	78 000	78 000	426 000
Operating Profit	−40 000	−78 000	−77 000	−426 000
Financial Income	444 000	312 000	215 000	69 000
Financial Costs	550 000	367 000	322 000	115 000
Financial Balance	−106 000	−55 000	−107 000	−46 000
Dividends	0	0	0	0
Net Income	−146 000	−133 000	−185 000	−471 000

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	6 000	21 000	35 000	50 000
Total Tangible Assets	6 000	21 000	35 000	50 000
Total Fiancial Fixed Assets	5 050 000	4 721 000	3 471 000	1 770 000
Total Fixed Assets	5 056 000	4 742 000	3 506 000	1 820 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 000	13 000	79 000	0
Total Current Assets	8 000	13 000	79 000	0
Total Assets	5 064 000	4 754 000	3 584 000	1 820 000
Total Equity	−1 159 000	−1 013 000	−880 000	−695 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 218 000	5 733 000	4 461 000	2 441 000
Creditors	5 000	34 000	0	16 000
Unpaid Taxes	0	0	4 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	58 000
Total Current Debt	5 000	34 000	4 000	73 000
Total Equity and Debt	5 064 000	4 754 000	3 584 000	1 820 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,6 %	13,13 %	21,02 %	67,77 %
Debt-to-Equity Ratio	−5,36	−5,66	−5,07	−3,51
Operating Profit Margin	-	-	-	-
Current Ratio	1,6	0,38	19,75	0
Quick Ratio	1,6	0,38	19,75	0
Equity Ratio	−0,23	−0,21	−0,25	−0,38
Gross Profit Margin	-	-	-	-