BY NORSE AS

5003 BERGEN

Finances

Share Ownership

Return on Equity

25,63 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 839 000	5 542 000	2 587 000	2 477 000
Net Income	71 000	66 000	−405 000	419 000
Total Assets	2 185 000	2 080 000	1 416 000	1 931 000
Total Equity	277 000	207 000	140 000	545 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 839 000	5 542 000	2 587 000	2 477 000
Expenditure	3 854 000	5 601 000	3 027 000	1 947 000
Operating Profit	−15 000	−59 000	−441 000	530 000
Financial Income	137 000	232 000	80 000	15 000
Financial Costs	31 000	88 000	44 000	8 000
Financial Balance	106 000	144 000	36 000	7 000
Earnings Before Tax	92 000	85 000	−405 000	537 000
Tax	21 000	19 000	0	118 000
Net Income	71 000	66 000	−405 000	419 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	136 000	0	0	0
Total Current Assets	2 049 000	2 080 000	1 416 000	1 931 000
Total Assets	2 185 000	2 080 000	1 416 000	1 931 000
Total Retained Equity	247 000	177 000	110 000	515 000
Total Equity	277 000	207 000	140 000	545 000
Total Long-Term Debt	0	−16 000	0	0
Total Current Debt	1 908 000	1 889 000	1 276 000	1 386 000
Total Equity and Debt	2 185 000	2 080 000	1 416 000	1 931 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 783 000	5 447 000	2 587 000	2 387 000
Other Income	57 000	95 000	0	90 000
Revenue	3 839 000	5 542 000	2 587 000	2 477 000
Cost of Goods Sold	1 326 000	2 513 000	1 050 000	348 000
Salary Costs	116 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 854 000	5 601 000	3 027 000	1 947 000
Operating Profit	−15 000	−59 000	−441 000	530 000
Financial Income	137 000	232 000	80 000	15 000
Financial Costs	31 000	88 000	44 000	8 000
Financial Balance	106 000	144 000	36 000	7 000
Dividends	0	0	0	0
Net Income	71 000	66 000	−405 000	419 000

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	136 000	0	0	0
Total Fixed Assets	136 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	202 000	53 000	265 000	902 000
Total Current Assets	2 049 000	2 080 000	1 416 000	1 931 000
Total Assets	2 185 000	2 080 000	1 416 000	1 931 000
Total Equity	277 000	207 000	140 000	545 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	−16 000	0	0
Creditors	902 000	653 000	487 000	472 000
Unpaid Taxes	14 000	−16 000	−11 000	0
Dividends	0	0	0	0
Other Current Debt	808 000	1 352 000	800 000	796 000
Total Current Debt	1 908 000	1 889 000	1 276 000	1 386 000
Total Equity and Debt	2 185 000	2 080 000	1 416 000	1 931 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,63 %	31,88 %	−289,29 %	76,88 %
Debt-to-Equity Ratio	0	−0,08	0	0
Operating Profit Margin	−0,39 %	−1,06 %	−17,05 %	21,4 %
Current Ratio	1,07	1,1	1,11	1,39
Quick Ratio	1,07	1,1	1,11	1,39
Equity Ratio	0,13	0,1	0,1	0,28
Gross Profit Margin	65,46 %	54,66 %	59,41 %	85,95 %