NORGLOVES AS

5257 KOKSTAD

Finances

Share Ownership

Return on Equity

3,8 %

Current Ratio

4,98

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 355 000	2 854 000	1 948 000	1 509 000
Net Income	38 000	132 000	240 000	393 000
Total Assets	1 235 000	1 491 000	973 000	729 000
Total Equity	999 000	961 000	829 000	589 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 355 000	2 854 000	1 948 000	1 509 000
Expenditure	1 304 000	2 685 000	1 634 000	1 000 000
Operating Profit	51 000	170 000	314 000	509 000
Financial Income	0	0	0	0
Financial Costs	3 000	0	1 000	0
Financial Balance	−3 000	0	−1 000	0
Earnings Before Tax	48 000	170 000	313 000	508 000
Tax	11 000	37 000	74 000	115 000
Net Income	38 000	132 000	240 000	393 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	55 000	110 000	83 000	20 000
Total Current Assets	1 181 000	1 380 000	890 000	709 000
Total Assets	1 235 000	1 491 000	973 000	729 000
Total Retained Equity	954 000	916 000	784 000	544 000
Total Equity	999 000	961 000	829 000	589 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	237 000	530 000	144 000	140 000
Total Equity and Debt	1 235 000	1 491 000	973 000	729 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 355 000	2 854 000	1 948 000	1 509 000
Other Income	0	0	0	0
Revenue	1 355 000	2 854 000	1 948 000	1 509 000
Cost of Goods Sold	701 000	1 670 000	1 037 000	694 000
Salary Costs	234 000	483 000	254 000	8 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 304 000	2 685 000	1 634 000	1 000 000
Operating Profit	51 000	170 000	314 000	509 000
Financial Income	0	0	0	0
Financial Costs	3 000	0	1 000	0
Financial Balance	−3 000	0	−1 000	0
Dividends	0	0	0	0
Net Income	38 000	132 000	240 000	393 000

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	20 000	20 000	20 000	20 000
Total Tangible Assets	20 000	20 000	20 000	20 000
Total Fiancial Fixed Assets	35 000	90 000	63 000	0
Total Fixed Assets	55 000	110 000	83 000	20 000
Stock	1 044 000	1 103 000	355 000	464 000
Total Investments	0	0	0	0
Cash, Bank	117 000	237 000	328 000	227 000
Total Current Assets	1 181 000	1 380 000	890 000	709 000
Total Assets	1 235 000	1 491 000	973 000	729 000
Total Equity	999 000	961 000	829 000	589 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	49 000	11 000	6 000	4 000
Unpaid Taxes	14 000	50 000	41 000	20 000
Dividends	0	0	0	0
Other Current Debt	163 000	431 000	23 000	1 000
Total Current Debt	237 000	530 000	144 000	140 000
Total Equity and Debt	1 235 000	1 491 000	973 000	729 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,8 %	13,74 %	28,95 %	66,72 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,76 %	5,96 %	16,12 %	33,73 %
Current Ratio	4,98	2,6	6,18	5,06
Quick Ratio	−1,46	−2,41	−4,22	−2,19
Equity Ratio	0,81	0,64	0,85	0,81
Gross Profit Margin	48,27 %	41,49 %	46,77 %	54,01 %