NORWEGIAN MICROFINANCE INITIATIVE AS

0160 OSLO

Finances

Share Ownership

Return on Equity

4,75 %

Current Ratio

49,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 062 000	3 779 000	4 001 000	4 443 000
Net Income	5 375 000	2 871 000	−60 000	4 969 000
Total Assets	114 439 000	109 774 000	106 872 000	107 532 000
Total Equity	113 098 000	108 781 000	105 910 000	105 970 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 062 000	3 779 000	4 001 000	4 443 000
Expenditure	1 616 000	1 285 000	1 846 000	2 794 000
Operating Profit	1 446 000	2 494 000	2 155 000	1 649 000
Financial Income	3 929 000	1 031 000	186 000	8 644 000
Financial Costs	0	0	1 961 000	4 792 000
Financial Balance	3 929 000	1 031 000	−1 775 000	3 852 000
Earnings Before Tax	5 375 000	3 525 000	380 000	5 501 000
Tax	0	654 000	440 000	532 000
Net Income	5 375 000	2 871 000	−60 000	4 969 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	47 962 000	44 999 000	43 992 000	45 949 000
Total Current Assets	66 477 000	64 775 000	62 880 000	61 583 000
Total Assets	114 439 000	109 774 000	106 872 000	107 532 000
Total Retained Equity	0	43 836 000	40 965 000	41 025 000
Total Equity	113 098 000	108 781 000	105 910 000	105 970 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 341 000	993 000	962 000	1 562 000
Total Equity and Debt	114 439 000	109 774 000	106 872 000	107 532 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	3 779 000	4 001 000	4 443 000
Other Income	3 062 000	0	0	0
Revenue	3 062 000	3 779 000	4 001 000	4 443 000
Cost of Goods Sold	0	0	0	0
Salary Costs	591 000	786 000	982 000	1 927 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 616 000	1 285 000	1 846 000	2 794 000
Operating Profit	1 446 000	2 494 000	2 155 000	1 649 000
Financial Income	3 929 000	1 031 000	186 000	8 644 000
Financial Costs	0	0	1 961 000	4 792 000
Financial Balance	3 929 000	1 031 000	−1 775 000	3 852 000
Dividends	0	0	0	0
Net Income	5 375 000	2 871 000	−60 000	4 969 000

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	47 962 000	44 999 000	43 992 000	45 949 000
Total Fixed Assets	47 962 000	44 999 000	43 992 000	45 949 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	65 706 000	64 769 000	62 856 000	61 558 000
Total Current Assets	66 477 000	64 775 000	62 880 000	61 583 000
Total Assets	114 439 000	109 774 000	106 872 000	107 532 000
Total Equity	113 098 000	108 781 000	105 910 000	105 970 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	215 000	341 000	519 000	357 000
Total Current Debt	1 341 000	993 000	962 000	1 562 000
Total Equity and Debt	114 439 000	109 774 000	106 872 000	107 532 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,75 %	2,64 %	−0,06 %	4,69 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	47,22 %	66 %	53,86 %	37,11 %
Current Ratio	49,57	65,23	65,36	39,43
Quick Ratio	49,57	65,23	65,36	39,43
Equity Ratio	0,99	0,99	0,99	0,99
Gross Profit Margin	100 %	100 %	100 %	100 %