NORWEGIAN SHORES AS

8890 LEIRFJORD

Finances

Return on Equity

−141,88 %

Current Ratio

0,34

Debt-to-Equity Ratio

0,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	40 522 000	3 072 000	2 341 000	2 703 000
Net Income	−22 128 000	−2 451 000	−1 284 000	−928 000
Total Assets	57 914 000	8 270 000	2 248 000	1 304 000
Total Equity	15 596 000	7 459 000	1 721 000	967 000

Income (NOK)	2022	2021	2020	2019
Revenue	40 522 000	3 072 000	2 341 000	2 703 000
Expenditure	67 546 000	5 518 000	3 278 000	3 888 000
Operating Profit	−20 795 000	−2 447 000	−936 000	−1 185 000
Financial Income	619 000	0	0	0
Financial Costs	1 952 000	4 000	5 000	5 000
Financial Balance	−1 333 000	−4 000	−5 000	−5 000
Earnings Before Tax	−22 128 000	−2 451 000	−941 000	−1 190 000
Tax	0	0	343 000	−262 000
Net Income	−22 128 000	−2 451 000	−1 284 000	−928 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	47 669 000	1 548 000	877 000	1 092 000
Total Current Assets	10 245 000	6 723 000	1 371 000	212 000
Total Assets	57 914 000	8 270 000	2 248 000	1 304 000
Total Retained Equity	−1 176 000	−4 662 000	−2 212 000	−928 000
Total Equity	15 596 000	7 459 000	1 721 000	967 000
Total Long-Term Debt	12 140 000	125 000	0	0
Total Current Debt	30 178 000	687 000	528 000	337 000
Total Equity and Debt	57 914 000	8 270 000	2 248 000	1 304 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	40 522 000	2 752 000	1 616 000	2 297 000
Other Income	0	320 000	725 000	407 000
Revenue	40 522 000	3 072 000	2 341 000	2 703 000
Cost of Goods Sold	36 329 000	1 321 000	838 000	960 000
Salary Costs	10 582 000	1 885 000	723 000	1 375 000
Depreciation	8 045 000	241 000	238 000	59 000
Impairment	0	0	0	50 000
Expenditure	67 546 000	5 518 000	3 278 000	3 888 000
Operating Profit	−20 795 000	−2 447 000	−936 000	−1 185 000
Financial Income	619 000	0	0	0
Financial Costs	1 952 000	4 000	5 000	5 000
Financial Balance	−1 333 000	−4 000	−5 000	−5 000
Dividends	0	0	0	0
Net Income	−22 128 000	−2 451 000	−1 284 000	−928 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	29 848 000	0	0	0
Total Intangible Assets	32 294 000	0	0	386 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	12 641 000	565 000	322 000	45 000
Fixtures	1 114 000	481 000	379 000	443 000
Total Tangible Assets	13 756 000	1 373 000	702 000	556 000
Total Fiancial Fixed Assets	1 620 000	175 000	175 000	150 000
Total Fixed Assets	47 669 000	1 548 000	877 000	1 092 000
Stock	6 842 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	584 000	6 219 000	851 000	85 000
Total Current Assets	10 245 000	6 723 000	1 371 000	212 000
Total Assets	57 914 000	8 270 000	2 248 000	1 304 000
Total Equity	15 596 000	7 459 000	1 721 000	967 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 140 000	125 000	0	0
Creditors	12 263 000	287 000	137 000	167 000
Unpaid Taxes	655 000	123 000	65 000	57 000
Dividends	0	0	0	0
Other Current Debt	2 794 000	277 000	325 000	114 000
Total Current Debt	30 178 000	687 000	528 000	337 000
Total Equity and Debt	57 914 000	8 270 000	2 248 000	1 304 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−141,88 %	−32,86 %	−74,61 %	−95,97 %
Debt-to-Equity Ratio	0,78	0,02	0	0
Operating Profit Margin	−51,32 %	−79,65 %	−39,98 %	−43,84 %
Current Ratio	0,34	9,79	2,6	0,63
Quick Ratio	0,44	9,79	2,6	0,63
Equity Ratio	0,27	0,9	0,77	0,74
Gross Profit Margin	10,35 %	57 %	64,2 %	64,48 %