NORSKIN MATERIALS AS

8214 FAUSKE

Finances

Return on Equity

−101,33 %

Current Ratio

2,68

Debt-to-Equity Ratio

1,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 113 000	1 089 000	708 000	50 000
Net Income	−1 218 000	−364 000	−105 000	18 000
Total Assets	3 150 000	2 769 000	1 459 000	133 000
Total Equity	1 202 000	2 420 000	907 000	43 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 113 000	1 089 000	708 000	50 000
Expenditure	2 652 000	1 839 000	855 000	25 000
Operating Profit	−1 539 000	−463 000	−135 000	25 000
Financial Income	2 000	0	1 000	0
Financial Costs	26 000	2 000	1 000	0
Financial Balance	−24 000	−2 000	0	0
Earnings Before Tax	−1 562 000	−465 000	−135 000	25 000
Tax	−344 000	−101 000	−30 000	7 000
Net Income	−1 218 000	−364 000	−105 000	18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 049 000	959 000	625 000	68 000
Total Current Assets	1 101 000	1 810 000	834 000	65 000
Total Assets	3 150 000	2 769 000	1 459 000	133 000
Total Retained Equity	−1 675 000	−456 000	−92 000	13 000
Total Equity	1 202 000	2 420 000	907 000	43 000
Total Long-Term Debt	1 538 000	148 000	170 000	31 000
Total Current Debt	411 000	201 000	382 000	59 000
Total Equity and Debt	3 150 000	2 769 000	1 459 000	133 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	37 000	30 000	0	0
Other Income	1 076 000	1 059 000	708 000	50 000
Revenue	1 113 000	1 089 000	708 000	50 000
Cost of Goods Sold	72 000	54 000	64 000	0
Salary Costs	1 396 000	920 000	378 000	1 000
Depreciation	59 000	38 000	3 000	0
Impairment	0	0	0	0
Expenditure	2 652 000	1 839 000	855 000	25 000
Operating Profit	−1 539 000	−463 000	−135 000	25 000
Financial Income	2 000	0	1 000	0
Financial Costs	26 000	2 000	1 000	0
Financial Balance	−24 000	−2 000	0	0
Dividends	0	0	0	0
Net Income	−1 218 000	−364 000	−105 000	18 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 371 000	577 000	205 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	628 000	286 000	320 000	0
Fixtures	50 000	28 000	33 000	0
Total Tangible Assets	678 000	314 000	352 000	0
Total Fiancial Fixed Assets	0	68 000	68 000	68 000
Total Fixed Assets	2 049 000	959 000	625 000	68 000
Stock	30 000	30 000	13 000	0
Total Investments	68 000	0	0	0
Cash, Bank	638 000	1 344 000	562 000	65 000
Total Current Assets	1 101 000	1 810 000	834 000	65 000
Total Assets	3 150 000	2 769 000	1 459 000	133 000
Total Equity	1 202 000	2 420 000	907 000	43 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 538 000	148 000	170 000	31 000
Creditors	275 000	55 000	271 000	17 000
Unpaid Taxes	25 000	63 000	4 000	−4 000
Dividends	0	0	0	0
Other Current Debt	111 000	83 000	107 000	40 000
Total Current Debt	411 000	201 000	382 000	59 000
Total Equity and Debt	3 150 000	2 769 000	1 459 000	133 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−101,33 %	−15,04 %	−11,58 %	41,86 %
Debt-to-Equity Ratio	1,28	0,06	0,19	0,72
Operating Profit Margin	−138,27 %	−42,52 %	−19,07 %	50 %
Current Ratio	2,68	9	2,18	1,1
Quick Ratio	2,89	10,58	2,26	1,1
Equity Ratio	0,38	0,87	0,62	0,32
Gross Profit Margin	93,53 %	95,04 %	90,96 %	100 %