NORSE ASSET SOLUTIONS AS

4033 STAVANGER

Finances

Return on Equity

73,01 %

Current Ratio

0,76

Debt-to-Equity Ratio

−1

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 750 000	7 208 000	4 953 000	15 074 000
Net Income	−6 405 000	−83 000	−367 000	−1 796 000
Total Assets	5 430 000	4 282 000	2 457 000	4 173 000
Total Equity	−8 773 000	−2 368 000	−2 285 000	−1 918 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 750 000	7 208 000	4 953 000	15 074 000
Expenditure	11 149 000	7 281 000	5 304 000	16 537 000
Operating Profit	−6 399 000	−73 000	−351 000	−1 463 000
Financial Income	41 000	15 000	31 000	3 000
Financial Costs	46 000	25 000	46 000	336 000
Financial Balance	−5 000	−10 000	−15 000	−333 000
Earnings Before Tax	−6 405 000	−83 000	−367 000	−1 796 000
Tax	0	0	0	0
Net Income	−6 405 000	−83 000	−367 000	−1 796 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 339 000	604 000	534 000	136 000
Total Current Assets	4 091 000	3 678 000	1 923 000	4 037 000
Total Assets	5 430 000	4 282 000	2 457 000	4 173 000
Total Retained Equity	−8 923 000	−2 518 000	−2 435 000	−2 068 000
Total Equity	−8 773 000	−2 368 000	−2 285 000	−1 918 000
Total Long-Term Debt	8 800 000	0	0	1 086 000
Total Current Debt	5 403 000	6 650 000	4 743 000	5 006 000
Total Equity and Debt	5 430 000	4 282 000	2 457 000	4 173 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 750 000	7 208 000	4 953 000	15 074 000
Other Income	0	0	0	0
Revenue	4 750 000	7 208 000	4 953 000	15 074 000
Cost of Goods Sold	2 040 000	981 000	712 000	12 713 000
Salary Costs	5 118 000	3 218 000	2 473 000	1 349 000
Depreciation	428 000	224 000	76 000	55 000
Impairment	0	0	0	0
Expenditure	11 149 000	7 281 000	5 304 000	16 537 000
Operating Profit	−6 399 000	−73 000	−351 000	−1 463 000
Financial Income	41 000	15 000	31 000	3 000
Financial Costs	46 000	25 000	46 000	336 000
Financial Balance	−5 000	−10 000	−15 000	−333 000
Dividends	0	0	0	0
Net Income	−6 405 000	−83 000	−367 000	−1 796 000

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	1 297 000	604 000	534 000	136 000
Total Tangible Assets	1 297 000	604 000	534 000	136 000
Total Fiancial Fixed Assets	42 000	0	0	0
Total Fixed Assets	1 339 000	604 000	534 000	136 000
Stock	8 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	678 000	1 413 000	773 000	155 000
Total Current Assets	4 091 000	3 678 000	1 923 000	4 037 000
Total Assets	5 430 000	4 282 000	2 457 000	4 173 000
Total Equity	−8 773 000	−2 368 000	−2 285 000	−1 918 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 800 000	0	0	1 086 000
Creditors	2 922 000	1 146 000	2 095 000	4 222 000
Unpaid Taxes	358 000	444 000	442 000	554 000
Dividends	0	0	0	0
Other Current Debt	2 124 000	5 060 000	2 206 000	230 000
Total Current Debt	5 403 000	6 650 000	4 743 000	5 006 000
Total Equity and Debt	5 430 000	4 282 000	2 457 000	4 173 000

Financial indicators	2022	2021	2020	2019
Return on Equity	73,01 %	3,51 %	16,06 %	93,64 %
Debt-to-Equity Ratio	−1	−0	−0	−0,57
Operating Profit Margin	−134,72 %	−1,01 %	−7,09 %	−9,71 %
Current Ratio	0,76	0,55	0,41	0,81
Quick Ratio	0,76	0,55	0,41	0,81
Equity Ratio	−1,62	−0,55	−0,93	−0,46
Gross Profit Margin	57,05 %	86,39 %	85,62 %	15,66 %