NORDIC COVER AS

3060 SVELVIK

Finances

Share Ownership

Return on Equity

16,25 %

Current Ratio

1,36

Debt-to-Equity Ratio

1,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	38 649 000	32 020 000	19 545 000	11 721 000
Net Income	306 000	2 444 000	168 000	1 170 000
Total Assets	14 587 000	13 968 000	10 900 000	4 716 000
Total Equity	1 883 000	1 577 000	69 000	39 000

Income (NOK)	2022	2021	2020	2019
Revenue	38 649 000	32 020 000	19 545 000	11 721 000
Expenditure	38 169 000	29 104 000	19 283 000	10 214 000
Operating Profit	481 000	2 916 000	260 000	1 506 000
Financial Income	379 000	346 000	43 000	5 000
Financial Costs	466 000	129 000	87 000	10 000
Financial Balance	−87 000	217 000	−44 000	−5 000
Earnings Before Tax	393 000	3 133 000	216 000	1 501 000
Tax	87 000	689 000	48 000	331 000
Net Income	306 000	2 444 000	168 000	1 170 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	48 000	57 000	29 000	110 000
Total Current Assets	14 539 000	13 911 000	10 871 000	4 606 000
Total Assets	14 587 000	13 968 000	10 900 000	4 716 000
Total Retained Equity	1 853 000	1 547 000	39 000	9 000
Total Equity	1 883 000	1 577 000	69 000	39 000
Total Long-Term Debt	2 000 000	0	2 000 000	1 018 000
Total Current Debt	10 703 000	12 391 000	8 831 000	3 660 000
Total Equity and Debt	14 587 000	13 968 000	10 900 000	4 716 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 649 000	32 020 000	19 490 000	11 721 000
Other Income	0	0	54 000	0
Revenue	38 649 000	32 020 000	19 545 000	11 721 000
Cost of Goods Sold	30 582 000	22 361 000	12 210 000	4 224 000
Salary Costs	6 300 000	5 267 000	5 405 000	4 290 000
Depreciation	9 000	12 000	39 000	64 000
Impairment	0	0	0	0
Expenditure	38 169 000	29 104 000	19 283 000	10 214 000
Operating Profit	481 000	2 916 000	260 000	1 506 000
Financial Income	379 000	346 000	43 000	5 000
Financial Costs	466 000	129 000	87 000	10 000
Financial Balance	−87 000	217 000	−44 000	−5 000
Dividends	0	0	0	0
Net Income	306 000	2 444 000	168 000	1 170 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 000	8 000	8 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	9 000	21 000	33 000
Fixtures	0	0	0	77 000
Total Tangible Assets	0	9 000	21 000	110 000
Total Fiancial Fixed Assets	40 000	40 000	0	0
Total Fixed Assets	48 000	57 000	29 000	110 000
Stock	1 709 000	1 655 000	2 064 000	1 157 000
Total Investments	0	0	0	0
Cash, Bank	4 385 000	3 361 000	614 000	1 291 000
Total Current Assets	14 539 000	13 911 000	10 871 000	4 606 000
Total Assets	14 587 000	13 968 000	10 900 000	4 716 000
Total Equity	1 883 000	1 577 000	69 000	39 000
Short-Term Group Debt	0	1 200 000	1 744 000	1 567 000
Total Long-Term Debt	2 000 000	0	2 000 000	1 018 000
Creditors	7 822 000	8 861 000	5 267 000	895 000
Unpaid Taxes	2 026 000	836 000	1 193 000	613 000
Dividends	0	0	0	0
Other Current Debt	769 000	1 070 000	606 000	584 000
Total Current Debt	10 703 000	12 391 000	8 831 000	3 660 000
Total Equity and Debt	14 587 000	13 968 000	10 900 000	4 716 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,25 %	154,98 %	243,48 %	3 000 %
Debt-to-Equity Ratio	1,06	0	28,99	26,1
Operating Profit Margin	1,24 %	9,11 %	1,33 %	12,85 %
Current Ratio	1,36	1,12	1,23	1,26
Quick Ratio	1,62	1,3	1,61	1,84
Equity Ratio	0,13	0,11	0,01	0,01
Gross Profit Margin	20,87 %	30,17 %	37,53 %	63,96 %