NORVÅG AS

4306 SANDNES

Finances

Share Ownership

Return on Equity

86,82 %

Current Ratio

1,69

Debt-to-Equity Ratio

3,73

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 682 000	38 429 000	30 893 000	31 776 000
Net Income	1 699 000	3 298 000	2 112 000	2 293 000
Total Assets	18 574 000	20 777 000	20 241 000	21 827 000
Total Equity	1 957 000	1 243 000	366 000	164 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 682 000	38 429 000	30 893 000	31 776 000
Expenditure	37 544 000	34 093 000	28 010 000	28 620 000
Operating Profit	2 139 000	4 337 000	2 882 000	3 156 000
Financial Income	299 000	113 000	132 000	204 000
Financial Costs	259 000	222 000	304 000	418 000
Financial Balance	40 000	−109 000	−172 000	−214 000
Earnings Before Tax	2 179 000	4 229 000	2 710 000	2 942 000
Tax	480 000	930 000	597 000	649 000
Net Income	1 699 000	3 298 000	2 112 000	2 293 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 813 000	4 392 000	6 247 000	8 069 000
Total Current Assets	15 760 000	16 385 000	13 994 000	13 757 000
Total Assets	18 574 000	20 777 000	20 241 000	21 827 000
Total Retained Equity	−1 533 000	−707 000	266 000	64 000
Total Equity	1 957 000	1 243 000	366 000	164 000
Total Long-Term Debt	7 304 000	8 830 000	12 590 000	13 706 000
Total Current Debt	9 313 000	10 703 000	7 285 000	7 957 000
Total Equity and Debt	18 574 000	20 777 000	20 241 000	21 827 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	39 493 000	37 425 000	30 323 000	31 748 000
Other Income	189 000	1 004 000	569 000	28 000
Revenue	39 682 000	38 429 000	30 893 000	31 776 000
Cost of Goods Sold	11 702 000	10 907 000	8 710 000	8 956 000
Salary Costs	12 729 000	11 612 000	9 743 000	9 588 000
Depreciation	2 005 000	2 059 000	2 034 000	2 005 000
Impairment	0	0	0	0
Expenditure	37 544 000	34 093 000	28 010 000	28 620 000
Operating Profit	2 139 000	4 337 000	2 882 000	3 156 000
Financial Income	299 000	113 000	132 000	204 000
Financial Costs	259 000	222 000	304 000	418 000
Financial Balance	40 000	−109 000	−172 000	−214 000
Dividends	0	0	0	250 000
Net Income	1 699 000	3 298 000	2 112 000	2 293 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	481 000	249 000	45 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 333 000	4 143 000	6 202 000	7 969 000
Total Tangible Assets	2 333 000	4 143 000	6 202 000	7 969 000
Total Fiancial Fixed Assets	0	0	0	100 000
Total Fixed Assets	2 813 000	4 392 000	6 247 000	8 069 000
Stock	503 000	361 000	354 000	344 000
Total Investments	0	0	0	0
Cash, Bank	12 531 000	12 958 000	12 721 000	12 725 000
Total Current Assets	15 760 000	16 385 000	13 994 000	13 757 000
Total Assets	18 574 000	20 777 000	20 241 000	21 827 000
Total Equity	1 957 000	1 243 000	366 000	164 000
Short-Term Group Debt	3 238 000	5 155 000	2 450 000	2 400 000
Total Long-Term Debt	7 304 000	8 830 000	12 590 000	13 706 000
Creditors	2 725 000	2 139 000	2 101 000	2 107 000
Unpaid Taxes	1 839 000	1 780 000	1 310 000	1 561 000
Dividends	0	0	0	250 000
Other Current Debt	1 512 000	1 630 000	1 228 000	1 629 000
Total Current Debt	9 313 000	10 703 000	7 285 000	7 957 000
Total Equity and Debt	18 574 000	20 777 000	20 241 000	21 827 000

Financial indicators	2022	2021	2020	2019
Return on Equity	86,82 %	265,33 %	577,05 %	1 398,17 %
Debt-to-Equity Ratio	3,73	7,1	34,4	83,57
Operating Profit Margin	5,39 %	11,29 %	9,33 %	9,93 %
Current Ratio	1,69	1,53	1,92	1,73
Quick Ratio	1,79	1,58	2,02	1,81
Equity Ratio	0,11	0,06	0,02	0,01
Gross Profit Margin	70,51 %	71,62 %	71,81 %	71,82 %