NORCE NORWEGIAN RESEARCH CENTRE AS

5008 BERGEN

Finances

Return on Equity

−1,33 %

Current Ratio

1,66

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 313 269 000	1 410 999 000	1 392 135 000	1 384 909 000
Net Income	−6 965 000	214 662 000	8 219 000	45 336 000
Total Assets	1 447 833 000	1 249 732 000	1 087 480 000	1 153 348 000
Total Equity	522 834 000	514 261 000	344 516 000	433 240 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 313 269 000	1 410 999 000	1 392 135 000	1 384 909 000
Expenditure	1 313 521 000	1 193 388 000	1 386 127 000	1 417 745 000
Operating Profit	−252 000	217 611 000	6 008 000	−32 836 000
Financial Income	2 800 000	1 597 000	15 841 000	88 233 000
Financial Costs	8 965 000	4 372 000	15 710 000	5 434 000
Financial Balance	−6 165 000	−2 775 000	131 000	82 799 000
Earnings Before Tax	−6 417 000	214 836 000	6 139 000	49 963 000
Tax	548 000	174 000	−2 080 000	4 627 000
Net Income	−6 965 000	214 662 000	8 219 000	45 336 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	195 829 000	149 346 000	188 138 000	252 043 000
Total Current Assets	1 252 004 000	1 100 386 000	899 342 000	901 305 000
Total Assets	1 447 833 000	1 249 732 000	1 087 480 000	1 153 348 000
Total Retained Equity	162 603 000	162 887 000	−6 858 000	81 866 000
Total Equity	522 834 000	514 261 000	344 516 000	433 240 000
Total Long-Term Debt	172 786 000	198 791 000	177 442 000	161 549 000
Total Current Debt	752 213 000	536 680 000	565 522 000	558 559 000
Total Equity and Debt	1 447 833 000	1 249 732 000	1 087 480 000	1 153 348 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 303 449 000	1 190 631 000	1 379 518 000	1 377 363 000
Other Income	9 820 000	220 368 000	12 617 000	7 546 000
Revenue	1 313 269 000	1 410 999 000	1 392 135 000	1 384 909 000
Cost of Goods Sold	220 741 000	200 270 000	215 740 000	226 645 000
Salary Costs	819 882 000	750 445 000	877 128 000	885 663 000
Depreciation	27 676 000	26 510 000	35 950 000	32 848 000
Impairment	0	57 000	0	0
Expenditure	1 313 521 000	1 193 388 000	1 386 127 000	1 417 745 000
Operating Profit	−252 000	217 611 000	6 008 000	−32 836 000
Financial Income	2 800 000	1 597 000	15 841 000	88 233 000
Financial Costs	8 965 000	4 372 000	15 710 000	5 434 000
Financial Balance	−6 165 000	−2 775 000	131 000	82 799 000
Dividends	0	0	0	0
Net Income	−6 965 000	214 662 000	8 219 000	45 336 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 214 000	8 495 000	16 923 000	17 482 000
Real Eastate	61 662 000	17 153 000	30 320 000	47 512 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	84 369 000	77 834 000	100 118 000	94 633 000
Total Tangible Assets	146 031 000	94 987 000	130 438 000	142 145 000
Total Fiancial Fixed Assets	39 584 000	45 864 000	40 777 000	92 416 000
Total Fixed Assets	195 829 000	149 346 000	188 138 000	252 043 000
Stock	3 628 000	625 000	967 000	466 000
Total Investments	452 300 000	388 776 000	148 615 000	142 508 000
Cash, Bank	477 332 000	429 286 000	397 959 000	305 229 000
Total Current Assets	1 252 004 000	1 100 386 000	899 342 000	901 305 000
Total Assets	1 447 833 000	1 249 732 000	1 087 480 000	1 153 348 000
Total Equity	522 834 000	514 261 000	344 516 000	433 240 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	172 786 000	198 791 000	177 442 000	161 549 000
Creditors	73 861 000	73 305 000	58 248 000	68 937 000
Unpaid Taxes	76 160 000	67 378 000	78 246 000	83 147 000
Dividends	0	0	0	0
Other Current Debt	601 640 000	395 823 000	403 239 000	376 684 000
Total Current Debt	752 213 000	536 680 000	565 522 000	558 559 000
Total Equity and Debt	1 447 833 000	1 249 732 000	1 087 480 000	1 153 348 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,33 %	41,74 %	2,39 %	10,46 %
Debt-to-Equity Ratio	0,33	0,39	0,52	0,37
Operating Profit Margin	−0,02 %	15,42 %	0,43 %	−2,37 %
Current Ratio	1,66	2,05	1,59	1,61
Quick Ratio	1,67	2,05	1,59	1,61
Equity Ratio	0,36	0,41	0,32	0,38
Gross Profit Margin	83,19 %	85,81 %	84,5 %	83,63 %