NORGEM AS

2020 SKEDSMOKORSET

Finances

Share Ownership

Return on Equity

25,93 %

Current Ratio

1,41

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 758 000	17 917 000	10 728 000	9 882 000
Net Income	493 000	1 190 000	609 000	−458 000
Total Assets	6 390 000	6 328 000	4 791 000	3 675 000
Total Equity	1 901 000	2 486 000	2 208 000	1 599 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 758 000	17 917 000	10 728 000	9 882 000
Expenditure	19 945 000	16 404 000	9 827 000	10 480 000
Operating Profit	813 000	1 512 000	901 000	−598 000
Financial Income	145 000	118 000	26 000	21 000
Financial Costs	166 000	104 000	146 000	6 000
Financial Balance	−21 000	14 000	−120 000	15 000
Earnings Before Tax	793 000	1 525 000	780 000	−583 000
Tax	299 000	336 000	172 000	−125 000
Net Income	493 000	1 190 000	609 000	−458 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	196 000	174 000	166 000	285 000
Total Current Assets	6 194 000	6 154 000	4 625 000	3 390 000
Total Assets	6 390 000	6 328 000	4 791 000	3 675 000
Total Retained Equity	1 601 000	2 186 000	1 908 000	1 299 000
Total Equity	1 901 000	2 486 000	2 208 000	1 599 000
Total Long-Term Debt	85 000	85 000	85 000	85 000
Total Current Debt	4 404 000	3 757 000	2 498 000	1 990 000
Total Equity and Debt	6 390 000	6 328 000	4 791 000	3 675 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 723 000	17 917 000	10 728 000	9 882 000
Other Income	35 000	0	0	0
Revenue	20 758 000	17 917 000	10 728 000	9 882 000
Cost of Goods Sold	8 298 000	8 112 000	4 242 000	3 713 000
Salary Costs	7 019 000	5 383 000	3 375 000	4 585 000
Depreciation	53 000	45 000	45 000	45 000
Impairment	0	0	0	0
Expenditure	19 945 000	16 404 000	9 827 000	10 480 000
Operating Profit	813 000	1 512 000	901 000	−598 000
Financial Income	145 000	118 000	26 000	21 000
Financial Costs	166 000	104 000	146 000	6 000
Financial Balance	−21 000	14 000	−120 000	15 000
Dividends	37 000	27 000	0	0
Net Income	493 000	1 190 000	609 000	−458 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	25 000	28 000	150 000
Real Eastate	0	18 000	37 000	55 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	100 000	27 000	53 000	80 000
Total Tangible Assets	100 000	45 000	90 000	136 000
Total Fiancial Fixed Assets	76 000	104 000	48 000	0
Total Fixed Assets	196 000	174 000	166 000	285 000
Stock	2 011 000	2 356 000	1 818 000	1 514 000
Total Investments	0	0	0	0
Cash, Bank	488 000	1 643 000	1 951 000	177 000
Total Current Assets	6 194 000	6 154 000	4 625 000	3 390 000
Total Assets	6 390 000	6 328 000	4 791 000	3 675 000
Total Equity	1 901 000	2 486 000	2 208 000	1 599 000
Short-Term Group Debt	1 336 000	1 134 000	0	0
Total Long-Term Debt	85 000	85 000	85 000	85 000
Creditors	1 023 000	800 000	1 278 000	414 000
Unpaid Taxes	1 286 000	1 028 000	716 000	628 000
Dividends	37 000	27 000	0	0
Other Current Debt	723 000	684 000	454 000	507 000
Total Current Debt	4 404 000	3 757 000	2 498 000	1 990 000
Total Equity and Debt	6 390 000	6 328 000	4 791 000	3 675 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,93 %	47,87 %	27,58 %	−28,64 %
Debt-to-Equity Ratio	0,04	0,03	0,04	0,05
Operating Profit Margin	3,92 %	8,44 %	8,4 %	−6,05 %
Current Ratio	1,41	1,64	1,85	1,7
Quick Ratio	2,59	4,39	6,8	7,12
Equity Ratio	0,3	0,39	0,46	0,44
Gross Profit Margin	60,03 %	54,72 %	60,46 %	62,43 %