NORCOAST AS

6055 GODØYA

Finances

Share Ownership

Return on Equity

32,6 %

Current Ratio

1,19

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 780 000	14 556 000	2 403 000	1 117 000
Net Income	221 000	82 000	−127 000	−22 000
Total Assets	1 922 000	1 933 000	1 269 000	334 000
Total Equity	678 000	457 000	−84 000	−98 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 780 000	14 556 000	2 403 000	1 117 000
Expenditure	19 472 000	14 362 000	2 491 000	1 137 000
Operating Profit	308 000	195 000	−88 000	−21 000
Financial Income	51 000	35 000	10 000	0
Financial Costs	112 000	148 000	48 000	1 000
Financial Balance	−61 000	−113 000	−38 000	−1 000
Earnings Before Tax	247 000	82 000	−127 000	−22 000
Tax	26 000	0	0	0
Net Income	221 000	82 000	−127 000	−22 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	592 000	559 000	472 000	88 000
Total Current Assets	1 330 000	1 374 000	797 000	246 000
Total Assets	1 922 000	1 933 000	1 269 000	334 000
Total Retained Equity	48 000	−173 000	−254 000	−128 000
Total Equity	678 000	457 000	−84 000	−98 000
Total Long-Term Debt	125 000	389 000	554 000	234 000
Total Current Debt	1 119 000	1 087 000	798 000	198 000
Total Equity and Debt	1 922 000	1 933 000	1 269 000	334 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 780 000	14 556 000	2 403 000	1 117 000
Other Income	0	0	0	0
Revenue	19 780 000	14 556 000	2 403 000	1 117 000
Cost of Goods Sold	14 726 000	10 083 000	1 686 000	730 000
Salary Costs	2 274 000	1 383 000	41 000	103 000
Depreciation	103 000	73 000	22 000	4 000
Impairment	0	0	0	0
Expenditure	19 472 000	14 362 000	2 491 000	1 137 000
Operating Profit	308 000	195 000	−88 000	−21 000
Financial Income	51 000	35 000	10 000	0
Financial Costs	112 000	148 000	48 000	1 000
Financial Balance	−61 000	−113 000	−38 000	−1 000
Dividends	0	0	0	0
Net Income	221 000	82 000	−127 000	−22 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	166 000	176 000	185 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	356 000	343 000	236 000	28 000
Total Tangible Assets	523 000	519 000	422 000	28 000
Total Fiancial Fixed Assets	70 000	40 000	50 000	61 000
Total Fixed Assets	592 000	559 000	472 000	88 000
Stock	0	0	0	76 000
Total Investments	0	0	0	0
Cash, Bank	834 000	673 000	0	38 000
Total Current Assets	1 330 000	1 374 000	797 000	246 000
Total Assets	1 922 000	1 933 000	1 269 000	334 000
Total Equity	678 000	457 000	−84 000	−98 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	125 000	389 000	554 000	234 000
Creditors	538 000	786 000	755 000	96 000
Unpaid Taxes	245 000	124 000	4 000	31 000
Dividends	0	0	0	0
Other Current Debt	310 000	177 000	39 000	71 000
Total Current Debt	1 119 000	1 087 000	798 000	198 000
Total Equity and Debt	1 922 000	1 933 000	1 269 000	334 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,6 %	17,94 %	151,19 %	22,45 %
Debt-to-Equity Ratio	0,18	0,85	−6,6	−2,39
Operating Profit Margin	1,56 %	1,34 %	−3,66 %	−1,88 %
Current Ratio	1,19	1,26	1	1,24
Quick Ratio	1,19	1,26	1	2,02
Equity Ratio	0,35	0,24	−0,07	−0,29
Gross Profit Margin	25,55 %	30,73 %	29,84 %	34,65 %