THE NORWEGIAN SHIP DESIGN COMPANY AS

6800 FØRDE

Finances

Share Ownership

Return on Equity

37,37 %

Current Ratio

2,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 884 000	18 298 000	13 311 000	10 101 000
Net Income	4 385 000	3 858 000	2 485 000	1 573 000
Total Assets	21 231 000	13 804 000	9 672 000	4 304 000
Total Equity	11 735 000	8 351 000	4 993 000	2 568 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 884 000	18 298 000	13 311 000	10 101 000
Expenditure	21 337 000	13 386 000	10 133 000	8 062 000
Operating Profit	5 547 000	4 913 000	3 179 000	2 039 000
Financial Income	203 000	41 000	12 000	10 000
Financial Costs	124 000	8 000	3 000	31 000
Financial Balance	79 000	33 000	9 000	−21 000
Earnings Before Tax	5 626 000	4 946 000	3 187 000	2 017 000
Tax	1 241 000	1 088 000	702 000	444 000
Net Income	4 385 000	3 858 000	2 485 000	1 573 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	411 000	199 000	290 000	426 000
Total Current Assets	20 820 000	13 605 000	9 382 000	3 878 000
Total Assets	21 231 000	13 804 000	9 672 000	4 304 000
Total Retained Equity	10 741 000	7 356 000	3 999 000	1 573 000
Total Equity	11 735 000	8 351 000	4 993 000	2 568 000
Total Long-Term Debt	0	0	0	6 000
Total Current Debt	9 496 000	5 453 000	4 679 000	1 730 000
Total Equity and Debt	21 231 000	13 804 000	9 672 000	4 304 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 884 000	18 298 000	13 311 000	10 101 000
Other Income	0	0	0	0
Revenue	26 884 000	18 298 000	13 311 000	10 101 000
Cost of Goods Sold	173 000	123 000	9 000	58 000
Salary Costs	18 207 000	11 513 000	8 826 000	6 594 000
Depreciation	124 000	212 000	195 000	142 000
Impairment	0	0	0	0
Expenditure	21 337 000	13 386 000	10 133 000	8 062 000
Operating Profit	5 547 000	4 913 000	3 179 000	2 039 000
Financial Income	203 000	41 000	12 000	10 000
Financial Costs	124 000	8 000	3 000	31 000
Financial Balance	79 000	33 000	9 000	−21 000
Dividends	1 000 000	500 000	60 000	0
Net Income	4 385 000	3 858 000	2 485 000	1 573 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	25 000	44 000	29 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	386 000	155 000	261 000	426 000
Total Tangible Assets	386 000	155 000	261 000	426 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	411 000	199 000	290 000	426 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	14 148 000	5 722 000	7 096 000	2 923 000
Total Current Assets	20 820 000	13 605 000	9 382 000	3 878 000
Total Assets	21 231 000	13 804 000	9 672 000	4 304 000
Total Equity	11 735 000	8 351 000	4 993 000	2 568 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	6 000
Creditors	433 000	183 000	46 000	111 000
Unpaid Taxes	1 950 000	1 049 000	1 350 000	559 000
Dividends	1 000 000	500 000	60 000	0
Other Current Debt	4 886 000	2 615 000	2 507 000	623 000
Total Current Debt	9 496 000	5 453 000	4 679 000	1 730 000
Total Equity and Debt	21 231 000	13 804 000	9 672 000	4 304 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,37 %	46,2 %	49,77 %	61,25 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	20,63 %	26,85 %	23,88 %	20,19 %
Current Ratio	2,19	2,49	2,01	2,24
Quick Ratio	2,19	2,49	2,01	2,24
Equity Ratio	0,55	0,6	0,52	0,6
Gross Profit Margin	99,36 %	99,33 %	99,93 %	99,43 %