NORDIC FUEL SYSTEMS AS

4071 RANDABERG

Finances

Return on Equity

31,86 %

Current Ratio

1,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 898 000	21 108 000	12 858 000	7 623 000
Net Income	397 000	2 059 000	239 000	89 000
Total Assets	3 833 000	6 863 000	2 173 000	2 550 000
Total Equity	1 246 000	1 049 000	350 000	111 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 898 000	21 108 000	12 858 000	7 623 000
Expenditure	15 254 000	18 407 000	12 591 000	7 502 000
Operating Profit	645 000	2 701 000	267 000	122 000
Financial Income	62 000	58 000	90 000	9 000
Financial Costs	192 000	120 000	50 000	17 000
Financial Balance	−130 000	−62 000	40 000	−8 000
Earnings Before Tax	514 000	2 639 000	307 000	114 000
Tax	117 000	581 000	68 000	26 000
Net Income	397 000	2 059 000	239 000	89 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	79 000	50 000	38 000	15 000
Total Current Assets	3 754 000	6 812 000	2 135 000	2 535 000
Total Assets	3 833 000	6 863 000	2 173 000	2 550 000
Total Retained Equity	1 223 000	1 026 000	328 000	89 000
Total Equity	1 246 000	1 049 000	350 000	111 000
Total Long-Term Debt	6 000	18 000	3 000	11 000
Total Current Debt	2 581 000	5 796 000	1 820 000	2 428 000
Total Equity and Debt	3 833 000	6 863 000	2 173 000	2 550 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 898 000	21 108 000	12 858 000	7 623 000
Other Income	0	0	0	0
Revenue	15 898 000	21 108 000	12 858 000	7 623 000
Cost of Goods Sold	12 197 000	15 130 000	9 439 000	5 278 000
Salary Costs	1 942 000	2 171 000	2 244 000	1 749 000
Depreciation	23 000	14 000	10 000	0
Impairment	0	0	0	0
Expenditure	15 254 000	18 407 000	12 591 000	7 502 000
Operating Profit	645 000	2 701 000	267 000	122 000
Financial Income	62 000	58 000	90 000	9 000
Financial Costs	192 000	120 000	50 000	17 000
Financial Balance	−130 000	−62 000	40 000	−8 000
Dividends	200 000	1 360 000	0	0
Net Income	397 000	2 059 000	239 000	89 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	49 000	35 000	23 000	0
Total Tangible Assets	49 000	35 000	23 000	0
Total Fiancial Fixed Assets	30 000	15 000	15 000	15 000
Total Fixed Assets	79 000	50 000	38 000	15 000
Stock	682 000	672 000	279 000	34 000
Total Investments	0	0	0	0
Cash, Bank	994 000	1 704 000	954 000	80 000
Total Current Assets	3 754 000	6 812 000	2 135 000	2 535 000
Total Assets	3 833 000	6 863 000	2 173 000	2 550 000
Total Equity	1 246 000	1 049 000	350 000	111 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 000	18 000	3 000	11 000
Creditors	1 127 000	2 281 000	551 000	1 516 000
Unpaid Taxes	937 000	1 437 000	649 000	703 000
Dividends	200 000	1 360 000	0	0
Other Current Debt	188 000	152 000	544 000	193 000
Total Current Debt	2 581 000	5 796 000	1 820 000	2 428 000
Total Equity and Debt	3 833 000	6 863 000	2 173 000	2 550 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,86 %	196,28 %	68,29 %	80,18 %
Debt-to-Equity Ratio	0	0,02	0,01	0,1
Operating Profit Margin	4,06 %	12,8 %	2,08 %	1,6 %
Current Ratio	1,45	1,18	1,17	1,04
Quick Ratio	1,98	1,33	1,39	1,06
Equity Ratio	0,33	0,15	0,16	0,04
Gross Profit Margin	23,28 %	28,32 %	26,59 %	30,76 %