NORSE FINANCIAL AS

3187 HORTEN

Finances

Share Ownership

Return on Equity

10 %

Current Ratio

1,09

Debt-to-Equity Ratio

0,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	484 000	397 000	632 000	251 000
Net Income	3 000	2 000	−1 000	3 000
Total Assets	502 000	440 000	380 000	51 000
Total Equity	30 000	27 000	32 000	33 000

Income (NOK)	2022	2021	2020	2019
Revenue	484 000	397 000	632 000	251 000
Expenditure	481 000	394 000	632 000	247 000
Operating Profit	3 000	2 000	0	3 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Earnings Before Tax	3 000	2 000	−1 000	3 000
Tax	1 000	0	0	0
Net Income	3 000	2 000	−1 000	3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 000	5 000	0	0
Total Current Assets	493 000	435 000	380 000	51 000
Total Assets	502 000	440 000	380 000	51 000
Total Retained Equity	0	−3 000	2 000	3 000
Total Equity	30 000	27 000	32 000	33 000
Total Long-Term Debt	18 000	0	0	0
Total Current Debt	454 000	413 000	348 000	18 000
Total Equity and Debt	502 000	440 000	380 000	51 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	484 000	397 000	632 000	251 000
Other Income	0	0	0	0
Revenue	484 000	397 000	632 000	251 000
Cost of Goods Sold	0	0	0	0
Salary Costs	153 000	137 000	391 000	46 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	481 000	394 000	632 000	247 000
Operating Profit	3 000	2 000	0	3 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Dividends	0	0	0	0
Net Income	3 000	2 000	−1 000	3 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	9 000	5 000	0	0
Total Fixed Assets	9 000	5 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	236 000	194 000	253 000	51 000
Total Current Assets	493 000	435 000	380 000	51 000
Total Assets	502 000	440 000	380 000	51 000
Total Equity	30 000	27 000	32 000	33 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 000	0	0	0
Creditors	9 000	9 000	0	0
Unpaid Taxes	59 000	66 000	134 000	18 000
Dividends	0	0	0	0
Other Current Debt	386 000	338 000	214 000	−1 000
Total Current Debt	454 000	413 000	348 000	18 000
Total Equity and Debt	502 000	440 000	380 000	51 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10 %	7,41 %	−3,13 %	9,09 %
Debt-to-Equity Ratio	0,6	0	0	0
Operating Profit Margin	0,62 %	0,5 %	0 %	1,2 %
Current Ratio	1,09	1,05	1,09	2,83
Quick Ratio	1,09	1,05	1,09	2,83
Equity Ratio	0,06	0,06	0,08	0,65
Gross Profit Margin	100 %	100 %	100 %	100 %