NORWEGIAN INSURANCE AS

0158 OSLO

Finances

Share Ownership

Return on Equity

44,19 %

Current Ratio

0,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 126 000	1 844 000	1 135 000	0
Net Income	536 000	1 559 000	8 000	−6 000
Total Assets	3 160 000	1 614 000	366 000	30 000
Total Equity	1 213 000	1 591 000	32 000	24 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 126 000	1 844 000	1 135 000	0
Expenditure	1 330 000	276 000	1 126 000	6 000
Operating Profit	797 000	1 568 000	9 000	−6 000
Financial Income	0	3 000	0	0
Financial Costs	3 000	12 000	0	0
Financial Balance	−3 000	−9 000	0	0
Earnings Before Tax	794 000	1 559 000	9 000	−6 000
Tax	258 000	0	1 000	0
Net Income	536 000	1 559 000	8 000	−6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 536 000	1 457 000	0	0
Total Current Assets	624 000	157 000	366 000	30 000
Total Assets	3 160 000	1 614 000	366 000	30 000
Total Retained Equity	1 183 000	1 561 000	2 000	−6 000
Total Equity	1 213 000	1 591 000	32 000	24 000
Total Long-Term Debt	0	6 000	0	0
Total Current Debt	1 947 000	18 000	334 000	6 000
Total Equity and Debt	3 160 000	1 614 000	366 000	30 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 108 000	1 844 000	1 135 000	0
Other Income	18 000	0	0	0
Revenue	2 126 000	1 844 000	1 135 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	1 000	114 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 330 000	276 000	1 126 000	6 000
Operating Profit	797 000	1 568 000	9 000	−6 000
Financial Income	0	3 000	0	0
Financial Costs	3 000	12 000	0	0
Financial Balance	−3 000	−9 000	0	0
Dividends	0	0	0	0
Net Income	536 000	1 559 000	8 000	−6 000

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	2 536 000	1 457 000	0	0
Total Fixed Assets	2 536 000	1 457 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	71 000	106 000	199 000	30 000
Total Current Assets	624 000	157 000	366 000	30 000
Total Assets	3 160 000	1 614 000	366 000	30 000
Total Equity	1 213 000	1 591 000	32 000	24 000
Short-Term Group Debt	1 172 000	0	0	0
Total Long-Term Debt	0	6 000	0	0
Creditors	775 000	0	301 000	0
Unpaid Taxes	0	5 000	15 000	0
Dividends	0	0	0	0
Other Current Debt	0	12 000	18 000	6 000
Total Current Debt	1 947 000	18 000	334 000	6 000
Total Equity and Debt	3 160 000	1 614 000	366 000	30 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,19 %	97,99 %	25 %	−25 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	37,49 %	85,03 %	0,79 %	-
Current Ratio	0,32	8,72	1,1	5
Quick Ratio	0,32	8,72	1,1	5
Equity Ratio	0,38	0,99	0,09	0,8
Gross Profit Margin	100 %	100 %	100 %	-