MEMO OF NORWAY AS

1923 SØRUM

Finances

Share Ownership

Return on Equity

24,45 %

Current Ratio

20,07

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020
Revenue	443 000	242 000	324 000
Net Income	67 000	66 000	−17 000
Total Assets	290 000	159 000	132 000
Total Equity	274 000	183 000	149 000

Income (NOK)	2022	2021	2020
Revenue	443 000	242 000	324 000
Expenditure	355 000	162 000	341 000
Operating Profit	88 000	79 000	−17 000
Financial Income	4 000	0	0
Financial Costs	0	0	0
Financial Balance	4 000	0	0
Earnings Before Tax	92 000	79 000	−17 000
Tax	25 000	14 000	0
Net Income	67 000	66 000	−17 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	9 000	13 000	17 000
Total Current Assets	281 000	146 000	115 000
Total Assets	290 000	159 000	132 000
Total Retained Equity	244 000	164 000	100 000
Total Equity	274 000	183 000	149 000
Total Long-Term Debt	2 000	0	0
Total Current Debt	14 000	−24 000	−17 000
Total Equity and Debt	290 000	159 000	132 000

Cash flow (NOK)	2022	2021	2020
Sales Income	443 000	242 000	324 000
Other Income	0	0	0
Revenue	443 000	242 000	324 000
Cost of Goods Sold	88 000	67 000	156 000
Salary Costs	0	0	0
Depreciation	4 000	4 000	3 000
Impairment	0	0	0
Expenditure	355 000	162 000	341 000
Operating Profit	88 000	79 000	−17 000
Financial Income	4 000	0	0
Financial Costs	0	0	0
Financial Balance	4 000	0	0
Dividends	0	0	0
Net Income	67 000	66 000	−17 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	9 000	13 000	17 000
Total Tangible Assets	9 000	13 000	17 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	9 000	13 000	17 000
Stock	135 000	74 000	58 000
Total Investments	0	0	0
Cash, Bank	146 000	72 000	57 000
Total Current Assets	281 000	146 000	115 000
Total Assets	290 000	159 000	132 000
Total Equity	274 000	183 000	149 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 000	0	0
Creditors	0	0	12 000
Unpaid Taxes	25 000	9 000	−6 000
Dividends	0	0	0
Other Current Debt	0	0	0
Total Current Debt	14 000	−24 000	−17 000
Total Equity and Debt	290 000	159 000	132 000

Financial indicators	2022	2021	2020
Return on Equity	24,45 %	36,07 %	−11,41 %
Debt-to-Equity Ratio	0,01	0	0
Operating Profit Margin	19,86 %	32,64 %	−5,25 %
Current Ratio	20,07	−6,08	−6,76
Quick Ratio	−2,32	−1,49	−1,53
Equity Ratio	0,94	1,15	1,13
Gross Profit Margin	80,14 %	72,31 %	51,85 %