NORDIC FASTENING GROUP AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

−25 %

Current Ratio

0,19

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	4 338 000	2 206 000	0
Net Income	398 000	−992 000	−1 028 000
Total Assets	928 000	884 000	423 000
Total Equity	−1 592 000	−1 990 000	−998 000

Income (NOK)	2022	2021	2020
Revenue	4 338 000	2 206 000	0
Expenditure	3 780 000	3 449 000	1 315 000
Operating Profit	558 000	−1 243 000	−1 315 000
Financial Income	0	0	0
Financial Costs	47 000	28 000	2 000
Financial Balance	−47 000	−28 000	−2 000
Earnings Before Tax	512 000	−1 271 000	−1 317 000
Tax	114 000	−279 000	−290 000
Net Income	398 000	−992 000	−1 028 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	454 000	568 000	290 000
Total Current Assets	474 000	315 000	134 000
Total Assets	928 000	884 000	423 000
Total Retained Equity	−1 622 000	−2 020 000	−1 028 000
Total Equity	−1 592 000	−1 990 000	−998 000
Total Long-Term Debt	0	2 249 000	0
Total Current Debt	2 520 000	624 000	1 421 000
Total Equity and Debt	928 000	884 000	423 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	4 338 000	2 206 000	0
Revenue	4 338 000	2 206 000	0
Cost of Goods Sold	0	3 000	14 000
Salary Costs	3 312 000	2 890 000	1 109 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	3 780 000	3 449 000	1 315 000
Operating Profit	558 000	−1 243 000	−1 315 000
Financial Income	0	0	0
Financial Costs	47 000	28 000	2 000
Financial Balance	−47 000	−28 000	−2 000
Dividends	0	0	0
Net Income	398 000	−992 000	−1 028 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	454 000	568 000	290 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	454 000	568 000	290 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	80 000	109 000	111 000
Total Current Assets	474 000	315 000	134 000
Total Assets	928 000	884 000	423 000
Total Equity	−1 592 000	−1 990 000	−998 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	2 249 000	0
Creditors	63 000	9 000	0
Unpaid Taxes	338 000	361 000	185 000
Dividends	0	0	0
Other Current Debt	921 000	254 000	98 000
Total Current Debt	2 520 000	624 000	1 421 000
Total Equity and Debt	928 000	884 000	423 000

Financial indicators	2022	2021	2020
Return on Equity	−25 %	49,85 %	103,01 %
Debt-to-Equity Ratio	−0	−1,13	−0
Operating Profit Margin	12,86 %	−56,35 %	-
Current Ratio	0,19	0,5	0,09
Quick Ratio	0,19	0,5	0,09
Equity Ratio	−1,72	−2,25	−2,36
Gross Profit Margin	100 %	99,86 %	-