NORWEGIAN DEVELOPMENT INSTITUTE AS

3611 KONGSBERG

Finances

Share Ownership

Return on Equity

52,21 %

Current Ratio

1,52

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	10 845 000	7 524 000	5 233 000
Net Income	1 370 000	763 000	472 000
Total Assets	7 521 000	5 166 000	2 138 000
Total Equity	2 624 000	1 254 000	491 000

Income (NOK)	2022	2021	2020
Revenue	10 845 000	7 524 000	5 233 000
Expenditure	9 082 000	6 544 000	4 631 000
Operating Profit	1 762 000	980 000	602 000
Financial Income	0	0	1 000
Financial Costs	0	0	0
Financial Balance	0	0	1 000
Earnings Before Tax	1 762 000	980 000	602 000
Tax	392 000	217 000	130 000
Net Income	1 370 000	763 000	472 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	56 000	63 000	0
Total Current Assets	7 465 000	5 103 000	2 138 000
Total Assets	7 521 000	5 166 000	2 138 000
Total Retained Equity	2 594 000	1 224 000	472 000
Total Equity	2 624 000	1 254 000	491 000
Total Long-Term Debt	0	0	0
Total Current Debt	4 897 000	3 912 000	1 648 000
Total Equity and Debt	7 521 000	5 166 000	2 138 000

Cash flow (NOK)	2022	2021	2020
Sales Income	10 845 000	7 524 000	98 000
Other Income	0	0	5 135 000
Revenue	10 845 000	7 524 000	5 233 000
Cost of Goods Sold	0	0	213 000
Salary Costs	5 011 000	3 792 000	2 098 000
Depreciation	38 000	23 000	0
Impairment	0	0	0
Expenditure	9 082 000	6 544 000	4 631 000
Operating Profit	1 762 000	980 000	602 000
Financial Income	0	0	1 000
Financial Costs	0	0	0
Financial Balance	0	0	1 000
Dividends	0	0	0
Net Income	1 370 000	763 000	472 000

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	56 000	63 000	0
Total Tangible Assets	56 000	63 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	56 000	63 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	5 825 000	3 303 000	1 188 000
Total Current Assets	7 465 000	5 103 000	2 138 000
Total Assets	7 521 000	5 166 000	2 138 000
Total Equity	2 624 000	1 254 000	491 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	5 000	6 000	13 000
Unpaid Taxes	298 000	0	0
Dividends	0	0	0
Other Current Debt	4 202 000	3 689 000	1 505 000
Total Current Debt	4 897 000	3 912 000	1 648 000
Total Equity and Debt	7 521 000	5 166 000	2 138 000

Financial indicators	2022	2021	2020
Return on Equity	52,21 %	60,85 %	96,13 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	16,25 %	13,02 %	11,5 %
Current Ratio	1,52	1,3	1,3
Quick Ratio	1,52	1,3	1,3
Equity Ratio	0,35	0,24	0,23
Gross Profit Margin	100 %	100 %	95,93 %