NORSE TECHNOLOGIES AS

0484 OSLO

Finances

Share Ownership

Return on Equity

−123,28 %

Current Ratio

0,99

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	2 535 000	2 303 000	540 000
Net Income	−143 000	138 000	96 000
Total Assets	2 391 000	708 000	776 000
Total Equity	116 000	259 000	121 000

Income (NOK)	2022	2021	2020
Revenue	2 535 000	2 303 000	540 000
Expenditure	2 676 000	2 119 000	418 000
Operating Profit	−140 000	184 000	122 000
Financial Income	91 000	2 000	0
Financial Costs	99 000	8 000	0
Financial Balance	−8 000	−6 000	0
Earnings Before Tax	−148 000	178 000	122 000
Tax	−5 000	39 000	26 000
Net Income	−143 000	138 000	96 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	132 000	253 000	56 000
Total Current Assets	2 259 000	455 000	721 000
Total Assets	2 391 000	708 000	776 000
Total Retained Equity	86 000	229 000	91 000
Total Equity	116 000	259 000	121 000
Total Long-Term Debt	0	207 000	0
Total Current Debt	2 275 000	242 000	655 000
Total Equity and Debt	2 391 000	708 000	776 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 517 000	2 303 000	540 000
Other Income	17 000	0	0
Revenue	2 535 000	2 303 000	540 000
Cost of Goods Sold	265 000	73 000	0
Salary Costs	1 449 000	1 154 000	0
Depreciation	44 000	33 000	0
Impairment	0	0	0
Expenditure	2 676 000	2 119 000	418 000
Operating Profit	−140 000	184 000	122 000
Financial Income	91 000	2 000	0
Financial Costs	99 000	8 000	0
Financial Balance	−8 000	−6 000	0
Dividends	0	0	0
Net Income	−143 000	138 000	96 000

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	0	197 000	0
Total Tangible Assets	0	197 000	0
Total Fiancial Fixed Assets	132 000	56 000	56 000
Total Fixed Assets	132 000	253 000	56 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	282 000	370 000	46 000
Total Current Assets	2 259 000	455 000	721 000
Total Assets	2 391 000	708 000	776 000
Total Equity	116 000	259 000	121 000
Short-Term Group Debt	0	0	101 000
Total Long-Term Debt	0	207 000	0
Creditors	227 000	5 000	460 000
Unpaid Taxes	160 000	94 000	69 000
Dividends	0	0	0
Other Current Debt	1 888 000	108 000	0
Total Current Debt	2 275 000	242 000	655 000
Total Equity and Debt	2 391 000	708 000	776 000

Financial indicators	2022	2021	2020
Return on Equity	−123,28 %	53,28 %	79,34 %
Debt-to-Equity Ratio	0	0,8	0
Operating Profit Margin	−5,52 %	7,99 %	22,59 %
Current Ratio	0,99	1,88	1,1
Quick Ratio	0,99	1,88	1,1
Equity Ratio	0,05	0,37	0,16
Gross Profit Margin	89,55 %	96,83 %	100 %