NORSE MACHINE SERVICE AS

1734 HAFSLUNDSØY

Finances

Return on Equity

49,68 %

Current Ratio

2,12

Debt-to-Equity Ratio

0,48

Key figures (NOK)	2022	2021	2020
Revenue	2 884 000	2 327 000	686 000
Net Income	932 000	639 000	281 000
Total Assets	3 351 000	1 320 000	882 000
Total Equity	1 876 000	945 000	305 000

Income (NOK)	2022	2021	2020
Revenue	2 884 000	2 327 000	686 000
Expenditure	1 533 000	1 496 000	315 000
Operating Profit	1 351 000	830 000	370 000
Financial Income	55 000	0	0
Financial Costs	177 000	11 000	11 000
Financial Balance	−122 000	−11 000	−11 000
Earnings Before Tax	1 228 000	820 000	359 000
Tax	296 000	180 000	78 000
Net Income	932 000	639 000	281 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 121 000	434 000	63 000
Total Current Assets	1 230 000	886 000	819 000
Total Assets	3 351 000	1 320 000	882 000
Total Retained Equity	1 846 000	915 000	275 000
Total Equity	1 876 000	945 000	305 000
Total Long-Term Debt	895 000	1 000	360 000
Total Current Debt	580 000	374 000	217 000
Total Equity and Debt	3 351 000	1 320 000	882 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 884 000	2 327 000	686 000
Other Income	0	0	0
Revenue	2 884 000	2 327 000	686 000
Cost of Goods Sold	0	255 000	0
Salary Costs	938 000	833 000	222 000
Depreciation	87 000	24 000	9 000
Impairment	0	0	0
Expenditure	1 533 000	1 496 000	315 000
Operating Profit	1 351 000	830 000	370 000
Financial Income	55 000	0	0
Financial Costs	177 000	11 000	11 000
Financial Balance	−122 000	−11 000	−11 000
Dividends	0	0	0
Net Income	932 000	639 000	281 000

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	1 756 000	0	0
Fixtures	15 000	39 000	63 000
Total Tangible Assets	1 771 000	39 000	63 000
Total Fiancial Fixed Assets	350 000	395 000	0
Total Fixed Assets	2 121 000	434 000	63 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	308 000	451 000	410 000
Total Current Assets	1 230 000	886 000	819 000
Total Assets	3 351 000	1 320 000	882 000
Total Equity	1 876 000	945 000	305 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	895 000	1 000	360 000
Creditors	36 000	25 000	18 000
Unpaid Taxes	231 000	94 000	102 000
Dividends	0	0	0
Other Current Debt	79 000	75 000	21 000
Total Current Debt	580 000	374 000	217 000
Total Equity and Debt	3 351 000	1 320 000	882 000

Financial indicators	2022	2021	2020
Return on Equity	49,68 %	67,62 %	92,13 %
Debt-to-Equity Ratio	0,48	0	1,18
Operating Profit Margin	46,84 %	35,67 %	53,94 %
Current Ratio	2,12	2,37	3,77
Quick Ratio	2,12	2,37	3,77
Equity Ratio	0,56	0,72	0,35
Gross Profit Margin	100 %	89,04 %	100 %