NORDIC SAFETY ENGINEERING AS

1396 BILLINGSTAD

Finances

Share Ownership

Return on Equity

25,3 %

Current Ratio

2,53

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	23 866 000	20 280 000	29 255 000
Net Income	3 573 000	1 516 000	4 059 000
Total Assets	23 059 000	19 076 000	21 800 000
Total Equity	14 122 000	13 077 000	14 996 000

Income (NOK)	2022	2021	2020
Revenue	23 866 000	20 280 000	29 255 000
Expenditure	19 345 000	18 335 000	23 844 000
Operating Profit	4 521 000	1 944 000	5 411 000
Financial Income	79 000	18 000	234 000
Financial Costs	1 000	1 000	430 000
Financial Balance	78 000	17 000	−196 000
Earnings Before Tax	4 600 000	1 961 000	5 214 000
Tax	1 026 000	445 000	1 155 000
Net Income	3 573 000	1 516 000	4 059 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	488 000	580 000	607 000
Total Current Assets	22 570 000	18 497 000	21 192 000
Total Assets	23 059 000	19 076 000	21 800 000
Total Retained Equity	1 045 000	0	1 859 000
Total Equity	14 122 000	13 077 000	14 996 000
Total Long-Term Debt	0	0	0
Total Current Debt	8 937 000	6 000 000	6 803 000
Total Equity and Debt	23 059 000	19 076 000	21 800 000

Cash flow (NOK)	2022	2021	2020
Sales Income	23 866 000	20 280 000	29 252 000
Other Income	0	0	4 000
Revenue	23 866 000	20 280 000	29 255 000
Cost of Goods Sold	7 361 000	7 124 000	12 047 000
Salary Costs	7 535 000	7 138 000	6 653 000
Depreciation	107 000	145 000	145 000
Impairment	0	0	0
Expenditure	19 345 000	18 335 000	23 844 000
Operating Profit	4 521 000	1 944 000	5 411 000
Financial Income	79 000	18 000	234 000
Financial Costs	1 000	1 000	430 000
Financial Balance	78 000	17 000	−196 000
Dividends	2 500 000	3 350 000	1 500 000
Net Income	3 573 000	1 516 000	4 059 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	242 000	230 000	113 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	7 000	52 000
Fixtures	142 000	238 000	338 000
Total Tangible Assets	142 000	245 000	390 000
Total Fiancial Fixed Assets	105 000	105 000	105 000
Total Fixed Assets	488 000	580 000	607 000
Stock	4 571 000	3 987 000	3 676 000
Total Investments	0	0	0
Cash, Bank	14 144 000	9 762 000	13 225 000
Total Current Assets	22 570 000	18 497 000	21 192 000
Total Assets	23 059 000	19 076 000	21 800 000
Total Equity	14 122 000	13 077 000	14 996 000
Short-Term Group Debt	1 646 000	110 000	616 000
Total Long-Term Debt	0	0	0
Creditors	1 366 000	1 756 000	1 702 000
Unpaid Taxes	1 319 000	1 222 000	1 319 000
Dividends	2 500 000	3 350 000	1 500 000
Other Current Debt	1 076 000	874 000	398 000
Total Current Debt	8 937 000	6 000 000	6 803 000
Total Equity and Debt	23 059 000	19 076 000	21 800 000

Financial indicators	2022	2021	2020
Return on Equity	25,3 %	11,59 %	27,07 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	18,94 %	9,59 %	18,5 %
Current Ratio	2,53	3,08	3,12
Quick Ratio	5,17	9,19	6,78
Equity Ratio	0,61	0,69	0,69
Gross Profit Margin	69,16 %	64,87 %	58,82 %