NORSOL AS

6630 TINGVOLL

Finances

Share Ownership

Return on Equity

42,28 %

Current Ratio

1,66

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	129 962 000	135 608 000	109 016 000	80 829 000
Net Income	15 115 000	21 982 000	15 579 000	6 595 000
Total Assets	76 698 000	78 877 000	63 767 000	51 299 000
Total Equity	35 753 000	40 638 000	34 819 000	29 240 000

Income (NOK)	2022	2021	2020	2019
Revenue	129 962 000	135 608 000	109 016 000	80 829 000
Expenditure	110 749 000	107 670 000	90 095 000	72 710 000
Operating Profit	19 213 000	27 938 000	18 922 000	8 118 000
Financial Income	531 000	670 000	550 000	490 000
Financial Costs	346 000	359 000	314 000	163 000
Financial Balance	185 000	311 000	236 000	327 000
Earnings Before Tax	19 398 000	28 249 000	19 158 000	8 445 000
Tax	4 284 000	6 267 000	3 579 000	1 851 000
Net Income	15 115 000	21 982 000	15 579 000	6 595 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 898 000	9 617 000	5 700 000	5 164 000
Total Current Assets	67 800 000	69 260 000	58 067 000	46 134 000
Total Assets	76 698 000	78 877 000	63 767 000	51 299 000
Total Retained Equity	34 643 000	39 528 000	33 709 000	28 130 000
Total Equity	35 753 000	40 638 000	34 819 000	29 240 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	40 945 000	38 239 000	28 948 000	22 058 000
Total Equity and Debt	76 698 000	78 877 000	63 767 000	51 299 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	129 193 000	135 563 000	108 484 000	80 537 000
Other Income	769 000	46 000	532 000	292 000
Revenue	129 962 000	135 608 000	109 016 000	80 829 000
Cost of Goods Sold	42 575 000	41 513 000	36 007 000	26 987 000
Salary Costs	35 391 000	31 867 000	25 416 000	23 773 000
Depreciation	2 030 000	1 744 000	1 766 000	1 871 000
Impairment	0	0	0	0
Expenditure	110 749 000	107 670 000	90 095 000	72 710 000
Operating Profit	19 213 000	27 938 000	18 922 000	8 118 000
Financial Income	531 000	670 000	550 000	490 000
Financial Costs	346 000	359 000	314 000	163 000
Financial Balance	185 000	311 000	236 000	327 000
Dividends	20 000 000	16 163 000	10 000 000	8 000 000
Net Income	15 115 000	21 982 000	15 579 000	6 595 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 350 000	1 644 000	1 198 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	3 801 000	3 842 000	1 062 000	1 500 000
Fixtures	3 698 000	4 131 000	3 440 000	3 664 000
Total Tangible Assets	7 499 000	7 973 000	4 503 000	5 164 000
Total Fiancial Fixed Assets	49 000	0	0	0
Total Fixed Assets	8 898 000	9 617 000	5 700 000	5 164 000
Stock	27 860 000	19 458 000	10 068 000	8 313 000
Total Investments	0	0	0	0
Cash, Bank	25 978 000	36 270 000	39 130 000	30 661 000
Total Current Assets	67 800 000	69 260 000	58 067 000	46 134 000
Total Assets	76 698 000	78 877 000	63 767 000	51 299 000
Total Equity	35 753 000	40 638 000	34 819 000	29 240 000
Short-Term Group Debt	0	0	1 162 000	4 252 000
Total Long-Term Debt	0	0	0	0
Creditors	3 384 000	2 854 000	2 087 000	1 006 000
Unpaid Taxes	5 009 000	3 614 000	4 288 000	3 501 000
Dividends	20 000 000	16 163 000	10 000 000	8 000 000
Other Current Debt	8 563 000	8 894 000	6 634 000	3 449 000
Total Current Debt	40 945 000	38 239 000	28 948 000	22 058 000
Total Equity and Debt	76 698 000	78 877 000	63 767 000	51 299 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,28 %	54,09 %	44,74 %	22,55 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,78 %	20,6 %	17,36 %	10,04 %
Current Ratio	1,66	1,81	2,01	2,09
Quick Ratio	5,18	3,69	3,08	3,36
Equity Ratio	0,47	0,52	0,55	0,57
Gross Profit Margin	67,24 %	69,39 %	66,97 %	66,61 %