NORECON AS

1461 LØRENSKOG

Finances

Return on Equity

5,13 %

Current Ratio

3,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	962 000	1 014 000	895 000	836 000
Net Income	63 000	5 000	−4 000	−3 000
Total Assets	1 608 000	1 559 000	1 593 000	1 628 000
Total Equity	1 229 000	1 165 000	1 159 000	1 159 000

Income (NOK)	2022	2021	2020	2019
Revenue	962 000	1 014 000	895 000	836 000
Expenditure	897 000	1 000 000	897 000	845 000
Operating Profit	65 000	14 000	−2 000	−9 000
Financial Income	20 000	2 000	5 000	8 000
Financial Costs	5 000	7 000	7 000	2 000
Financial Balance	15 000	−5 000	−2 000	6 000
Earnings Before Tax	81 000	9 000	−4 000	−4 000
Tax	18 000	3 000	0	0
Net Income	63 000	5 000	−4 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	412 000	418 000	424 000	254 000
Total Current Assets	1 196 000	1 141 000	1 169 000	1 374 000
Total Assets	1 608 000	1 559 000	1 593 000	1 628 000
Total Retained Equity	645 000	581 000	576 000	572 000
Total Equity	1 229 000	1 165 000	1 159 000	1 159 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	379 000	394 000	434 000	469 000
Total Equity and Debt	1 608 000	1 559 000	1 593 000	1 628 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	962 000	1 014 000	895 000	836 000
Other Income	0	0	0	0
Revenue	962 000	1 014 000	895 000	836 000
Cost of Goods Sold	0	0	107 000	0
Salary Costs	802 000	944 000	737 000	801 000
Depreciation	7 000	7 000	5 000	0
Impairment	0	0	0	0
Expenditure	897 000	1 000 000	897 000	845 000
Operating Profit	65 000	14 000	−2 000	−9 000
Financial Income	20 000	2 000	5 000	8 000
Financial Costs	5 000	7 000	7 000	2 000
Financial Balance	15 000	−5 000	−2 000	6 000
Dividends	0	0	0	0
Net Income	63 000	5 000	−4 000	−3 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	9 000	15 000	22 000	0
Total Tangible Assets	9 000	15 000	22 000	0
Total Fiancial Fixed Assets	402 000	402 000	402 000	254 000
Total Fixed Assets	412 000	418 000	424 000	254 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 193 000	1 006 000	246 000	989 000
Total Current Assets	1 196 000	1 141 000	1 169 000	1 374 000
Total Assets	1 608 000	1 559 000	1 593 000	1 628 000
Total Equity	1 229 000	1 165 000	1 159 000	1 159 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	10 000	97 000	10 000
Unpaid Taxes	52 000	71 000	48 000	48 000
Dividends	0	0	0	0
Other Current Debt	307 000	311 000	289 000	410 000
Total Current Debt	379 000	394 000	434 000	469 000
Total Equity and Debt	1 608 000	1 559 000	1 593 000	1 628 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,13 %	0,43 %	−0,35 %	−0,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,76 %	1,38 %	−0,22 %	−1,08 %
Current Ratio	3,16	2,9	2,69	2,93
Quick Ratio	3,16	2,9	2,69	2,93
Equity Ratio	0,76	0,75	0,73	0,71
Gross Profit Margin	100 %	100 %	88,04 %	100 %