NorVest AS

8400 SORTLAND

Finances

Return on Equity

−5,15 %

Current Ratio

2,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 574 000	35 679 000	35 032 000	38 580 000
Net Income	−1 042 000	6 249 000	851 000	2 624 000
Total Assets	28 934 000	34 303 000	29 964 000	30 640 000
Total Equity	20 224 000	21 266 000	20 217 000	20 596 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 574 000	35 679 000	35 032 000	38 580 000
Expenditure	35 711 000	33 958 000	34 333 000	36 808 000
Operating Profit	−137 000	1 721 000	698 000	1 772 000
Financial Income	2 573 000	5 090 000	750 000	1 449 000
Financial Costs	3 350 000	110 000	385 000	130 000
Financial Balance	−777 000	4 980 000	365 000	1 319 000
Earnings Before Tax	−913 000	6 702 000	1 063 000	3 092 000
Tax	129 000	453 000	212 000	468 000
Net Income	−1 042 000	6 249 000	851 000	2 624 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 134 000	7 286 000	6 240 000	5 617 000
Total Current Assets	21 800 000	27 017 000	23 724 000	25 023 000
Total Assets	28 934 000	34 303 000	29 964 000	30 640 000
Total Retained Equity	14 374 000	15 416 000	13 167 000	12 346 000
Total Equity	20 224 000	21 266 000	20 217 000	20 596 000
Total Long-Term Debt	0	30 000	30 000	60 000
Total Current Debt	8 710 000	13 007 000	9 717 000	9 984 000
Total Equity and Debt	28 934 000	34 303 000	29 964 000	30 640 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 178 000	34 947 000	33 707 000	37 571 000
Other Income	396 000	732 000	1 324 000	1 009 000
Revenue	35 574 000	35 679 000	35 032 000	38 580 000
Cost of Goods Sold	3 776 000	3 149 000	3 691 000	3 915 000
Salary Costs	18 188 000	16 874 000	16 981 000	18 391 000
Depreciation	1 438 000	1 283 000	1 234 000	1 223 000
Impairment	0	0	0	0
Expenditure	35 711 000	33 958 000	34 333 000	36 808 000
Operating Profit	−137 000	1 721 000	698 000	1 772 000
Financial Income	2 573 000	5 090 000	750 000	1 449 000
Financial Costs	3 350 000	110 000	385 000	130 000
Financial Balance	−777 000	4 980 000	365 000	1 319 000
Dividends	0	4 000 000	30 000	125 000
Net Income	−1 042 000	6 249 000	851 000	2 624 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	751 000	828 000	940 000	1 006 000
Real Eastate	1 041 000	1 062 000	1 140 000	1 088 000
Machinery and Plant Facilities	0	0	1 089 000	1 074 000
Fixtures	4 860 000	4 699 000	2 445 000	1 822 000
Total Tangible Assets	5 940 000	5 761 000	4 673 000	3 983 000
Total Fiancial Fixed Assets	442 000	697 000	627 000	627 000
Total Fixed Assets	7 134 000	7 286 000	6 240 000	5 617 000
Stock	1 230 000	547 000	410 000	950 000
Total Investments	9 420 000	14 138 000	9 239 000	8 476 000
Cash, Bank	8 332 000	8 700 000	10 252 000	11 202 000
Total Current Assets	21 800 000	27 017 000	23 724 000	25 023 000
Total Assets	28 934 000	34 303 000	29 964 000	30 640 000
Total Equity	20 224 000	21 266 000	20 217 000	20 596 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	30 000	30 000	60 000
Creditors	968 000	1 011 000	1 936 000	1 501 000
Unpaid Taxes	965 000	1 074 000	1 062 000	1 143 000
Dividends	0	4 000 000	30 000	125 000
Other Current Debt	6 724 000	10 581 000	6 485 000	6 797 000
Total Current Debt	8 710 000	13 007 000	9 717 000	9 984 000
Total Equity and Debt	28 934 000	34 303 000	29 964 000	30 640 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,15 %	29,38 %	4,21 %	12,74 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−0,39 %	4,82 %	1,99 %	4,59 %
Current Ratio	2,5	2,08	2,44	2,51
Quick Ratio	2,91	2,17	2,55	2,77
Equity Ratio	0,7	0,62	0,67	0,67
Gross Profit Margin	89,39 %	91,17 %	89,46 %	89,85 %