NORMEC AS

3570 ÅL

Finances

Share Ownership

Return on Equity

−10,27 %

Current Ratio

2,14

Debt-to-Equity Ratio

1,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 486 000	20 823 000	18 669 000	13 803 000
Net Income	−658 000	1 771 000	1 616 000	−251 000
Total Assets	19 528 000	20 768 000	21 557 000	19 659 000
Total Equity	6 406 000	7 325 000	5 554 000	3 939 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 486 000	20 823 000	18 669 000	13 803 000
Expenditure	20 845 000	15 735 000	14 946 000	16 577 000
Operating Profit	−299 000	2 497 000	2 357 000	135 000
Financial Income	29 000	118 000	134 000	35 000
Financial Costs	574 000	345 000	419 000	490 000
Financial Balance	−545 000	−227 000	−285 000	−455 000
Earnings Before Tax	−844 000	2 271 000	2 072 000	−319 000
Tax	−185 000	500 000	456 000	−69 000
Net Income	−658 000	1 771 000	1 616 000	−251 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 547 000	10 053 000	8 423 000	8 164 000
Total Current Assets	10 981 000	10 715 000	13 134 000	11 495 000
Total Assets	19 528 000	20 768 000	21 557 000	19 659 000
Total Retained Equity	4 446 000	5 366 000	3 595 000	1 979 000
Total Equity	6 406 000	7 325 000	5 554 000	3 939 000
Total Long-Term Debt	7 986 000	8 771 000	9 744 000	9 144 000
Total Current Debt	5 137 000	4 672 000	6 258 000	6 576 000
Total Equity and Debt	19 528 000	20 768 000	21 557 000	19 659 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 244 000	19 645 000	17 665 000	12 902 000
Other Income	1 242 000	1 178 000	1 004 000	900 000
Revenue	21 486 000	20 823 000	18 669 000	13 803 000
Cost of Goods Sold	6 383 000	2 964 000	3 687 000	4 231 000
Salary Costs	8 345 000	7 261 000	6 643 000	7 320 000
Depreciation	956 000	594 000	789 000	811 000
Impairment	0	0	0	0
Expenditure	20 845 000	15 735 000	14 946 000	16 577 000
Operating Profit	−299 000	2 497 000	2 357 000	135 000
Financial Income	29 000	118 000	134 000	35 000
Financial Costs	574 000	345 000	419 000	490 000
Financial Balance	−545 000	−227 000	−285 000	−455 000
Dividends	261 000	0	0	0
Net Income	−658 000	1 771 000	1 616 000	−251 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 264 000	2 623 000	1 891 000	1 417 000
Real Eastate	7 067 000	7 289 000	6 337 000	6 514 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	216 000	140 000	185 000	222 000
Total Tangible Assets	7 283 000	7 430 000	6 522 000	6 736 000
Total Fiancial Fixed Assets	0	0	10 000	10 000
Total Fixed Assets	8 547 000	10 053 000	8 423 000	8 164 000
Stock	7 732 000	7 789 000	7 899 000	9 229 000
Total Investments	0	0	0	0
Cash, Bank	1 710 000	622 000	2 765 000	466 000
Total Current Assets	10 981 000	10 715 000	13 134 000	11 495 000
Total Assets	19 528 000	20 768 000	21 557 000	19 659 000
Total Equity	6 406 000	7 325 000	5 554 000	3 939 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 986 000	8 771 000	9 744 000	9 144 000
Creditors	1 227 000	877 000	829 000	1 009 000
Unpaid Taxes	680 000	650 000	614 000	681 000
Dividends	261 000	0	0	0
Other Current Debt	3 230 000	2 650 000	4 499 000	3 816 000
Total Current Debt	5 137 000	4 672 000	6 258 000	6 576 000
Total Equity and Debt	19 528 000	20 768 000	21 557 000	19 659 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,27 %	24,18 %	29,1 %	−6,37 %
Debt-to-Equity Ratio	1,25	1,2	1,75	2,32
Operating Profit Margin	−1,39 %	11,99 %	12,63 %	0,98 %
Current Ratio	2,14	2,29	2,1	1,75
Quick Ratio	−4,23	−3,44	−8	−4,33
Equity Ratio	0,33	0,35	0,26	0,2
Gross Profit Margin	70,29 %	85,77 %	80,25 %	69,35 %