NOROVENT AS

5514 HAUGESUND

Finances

Share Ownership

Return on Equity

40,59 %

Current Ratio

1,01

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 736 000	11 611 000	11 870 000	11 195 000
Net Income	634 000	835 000	897 000	1 062 000
Total Assets	4 396 000	3 839 000	4 218 000	4 310 000
Total Equity	1 562 000	1 270 000	1 201 000	1 300 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 736 000	11 611 000	11 870 000	11 195 000
Expenditure	11 908 000	10 542 000	10 726 000	9 838 000
Operating Profit	828 000	1 070 000	1 145 000	1 358 000
Financial Income	1 000	0	7 000	4 000
Financial Costs	15 000	−1 000	2 000	0
Financial Balance	−14 000	1 000	5 000	4 000
Earnings Before Tax	813 000	1 071 000	1 150 000	1 362 000
Tax	179 000	236 000	253 000	300 000
Net Income	634 000	835 000	897 000	1 062 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 733 000	1 379 000	1 045 000	1 001 000
Total Current Assets	2 663 000	2 460 000	3 172 000	3 308 000
Total Assets	4 396 000	3 839 000	4 218 000	4 310 000
Total Retained Equity	1 460 000	1 168 000	1 099 000	1 198 000
Total Equity	1 562 000	1 270 000	1 201 000	1 300 000
Total Long-Term Debt	189 000	66 000	39 000	32 000
Total Current Debt	2 645 000	2 503 000	2 977 000	2 978 000
Total Equity and Debt	4 396 000	3 839 000	4 218 000	4 310 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 704 000	11 491 000	11 870 000	11 195 000
Other Income	32 000	119 000	0	0
Revenue	12 736 000	11 611 000	11 870 000	11 195 000
Cost of Goods Sold	4 922 000	4 296 000	4 389 000	3 485 000
Salary Costs	4 845 000	4 442 000	5 013 000	4 927 000
Depreciation	268 000	228 000	206 000	251 000
Impairment	0	0	0	0
Expenditure	11 908 000	10 542 000	10 726 000	9 838 000
Operating Profit	828 000	1 070 000	1 145 000	1 358 000
Financial Income	1 000	0	7 000	4 000
Financial Costs	15 000	−1 000	2 000	0
Financial Balance	−14 000	1 000	5 000	4 000
Dividends	0	0	0	0
Net Income	634 000	835 000	897 000	1 062 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 656 000	1 277 000	1 045 000	1 001 000
Total Tangible Assets	1 656 000	1 277 000	1 045 000	1 001 000
Total Fiancial Fixed Assets	77 000	102 000	0	0
Total Fixed Assets	1 733 000	1 379 000	1 045 000	1 001 000
Stock	664 000	425 000	322 000	233 000
Total Investments	0	0	0	0
Cash, Bank	555 000	1 235 000	1 973 000	1 452 000
Total Current Assets	2 663 000	2 460 000	3 172 000	3 308 000
Total Assets	4 396 000	3 839 000	4 218 000	4 310 000
Total Equity	1 562 000	1 270 000	1 201 000	1 300 000
Short-Term Group Debt	843 000	843 000	1 008 000	1 208 000
Total Long-Term Debt	189 000	66 000	39 000	32 000
Creditors	625 000	674 000	678 000	439 000
Unpaid Taxes	666 000	474 000	639 000	637 000
Dividends	0	0	0	0
Other Current Debt	394 000	372 000	412 000	380 000
Total Current Debt	2 645 000	2 503 000	2 977 000	2 978 000
Total Equity and Debt	4 396 000	3 839 000	4 218 000	4 310 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,59 %	65,75 %	74,69 %	81,69 %
Debt-to-Equity Ratio	0,12	0,05	0,03	0,02
Operating Profit Margin	6,5 %	9,22 %	9,65 %	12,13 %
Current Ratio	1,01	0,98	1,07	1,11
Quick Ratio	1,34	1,18	1,19	1,21
Equity Ratio	0,36	0,33	0,28	0,3
Gross Profit Margin	61,35 %	63 %	63,02 %	68,87 %