NORSHIELD AS

2550 OS I ØSTERDALEN

Finances

Return on Equity

6,37 %

Current Ratio

2,29

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	38 887 000	33 056 000	29 231 000	25 792 000
Net Income	1 036 000	750 000	2 256 000	1 714 000
Total Assets	24 376 000	27 067 000	23 277 000	26 159 000
Total Equity	16 260 000	15 774 000	16 124 000	14 968 000

Income (NOK)	2022	2021	2020	2019
Revenue	38 887 000	33 056 000	29 231 000	25 792 000
Expenditure	37 688 000	32 270 000	26 315 000	24 052 000
Operating Profit	1 199 000	786 000	2 917 000	1 741 000
Financial Income	405 000	168 000	151 000	297 000
Financial Costs	281 000	2 000	173 000	130 000
Financial Balance	124 000	166 000	−22 000	167 000
Earnings Before Tax	1 323 000	953 000	2 894 000	1 908 000
Tax	287 000	203 000	638 000	417 000
Net Income	1 036 000	750 000	2 256 000	1 714 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 537 000	7 286 000	4 152 000	4 372 000
Total Current Assets	16 839 000	19 781 000	19 124 000	21 787 000
Total Assets	24 376 000	27 067 000	23 277 000	26 159 000
Total Retained Equity	13 924 000	13 438 000	13 788 000	12 632 000
Total Equity	16 260 000	15 774 000	16 124 000	14 968 000
Total Long-Term Debt	760 000	474 000	271 000	334 000
Total Current Debt	7 356 000	10 819 000	6 881 000	10 857 000
Total Equity and Debt	24 376 000	27 067 000	23 277 000	26 159 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 887 000	33 056 000	29 231 000	25 792 000
Other Income	0	0	0	0
Revenue	38 887 000	33 056 000	29 231 000	25 792 000
Cost of Goods Sold	25 543 000	21 304 000	16 656 000	14 533 000
Salary Costs	7 753 000	6 703 000	6 460 000	6 341 000
Depreciation	274 000	235 000	190 000	196 000
Impairment	0	0	0	0
Expenditure	37 688 000	32 270 000	26 315 000	24 052 000
Operating Profit	1 199 000	786 000	2 917 000	1 741 000
Financial Income	405 000	168 000	151 000	297 000
Financial Costs	281 000	2 000	173 000	130 000
Financial Balance	124 000	166 000	−22 000	167 000
Dividends	550 000	0	1 100 000	840 000
Net Income	1 036 000	750 000	2 256 000	1 714 000

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	1 274 000	1 037 000	822 000	1 012 000
Total Tangible Assets	1 274 000	1 037 000	822 000	1 012 000
Total Fiancial Fixed Assets	6 263 000	6 249 000	3 330 000	3 360 000
Total Fixed Assets	7 537 000	7 286 000	4 152 000	4 372 000
Stock	1 996 000	1 573 000	1 323 000	926 000
Total Investments	76 000	76 000	76 000	76 000
Cash, Bank	10 713 000	6 867 000	11 620 000	13 721 000
Total Current Assets	16 839 000	19 781 000	19 124 000	21 787 000
Total Assets	24 376 000	27 067 000	23 277 000	26 159 000
Total Equity	16 260 000	15 774 000	16 124 000	14 968 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	760 000	474 000	271 000	334 000
Creditors	1 223 000	5 628 000	1 104 000	2 659 000
Unpaid Taxes	2 057 000	1 893 000	1 633 000	2 074 000
Dividends	550 000	0	1 100 000	840 000
Other Current Debt	3 525 000	2 198 000	2 343 000	4 835 000
Total Current Debt	7 356 000	10 819 000	6 881 000	10 857 000
Total Equity and Debt	24 376 000	27 067 000	23 277 000	26 159 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,37 %	4,75 %	13,99 %	11,45 %
Debt-to-Equity Ratio	0,05	0,03	0,02	0,02
Operating Profit Margin	3,08 %	2,38 %	9,98 %	6,75 %
Current Ratio	2,29	1,83	2,78	2,01
Quick Ratio	3,14	2,14	3,44	2,19
Equity Ratio	0,67	0,58	0,69	0,57
Gross Profit Margin	34,31 %	35,55 %	43,02 %	43,65 %