NORWEGIAN SEAFOOD COMPANY AS

6004 ÅLESUND

Finances

Share Ownership

Return on Equity

32,42 %

Current Ratio

1,65

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 173 561 000	788 034 000	794 699 000	935 865 000
Net Income	26 234 000	18 490 000	3 611 000	11 088 000
Total Assets	199 036 000	155 751 000	139 256 000	175 492 000
Total Equity	80 914 000	71 240 000	58 751 000	55 140 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 173 561 000	788 034 000	794 699 000	935 865 000
Expenditure	1 132 743 000	763 410 000	785 282 000	917 773 000
Operating Profit	40 818 000	24 624 000	9 417 000	18 092 000
Financial Income	136 000	1 313 000	32 000	144 000
Financial Costs	7 237 000	2 182 000	4 739 000	3 928 000
Financial Balance	−7 101 000	−869 000	−4 707 000	−3 784 000
Earnings Before Tax	33 718 000	23 755 000	4 710 000	14 308 000
Tax	7 484 000	5 266 000	1 099 000	3 221 000
Net Income	26 234 000	18 490 000	3 611 000	11 088 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 930 000	3 835 000	2 555 000	914 000
Total Current Assets	195 106 000	151 916 000	136 701 000	174 578 000
Total Assets	199 036 000	155 751 000	139 256 000	175 492 000
Total Retained Equity	49 418 000	39 744 000	27 255 000	23 644 000
Total Equity	80 914 000	71 240 000	58 751 000	55 140 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	118 122 000	84 511 000	80 505 000	120 352 000
Total Equity and Debt	199 036 000	155 751 000	139 256 000	175 492 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 173 561 000	788 034 000	794 699 000	935 844 000
Other Income	0	0	0	21 000
Revenue	1 173 561 000	788 034 000	794 699 000	935 865 000
Cost of Goods Sold	1 104 044 000	729 850 000	760 802 000	893 075 000
Salary Costs	17 683 000	17 338 000	13 135 000	14 421 000
Depreciation	134 000	146 000	157 000	216 000
Impairment	0	0	0	0
Expenditure	1 132 743 000	763 410 000	785 282 000	917 773 000
Operating Profit	40 818 000	24 624 000	9 417 000	18 092 000
Financial Income	136 000	1 313 000	32 000	144 000
Financial Costs	7 237 000	2 182 000	4 739 000	3 928 000
Financial Balance	−7 101 000	−869 000	−4 707 000	−3 784 000
Dividends	15 000 000	6 000 000	0	0
Net Income	26 234 000	18 490 000	3 611 000	11 088 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 618 000	3 798 000	2 483 000	796 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	312 000	37 000	72 000	119 000
Total Tangible Assets	312 000	37 000	72 000	119 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 930 000	3 835 000	2 555 000	914 000
Stock	96 321 000	86 685 000	49 742 000	51 611 000
Total Investments	0	0	0	0
Cash, Bank	1 563 000	1 040 000	524 000	824 000
Total Current Assets	195 106 000	151 916 000	136 701 000	174 578 000
Total Assets	199 036 000	155 751 000	139 256 000	175 492 000
Total Equity	80 914 000	71 240 000	58 751 000	55 140 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	62 806 000	25 041 000	34 142 000	31 937 000
Unpaid Taxes	2 281 000	1 548 000	868 000	1 244 000
Dividends	15 000 000	6 000 000	0	0
Other Current Debt	23 127 000	20 073 000	17 467 000	8 918 000
Total Current Debt	118 122 000	84 511 000	80 505 000	120 352 000
Total Equity and Debt	199 036 000	155 751 000	139 256 000	175 492 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,42 %	25,95 %	6,15 %	20,11 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,48 %	3,12 %	1,18 %	1,93 %
Current Ratio	1,65	1,8	1,7	1,45
Quick Ratio	8,95	−69,88	4,44	2,54
Equity Ratio	0,41	0,46	0,42	0,31
Gross Profit Margin	5,92 %	7,38 %	4,27 %	4,57 %