NORSTEELS AS

4014 STAVANGER

Finances

Return on Equity

−16,77 %

Current Ratio

4,77

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	256 000	216 000	234 000	143 000
Net Income	−2 250 000	5 098 000	−12 000	1 090 000
Total Assets	16 913 000	19 421 000	14 973 000	15 376 000
Total Equity	13 415 000	15 665 000	13 567 000	14 330 000

Income (NOK)	2022	2021	2020	2019
Revenue	256 000	216 000	234 000	143 000
Expenditure	206 000	306 000	174 000	215 000
Operating Profit	49 000	−90 000	59 000	−73 000
Financial Income	367 000	5 803 000	302 000	1 206 000
Financial Costs	2 666 000	616 000	374 000	43 000
Financial Balance	−2 299 000	5 187 000	−72 000	1 163 000
Earnings Before Tax	−2 250 000	5 098 000	−12 000	1 090 000
Tax	0	0	0	0
Net Income	−2 250 000	5 098 000	−12 000	1 090 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 161 000	3 052 000	3 136 000	3 223 000
Total Current Assets	13 752 000	16 370 000	11 836 000	12 153 000
Total Assets	16 913 000	19 421 000	14 973 000	15 376 000
Total Retained Equity	12 635 000	14 885 000	12 787 000	13 550 000
Total Equity	13 415 000	15 665 000	13 567 000	14 330 000
Total Long-Term Debt	616 000	708 000	840 000	988 000
Total Current Debt	2 882 000	3 048 000	565 000	58 000
Total Equity and Debt	16 913 000	19 421 000	14 973 000	15 376 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	256 000	216 000	234 000	143 000
Revenue	256 000	216 000	234 000	143 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	58 000	58 000	58 000	58 000
Impairment	0	0	0	0
Expenditure	206 000	306 000	174 000	215 000
Operating Profit	49 000	−90 000	59 000	−73 000
Financial Income	367 000	5 803 000	302 000	1 206 000
Financial Costs	2 666 000	616 000	374 000	43 000
Financial Balance	−2 299 000	5 187 000	−72 000	1 163 000
Dividends	0	3 000 000	500 000	0
Net Income	−2 250 000	5 098 000	−12 000	1 090 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 569 000	2 628 000	2 686 000	2 744 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 569 000	2 628 000	2 686 000	2 744 000
Total Fiancial Fixed Assets	592 000	424 000	451 000	478 000
Total Fixed Assets	3 161 000	3 052 000	3 136 000	3 223 000
Stock	0	0	0	0
Total Investments	13 606 000	16 243 000	11 743 000	12 073 000
Cash, Bank	146 000	126 000	93 000	80 000
Total Current Assets	13 752 000	16 370 000	11 836 000	12 153 000
Total Assets	16 913 000	19 421 000	14 973 000	15 376 000
Total Equity	13 415 000	15 665 000	13 567 000	14 330 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	616 000	708 000	840 000	988 000
Creditors	0	0	0	0
Unpaid Taxes	13 000	0	9 000	2 000
Dividends	0	3 000 000	500 000	0
Other Current Debt	2 869 000	48 000	56 000	56 000
Total Current Debt	2 882 000	3 048 000	565 000	58 000
Total Equity and Debt	16 913 000	19 421 000	14 973 000	15 376 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,77 %	32,54 %	−0,09 %	7,61 %
Debt-to-Equity Ratio	0,05	0,05	0,06	0,07
Operating Profit Margin	19,14 %	−41,67 %	25,21 %	−51,05 %
Current Ratio	4,77	5,37	20,95	209,53
Quick Ratio	4,77	5,37	20,95	209,53
Equity Ratio	0,79	0,81	0,91	0,93
Gross Profit Margin	100 %	100 %	100 %	100 %