DANELEC NORWAY AS

5116 ULSET

Finances

Share Ownership

Return on Equity

−30,92 %

Current Ratio

1,93

Debt-to-Equity Ratio

0,26

Key figures (NOK)	2021	2020	2019	2018
Revenue	62 044 000	78 998 000	83 875 000	52 425 000
Net Income	−9 645 000	6 600 000	11 361 000	352 000
Total Assets	59 785 000	78 115 000	96 687 000	80 336 000
Total Equity	31 190 000	53 335 000	61 736 000	60 374 000

Income (NOK)	2021	2020	2019	2018
Revenue	62 044 000	78 998 000	83 875 000	52 425 000
Expenditure	82 170 000	70 048 000	73 357 000	52 613 000
Operating Profit	−13 964 000	7 545 000	11 015 000	33 000
Financial Income	3 234 000	5 288 000	4 691 000	2 623 000
Financial Costs	1 328 000	4 691 000	1 831 000	2 070 000
Financial Balance	1 906 000	597 000	2 860 000	553 000
Earnings Before Tax	−12 057 000	8 142 000	13 874 000	587 000
Tax	−2 412 000	1 542 000	2 513 000	234 000
Net Income	−9 645 000	6 600 000	11 361 000	352 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	20 433 000	9 604 000	10 070 000	8 850 000
Total Current Assets	39 352 000	68 511 000	86 617 000	71 485 000
Total Assets	59 785 000	78 115 000	96 687 000	80 336 000
Total Retained Equity	29 190 000	51 335 000	59 736 000	58 374 000
Total Equity	31 190 000	53 335 000	61 736 000	60 374 000
Total Long-Term Debt	8 170 000	6 568 000	4 576 000	3 865 000
Total Current Debt	20 425 000	18 213 000	30 376 000	16 096 000
Total Equity and Debt	59 785 000	78 115 000	96 687 000	80 336 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	62 044 000	78 998 000	83 875 000	52 425 000
Other Income	0	0	0	0
Revenue	62 044 000	78 998 000	83 875 000	52 425 000
Cost of Goods Sold	21 288 000	25 011 000	27 572 000	15 870 000
Salary Costs	43 927 000	30 253 000	30 880 000	27 700 000
Depreciation	396 000	544 000	638 000	58 000
Impairment	0	0	0	0
Expenditure	82 170 000	70 048 000	73 357 000	52 613 000
Operating Profit	−13 964 000	7 545 000	11 015 000	33 000
Financial Income	3 234 000	5 288 000	4 691 000	2 623 000
Financial Costs	1 328 000	4 691 000	1 831 000	2 070 000
Financial Balance	1 906 000	597 000	2 860 000	553 000
Dividends	0	0	10 000 000	3 000 000
Net Income	−9 645 000	6 600 000	11 361 000	352 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	10 311 000	475 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	950 000	1 296 000	1 515 000	163 000
Total Tangible Assets	950 000	1 296 000	1 515 000	163 000
Total Fiancial Fixed Assets	9 172 000	7 833 000	8 555 000	8 687 000
Total Fixed Assets	20 433 000	9 604 000	10 070 000	8 850 000
Stock	9 329 000	10 211 000	10 434 000	10 397 000
Total Investments	0	26 601 000	27 432 000	27 396 000
Cash, Bank	12 542 000	13 211 000	29 386 000	20 463 000
Total Current Assets	39 352 000	68 511 000	86 617 000	71 485 000
Total Assets	59 785 000	78 115 000	96 687 000	80 336 000
Total Equity	31 190 000	53 335 000	61 736 000	60 374 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 170 000	6 568 000	4 576 000	3 865 000
Creditors	4 068 000	8 050 000	8 867 000	4 008 000
Unpaid Taxes	7 313 000	2 122 000	2 480 000	1 832 000
Dividends	0	0	10 000 000	3 000 000
Other Current Debt	9 044 000	6 837 000	16 551 000	9 238 000
Total Current Debt	20 425 000	18 213 000	30 376 000	16 096 000
Total Equity and Debt	59 785 000	78 115 000	96 687 000	80 336 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−30,92 %	12,37 %	18,4 %	0,58 %
Debt-to-Equity Ratio	0,26	0,12	0,07	0,06
Operating Profit Margin	−22,51 %	9,55 %	13,13 %	0,06 %
Current Ratio	1,93	3,76	2,85	4,44
Quick Ratio	3,55	8,56	4,34	12,54
Equity Ratio	0,52	0,68	0,64	0,75
Gross Profit Margin	65,69 %	68,34 %	67,13 %	69,73 %