NORDIC GROUP AS

7011 TRONDHEIM

Finances

Return on Equity

37,4 %

Current Ratio

1,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 025 487 000	994 189 000	865 391 000	871 022 000
Net Income	13 499 000	15 300 000	7 140 000	3 251 000
Total Assets	186 922 000	154 289 000	131 555 000	104 832 000
Total Equity	36 097 000	35 514 000	34 964 000	29 390 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 025 487 000	994 189 000	865 391 000	871 022 000
Expenditure	1 007 830 000	973 847 000	855 334 000	864 817 000
Operating Profit	17 657 000	20 341 000	10 057 000	6 205 000
Financial Income	894 000	288 000	7 687 000	749 000
Financial Costs	1 225 000	944 000	8 583 000	2 762 000
Financial Balance	−331 000	−656 000	−896 000	−2 013 000
Earnings Before Tax	17 326 000	19 685 000	9 161 000	4 193 000
Tax	3 827 000	4 386 000	2 021 000	942 000
Net Income	13 499 000	15 300 000	7 140 000	3 251 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 395 000	4 874 000	6 156 000	6 750 000
Total Current Assets	183 527 000	149 414 000	125 398 000	98 082 000
Total Assets	186 922 000	154 289 000	131 555 000	104 832 000
Total Retained Equity	19 333 000	18 750 000	18 199 000	12 625 000
Total Equity	36 097 000	35 514 000	34 964 000	29 390 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	150 824 000	118 774 000	96 591 000	75 442 000
Total Equity and Debt	186 922 000	154 289 000	131 555 000	104 832 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 025 487 000	994 189 000	865 163 000	870 859 000
Other Income	0	0	228 000	162 000
Revenue	1 025 487 000	994 189 000	865 391 000	871 022 000
Cost of Goods Sold	939 165 000	947 681 000	829 435 000	836 406 000
Salary Costs	18 411 000	17 991 000	17 063 000	18 738 000
Depreciation	418 000	390 000	242 000	1 277 000
Impairment	0	0	0	0
Expenditure	1 007 830 000	973 847 000	855 334 000	864 817 000
Operating Profit	17 657 000	20 341 000	10 057 000	6 205 000
Financial Income	894 000	288 000	7 687 000	749 000
Financial Costs	1 225 000	944 000	8 583 000	2 762 000
Financial Balance	−331 000	−656 000	−896 000	−2 013 000
Dividends	0	0	0	0
Net Income	13 499 000	15 300 000	7 140 000	3 251 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	812 000	995 000	1 221 000	2 800 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	1 218 000	1 070 000
Fixtures	59 000	1 550 000	67 000	30 000
Total Tangible Assets	1 133 000	1 550 000	1 285 000	1 100 000
Total Fiancial Fixed Assets	1 450 000	2 328 000	3 650 000	2 850 000
Total Fixed Assets	3 395 000	4 874 000	6 156 000	6 750 000
Stock	28 811 000	11 797 000	12 075 000	16 624 000
Total Investments	0	0	0	0
Cash, Bank	645 000	864 000	697 000	700 000
Total Current Assets	183 527 000	149 414 000	125 398 000	98 082 000
Total Assets	186 922 000	154 289 000	131 555 000	104 832 000
Total Equity	36 097 000	35 514 000	34 964 000	29 390 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	53 811 000	42 915 000	34 068 000	31 723 000
Unpaid Taxes	1 190 000	1 328 000	1 148 000	1 233 000
Dividends	0	0	0	0
Other Current Debt	9 483 000	9 620 000	5 612 000	4 956 000
Total Current Debt	150 824 000	118 774 000	96 591 000	75 442 000
Total Equity and Debt	186 922 000	154 289 000	131 555 000	104 832 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,4 %	43,08 %	20,42 %	11,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,72 %	2,05 %	1,16 %	0,71 %
Current Ratio	1,22	1,26	1,3	1,3
Quick Ratio	1,5	1,4	1,48	1,67
Equity Ratio	0,19	0,23	0,27	0,28
Gross Profit Margin	8,42 %	4,68 %	4,15 %	3,97 %