NORCON AS

5542 KARMSUND

Finances

Return on Equity

49,01 %

Current Ratio

1,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 686 000	641 000	0	453 000
Net Income	1 890 000	−124 000	−20 000	296 000
Total Assets	6 228 000	3 565 000	3 344 000	3 350 000
Total Equity	3 856 000	1 965 000	2 089 000	2 109 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 686 000	641 000	0	453 000
Expenditure	112 000	104 000	26 000	42 000
Operating Profit	2 574 000	538 000	−26 000	412 000
Financial Income	0	0	0	0
Financial Costs	117 000	543 000	0	32 000
Financial Balance	−117 000	−543 000	0	−32 000
Earnings Before Tax	2 457 000	−5 000	−26 000	380 000
Tax	566 000	118 000	−6 000	84 000
Net Income	1 890 000	−124 000	−20 000	296 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 127 000	927 000	1 125 000	1 131 000
Total Current Assets	4 101 000	2 638 000	2 219 000	2 219 000
Total Assets	6 228 000	3 565 000	3 344 000	3 350 000
Total Retained Equity	3 556 000	1 665 000	1 789 000	1 809 000
Total Equity	3 856 000	1 965 000	2 089 000	2 109 000
Total Long-Term Debt	9 000	11 000	14 000	20 000
Total Current Debt	2 363 000	1 588 000	1 240 000	1 221 000
Total Equity and Debt	6 228 000	3 565 000	3 344 000	3 350 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 686 000	641 000	0	453 000
Other Income	0	0	0	0
Revenue	2 686 000	641 000	0	453 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	3 000	7 000	7 000
Impairment	0	0	0	0
Expenditure	112 000	104 000	26 000	42 000
Operating Profit	2 574 000	538 000	−26 000	412 000
Financial Income	0	0	0	0
Financial Costs	117 000	543 000	0	32 000
Financial Balance	−117 000	−543 000	0	−32 000
Dividends	0	0	0	0
Net Income	1 890 000	−124 000	−20 000	296 000

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	0	0	3 000	9 000
Total Tangible Assets	0	0	3 000	9 000
Total Fiancial Fixed Assets	2 127 000	927 000	1 122 000	1 122 000
Total Fixed Assets	2 127 000	927 000	1 125 000	1 131 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	815 000	58 000	13 000	9 000
Total Current Assets	4 101 000	2 638 000	2 219 000	2 219 000
Total Assets	6 228 000	3 565 000	3 344 000	3 350 000
Total Equity	3 856 000	1 965 000	2 089 000	2 109 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 000	11 000	14 000	20 000
Creditors	0	1 000	0	27 000
Unpaid Taxes	176 000	64 000	0	0
Dividends	0	0	0	0
Other Current Debt	1 652 000	1 500 000	1 240 000	1 120 000
Total Current Debt	2 363 000	1 588 000	1 240 000	1 221 000
Total Equity and Debt	6 228 000	3 565 000	3 344 000	3 350 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,01 %	−6,31 %	−0,96 %	14,04 %
Debt-to-Equity Ratio	0	0,01	0,01	0,01
Operating Profit Margin	95,83 %	83,93 %	-	90,95 %
Current Ratio	1,74	1,66	1,79	1,82
Quick Ratio	1,74	1,66	1,79	1,82
Equity Ratio	0,62	0,55	0,62	0,63
Gross Profit Margin	100 %	100 %	-	100 %