NORAC AS

4841 ARENDAL

Finances

Share Ownership

Return on Equity

−55,46 %

Current Ratio

0,95

Debt-to-Equity Ratio

0,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	306 360 000	260 456 000	248 694 000	335 396 000
Net Income	−18 362 000	−4 016 000	−11 936 000	−1 680 000
Total Assets	205 256 000	154 170 000	156 544 000	163 207 000
Total Equity	33 109 000	23 870 000	31 834 000	35 737 000

Income (NOK)	2022	2021	2020	2019
Revenue	306 360 000	260 456 000	248 694 000	335 396 000
Expenditure	328 589 000	269 075 000	258 984 000	334 428 000
Operating Profit	−22 229 000	−8 619 000	−10 289 000	968 000
Financial Income	14 811 000	15 493 000	18 641 000	12 065 000
Financial Costs	16 219 000	11 703 000	23 316 000	14 243 000
Financial Balance	−1 408 000	3 790 000	−4 675 000	−2 178 000
Earnings Before Tax	−23 637 000	−4 829 000	−14 965 000	−1 210 000
Tax	−5 275 000	−813 000	−3 029 000	470 000
Net Income	−18 362 000	−4 016 000	−11 936 000	−1 680 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	50 551 000	20 306 000	35 623 000	29 387 000
Total Current Assets	154 705 000	133 864 000	120 920 000	133 820 000
Total Assets	205 256 000	154 170 000	156 544 000	163 207 000
Total Retained Equity	0	6 605 000	14 568 000	18 472 000
Total Equity	33 109 000	23 870 000	31 834 000	35 737 000
Total Long-Term Debt	9 826 000	33 670 000	48 629 000	49 868 000
Total Current Debt	162 321 000	96 631 000	76 081 000	77 602 000
Total Equity and Debt	205 256 000	154 171 000	156 544 000	163 207 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	288 120 000	243 773 000	247 664 000	334 594 000
Other Income	18 240 000	16 683 000	1 030 000	802 000
Revenue	306 360 000	260 456 000	248 694 000	335 396 000
Cost of Goods Sold	175 850 000	137 836 000	158 319 000	204 823 000
Salary Costs	73 677 000	58 405 000	70 752 000	85 057 000
Depreciation	3 992 000	5 625 000	5 148 000	5 646 000
Impairment	0	67 209 000	0	0
Expenditure	328 589 000	269 075 000	258 984 000	334 428 000
Operating Profit	−22 229 000	−8 619 000	−10 289 000	968 000
Financial Income	14 811 000	15 493 000	18 641 000	12 065 000
Financial Costs	16 219 000	11 703 000	23 316 000	14 243 000
Financial Balance	−1 408 000	3 790 000	−4 675 000	−2 178 000
Dividends	0	0	0	0
Net Income	−18 362 000	−4 016 000	−11 936 000	−1 680 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	14 000	82 000	149 000
Total Intangible Assets	3 580 000	8 281 000	6 419 000	2 448 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	12 804 000	11 542 000	14 520 000	15 165 000
Total Tangible Assets	12 804 000	11 542 000	14 520 000	15 165 000
Total Fiancial Fixed Assets	34 167 000	483 000	14 684 000	11 774 000
Total Fixed Assets	50 551 000	20 306 000	35 623 000	29 387 000
Stock	70 685 000	60 758 000	59 697 000	52 423 000
Total Investments	0	0	0	0
Cash, Bank	894 000	993 000	1 065 000	2 235 000
Total Current Assets	154 705 000	133 864 000	120 920 000	133 820 000
Total Assets	205 256 000	154 170 000	156 544 000	163 207 000
Total Equity	33 109 000	23 870 000	31 834 000	35 737 000
Short-Term Group Debt	55 444 000	1 419 000	0	0
Total Long-Term Debt	9 826 000	33 670 000	48 629 000	49 868 000
Creditors	47 330 000	47 890 000	44 479 000	46 223 000
Unpaid Taxes	5 825 000	7 291 000	12 080 000	4 113 000
Dividends	0	0	0	0
Other Current Debt	35 233 000	33 908 000	5 735 000	15 629 000
Total Current Debt	162 321 000	96 631 000	76 081 000	77 602 000
Total Equity and Debt	205 256 000	154 171 000	156 544 000	163 207 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−55,46 %	−16,82 %	−37,49 %	−4,7 %
Debt-to-Equity Ratio	0,3	1,41	1,53	1,4
Operating Profit Margin	−7,26 %	−3,31 %	−4,14 %	0,29 %
Current Ratio	0,95	1,39	1,59	1,72
Quick Ratio	1,69	3,73	7,38	5,31
Equity Ratio	0,16	0,15	0,2	0,22
Gross Profit Margin	42,6 %	47,08 %	36,34 %	38,93 %