NORBRAS AS

3725 SKIEN

Finances

Share Ownership

Return on Equity

52,75 %

Current Ratio

5,64

Debt-to-Equity Ratio

0,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	46 408 000	37 121 000	17 552 000	30 731 000
Net Income	4 099 000	2 141 000	1 663 000	1 480 000
Total Assets	11 491 000	9 859 000	9 007 000	6 495 000
Total Equity	7 771 000	3 672 000	1 532 000	690 000

Income (NOK)	2022	2021	2020	2019
Revenue	46 408 000	37 121 000	17 552 000	30 731 000
Expenditure	40 941 000	34 367 000	15 387 000	28 577 000
Operating Profit	5 467 000	2 753 000	2 164 000	2 154 000
Financial Income	82 000	33 000	1 000	7 000
Financial Costs	294 000	40 000	33 000	36 000
Financial Balance	−212 000	−7 000	−32 000	−29 000
Earnings Before Tax	5 255 000	2 745 000	2 132 000	2 125 000
Tax	1 156 000	605 000	469 000	645 000
Net Income	4 099 000	2 141 000	1 663 000	1 480 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	188 000	336 000	417 000	406 000
Total Current Assets	11 303 000	9 523 000	8 590 000	6 089 000
Total Assets	11 491 000	9 859 000	9 007 000	6 495 000
Total Retained Equity	7 671 000	3 572 000	1 432 000	590 000
Total Equity	7 771 000	3 672 000	1 532 000	690 000
Total Long-Term Debt	1 717 000	641 000	36 000	123 000
Total Current Debt	2 003 000	5 546 000	7 439 000	5 682 000
Total Equity and Debt	11 491 000	9 859 000	9 007 000	6 495 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	44 754 000	37 118 000	17 552 000	30 731 000
Other Income	1 654 000	3 000	0	0
Revenue	46 408 000	37 121 000	17 552 000	30 731 000
Cost of Goods Sold	39 186 000	30 477 000	12 205 000	24 872 000
Salary Costs	1 068 000	1 676 000	1 657 000	1 605 000
Depreciation	113 000	176 000	173 000	205 000
Impairment	0	0	0	0
Expenditure	40 941 000	34 367 000	15 387 000	28 577 000
Operating Profit	5 467 000	2 753 000	2 164 000	2 154 000
Financial Income	82 000	33 000	1 000	7 000
Financial Costs	294 000	40 000	33 000	36 000
Financial Balance	−212 000	−7 000	−32 000	−29 000
Dividends	0	0	0	0
Net Income	4 099 000	2 141 000	1 663 000	1 480 000

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	188 000	301 000	417 000	406 000
Total Tangible Assets	188 000	301 000	417 000	406 000
Total Fiancial Fixed Assets	0	35 000	0	0
Total Fixed Assets	188 000	336 000	417 000	406 000
Stock	3 568 000	3 568 000	3 568 000	3 568 000
Total Investments	0	0	0	0
Cash, Bank	3 489 000	2 488 000	136 000	303 000
Total Current Assets	11 303 000	9 523 000	8 590 000	6 089 000
Total Assets	11 491 000	9 859 000	9 007 000	6 495 000
Total Equity	7 771 000	3 672 000	1 532 000	690 000
Short-Term Group Debt	0	2 147 000	3 208 000	0
Total Long-Term Debt	1 717 000	641 000	36 000	123 000
Creditors	1 527 000	676 000	1 406 000	1 959 000
Unpaid Taxes	231 000	668 000	890 000	211 000
Dividends	0	0	0	0
Other Current Debt	165 000	2 055 000	322 000	2 927 000
Total Current Debt	2 003 000	5 546 000	7 439 000	5 682 000
Total Equity and Debt	11 491 000	9 859 000	9 007 000	6 495 000

Financial indicators	2022	2021	2020	2019
Return on Equity	52,75 %	58,31 %	108,55 %	214,49 %
Debt-to-Equity Ratio	0,22	0,17	0,02	0,18
Operating Profit Margin	11,78 %	7,42 %	12,33 %	7,01 %
Current Ratio	5,64	1,72	1,15	1,07
Quick Ratio	−7,22	4,81	2,22	2,88
Equity Ratio	0,68	0,37	0,17	0,11
Gross Profit Margin	15,56 %	17,9 %	30,46 %	19,07 %