NORNET AS

8406 SORTLAND

Finances

Return on Equity

26,75 %

Current Ratio

5,91

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	693 000	1 187 000	1 510 000	818 000
Net Income	4 035 000	497 000	407 000	20 000
Total Assets	17 715 000	12 946 000	1 902 000	1 432 000
Total Equity	15 084 000	2 113 000	1 616 000	1 209 000

Income (NOK)	2022	2021	2020	2019
Revenue	693 000	1 187 000	1 510 000	818 000
Expenditure	1 122 000	1 196 000	1 025 000	726 000
Operating Profit	−429 000	−9 000	485 000	92 000
Financial Income	7 051 000	872 000	4 000	0
Financial Costs	2 544 000	387 000	2 000	0
Financial Balance	4 507 000	485 000	2 000	0
Earnings Before Tax	4 077 000	476 000	487 000	92 000
Tax	42 000	−21 000	80 000	72 000
Net Income	4 035 000	497 000	407 000	20 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 705 000	11 886 000	1 253 000	820 000
Total Current Assets	15 010 000	1 061 000	649 000	613 000
Total Assets	17 715 000	12 946 000	1 902 000	1 432 000
Total Retained Equity	14 984 000	2 013 000	1 516 000	1 109 000
Total Equity	15 084 000	2 113 000	1 616 000	1 209 000
Total Long-Term Debt	90 000	10 548 000	130 000	0
Total Current Debt	2 540 000	285 000	156 000	223 000
Total Equity and Debt	17 715 000	12 946 000	1 902 000	1 432 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	387 000	939 000	644 000	749 000
Other Income	306 000	249 000	866 000	69 000
Revenue	693 000	1 187 000	1 510 000	818 000
Cost of Goods Sold	169 000	199 000	363 000	157 000
Salary Costs	254 000	0	127 000	76 000
Depreciation	74 000	28 000	20 000	64 000
Impairment	0	0	0	0
Expenditure	1 122 000	1 196 000	1 025 000	726 000
Operating Profit	−429 000	−9 000	485 000	92 000
Financial Income	7 051 000	872 000	4 000	0
Financial Costs	2 544 000	387 000	2 000	0
Financial Balance	4 507 000	485 000	2 000	0
Dividends	1 590 000	0	0	0
Net Income	4 035 000	497 000	407 000	20 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 450 000	0	0	0
Real Eastate	0	0	0	38 000
Machinery and Plant Facilities	20 000	29 000	39 000	2 000
Fixtures	12 000	27 000	8 000	14 000
Total Tangible Assets	32 000	56 000	47 000	54 000
Total Fiancial Fixed Assets	1 223 000	11 830 000	1 205 000	765 000
Total Fixed Assets	2 705 000	11 886 000	1 253 000	820 000
Stock	0	0	0	0
Total Investments	13 579 000	1 000	1 000	1 000
Cash, Bank	318 000	20 000	428 000	190 000
Total Current Assets	15 010 000	1 061 000	649 000	613 000
Total Assets	17 715 000	12 946 000	1 902 000	1 432 000
Total Equity	15 084 000	2 113 000	1 616 000	1 209 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	90 000	10 548 000	130 000	0
Creditors	−181 000	204 000	30 000	5 000
Unpaid Taxes	63 000	1 000	90 000	120 000
Dividends	1 590 000	0	0	0
Other Current Debt	1 067 000	20 000	36 000	26 000
Total Current Debt	2 540 000	285 000	156 000	223 000
Total Equity and Debt	17 715 000	12 946 000	1 902 000	1 432 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,75 %	23,52 %	25,19 %	1,65 %
Debt-to-Equity Ratio	0,01	4,99	0,08	0
Operating Profit Margin	−61,9 %	−0,76 %	32,12 %	11,25 %
Current Ratio	5,91	3,72	4,16	2,75
Quick Ratio	5,91	3,72	4,16	2,75
Equity Ratio	0,85	0,16	0,85	0,84
Gross Profit Margin	75,61 %	83,24 %	75,96 %	80,81 %