NORSAT AS

8904 BRØNNØYSUND

Finances

Share Ownership

Return on Equity

71,17 %

Current Ratio

1,79

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 378 000	2 916 000	2 157 000	1 426 000
Net Income	316 000	275 000	383 000	−79 000
Total Assets	1 005 000	1 040 000	781 000	506 000
Total Equity	444 000	528 000	593 000	210 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 378 000	2 916 000	2 157 000	1 426 000
Expenditure	1 977 000	2 560 000	1 775 000	1 503 000
Operating Profit	401 000	356 000	383 000	−77 000
Financial Income	7 000	0	0	1 000
Financial Costs	2 000	0	0	2 000
Financial Balance	5 000	0	0	−1 000
Earnings Before Tax	405 000	356 000	383 000	−79 000
Tax	89 000	81 000	0	0
Net Income	316 000	275 000	383 000	−79 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 005 000	1 040 000	781 000	506 000
Total Assets	1 005 000	1 040 000	781 000	506 000
Total Retained Equity	414 000	498 000	563 000	180 000
Total Equity	444 000	528 000	593 000	210 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	561 000	512 000	188 000	296 000
Total Equity and Debt	1 005 000	1 040 000	781 000	506 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 378 000	2 916 000	2 157 000	1 426 000
Other Income	0	0	0	0
Revenue	2 378 000	2 916 000	2 157 000	1 426 000
Cost of Goods Sold	1 631 000	2 085 000	1 428 000	943 000
Salary Costs	130 000	136 000	121 000	374 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 977 000	2 560 000	1 775 000	1 503 000
Operating Profit	401 000	356 000	383 000	−77 000
Financial Income	7 000	0	0	1 000
Financial Costs	2 000	0	0	2 000
Financial Balance	5 000	0	0	−1 000
Dividends	0	0	0	0
Net Income	316 000	275 000	383 000	−79 000

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	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	517 000	573 000	331 000	298 000
Total Current Assets	1 005 000	1 040 000	781 000	506 000
Total Assets	1 005 000	1 040 000	781 000	506 000
Total Equity	444 000	528 000	593 000	210 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	478 000	385 000	185 000	229 000
Unpaid Taxes	−28 000	−38 000	−12 000	−9 000
Dividends	0	0	0	0
Other Current Debt	22 000	84 000	15 000	76 000
Total Current Debt	561 000	512 000	188 000	296 000
Total Equity and Debt	1 005 000	1 040 000	781 000	506 000

Financial indicators	2022	2021	2020	2019
Return on Equity	71,17 %	52,08 %	64,59 %	−37,62 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	16,86 %	12,21 %	17,76 %	−5,4 %
Current Ratio	1,79	2,03	4,15	1,71
Quick Ratio	1,79	2,03	4,15	1,71
Equity Ratio	0,44	0,51	0,76	0,42
Gross Profit Margin	31,41 %	28,5 %	33,8 %	33,87 %