NORDIC VENTURES AS

5700 VOSS

Finances

Return on Equity

−18,61 %

Current Ratio

0,11

Debt-to-Equity Ratio

1,23

Key figures (NOK)	2021	2020	2019	2018
Revenue	2 760 000	3 230 000	15 240 000	14 753 000
Net Income	−686 000	−1 909 000	834 000	1 819 000
Total Assets	9 873 000	11 365 000	12 525 000	10 813 000
Total Equity	3 686 000	4 372 000	6 281 000	5 447 000

Income (NOK)	2021	2020	2019	2018
Revenue	2 760 000	3 230 000	15 240 000	14 753 000
Expenditure	3 461 000	5 481 000	13 945 000	12 241 000
Operating Profit	−701 000	−2 251 000	1 295 000	2 512 000
Financial Income	0	0	0	1 000
Financial Costs	179 000	197 000	226 000	153 000
Financial Balance	−179 000	−197 000	−226 000	−152 000
Earnings Before Tax	−880 000	−2 447 000	1 069 000	2 360 000
Tax	−194 000	−538 000	235 000	542 000
Net Income	−686 000	−1 909 000	834 000	1 819 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	9 689 000	10 258 000	11 440 000	10 482 000
Total Current Assets	185 000	1 107 000	1 085 000	331 000
Total Assets	9 873 000	11 365 000	12 525 000	10 813 000
Total Retained Equity	3 460 000	4 146 000	6 055 000	5 221 000
Total Equity	3 686 000	4 372 000	6 281 000	5 447 000
Total Long-Term Debt	4 537 000	5 085 000	2 559 000	2 411 000
Total Current Debt	1 651 000	1 909 000	3 685 000	2 956 000
Total Equity and Debt	9 873 000	11 365 000	12 525 000	10 813 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	1 918 000	1 899 000	15 240 000	14 753 000
Other Income	842 000	1 331 000	0	0
Revenue	2 760 000	3 230 000	15 240 000	14 753 000
Cost of Goods Sold	0	0	0	0
Salary Costs	729 000	1 933 000	6 166 000	6 068 000
Depreciation	398 000	469 000	576 000	908 000
Impairment	0	0	0	0
Expenditure	3 461 000	5 481 000	13 945 000	12 241 000
Operating Profit	−701 000	−2 251 000	1 295 000	2 512 000
Financial Income	0	0	0	1 000
Financial Costs	179 000	197 000	226 000	153 000
Financial Balance	−179 000	−197 000	−226 000	−152 000
Dividends	0	0	0	0
Net Income	−686 000	−1 909 000	834 000	1 819 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	109 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 134 000	2 522 000	2 979 000	3 317 000
Fixtures	0	0	0	0
Total Tangible Assets	2 171 000	2 568 000	3 037 000	3 390 000
Total Fiancial Fixed Assets	7 409 000	7 690 000	8 403 000	7 092 000
Total Fixed Assets	9 689 000	10 258 000	11 440 000	10 482 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	3 000	0
Total Current Assets	185 000	1 107 000	1 085 000	331 000
Total Assets	9 873 000	11 365 000	12 525 000	10 813 000
Total Equity	3 686 000	4 372 000	6 281 000	5 447 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 537 000	5 085 000	2 559 000	2 411 000
Creditors	0	0	0	0
Unpaid Taxes	89 000	393 000	494 000	132 000
Dividends	0	0	0	0
Other Current Debt	952 000	998 000	1 282 000	1 065 000
Total Current Debt	1 651 000	1 909 000	3 685 000	2 956 000
Total Equity and Debt	9 873 000	11 365 000	12 525 000	10 813 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−18,61 %	−43,66 %	13,28 %	33,39 %
Debt-to-Equity Ratio	1,23	1,16	0,41	0,44
Operating Profit Margin	−25,4 %	−69,69 %	8,5 %	17,03 %
Current Ratio	0,11	0,58	0,29	0,11
Quick Ratio	0,11	0,58	0,29	0,11
Equity Ratio	0,37	0,38	0,5	0,5
Gross Profit Margin	100 %	100 %	100 %	100 %