NOVCON AS

4044 HAFRSFJORD

Finances

Return on Equity

−28,92 %

Current Ratio

8,29

Debt-to-Equity Ratio

0,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	137 000	1 229 000	655 000	1 316 000
Net Income	−3 497 000	6 301 000	2 782 000	2 367 000
Total Assets	18 860 000	27 883 000	25 942 000	27 423 000
Total Equity	12 091 000	16 988 000	16 087 000	13 906 000

Income (NOK)	2022	2021	2020	2019
Revenue	137 000	1 229 000	655 000	1 316 000
Expenditure	102 000	148 000	54 000	73 000
Operating Profit	35 000	1 080 000	601 000	1 242 000
Financial Income	396 000	9 736 000	2 446 000	2 424 000
Financial Costs	3 999 000	4 460 000	265 000	1 300 000
Financial Balance	−3 603 000	5 276 000	2 181 000	1 124 000
Earnings Before Tax	−3 569 000	6 356 000	2 782 000	2 367 000
Tax	−72 000	56 000	0	0
Net Income	−3 497 000	6 301 000	2 782 000	2 367 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	72 000	0	9 747 000	13 101 000
Total Current Assets	18 788 000	27 883 000	16 195 000	14 322 000
Total Assets	18 860 000	27 883 000	25 942 000	27 423 000
Total Retained Equity	4 742 000	10 090 000	9 190 000	7 008 000
Total Equity	12 091 000	16 988 000	16 087 000	13 906 000
Total Long-Term Debt	4 501 000	2 600 000	7 741 000	0
Total Current Debt	2 267 000	8 295 000	2 114 000	13 518 000
Total Equity and Debt	18 860 000	27 883 000	25 942 000	27 423 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	137 000	1 229 000	655 000	1 316 000
Other Income	0	0	0	0
Revenue	137 000	1 229 000	655 000	1 316 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	10 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	102 000	148 000	54 000	73 000
Operating Profit	35 000	1 080 000	601 000	1 242 000
Financial Income	396 000	9 736 000	2 446 000	2 424 000
Financial Costs	3 999 000	4 460 000	265 000	1 300 000
Financial Balance	−3 603 000	5 276 000	2 181 000	1 124 000
Dividends	1 400 000	5 400 000	0	3 354 000
Net Income	−3 497 000	6 301 000	2 782 000	2 367 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	72 000	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	9 747 000	13 101 000
Total Fixed Assets	72 000	0	9 747 000	13 101 000
Stock	0	0	0	0
Total Investments	18 774 000	27 813 000	16 139 000	14 062 000
Cash, Bank	5 000	10 000	0	24 000
Total Current Assets	18 788 000	27 883 000	16 195 000	14 322 000
Total Assets	18 860 000	27 883 000	25 942 000	27 423 000
Total Equity	12 091 000	16 988 000	16 087 000	13 906 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 501 000	2 600 000	7 741 000	0
Creditors	13 000	8 000	3 000	0
Unpaid Taxes	0	26 000	34 000	63 000
Dividends	1 400 000	5 400 000	0	3 354 000
Other Current Debt	2 254 000	4 205 000	2 077 000	2 147 000
Total Current Debt	2 267 000	8 295 000	2 114 000	13 518 000
Total Equity and Debt	18 860 000	27 883 000	25 942 000	27 423 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−28,92 %	37,09 %	17,29 %	17,02 %
Debt-to-Equity Ratio	0,37	0,15	0,48	0
Operating Profit Margin	25,55 %	87,88 %	91,76 %	94,38 %
Current Ratio	8,29	3,36	7,66	1,06
Quick Ratio	8,29	3,36	7,66	1,06
Equity Ratio	0,64	0,61	0,62	0,51
Gross Profit Margin	100 %	100 %	100 %	100 %