NORDIC REFRESHMENT COMPANY AS

1176 OSLO

Finances

Return on Equity

16,99 %

Current Ratio

10,69

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 074 000	26 715 000	18 311 000	9 814 000
Net Income	1 327 000	3 261 000	271 000	297 000
Total Assets	8 567 000	7 845 000	4 393 000	4 452 000
Total Equity	7 810 000	6 483 000	3 222 000	2 951 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 074 000	26 715 000	18 311 000	9 814 000
Expenditure	16 400 000	22 519 000	17 958 000	9 351 000
Operating Profit	1 673 000	4 197 000	353 000	463 000
Financial Income	118 000	61 000	82 000	28 000
Financial Costs	81 000	75 000	160 000	3 000
Financial Balance	37 000	−14 000	−78 000	25 000
Earnings Before Tax	1 710 000	4 184 000	275 000	488 000
Tax	383 000	923 000	4 000	192 000
Net Income	1 327 000	3 261 000	271 000	297 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	476 000	4 140 000	1 516 000	588 000
Total Current Assets	8 091 000	3 706 000	2 877 000	3 864 000
Total Assets	8 567 000	7 845 000	4 393 000	4 452 000
Total Retained Equity	7 710 000	6 383 000	3 122 000	2 851 000
Total Equity	7 810 000	6 483 000	3 222 000	2 951 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	757 000	1 362 000	1 171 000	1 501 000
Total Equity and Debt	8 567 000	7 845 000	4 393 000	4 452 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 072 000	26 355 000	18 305 000	9 714 000
Other Income	2 000	360 000	6 000	100 000
Revenue	18 074 000	26 715 000	18 311 000	9 814 000
Cost of Goods Sold	13 922 000	20 489 000	14 693 000	6 949 000
Salary Costs	0	2 000	1 756 000	570 000
Depreciation	0	5 000	64 000	64 000
Impairment	0	0	0	0
Expenditure	16 400 000	22 519 000	17 958 000	9 351 000
Operating Profit	1 673 000	4 197 000	353 000	463 000
Financial Income	118 000	61 000	82 000	28 000
Financial Costs	81 000	75 000	160 000	3 000
Financial Balance	37 000	−14 000	−78 000	25 000
Dividends	0	0	0	250 000
Net Income	1 327 000	3 261 000	271 000	297 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	6 000	9 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	128 000	192 000
Total Tangible Assets	0	0	128 000	192 000
Total Fiancial Fixed Assets	471 000	4 133 000	1 379 000	396 000
Total Fixed Assets	476 000	4 140 000	1 516 000	588 000
Stock	634 000	443 000	417 000	1 184 000
Total Investments	0	0	0	0
Cash, Bank	2 054 000	2 010 000	728 000	1 388 000
Total Current Assets	8 091 000	3 706 000	2 877 000	3 864 000
Total Assets	8 567 000	7 845 000	4 393 000	4 452 000
Total Equity	7 810 000	6 483 000	3 222 000	2 951 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	316 000	323 000	623 000	640 000
Unpaid Taxes	60 000	119 000	371 000	358 000
Dividends	0	0	0	250 000
Other Current Debt	0	0	164 000	311 000
Total Current Debt	757 000	1 362 000	1 171 000	1 501 000
Total Equity and Debt	8 567 000	7 845 000	4 393 000	4 452 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,99 %	50,3 %	8,41 %	10,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,26 %	15,71 %	1,93 %	4,72 %
Current Ratio	10,69	2,72	2,46	2,57
Quick Ratio	65,78	4,03	3,82	12,19
Equity Ratio	0,91	0,83	0,73	0,66
Gross Profit Margin	22,97 %	23,31 %	19,76 %	29,19 %