NORWEX NORGE AS

2080 EIDSVOLL

Finances

Share Ownership

Return on Equity

−2 982,79 %

Current Ratio

1,01

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 556 000	34 191 000	23 778 000	23 978 000
Net Income	−12 826 000	−10 341 000	−3 175 000	−1 814 000
Total Assets	30 343 000	29 326 000	16 390 000	5 075 000
Total Equity	430 000	1 934 000	2 196 000	2 930 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 556 000	34 191 000	23 778 000	23 978 000
Expenditure	35 333 000	47 236 000	27 697 000	26 205 000
Operating Profit	−9 777 000	−13 046 000	−3 919 000	−2 227 000
Financial Income	83 000	365 000	−143 000	2 000
Financial Costs	1 086 000	574 000	7 000	101 000
Financial Balance	−1 003 000	−209 000	−150 000	−99 000
Earnings Before Tax	−10 780 000	−13 255 000	−4 070 000	−2 326 000
Tax	2 046 000	−2 914 000	−895 000	−512 000
Net Income	−12 826 000	−10 341 000	−3 175 000	−1 814 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	181 000	2 438 000	2 129 000	282 000
Total Current Assets	30 162 000	26 888 000	14 261 000	4 793 000
Total Assets	30 343 000	29 326 000	16 390 000	5 075 000
Total Retained Equity	−1 504 000	0	0	0
Total Equity	430 000	1 934 000	2 196 000	2 930 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	29 913 000	27 392 000	14 194 000	2 146 000
Total Equity and Debt	30 343 000	29 326 000	16 390 000	5 075 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 514 000	31 406 000	22 598 000	23 632 000
Other Income	4 042 000	2 784 000	1 180 000	345 000
Revenue	25 556 000	34 191 000	23 778 000	23 978 000
Cost of Goods Sold	13 715 000	14 087 000	8 655 000	6 823 000
Salary Costs	5 455 000	11 700 000	2 670 000	2 203 000
Depreciation	218 000	179 000	83 000	77 000
Impairment	0	0	0	0
Expenditure	35 333 000	47 236 000	27 697 000	26 205 000
Operating Profit	−9 777 000	−13 046 000	−3 919 000	−2 227 000
Financial Income	83 000	365 000	−143 000	2 000
Financial Costs	1 086 000	574 000	7 000	101 000
Financial Balance	−1 003 000	−209 000	−150 000	−99 000
Dividends	0	0	0	0
Net Income	−12 826 000	−10 341 000	−3 175 000	−1 814 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	2 046 000	1 683 000	49 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	211 000	266 000	53 000
Total Tangible Assets	0	211 000	266 000	53 000
Total Fiancial Fixed Assets	181 000	181 000	181 000	181 000
Total Fixed Assets	181 000	2 438 000	2 129 000	282 000
Stock	3 094 000	7 930 000	0	0
Total Investments	0	0	0	0
Cash, Bank	1 538 000	1 252 000	953 000	2 079 000
Total Current Assets	30 162 000	26 888 000	14 261 000	4 793 000
Total Assets	30 343 000	29 326 000	16 390 000	5 075 000
Total Equity	430 000	1 934 000	2 196 000	2 930 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	29 052 000	23 295 000	9 703 000	427 000
Unpaid Taxes	584 000	1 674 000	1 314 000	999 000
Dividends	0	0	0	0
Other Current Debt	277 000	2 130 000	1 749 000	720 000
Total Current Debt	29 913 000	27 392 000	14 194 000	2 146 000
Total Equity and Debt	30 343 000	29 326 000	16 390 000	5 075 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2 982,79 %	−534,69 %	−144,58 %	−61,91 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−38,26 %	−38,16 %	−16,48 %	−9,29 %
Current Ratio	1,01	0,98	1	2,23
Quick Ratio	1,12	1,38	1	2,23
Equity Ratio	0,01	0,07	0,13	0,58
Gross Profit Margin	46,33 %	58,8 %	63,6 %	71,54 %