NORECS AS

1337 SANDVIKA

Finances

Share Ownership

Return on Equity

28,24 %

Current Ratio

3,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 497 000	5 914 000	4 971 000	5 563 000
Net Income	880 000	480 000	112 000	172 000
Total Assets	4 278 000	3 563 000	2 894 000	2 813 000
Total Equity	3 116 000	2 236 000	1 756 000	1 644 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 497 000	5 914 000	4 971 000	5 563 000
Expenditure	5 293 000	5 418 000	4 971 000	5 423 000
Operating Profit	1 204 000	496 000	0	141 000
Financial Income	31 000	45 000	226 000	57 000
Financial Costs	125 000	62 000	114 000	26 000
Financial Balance	−94 000	−17 000	112 000	31 000
Earnings Before Tax	1 110 000	480 000	112 000	172 000
Tax	230 000	0	0	0
Net Income	880 000	480 000	112 000	172 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	54 000	54 000	54 000	0
Total Current Assets	4 223 000	3 509 000	2 840 000	2 813 000
Total Assets	4 278 000	3 563 000	2 894 000	2 813 000
Total Retained Equity	3 014 000	2 133 000	1 654 000	1 542 000
Total Equity	3 116 000	2 236 000	1 756 000	1 644 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 162 000	1 328 000	1 138 000	1 169 000
Total Equity and Debt	4 278 000	3 563 000	2 894 000	2 813 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 497 000	5 914 000	4 979 000	5 556 000
Other Income	0	0	−8 000	8 000
Revenue	6 497 000	5 914 000	4 971 000	5 563 000
Cost of Goods Sold	2 352 000	2 361 000	2 056 000	2 668 000
Salary Costs	2 383 000	2 327 000	2 251 000	2 048 000
Depreciation	0	0	0	6 000
Impairment	0	0	0	0
Expenditure	5 293 000	5 418 000	4 971 000	5 423 000
Operating Profit	1 204 000	496 000	0	141 000
Financial Income	31 000	45 000	226 000	57 000
Financial Costs	125 000	62 000	114 000	26 000
Financial Balance	−94 000	−17 000	112 000	31 000
Dividends	0	0	0	0
Net Income	880 000	480 000	112 000	172 000

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	54 000	54 000	54 000	0
Total Fixed Assets	54 000	54 000	54 000	0
Stock	1 530 000	1 671 000	1 460 000	1 552 000
Total Investments	0	0	0	0
Cash, Bank	2 555 000	1 575 000	855 000	151 000
Total Current Assets	4 223 000	3 509 000	2 840 000	2 813 000
Total Assets	4 278 000	3 563 000	2 894 000	2 813 000
Total Equity	3 116 000	2 236 000	1 756 000	1 644 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	161 000	212 000	114 000	166 000
Unpaid Taxes	165 000	154 000	139 000	137 000
Dividends	0	0	0	0
Other Current Debt	606 000	961 000	886 000	865 000
Total Current Debt	1 162 000	1 328 000	1 138 000	1 169 000
Total Equity and Debt	4 278 000	3 563 000	2 894 000	2 813 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,24 %	21,47 %	6,38 %	10,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	18,53 %	8,39 %	0 %	2,53 %
Current Ratio	3,63	2,64	2,5	2,41
Quick Ratio	−11,48	−10,23	−8,82	−7,34
Equity Ratio	0,73	0,63	0,61	0,58
Gross Profit Margin	63,8 %	60,08 %	58,64 %	52,04 %