NORSEMEN AS

3184 BORRE

Finances

Return on Equity

28,94 %

Current Ratio

0,43

Debt-to-Equity Ratio

−0,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	793 000	1 528 000	1 246 000	571 000
Net Income	−472 000	348 000	510 000	−29 000
Total Assets	532 000	978 000	585 000	496 000
Total Equity	−1 631 000	−1 159 000	−1 391 000	−1 901 000

Income (NOK)	2022	2021	2020	2019
Revenue	793 000	1 528 000	1 246 000	571 000
Expenditure	1 159 000	1 072 000	478 000	537 000
Operating Profit	−365 000	455 000	767 000	34 000
Financial Income	0	0	0	0
Financial Costs	107 000	2 000	207 000	57 000
Financial Balance	−107 000	−2 000	−207 000	−57 000
Earnings Before Tax	−472 000	453 000	560 000	−23 000
Tax	0	105 000	50 000	6 000
Net Income	−472 000	348 000	510 000	−29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	287 000	263 000	170 000	369 000
Total Current Assets	245 000	715 000	414 000	128 000
Total Assets	532 000	978 000	585 000	496 000
Total Retained Equity	−1 731 000	−1 259 000	−1 491 000	−2 001 000
Total Equity	−1 631 000	−1 159 000	−1 391 000	−1 901 000
Total Long-Term Debt	1 594 000	1 543 000	1 484 000	1 427 000
Total Current Debt	569 000	594 000	492 000	971 000
Total Equity and Debt	532 000	978 000	585 000	496 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	788 000	1 444 000	1 246 000	571 000
Other Income	5 000	83 000	0	0
Revenue	793 000	1 528 000	1 246 000	571 000
Cost of Goods Sold	0	2 000	0	0
Salary Costs	522 000	516 000	2 000	8 000
Depreciation	45 000	19 000	51 000	52 000
Impairment	0	0	0	0
Expenditure	1 159 000	1 072 000	478 000	537 000
Operating Profit	−365 000	455 000	767 000	34 000
Financial Income	0	0	0	0
Financial Costs	107 000	2 000	207 000	57 000
Financial Balance	−107 000	−2 000	−207 000	−57 000
Dividends	0	0	0	0
Net Income	−472 000	348 000	510 000	−29 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	123 000	127 000	127 000	132 000
Machinery and Plant Facilities	164 000	135 000	43 000	72 000
Fixtures	0	0	0	18 000
Total Tangible Assets	287 000	263 000	170 000	222 000
Total Fiancial Fixed Assets	0	0	0	147 000
Total Fixed Assets	287 000	263 000	170 000	369 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	85 000	600 000	165 000	3 000
Total Current Assets	245 000	715 000	414 000	128 000
Total Assets	532 000	978 000	585 000	496 000
Total Equity	−1 631 000	−1 159 000	−1 391 000	−1 901 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 594 000	1 543 000	1 484 000	1 427 000
Creditors	49 000	52 000	23 000	48 000
Unpaid Taxes	9 000	282 000	78 000	20 000
Dividends	0	0	0	0
Other Current Debt	512 000	156 000	341 000	896 000
Total Current Debt	569 000	594 000	492 000	971 000
Total Equity and Debt	532 000	978 000	585 000	496 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,94 %	−30,03 %	−36,66 %	1,53 %
Debt-to-Equity Ratio	−0,98	−1,33	−1,07	−0,75
Operating Profit Margin	−46,03 %	29,78 %	61,56 %	5,95 %
Current Ratio	0,43	1,2	0,84	0,13
Quick Ratio	0,43	1,2	0,84	0,13
Equity Ratio	−3,07	−1,19	−2,38	−3,83
Gross Profit Margin	100 %	99,87 %	100 %	100 %