NORFLO AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

21,89 %

Current Ratio

1,81

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 004 000	30 296 000	23 198 000	23 085 000
Net Income	2 417 000	1 639 000	1 516 000	1 310 000
Total Assets	24 655 000	14 744 000	12 137 000	11 458 000
Total Equity	11 041 000	10 124 000	9 835 000	8 319 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 004 000	30 296 000	23 198 000	23 085 000
Expenditure	35 927 000	28 237 000	21 638 000	21 628 000
Operating Profit	3 076 000	2 059 000	1 559 000	1 457 000
Financial Income	964 000	709 000	920 000	212 000
Financial Costs	913 000	686 000	529 000	29 000
Financial Balance	51 000	23 000	391 000	183 000
Earnings Before Tax	3 128 000	2 082 000	1 951 000	1 640 000
Tax	710 000	443 000	435 000	330 000
Net Income	2 417 000	1 639 000	1 516 000	1 310 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	47 000	0	48 000	98 000
Total Current Assets	24 608 000	14 744 000	12 090 000	11 360 000
Total Assets	24 655 000	14 744 000	12 137 000	11 458 000
Total Retained Equity	10 791 000	9 874 000	9 585 000	8 069 000
Total Equity	11 041 000	10 124 000	9 835 000	8 319 000
Total Long-Term Debt	4 000	3 000	0	0
Total Current Debt	13 610 000	4 617 000	2 302 000	3 139 000
Total Equity and Debt	24 655 000	14 744 000	12 137 000	11 458 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	39 004 000	30 184 000	22 902 000	23 085 000
Other Income	0	112 000	295 000	0
Revenue	39 004 000	30 296 000	23 198 000	23 085 000
Cost of Goods Sold	25 597 000	20 700 000	15 908 000	14 329 000
Salary Costs	7 596 000	5 475 000	3 860 000	5 333 000
Depreciation	1 000	33 000	56 000	56 000
Impairment	0	0	0	0
Expenditure	35 927 000	28 237 000	21 638 000	21 628 000
Operating Profit	3 076 000	2 059 000	1 559 000	1 457 000
Financial Income	964 000	709 000	920 000	212 000
Financial Costs	913 000	686 000	529 000	29 000
Financial Balance	51 000	23 000	391 000	183 000
Dividends	1 500 000	1 350 000	0	500 000
Net Income	2 417 000	1 639 000	1 516 000	1 310 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	15 000	9 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	47 000	0	33 000	89 000
Total Tangible Assets	47 000	0	33 000	89 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	47 000	0	48 000	98 000
Stock	0	0	0	0
Total Investments	5 248 000	3 282 000	3 211 000	3 214 000
Cash, Bank	7 730 000	7 992 000	7 201 000	4 992 000
Total Current Assets	24 608 000	14 744 000	12 090 000	11 360 000
Total Assets	24 655 000	14 744 000	12 137 000	11 458 000
Total Equity	11 041 000	10 124 000	9 835 000	8 319 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 000	3 000	0	0
Creditors	5 514 000	1 078 000	927 000	808 000
Unpaid Taxes	2 026 000	1 864 000	537 000	716 000
Dividends	1 500 000	1 350 000	0	500 000
Other Current Debt	3 861 000	650 000	397 000	783 000
Total Current Debt	13 610 000	4 617 000	2 302 000	3 139 000
Total Equity and Debt	24 655 000	14 744 000	12 137 000	11 458 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,89 %	16,19 %	15,41 %	15,75 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,89 %	6,8 %	6,72 %	6,31 %
Current Ratio	1,81	3,19	5,25	3,62
Quick Ratio	1,81	3,19	5,25	3,62
Equity Ratio	0,45	0,69	0,81	0,73
Gross Profit Margin	34,37 %	31,67 %	31,43 %	37,93 %