NORVINA AS

4013 STAVANGER

Finances

Share Ownership

Return on Equity

133,94 %

Current Ratio

1,52

Debt-to-Equity Ratio

1,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 679 000	14 596 000	13 347 000	13 171 000
Net Income	805 000	834 000	840 000	1 095 000
Total Assets	3 558 000	2 663 000	3 201 000	2 702 000
Total Equity	601 000	100 000	100 000	395 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 679 000	14 596 000	13 347 000	13 171 000
Expenditure	14 574 000	13 479 000	12 268 000	11 757 000
Operating Profit	1 105 000	1 117 000	1 079 000	1 414 000
Financial Income	4 000	14 000	45 000	9 000
Financial Costs	76 000	51 000	59 000	20 000
Financial Balance	−72 000	−37 000	−14 000	−11 000
Earnings Before Tax	1 032 000	1 079 000	1 066 000	1 404 000
Tax	227 000	246 000	226 000	309 000
Net Income	805 000	834 000	840 000	1 095 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	328 000	464 000	313 000	171 000
Total Current Assets	3 230 000	2 199 000	2 889 000	2 531 000
Total Assets	3 558 000	2 663 000	3 201 000	2 702 000
Total Retained Equity	501 000	0	0	295 000
Total Equity	601 000	100 000	100 000	395 000
Total Long-Term Debt	825 000	10 000	4 000	0
Total Current Debt	2 132 000	2 553 000	3 097 000	2 307 000
Total Equity and Debt	3 558 000	2 663 000	3 201 000	2 702 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 679 000	14 571 000	13 309 000	13 171 000
Other Income	0	25 000	38 000	0
Revenue	15 679 000	14 596 000	13 347 000	13 171 000
Cost of Goods Sold	7 436 000	7 371 000	6 925 000	6 430 000
Salary Costs	4 553 000	3 983 000	3 438 000	3 462 000
Depreciation	165 000	129 000	85 000	41 000
Impairment	0	0	0	0
Expenditure	14 574 000	13 479 000	12 268 000	11 757 000
Operating Profit	1 105 000	1 117 000	1 079 000	1 414 000
Financial Income	4 000	14 000	45 000	9 000
Financial Costs	76 000	51 000	59 000	20 000
Financial Balance	−72 000	−37 000	−14 000	−11 000
Dividends	600 000	0	0	0
Net Income	805 000	834 000	840 000	1 095 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	0	0	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	202 000	421 000	300 000	129 000
Fixtures	105 000	9 000	13 000	40 000
Total Tangible Assets	307 000	430 000	313 000	168 000
Total Fiancial Fixed Assets	20 000	34 000	0	0
Total Fixed Assets	328 000	464 000	313 000	171 000
Stock	1 556 000	1 450 000	1 423 000	1 073 000
Total Investments	0	0	0	0
Cash, Bank	1 409 000	534 000	770 000	464 000
Total Current Assets	3 230 000	2 199 000	2 889 000	2 531 000
Total Assets	3 558 000	2 663 000	3 201 000	2 702 000
Total Equity	601 000	100 000	100 000	395 000
Short-Term Group Debt	0	1 222 000	1 155 000	1 342 000
Total Long-Term Debt	825 000	10 000	4 000	0
Creditors	344 000	77 000	164 000	227 000
Unpaid Taxes	427 000	360 000	349 000	340 000
Dividends	600 000	0	0	0
Other Current Debt	523 000	667 000	1 230 000	353 000
Total Current Debt	2 132 000	2 553 000	3 097 000	2 307 000
Total Equity and Debt	3 558 000	2 663 000	3 201 000	2 702 000

Financial indicators	2022	2021	2020	2019
Return on Equity	133,94 %	834 %	840 %	277,22 %
Debt-to-Equity Ratio	1,37	0,1	0,04	0
Operating Profit Margin	7,05 %	7,65 %	8,08 %	10,74 %
Current Ratio	1,52	0,86	0,93	1,1
Quick Ratio	5,61	1,99	1,73	2,05
Equity Ratio	0,17	0,04	0,03	0,15
Gross Profit Margin	52,57 %	49,5 %	48,12 %	51,18 %