NORSE SECURITIES AS

0161 OSLO

Finances

Share Ownership

Return on Equity

−38,9 %

Current Ratio

2,78

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 898 000	47 571 000	51 575 000	44 298 000
Net Income	−5 607 000	8 700 000	13 632 000	8 298 000
Total Assets	22 307 000	45 799 000	48 359 000	36 366 000
Total Equity	14 415 000	20 022 000	19 722 000	15 090 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 898 000	47 571 000	51 575 000	44 298 000
Expenditure	29 686 000	39 808 000	37 467 000	35 887 000
Operating Profit	−2 788 000	7 764 000	14 107 000	8 411 000
Financial Income	102 000	2 918 000	3 151 000	2 045 000
Financial Costs	3 593 000	2 000	54 000	0
Financial Balance	−3 491 000	2 916 000	3 097 000	2 045 000
Earnings Before Tax	−6 279 000	10 679 000	17 204 000	10 456 000
Tax	−672 000	1 979 000	3 572 000	2 158 000
Net Income	−5 607 000	8 700 000	13 632 000	8 298 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	795 000	265 000	5 180 000	1 582 000
Total Current Assets	21 512 000	45 534 000	43 179 000	34 785 000
Total Assets	22 307 000	45 799 000	48 359 000	36 366 000
Total Retained Equity	12 120 000	17 727 000	17 427 000	12 795 000
Total Equity	14 415 000	20 022 000	19 722 000	15 090 000
Total Long-Term Debt	162 000	162 000	162 000	162 000
Total Current Debt	7 730 000	25 614 000	28 474 000	21 114 000
Total Equity and Debt	22 307 000	45 799 000	48 359 000	36 366 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 176 000	46 834 000	50 765 000	43 353 000
Other Income	722 000	738 000	810 000	945 000
Revenue	26 898 000	47 571 000	51 575 000	44 298 000
Cost of Goods Sold	0	0	0	0
Salary Costs	22 925 000	31 604 000	30 069 000	28 951 000
Depreciation	141 000	151 000	178 000	248 000
Impairment	0	0	0	0
Expenditure	29 686 000	39 808 000	37 467 000	35 887 000
Operating Profit	−2 788 000	7 764 000	14 107 000	8 411 000
Financial Income	102 000	2 918 000	3 151 000	2 045 000
Financial Costs	3 593 000	2 000	54 000	0
Financial Balance	−3 491 000	2 916 000	3 097 000	2 045 000
Dividends	0	8 400 000	9 000 000	5 500 000
Net Income	−5 607 000	8 700 000	13 632 000	8 298 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	705 000	33 000	40 000	40 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	91 000	232 000	274 000	426 000
Total Tangible Assets	91 000	232 000	274 000	426 000
Total Fiancial Fixed Assets	0	0	4 865 000	1 115 000
Total Fixed Assets	795 000	265 000	5 180 000	1 582 000
Stock	0	0	0	0
Total Investments	13 416 000	16 977 000	14 195 000	11 244 000
Cash, Bank	3 801 000	27 212 000	26 919 000	22 408 000
Total Current Assets	21 512 000	45 534 000	43 179 000	34 785 000
Total Assets	22 307 000	45 799 000	48 359 000	36 366 000
Total Equity	14 415 000	20 022 000	19 722 000	15 090 000
Short-Term Group Debt	58 000	58 000	58 000	101 000
Total Long-Term Debt	162 000	162 000	162 000	162 000
Creditors	159 000	72 000	232 000	101 000
Unpaid Taxes	1 393 000	1 915 000	1 700 000	1 498 000
Dividends	0	8 400 000	9 000 000	5 500 000
Other Current Debt	6 119 000	13 198 000	13 912 000	11 910 000
Total Current Debt	7 730 000	25 614 000	28 474 000	21 114 000
Total Equity and Debt	22 307 000	45 799 000	48 359 000	36 366 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−38,9 %	43,45 %	69,12 %	54,99 %
Debt-to-Equity Ratio	0,01	0,01	0,01	0,01
Operating Profit Margin	−10,37 %	16,32 %	27,35 %	18,99 %
Current Ratio	2,78	1,78	1,52	1,65
Quick Ratio	2,78	1,78	1,52	1,65
Equity Ratio	0,65	0,44	0,41	0,41
Gross Profit Margin	100 %	100 %	100 %	100 %