NORWAY STEEL SOLUTIONS AS

3725 SKIEN

Finances

Share Ownership

Return on Equity

12,02 %

Current Ratio

5,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 777 000	26 126 000	15 259 000	20 677 000
Net Income	548 000	963 000	21 000	121 000
Total Assets	5 635 000	9 932 000	9 380 000	8 363 000
Total Equity	4 559 000	4 011 000	4 988 000	4 916 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 777 000	26 126 000	15 259 000	20 677 000
Expenditure	20 070 000	24 870 000	15 235 000	20 542 000
Operating Profit	707 000	1 256 000	25 000	136 000
Financial Income	18 000	0	18 000	43 000
Financial Costs	22 000	21 000	16 000	22 000
Financial Balance	−4 000	−21 000	2 000	21 000
Earnings Before Tax	703 000	1 235 000	26 000	156 000
Tax	155 000	272 000	5 000	35 000
Net Income	548 000	963 000	21 000	121 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	134 000	3 902 000	147 000	612 000
Total Current Assets	5 502 000	6 031 000	9 234 000	7 751 000
Total Assets	5 635 000	9 932 000	9 380 000	8 363 000
Total Retained Equity	782 000	235 000	1 211 000	1 392 000
Total Equity	4 559 000	4 011 000	4 988 000	4 916 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 076 000	5 921 000	4 393 000	3 447 000
Total Equity and Debt	5 635 000	9 932 000	9 380 000	8 363 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 777 000	26 126 000	15 259 000	20 677 000
Other Income	0	0	0	0
Revenue	20 777 000	26 126 000	15 259 000	20 677 000
Cost of Goods Sold	16 869 000	22 483 000	12 359 000	17 280 000
Salary Costs	1 916 000	1 272 000	1 583 000	2 076 000
Depreciation	7 000	6 000	5 000	0
Impairment	0	0	0	0
Expenditure	20 070 000	24 870 000	15 235 000	20 542 000
Operating Profit	707 000	1 256 000	25 000	136 000
Financial Income	18 000	0	18 000	43 000
Financial Costs	22 000	21 000	16 000	22 000
Financial Balance	−4 000	−21 000	2 000	21 000
Dividends	0	1 800 000	203 000	0
Net Income	548 000	963 000	21 000	121 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	133 000	132 000	132 000	132 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	7 000	14 000	0
Total Tangible Assets	0	7 000	14 000	0
Total Fiancial Fixed Assets	1 000	3 762 000	1 000	480 000
Total Fixed Assets	134 000	3 902 000	147 000	612 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 613 000	4 351 000	4 804 000	3 897 000
Total Current Assets	5 502 000	6 031 000	9 234 000	7 751 000
Total Assets	5 635 000	9 932 000	9 380 000	8 363 000
Total Equity	4 559 000	4 011 000	4 988 000	4 916 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	90 000	3 037 000	3 409 000	2 173 000
Unpaid Taxes	161 000	67 000	81 000	190 000
Dividends	0	1 800 000	203 000	0
Other Current Debt	669 000	784 000	623 000	1 084 000
Total Current Debt	1 076 000	5 921 000	4 393 000	3 447 000
Total Equity and Debt	5 635 000	9 932 000	9 380 000	8 363 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,02 %	24,01 %	0,42 %	2,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,4 %	4,81 %	0,16 %	0,66 %
Current Ratio	5,11	1,02	2,1	2,25
Quick Ratio	5,11	1,02	2,1	2,25
Equity Ratio	0,81	0,4	0,53	0,59
Gross Profit Margin	18,81 %	13,94 %	19,01 %	16,43 %