NORTH SEA ELECTRONICS AS

5165 LAKSEVÅG

Finances

Return on Equity

39,05 %

Current Ratio

2,33

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 174 000	35 966 000	28 223 000	42 310 000
Net Income	7 979 000	4 544 000	2 980 000	8 759 000
Total Assets	38 487 000	30 036 000	25 542 000	24 031 000
Total Equity	20 431 000	15 451 000	17 907 000	14 927 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 174 000	35 966 000	28 223 000	42 310 000
Expenditure	41 228 000	29 973 000	24 432 000	31 397 000
Operating Profit	10 946 000	5 993 000	3 790 000	10 912 000
Financial Income	528 000	268 000	470 000	468 000
Financial Costs	1 101 000	498 000	579 000	302 000
Financial Balance	−573 000	−230 000	−109 000	166 000
Earnings Before Tax	10 374 000	5 763 000	3 682 000	11 077 000
Tax	2 394 000	1 219 000	702 000	2 318 000
Net Income	7 979 000	4 544 000	2 980 000	8 759 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 258 000	1 659 000	1 311 000	1 573 000
Total Current Assets	37 228 000	28 377 000	24 230 000	22 457 000
Total Assets	38 487 000	30 036 000	25 542 000	24 031 000
Total Retained Equity	20 341 000	15 361 000	17 817 000	14 837 000
Total Equity	20 431 000	15 451 000	17 907 000	14 927 000
Total Long-Term Debt	2 097 000	1 221 000	1 310 000	1 831 000
Total Current Debt	15 959 000	13 363 000	6 325 000	7 273 000
Total Equity and Debt	38 487 000	30 036 000	25 542 000	24 031 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	52 174 000	35 835 000	27 917 000	42 310 000
Other Income	0	132 000	306 000	0
Revenue	52 174 000	35 966 000	28 223 000	42 310 000
Cost of Goods Sold	24 387 000	15 845 000	11 157 000	17 872 000
Salary Costs	13 811 000	11 693 000	10 978 000	10 427 000
Depreciation	312 000	261 000	262 000	271 000
Impairment	0	0	0	0
Expenditure	41 228 000	29 973 000	24 432 000	31 397 000
Operating Profit	10 946 000	5 993 000	3 790 000	10 912 000
Financial Income	528 000	268 000	470 000	468 000
Financial Costs	1 101 000	498 000	579 000	302 000
Financial Balance	−573 000	−230 000	−109 000	166 000
Dividends	3 000 000	7 000 000	0	0
Net Income	7 979 000	4 544 000	2 980 000	8 759 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 258 000	1 150 000	1 311 000	1 573 000
Total Tangible Assets	1 258 000	1 150 000	1 311 000	1 573 000
Total Fiancial Fixed Assets	0	509 000	0	0
Total Fixed Assets	1 258 000	1 659 000	1 311 000	1 573 000
Stock	9 449 000	9 782 000	9 182 000	9 378 000
Total Investments	0	0	0	0
Cash, Bank	13 934 000	7 654 000	9 855 000	1 383 000
Total Current Assets	37 228 000	28 377 000	24 230 000	22 457 000
Total Assets	38 487 000	30 036 000	25 542 000	24 031 000
Total Equity	20 431 000	15 451 000	17 907 000	14 927 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 097 000	1 221 000	1 310 000	1 831 000
Creditors	2 521 000	3 188 000	896 000	3 262 000
Unpaid Taxes	1 648 000	848 000	1 196 000	781 000
Dividends	3 000 000	7 000 000	0	0
Other Current Debt	7 412 000	8 385 000	3 652 000	1 175 000
Total Current Debt	15 959 000	13 363 000	6 325 000	7 273 000
Total Equity and Debt	38 487 000	30 036 000	25 542 000	24 031 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,05 %	29,41 %	16,64 %	58,68 %
Debt-to-Equity Ratio	0,1	0,08	0,07	0,12
Operating Profit Margin	20,98 %	16,66 %	13,43 %	25,79 %
Current Ratio	2,33	2,12	3,83	3,09
Quick Ratio	5,72	7,92	−8,48	−10,67
Equity Ratio	0,53	0,51	0,7	0,62
Gross Profit Margin	53,26 %	55,94 %	60,47 %	57,76 %