NORFINN AS

4017 STAVANGER

Finances

Share Ownership

Return on Equity

11,42 %

Current Ratio

3,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 234 000	34 218 000	26 634 000	22 753 000
Net Income	1 533 000	4 636 000	2 334 000	553 000
Total Assets	18 630 000	21 239 000	16 977 000	13 502 000
Total Equity	13 423 000	13 890 000	11 754 000	10 919 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 234 000	34 218 000	26 634 000	22 753 000
Expenditure	28 305 000	28 300 000	23 666 000	22 069 000
Operating Profit	1 928 000	5 918 000	2 968 000	685 000
Financial Income	44 000	28 000	26 000	25 000
Financial Costs	6 000	0	0	0
Financial Balance	38 000	28 000	26 000	25 000
Earnings Before Tax	1 967 000	5 946 000	2 994 000	710 000
Tax	434 000	1 309 000	660 000	157 000
Net Income	1 533 000	4 636 000	2 334 000	553 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 145 000	1 285 000	4 018 000	4 222 000
Total Current Assets	17 486 000	19 954 000	12 959 000	9 280 000
Total Assets	18 630 000	21 239 000	16 977 000	13 502 000
Total Retained Equity	13 223 000	13 690 000	11 554 000	10 719 000
Total Equity	13 423 000	13 890 000	11 754 000	10 919 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 207 000	7 349 000	5 223 000	2 583 000
Total Equity and Debt	18 630 000	21 239 000	16 977 000	13 502 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 807 000	33 755 000	26 398 000	22 398 000
Other Income	427 000	463 000	236 000	355 000
Revenue	30 234 000	34 218 000	26 634 000	22 753 000
Cost of Goods Sold	16 472 000	17 424 000	14 314 000	12 179 000
Salary Costs	6 062 000	5 354 000	4 707 000	4 861 000
Depreciation	310 000	233 000	317 000	283 000
Impairment	0	0	0	426 000
Expenditure	28 305 000	28 300 000	23 666 000	22 069 000
Operating Profit	1 928 000	5 918 000	2 968 000	685 000
Financial Income	44 000	28 000	26 000	25 000
Financial Costs	6 000	0	0	0
Financial Balance	38 000	28 000	26 000	25 000
Dividends	2 000 000	2 500 000	1 500 000	1 000 000
Net Income	1 533 000	4 636 000	2 334 000	553 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	66 000	117 000	191 000	120 000
Real Eastate	0	0	3 541 000	3 500 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 079 000	1 167 000	286 000	602 000
Total Tangible Assets	1 079 000	1 167 000	3 827 000	4 102 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 145 000	1 285 000	4 018 000	4 222 000
Stock	8 056 000	7 067 000	4 366 000	4 868 000
Total Investments	0	0	0	0
Cash, Bank	7 949 000	8 781 000	6 820 000	4 009 000
Total Current Assets	17 486 000	19 954 000	12 959 000	9 280 000
Total Assets	18 630 000	21 239 000	16 977 000	13 502 000
Total Equity	13 423 000	13 890 000	11 754 000	10 919 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 931 000	1 241 000	345 000	492 000
Unpaid Taxes	300 000	286 000	213 000	331 000
Dividends	2 000 000	2 500 000	1 500 000	1 000 000
Other Current Debt	593 000	4 586 000	2 434 000	487 000
Total Current Debt	5 207 000	7 349 000	5 223 000	2 583 000
Total Equity and Debt	18 630 000	21 239 000	16 977 000	13 502 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,42 %	33,38 %	19,86 %	5,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,38 %	17,29 %	11,14 %	3,01 %
Current Ratio	3,36	2,72	2,48	3,59
Quick Ratio	−6,14	70,76	15,12	−4,06
Equity Ratio	0,72	0,65	0,69	0,81
Gross Profit Margin	45,52 %	49,08 %	46,26 %	46,47 %