NORSE GROUP AS

6700 MÅLØY

Finances

Return on Equity

−65,21 %

Current Ratio

1,48

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2021	2020	2019	2018
Revenue	294 448 000	393 051 000	619 680 000	634 862 000
Net Income	−63 045 000	−36 592 000	1 454 000	74 985 000
Total Assets	179 288 000	261 710 000	319 688 000	337 538 000
Total Equity	96 684 000	139 357 000	179 950 000	180 214 000

Income (NOK)	2021	2020	2019	2018
Revenue	294 448 000	393 051 000	619 680 000	634 862 000
Expenditure	368 770 000	412 257 000	620 827 000	641 877 000
Operating Profit	−74 321 000	−19 205 000	−1 147 000	−7 015 000
Financial Income	12 838 000	16 084 000	19 330 000	111 869 000
Financial Costs	9 950 000	32 553 000	15 259 000	29 603 000
Financial Balance	2 888 000	−16 469 000	4 071 000	82 266 000
Earnings Before Tax	−71 433 000	−35 674 000	2 923 000	75 251 000
Tax	−8 388 000	918 000	1 469 000	267 000
Net Income	−63 045 000	−36 592 000	1 454 000	74 985 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	63 292 000	76 016 000	75 924 000	24 764 000
Total Current Assets	115 995 000	185 694 000	243 764 000	312 775 000
Total Assets	179 288 000	261 710 000	319 688 000	337 538 000
Total Retained Equity	94 863 000	137 536 000	176 487 000	177 434 000
Total Equity	96 684 000	139 357 000	179 950 000	180 214 000
Total Long-Term Debt	4 042 000	0	0	0
Total Current Debt	78 562 000	122 353 000	139 738 000	157 325 000
Total Equity and Debt	179 288 000	261 710 000	319 688 000	337 538 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	294 414 000	392 947 000	618 600 000	634 142 000
Other Income	34 000	105 000	1 079 000	720 000
Revenue	294 448 000	393 051 000	619 680 000	634 862 000
Cost of Goods Sold	292 863 000	383 305 000	608 674 000	621 475 000
Salary Costs	7 239 000	8 526 000	8 535 000	7 517 000
Depreciation	459 000	469 000	215 000	182 000
Impairment	0	0	0	0
Expenditure	368 770 000	412 257 000	620 827 000	641 877 000
Operating Profit	−74 321 000	−19 205 000	−1 147 000	−7 015 000
Financial Income	12 838 000	16 084 000	19 330 000	111 869 000
Financial Costs	9 950 000	32 553 000	15 259 000	29 603 000
Financial Balance	2 888 000	−16 469 000	4 071 000	82 266 000
Dividends	2 075 000	0	0	40 000 000
Net Income	−63 045 000	−36 592 000	1 454 000	74 985 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	10 384 000	1 996 000	2 907 000	4 376 000
Real Eastate	23 044 000	21 726 000	21 731 000	19 686 000
Machinery and Plant Facilities	5 907 000	4 211 000	1 002 000	0
Fixtures	524 000	753 000	1 144 000	657 000
Total Tangible Assets	29 474 000	26 690 000	23 877 000	20 343 000
Total Fiancial Fixed Assets	23 434 000	47 331 000	49 140 000	45 000
Total Fixed Assets	63 292 000	76 016 000	75 924 000	24 764 000
Stock	0	941 000	386 000	3 234 000
Total Investments	89 704 000	83 119 000	85 717 000	103 691 000
Cash, Bank	3 443 000	4 139 000	26 733 000	34 185 000
Total Current Assets	115 995 000	185 694 000	243 764 000	312 775 000
Total Assets	179 288 000	261 710 000	319 688 000	337 538 000
Total Equity	96 684 000	139 357 000	179 950 000	180 214 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 042 000	0	0	0
Creditors	3 123 000	48 237 000	71 436 000	56 747 000
Unpaid Taxes	361 000	435 000	692 000	265 000
Dividends	2 075 000	0	0	40 000 000
Other Current Debt	30 085 000	6 533 000	12 142 000	4 359 000
Total Current Debt	78 562 000	122 353 000	139 738 000	157 325 000
Total Equity and Debt	179 288 000	261 710 000	319 688 000	337 538 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−65,21 %	−26,26 %	0,81 %	41,61 %
Debt-to-Equity Ratio	0,04	0	0	0
Operating Profit Margin	−25,24 %	−4,89 %	−0,19 %	−1,1 %
Current Ratio	1,48	1,52	1,74	1,99
Quick Ratio	1,48	1,53	1,75	2,03
Equity Ratio	0,54	0,53	0,56	0,53
Gross Profit Margin	0,54 %	2,48 %	1,78 %	2,11 %