NORDIC FORMULA AS

1407 VINTERBRO

Finances

Return on Equity

13,1 %

Current Ratio

3,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 846 000	3 439 000	3 261 000	2 785 000
Net Income	195 000	146 000	531 000	168 000
Total Assets	1 917 000	1 672 000	2 018 000	1 288 000
Total Equity	1 489 000	1 295 000	1 149 000	918 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 846 000	3 439 000	3 261 000	2 785 000
Expenditure	3 575 000	3 331 000	2 581 000	2 570 000
Operating Profit	271 000	108 000	680 000	215 000
Financial Income	13 000	68 000	2 000	2 000
Financial Costs	28 000	9 000	1 000	1 000
Financial Balance	−15 000	59 000	1 000	1 000
Earnings Before Tax	257 000	168 000	681 000	216 000
Tax	62 000	22 000	150 000	48 000
Net Income	195 000	146 000	531 000	168 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	319 000	289 000	302 000	330 000
Total Current Assets	1 598 000	1 383 000	1 716 000	958 000
Total Assets	1 917 000	1 672 000	2 018 000	1 288 000
Total Retained Equity	1 459 000	1 265 000	1 119 000	888 000
Total Equity	1 489 000	1 295 000	1 149 000	918 000
Total Long-Term Debt	7 000	5 000	5 000	7 000
Total Current Debt	420 000	372 000	864 000	363 000
Total Equity and Debt	1 917 000	1 672 000	2 018 000	1 288 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 856 000	3 442 000	3 238 000	2 785 000
Other Income	−10 000	−2 000	24 000	0
Revenue	3 846 000	3 439 000	3 261 000	2 785 000
Cost of Goods Sold	1 625 000	1 449 000	1 205 000	980 000
Salary Costs	1 299 000	1 171 000	660 000	768 000
Depreciation	0	13 000	28 000	46 000
Impairment	0	0	0	0
Expenditure	3 575 000	3 331 000	2 581 000	2 570 000
Operating Profit	271 000	108 000	680 000	215 000
Financial Income	13 000	68 000	2 000	2 000
Financial Costs	28 000	9 000	1 000	1 000
Financial Balance	−15 000	59 000	1 000	1 000
Dividends	0	0	300 000	0
Net Income	195 000	146 000	531 000	168 000

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	53 000	53 000	66 000	94 000
Total Tangible Assets	53 000	53 000	66 000	94 000
Total Fiancial Fixed Assets	266 000	236 000	236 000	236 000
Total Fixed Assets	319 000	289 000	302 000	330 000
Stock	669 000	405 000	241 000	168 000
Total Investments	242 000	268 000	0	0
Cash, Bank	663 000	696 000	1 465 000	759 000
Total Current Assets	1 598 000	1 383 000	1 716 000	958 000
Total Assets	1 917 000	1 672 000	2 018 000	1 288 000
Total Equity	1 489 000	1 295 000	1 149 000	918 000
Short-Term Group Debt	−6 000	0	0	0
Total Long-Term Debt	7 000	5 000	5 000	7 000
Creditors	52 000	80 000	220 000	128 000
Unpaid Taxes	198 000	149 000	101 000	93 000
Dividends	0	0	300 000	0
Other Current Debt	116 000	121 000	91 000	102 000
Total Current Debt	420 000	372 000	864 000	363 000
Total Equity and Debt	1 917 000	1 672 000	2 018 000	1 288 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,1 %	11,27 %	46,21 %	18,3 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	7,05 %	3,14 %	20,85 %	7,72 %
Current Ratio	3,8	3,72	1,99	2,64
Quick Ratio	−6,42	−41,91	2,75	4,91
Equity Ratio	0,78	0,77	0,57	0,71
Gross Profit Margin	57,75 %	57,87 %	63,05 %	64,81 %