NORDIC HEADS LIMITED

1820 SPYDEBERG

Finances

Share Ownership

Return on Equity

1,58 %

Current Ratio

0,89

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	345 000	216 000	190 000	261 000
Net Income	16 000	13 000	8 000	10 000
Total Assets	1 226 000	1 003 000	873 000	748 000
Total Equity	1 012 000	763 000	449 000	441 000

Income (NOK)	2022	2021	2020	2019
Revenue	345 000	216 000	190 000	261 000
Expenditure	326 000	194 000	178 000	241 000
Operating Profit	19 000	22 000	12 000	20 000
Financial Income	0	0	0	0
Financial Costs	4 000	5 000	4 000	7 000
Financial Balance	−4 000	−5 000	−4 000	−7 000
Earnings Before Tax	16 000	17 000	8 000	13 000
Tax	0	4 000	0	3 000
Net Income	16 000	13 000	8 000	10 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 154 000	750 000	745 000	631 000
Total Current Assets	72 000	253 000	128 000	117 000
Total Assets	1 226 000	1 003 000	873 000	748 000
Total Retained Equity	401 000	452 000	139 000	131 000
Total Equity	1 012 000	763 000	449 000	441 000
Total Long-Term Debt	134 000	160 000	336 000	211 000
Total Current Debt	81 000	81 000	88 000	96 000
Total Equity and Debt	1 226 000	1 003 000	873 000	748 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	345 000	16 000	60 000	81 000
Other Income	0	200 000	130 000	180 000
Revenue	345 000	216 000	190 000	261 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	326 000	194 000	178 000	241 000
Operating Profit	19 000	22 000	12 000	20 000
Financial Income	0	0	0	0
Financial Costs	4 000	5 000	4 000	7 000
Financial Balance	−4 000	−5 000	−4 000	−7 000
Dividends	0	0	0	0
Net Income	16 000	13 000	8 000	10 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 050 000	750 000	550 000	422 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	104 000	0	195 000	209 000
Total Fixed Assets	1 154 000	750 000	745 000	631 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	32 000	33 000	32 000	21 000
Total Current Assets	72 000	253 000	128 000	117 000
Total Assets	1 226 000	1 003 000	873 000	748 000
Total Equity	1 012 000	763 000	449 000	441 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	134 000	160 000	336 000	211 000
Creditors	3 000	3 000	4 000	6 000
Unpaid Taxes	−3 000	−3 000	7 000	9 000
Dividends	0	0	0	0
Other Current Debt	77 000	77 000	77 000	77 000
Total Current Debt	81 000	81 000	88 000	96 000
Total Equity and Debt	1 226 000	1 003 000	873 000	748 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,58 %	1,7 %	1,78 %	2,27 %
Debt-to-Equity Ratio	0,13	0,21	0,75	0,48
Operating Profit Margin	5,51 %	10,19 %	6,32 %	7,66 %
Current Ratio	0,89	3,12	1,45	1,22
Quick Ratio	0,89	3,12	1,45	1,22
Equity Ratio	0,83	0,76	0,51	0,59
Gross Profit Margin	100 %	100 %	100 %	100 %