NORHARD AS

4440 TONSTAD

Finances

Share Ownership

Return on Equity

102,76 %

Current Ratio

0,38

Debt-to-Equity Ratio

−1,09

Key figures (NOK)	2019	2018	2017	2016
Revenue	34 744 000	40 487 000	42 338 000	59 071 000
Net Income	−58 190 000	−11 995 000	−13 157 000	2 731 000
Total Assets	61 371 000	57 539 000	51 737 000	51 261 000
Total Equity	−56 629 000	1 142 000	2 908 000	15 981 000

Income (NOK)	2019	2018	2017	2016
Revenue	34 744 000	40 487 000	42 338 000	59 071 000
Expenditure	88 405 000	50 771 000	53 741 000	54 291 000
Operating Profit	−53 661 000	−10 284 000	−11 402 000	4 779 000
Financial Income	152 000	737 000	259 000	154 000
Financial Costs	4 799 000	2 516 000	2 041 000	2 202 000
Financial Balance	−4 647 000	−1 779 000	−1 782 000	−2 048 000
Earnings Before Tax	−58 308 000	−12 063 000	−13 184 000	2 731 000
Tax	−118 000	−68 000	−27 000	0
Net Income	−58 190 000	−11 995 000	−13 157 000	2 731 000

Balance (NOK)	2019	2018	2017	2016
Total Fixed Assets	40 012 000	29 587 000	37 719 000	31 158 000
Total Current Assets	21 359 000	27 951 000	14 019 000	20 103 000
Total Assets	61 371 000	57 539 000	51 737 000	51 261 000
Total Retained Equity	−65 611 000	−7 421 000	−4 691 000	2 731 000
Total Equity	−56 629 000	1 142 000	2 908 000	15 981 000
Total Long-Term Debt	61 547 000	18 234 000	19 767 000	10 705 000
Total Current Debt	56 453 000	38 163 000	29 062 000	24 575 000
Total Equity and Debt	61 371 000	57 539 000	51 737 000	51 261 000

Cash flow (NOK)	2019	2018	2017	2016
Sales Income	30 631 000	37 069 000	42 338 000	58 312 000
Other Income	4 112 000	3 418 000	0	759 000
Revenue	34 744 000	40 487 000	42 338 000	59 071 000
Cost of Goods Sold	15 146 000	12 653 000	5 903 000	4 649 000
Salary Costs	35 327 000	16 665 000	21 146 000	21 479 000
Depreciation	4 865 000	3 030 000	1 862 000	1 368 000
Impairment	0	0	0	0
Expenditure	88 405 000	50 771 000	53 741 000	54 291 000
Operating Profit	−53 661 000	−10 284 000	−11 402 000	4 779 000
Financial Income	152 000	737 000	259 000	154 000
Financial Costs	4 799 000	2 516 000	2 041 000	2 202 000
Financial Balance	−4 647 000	−1 779 000	−1 782 000	−2 048 000
Dividends	0	0	0	0
Net Income	−58 190 000	−11 995 000	−13 157 000	2 731 000

Balance details (NOK)	2019	2018	2017	2016
Goodwill	0	0	0	0
Total Intangible Assets	1 656 000	1 519 000	906 000	626 000
Real Eastate	71 000	162 000	253 000	344 000
Machinery and Plant Facilities	37 795 000	24 276 000	31 763 000	29 109 000
Fixtures	385 000	506 000	231 000	328 000
Total Tangible Assets	38 251 000	24 944 000	32 247 000	29 780 000
Total Fiancial Fixed Assets	106 000	3 124 000	4 566 000	752 000
Total Fixed Assets	40 012 000	29 587 000	37 719 000	31 158 000
Stock	2 501 000	2 641 000	2 680 000	2 888 000
Total Investments	0	0	0	0
Cash, Bank	1 656 000	1 418 000	1 976 000	4 148 000
Total Current Assets	21 359 000	27 951 000	14 019 000	20 103 000
Total Assets	61 371 000	57 539 000	51 737 000	51 261 000
Total Equity	−56 629 000	1 142 000	2 908 000	15 981 000
Short-Term Group Debt	10 436 000	0	3 335 000	244 000
Total Long-Term Debt	61 547 000	18 234 000	19 767 000	10 705 000
Creditors	17 664 000	6 467 000	5 660 000	5 136 000
Unpaid Taxes	4 072 000	5 889 000	2 374 000	4 215 000
Dividends	0	0	0	0
Other Current Debt	20 556 000	24 919 000	15 881 000	14 980 000
Total Current Debt	56 453 000	38 163 000	29 062 000	24 575 000
Total Equity and Debt	61 371 000	57 539 000	51 737 000	51 261 000

Financial indicators	2019	2018	2017	2016
Return on Equity	102,76 %	−1 050,35 %	−452,44 %	17,09 %
Debt-to-Equity Ratio	−1,09	15,97	6,8	0,67
Operating Profit Margin	−154,45 %	−25,4 %	−26,93 %	8,09 %
Current Ratio	0,38	0,73	0,48	0,82
Quick Ratio	0,4	0,79	0,53	0,93
Equity Ratio	−0,92	0,02	0,06	0,31
Gross Profit Margin	56,41 %	68,75 %	86,06 %	92,13 %