NORMECO AS

4085 HUNDVÅG

Finances

Share Ownership

Return on Equity

16,4 %

Current Ratio

44,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 582 000	108 000	122 000	125 000
Net Income	1 418 000	48 000	109 000	−83 000
Total Assets	8 789 000	8 204 000	8 784 000	8 792 000
Total Equity	8 647 000	7 229 000	7 181 000	7 073 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 582 000	108 000	122 000	125 000
Expenditure	141 000	201 000	146 000	189 000
Operating Profit	1 442 000	−93 000	−23 000	−64 000
Financial Income	1 000	157 000	170 000	38 000
Financial Costs	26 000	32 000	38 000	49 000
Financial Balance	−25 000	125 000	132 000	−11 000
Earnings Before Tax	1 417 000	32 000	109 000	−75 000
Tax	−1 000	−16 000	0	8 000
Net Income	1 418 000	48 000	109 000	−83 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 461 000	5 317 000	5 449 000	5 411 000
Total Current Assets	6 328 000	2 887 000	3 335 000	3 382 000
Total Assets	8 789 000	8 204 000	8 784 000	8 792 000
Total Retained Equity	8 545 000	7 127 000	7 079 000	6 970 000
Total Equity	8 647 000	7 229 000	7 181 000	7 073 000
Total Long-Term Debt	0	789 000	912 000	1 035 000
Total Current Debt	142 000	185 000	690 000	684 000
Total Equity and Debt	8 789 000	8 204 000	8 784 000	8 792 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 582 000	108 000	122 000	125 000
Revenue	1 582 000	108 000	122 000	125 000
Cost of Goods Sold	6 000	34 000	0	0
Salary Costs	0	0	0	0
Depreciation	75 000	100 000	111 000	111 000
Impairment	0	0	0	0
Expenditure	141 000	201 000	146 000	189 000
Operating Profit	1 442 000	−93 000	−23 000	−64 000
Financial Income	1 000	157 000	170 000	38 000
Financial Costs	26 000	32 000	38 000	49 000
Financial Balance	−25 000	125 000	132 000	−11 000
Dividends	0	0	0	0
Net Income	1 418 000	48 000	109 000	−83 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	56 000	18 000	0	0
Real Eastate	0	2 894 000	2 994 000	3 105 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	2 894 000	2 994 000	3 105 000
Total Fiancial Fixed Assets	2 404 000	2 404 000	2 455 000	2 306 000
Total Fixed Assets	2 461 000	5 317 000	5 449 000	5 411 000
Stock	0	0	0	0
Total Investments	2 834 000	2 834 000	3 257 000	3 337 000
Cash, Bank	3 488 000	6 000	45 000	21 000
Total Current Assets	6 328 000	2 887 000	3 335 000	3 382 000
Total Assets	8 789 000	8 204 000	8 784 000	8 792 000
Total Equity	8 647 000	7 229 000	7 181 000	7 073 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	789 000	912 000	1 035 000
Creditors	20 000	2 000	1 000	1 000
Unpaid Taxes	0	0	2 000	6 000
Dividends	0	0	0	0
Other Current Debt	85 000	50 000	564 000	533 000
Total Current Debt	142 000	185 000	690 000	684 000
Total Equity and Debt	8 789 000	8 204 000	8 784 000	8 792 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,4 %	0,66 %	1,52 %	−1,17 %
Debt-to-Equity Ratio	0	0,11	0,13	0,15
Operating Profit Margin	91,15 %	−86,11 %	−18,85 %	−51,2 %
Current Ratio	44,56	15,61	4,83	4,94
Quick Ratio	44,56	15,61	4,83	4,94
Equity Ratio	0,98	0,88	0,82	0,8
Gross Profit Margin	99,62 %	68,52 %	100 %	100 %