NORSE TECHNOLOGY GROUP AS

4313 SANDNES

Finances

Return on Equity

123,6 %

Current Ratio

0,77

Debt-to-Equity Ratio

−1,33

Key figures (NOK)	2021	2020	2019	2018
Revenue	8 952 000	11 129 000	4 321 000	0
Net Income	−45 714 000	−1 154 000	−4 913 000	−1 594 000
Total Assets	20 612 000	48 170 000	45 562 000	35 807 000
Total Equity	−36 984 000	8 730 000	2 884 000	7 797 000

Income (NOK)	2021	2020	2019	2018
Revenue	8 952 000	11 129 000	4 321 000	0
Expenditure	16 608 000	11 328 000	8 177 000	2 872 000
Operating Profit	−7 656 000	−199 000	−3 855 000	−2 872 000
Financial Income	0	5 000	737 000	1 622 000
Financial Costs	38 057 000	960 000	1 795 000	345 000
Financial Balance	−38 057 000	−955 000	−1 058 000	1 277 000
Earnings Before Tax	−45 714 000	−1 154 000	−4 913 000	−1 594 000
Tax	0	0	0	0
Net Income	−45 714 000	−1 154 000	−4 913 000	−1 594 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	14 063 000	33 811 000	35 567 000	33 149 000
Total Current Assets	6 549 000	14 360 000	9 995 000	2 657 000
Total Assets	20 612 000	48 170 000	45 562 000	35 807 000
Total Retained Equity	−56 335 000	−13 984 000	−12 830 000	−7 917 000
Total Equity	−36 984 000	8 730 000	2 884 000	7 797 000
Total Long-Term Debt	49 081 000	36 123 000	32 604 000	27 294 000
Total Current Debt	8 514 000	3 318 000	10 075 000	716 000
Total Equity and Debt	20 612 000	48 170 000	45 562 000	35 807 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	8 952 000	11 111 000	4 321 000	0
Other Income	0	19 000	0	0
Revenue	8 952 000	11 129 000	4 321 000	0
Cost of Goods Sold	0	36 000	0	0
Salary Costs	3 039 000	7 837 000	6 185 000	1 720 000
Depreciation	20 000	48 000	43 000	0
Impairment	0	0	0	0
Expenditure	16 608 000	11 328 000	8 177 000	2 872 000
Operating Profit	−7 656 000	−199 000	−3 855 000	−2 872 000
Financial Income	0	5 000	737 000	1 622 000
Financial Costs	38 057 000	960 000	1 795 000	345 000
Financial Balance	−38 057 000	−955 000	−1 058 000	1 277 000
Dividends	0	0	0	0
Net Income	−45 714 000	−1 154 000	−4 913 000	−1 594 000

Balance details (NOK)	2021	2020	2019	2018
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	63 000	99 000	128 000	0
Total Tangible Assets	63 000	99 000	128 000	0
Total Fiancial Fixed Assets	14 000 000	33 712 000	35 440 000	33 149 000
Total Fixed Assets	14 063 000	33 811 000	35 567 000	33 149 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 423 000	227 000	1 282 000	632 000
Total Current Assets	6 549 000	14 360 000	9 995 000	2 657 000
Total Assets	20 612 000	48 170 000	45 562 000	35 807 000
Total Equity	−36 984 000	8 730 000	2 884 000	7 797 000
Short-Term Group Debt	0	1 524 000	1 679 000	0
Total Long-Term Debt	49 081 000	36 123 000	32 604 000	27 294 000
Creditors	3 586 000	573 000	292 000	294 000
Unpaid Taxes	213 000	403 000	451 000	263 000
Dividends	0	0	0	0
Other Current Debt	4 715 000	818 000	732 000	159 000
Total Current Debt	8 514 000	3 318 000	10 075 000	716 000
Total Equity and Debt	20 612 000	48 170 000	45 562 000	35 807 000

Financial indicators	2021	2020	2019	2018
Return on Equity	123,6 %	−13,22 %	−170,35 %	−20,44 %
Debt-to-Equity Ratio	−1,33	4,14	11,31	3,5
Operating Profit Margin	−85,52 %	−1,79 %	−89,22 %	-
Current Ratio	0,77	4,33	0,99	3,71
Quick Ratio	0,77	4,33	0,99	3,71
Equity Ratio	−1,79	0,18	0,06	0,22
Gross Profit Margin	100 %	99,68 %	100 %	-