NORMAK AS

0250 OSLO

Finances

Return on Equity

11,46 %

Current Ratio

20,24

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2021	2020	2019	2018
Revenue	570 000	229 000	837 000	0
Net Income	1 458 000	591 000	680 000	17 000
Total Assets	16 997 000	8 104 000	4 154 000	4 199 000
Total Equity	12 722 000	3 721 000	3 350 000	2 670 000

Income (NOK)	2021	2020	2019	2018
Revenue	570 000	229 000	837 000	0
Expenditure	689 000	137 000	88 000	4 000
Operating Profit	−120 000	92 000	749 000	−4 000
Financial Income	1 680 000	522 000	0	0
Financial Costs	164 000	1 000	31 000	0
Financial Balance	1 516 000	521 000	−31 000	0
Earnings Before Tax	1 396 000	613 000	717 000	−4 000
Tax	−62 000	23 000	37 000	−20 000
Net Income	1 458 000	591 000	680 000	17 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	14 204 000	6 782 000	3 931 000	3 931 000
Total Current Assets	2 793 000	1 322 000	224 000	269 000
Total Assets	16 997 000	8 104 000	4 154 000	4 199 000
Total Retained Equity	5 079 000	3 621 000	3 250 000	2 570 000
Total Equity	12 722 000	3 721 000	3 350 000	2 670 000
Total Long-Term Debt	4 137 000	4 294 000	362 000	430 000
Total Current Debt	138 000	89 000	442 000	1 099 000
Total Equity and Debt	16 997 000	8 104 000	4 154 000	4 199 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	298 000	49 000	0	0
Other Income	271 000	180 000	837 000	0
Revenue	570 000	229 000	837 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	61 000	0	0	0
Depreciation	136 000	68 000	0	0
Impairment	0	0	0	0
Expenditure	689 000	137 000	88 000	4 000
Operating Profit	−120 000	92 000	749 000	−4 000
Financial Income	1 680 000	522 000	0	0
Financial Costs	164 000	1 000	31 000	0
Financial Balance	1 516 000	521 000	−31 000	0
Dividends	0	220 000	0	0
Net Income	1 458 000	591 000	680 000	17 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	6 596 000	6 732 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	6 596 000	6 732 000	0	0
Total Fiancial Fixed Assets	7 608 000	50 000	3 931 000	3 931 000
Total Fixed Assets	14 204 000	6 782 000	3 931 000	3 931 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 076 000	1 248 000	1 000	8 000
Total Current Assets	2 793 000	1 322 000	224 000	269 000
Total Assets	16 997 000	8 104 000	4 154 000	4 199 000
Total Equity	12 722 000	3 721 000	3 350 000	2 670 000
Short-Term Group Debt	0	0	292 000	225 000
Total Long-Term Debt	4 137 000	4 294 000	362 000	430 000
Creditors	22 000	9 000	0	42 000
Unpaid Taxes	82 000	0	0	0
Dividends	0	220 000	0	0
Other Current Debt	34 000	0	0	565 000
Total Current Debt	138 000	89 000	442 000	1 099 000
Total Equity and Debt	16 997 000	8 104 000	4 154 000	4 199 000

Financial indicators	2021	2020	2019	2018
Return on Equity	11,46 %	15,88 %	20,3 %	0,64 %
Debt-to-Equity Ratio	0,33	1,15	0,11	0,16
Operating Profit Margin	−21,05 %	40,17 %	89,49 %	-
Current Ratio	20,24	14,85	0,51	0,24
Quick Ratio	20,24	14,85	0,51	0,24
Equity Ratio	0,75	0,46	0,81	0,64
Gross Profit Margin	100 %	100 %	100 %	-