NORCODE THE NORWEGIAN COPYRIGHT DEVELOPMENT ASSOCIATION

0179 OSLO

Finances

Share Ownership

Return on Equity

N/A

Current Ratio

1,09

Debt-to-Equity Ratio

N/A

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 350 000	3 540 000	3 640 000	5 819 000
Net Income	0	0	3 659 000	5 828 000
Total Assets	2 536 000	3 969 000	4 597 000	3 896 000
Total Equity	0	200 000	200 000	200 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 350 000	3 540 000	3 640 000	5 819 000
Expenditure	2 371 000	3 549 000	−19 000	5 818 000
Operating Profit	−21 000	−9 000	3 659 000	5 828 000
Financial Income	21 000	9 000	0	0
Financial Costs	0	0	0	0
Financial Balance	21 000	9 000	0	0
Earnings Before Tax	0	0	3 659 000	5 828 000
Tax	0	0	0	0
Net Income	0	0	3 659 000	5 828 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	2 536 000	3 969 000	4 597 000	3 896 000
Total Assets	2 536 000	3 969 000	4 597 000	3 896 000
Total Retained Equity	0	200 000	200 000	200 000
Total Equity	0	200 000	200 000	200 000
Total Long-Term Debt	200 000	0	0	0
Total Current Debt	2 336 000	3 769 000	4 397 000	3 696 000
Total Equity and Debt	2 536 000	3 969 000	4 597 000	3 896 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 950 000	2 450 000	2 450 000	2 325 000
Other Income	400 000	1 090 000	1 190 000	3 494 000
Revenue	2 350 000	3 540 000	3 640 000	5 819 000
Cost of Goods Sold	−1 401 000	0	0	−362 000
Salary Costs	1 283 000	993 000	1 285 000	1 262 000
Depreciation	0	0	0	0
Impairment	0	0	326 000	0
Expenditure	2 371 000	3 549 000	−19 000	5 818 000
Operating Profit	−21 000	−9 000	3 659 000	5 828 000
Financial Income	21 000	9 000	0	0
Financial Costs	0	0	0	0
Financial Balance	21 000	9 000	0	0
Dividends	0	0	0	0
Net Income	0	0	3 659 000	5 828 000

Balance details (NOK)	2022	2021	2020	2019
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 529 000	3 968 000	4 596 000	3 872 000
Total Current Assets	2 536 000	3 969 000	4 597 000	3 896 000
Total Assets	2 536 000	3 969 000	4 597 000	3 896 000
Total Equity	0	200 000	200 000	200 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	200 000	0	0	0
Creditors	6 000	31 000	18 000	0
Unpaid Taxes	93 000	92 000	88 000	110 000
Dividends	0	0	0	0
Other Current Debt	2 236 000	3 646 000	4 291 000	3 586 000
Total Current Debt	2 336 000	3 769 000	4 397 000	3 696 000
Total Equity and Debt	2 536 000	3 969 000	4 597 000	3 896 000

Financial indicators	2022	2021	2020	2019
Return on Equity	-	0 %	1 829,5 %	2 914 %
Debt-to-Equity Ratio	-	0	0	0
Operating Profit Margin	−0,89 %	−0,25 %	100,52 %	100,15 %
Current Ratio	1,09	1,05	1,05	1,05
Quick Ratio	1,09	1,05	1,05	1,05
Equity Ratio	0	0,05	0,04	0,05
Gross Profit Margin	159,62 %	100 %	100 %	106,22 %