NORSETEK AS

3157 BARKÅKER

Finances

Return on Equity

204,58 %

Current Ratio

N/A

Debt-to-Equity Ratio

−1,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	430 000	330 000	599 000	31 000
Net Income	−849 000	269 000	−923 000	−307 000
Total Assets	11 000	1 023 000	957 000	1 796 000
Total Equity	−415 000	434 000	165 000	1 088 000

Income (NOK)	2022	2021	2020	2019
Revenue	430 000	330 000	599 000	31 000
Expenditure	1 280 000	48 000	1 510 000	331 000
Operating Profit	−849 000	281 000	−911 000	−300 000
Financial Income	0	0	0	0
Financial Costs	0	12 000	13 000	7 000
Financial Balance	0	−12 000	−13 000	−7 000
Earnings Before Tax	−849 000	269 000	−923 000	−307 000
Tax	0	0	0	0
Net Income	−849 000	269 000	−923 000	−307 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	850 000	850 000	1 700 000
Total Current Assets	11 000	173 000	107 000	97 000
Total Assets	11 000	1 023 000	957 000	1 796 000
Total Retained Equity	−3 744 000	−2 894 000	−3 164 000	−2 240 000
Total Equity	−415 000	434 000	165 000	1 088 000
Total Long-Term Debt	426 000	546 000	684 000	684 000
Total Current Debt	0	43 000	108 000	24 000
Total Equity and Debt	11 000	1 023 000	957 000	1 796 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	430 000	330 000	599 000	31 000
Other Income	0	0	0	0
Revenue	430 000	330 000	599 000	31 000
Cost of Goods Sold	0	0	0	0
Salary Costs	379 000	11 000	574 000	158 000
Depreciation	0	0	0	0
Impairment	850 000	0	850 000	0
Expenditure	1 280 000	48 000	1 510 000	331 000
Operating Profit	−849 000	281 000	−911 000	−300 000
Financial Income	0	0	0	0
Financial Costs	0	12 000	13 000	7 000
Financial Balance	0	−12 000	−13 000	−7 000
Dividends	0	0	0	0
Net Income	−849 000	269 000	−923 000	−307 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	364 000	364 000	729 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	485 000	485 000	971 000
Total Tangible Assets	0	485 000	485 000	971 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	850 000	850 000	1 700 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	11 000	117 000	106 000	88 000
Total Current Assets	11 000	173 000	107 000	97 000
Total Assets	11 000	1 023 000	957 000	1 796 000
Total Equity	−415 000	434 000	165 000	1 088 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	426 000	546 000	684 000	684 000
Creditors	0	2 000	4 000	2 000
Unpaid Taxes	0	31 000	48 000	4 000
Dividends	0	0	0	0
Other Current Debt	0	10 000	56 000	18 000
Total Current Debt	0	43 000	108 000	24 000
Total Equity and Debt	11 000	1 023 000	957 000	1 796 000

Financial indicators	2022	2021	2020	2019
Return on Equity	204,58 %	61,98 %	−559,39 %	−28,22 %
Debt-to-Equity Ratio	−1,03	1,26	4,15	0,63
Operating Profit Margin	−197,44 %	85,15 %	−152,09 %	−967,74 %
Current Ratio	-	4,02	0,99	4,04
Quick Ratio	-	4,02	0,99	4,04
Equity Ratio	−37,73	0,42	0,17	0,61
Gross Profit Margin	100 %	100 %	100 %	100 %