NORNE SECURITIES AS

5011 BERGEN

Finances

Return on Equity

38,51 %

Current Ratio

1,78

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	155 096 000	111 450 000	73 152 000	73 106 000
Net Income	30 621 000	13 006 000	1 073 000	6 886 000
Total Assets	174 093 000	157 598 000	133 778 000	116 602 000
Total Equity	79 513 000	49 270 000	37 196 000	36 122 000

Income (NOK)	2022	2021	2020	2019
Revenue	155 096 000	111 450 000	73 152 000	73 106 000
Expenditure	125 598 000	98 948 000	74 894 000	69 030 000
Operating Profit	29 498 000	12 502 000	−1 743 000	4 076 000
Financial Income	2 940 000	2 386 000	5 053 000	5 247 000
Financial Costs	1 804 000	1 864 000	2 217 000	2 411 000
Financial Balance	1 136 000	522 000	2 836 000	2 836 000
Earnings Before Tax	30 635 000	13 024 000	1 094 000	6 912 000
Tax	14 000	18 000	21 000	26 000
Net Income	30 621 000	13 006 000	1 073 000	6 886 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 724 000	12 250 000	8 869 000	5 927 000
Total Current Assets	159 369 000	145 348 000	124 908 000	110 675 000
Total Assets	174 093 000	157 598 000	133 778 000	116 602 000
Total Retained Equity	46 079 000	15 485 000	2 544 000	0
Total Equity	79 513 000	49 270 000	37 196 000	36 122 000
Total Long-Term Debt	5 000 000	29 000 000	29 000 000	29 000 000
Total Current Debt	89 580 000	79 328 000	67 582 000	51 480 000
Total Equity and Debt	174 093 000	157 598 000	133 778 000	116 602 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	155 091 000	111 443 000	73 140 000	73 105 000
Other Income	5 000	7 000	11 000	1 000
Revenue	155 096 000	111 450 000	73 152 000	73 106 000
Cost of Goods Sold	10 423 000	12 173 000	12 700 000	8 273 000
Salary Costs	77 743 000	55 860 000	37 052 000	39 690 000
Depreciation	3 706 000	2 406 000	1 448 000	821 000
Impairment	0	0	0	0
Expenditure	125 598 000	98 948 000	74 894 000	69 030 000
Operating Profit	29 498 000	12 502 000	−1 743 000	4 076 000
Financial Income	2 940 000	2 386 000	5 053 000	5 247 000
Financial Costs	1 804 000	1 864 000	2 217 000	2 411 000
Financial Balance	1 136 000	522 000	2 836 000	2 836 000
Dividends	0	0	0	0
Net Income	30 621 000	13 006 000	1 073 000	6 886 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 782 000	7 326 000	5 486 000	2 260 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 183 000	1 793 000	1 886 000	2 272 000
Total Tangible Assets	2 183 000	1 793 000	1 886 000	2 272 000
Total Fiancial Fixed Assets	2 759 000	3 131 000	1 497 000	1 395 000
Total Fixed Assets	14 724 000	12 250 000	8 869 000	5 927 000
Stock	0	0	0	0
Total Investments	2 993 000	3 165 000	4 327 000	3 427 000
Cash, Bank	94 776 000	78 413 000	62 139 000	65 461 000
Total Current Assets	159 369 000	145 348 000	124 908 000	110 675 000
Total Assets	174 093 000	157 598 000	133 778 000	116 602 000
Total Equity	79 513 000	49 270 000	37 196 000	36 122 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 000 000	29 000 000	29 000 000	29 000 000
Creditors	3 013 000	2 848 000	2 603 000	2 707 000
Unpaid Taxes	9 676 000	6 190 000	4 459 000	4 199 000
Dividends	0	0	0	0
Other Current Debt	61 167 000	59 263 000	43 697 000	27 433 000
Total Current Debt	89 580 000	79 328 000	67 582 000	51 480 000
Total Equity and Debt	174 093 000	157 598 000	133 778 000	116 602 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,51 %	26,4 %	2,88 %	19,06 %
Debt-to-Equity Ratio	0,06	0,59	0,78	0,8
Operating Profit Margin	19,02 %	11,22 %	−2,38 %	5,58 %
Current Ratio	1,78	1,83	1,85	2,15
Quick Ratio	1,78	1,83	1,85	2,15
Equity Ratio	0,46	0,31	0,28	0,31
Gross Profit Margin	93,28 %	89,08 %	82,64 %	88,68 %