NORWEGIAN WORKWEAR COMPANY AS

4043 HAFRSFJORD

Finances

Share Ownership

Return on Equity

−22,79 %

Current Ratio

3,18

Debt-to-Equity Ratio

3,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 387 000	12 064 000	12 130 000	8 092 000
Net Income	−661 000	387 000	90 000	−1 143 000
Total Assets	20 260 000	16 950 000	16 793 000	15 432 000
Total Equity	2 901 000	3 562 000	2 958 000	2 528 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 387 000	12 064 000	12 130 000	8 092 000
Expenditure	12 174 000	11 676 000	11 973 000	9 292 000
Operating Profit	−786 000	387 000	157 000	−1 200 000
Financial Income	157 000	29 000	27 000	3 000
Financial Costs	32 000	29 000	94 000	17 000
Financial Balance	125 000	0	−67 000	−14 000
Earnings Before Tax	−661 000	387 000	90 000	−1 214 000
Tax	0	0	0	−71 000
Net Income	−661 000	387 000	90 000	−1 143 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	78 000	139 000	200 000	168 000
Total Current Assets	20 182 000	16 811 000	16 593 000	15 264 000
Total Assets	20 260 000	16 950 000	16 793 000	15 432 000
Total Retained Equity	−4 648 000	−3 987 000	−4 374 000	−4 392 000
Total Equity	2 901 000	3 562 000	2 958 000	2 528 000
Total Long-Term Debt	11 018 000	11 233 000	11 573 000	11 897 000
Total Current Debt	6 341 000	2 155 000	2 262 000	1 007 000
Total Equity and Debt	20 260 000	16 950 000	16 793 000	15 432 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 387 000	12 064 000	12 071 000	8 092 000
Other Income	0	0	59 000	0
Revenue	11 387 000	12 064 000	12 130 000	8 092 000
Cost of Goods Sold	8 363 000	8 487 000	8 897 000	5 572 000
Salary Costs	2 278 000	1 967 000	1 849 000	2 683 000
Depreciation	61 000	61 000	62 000	35 000
Impairment	0	0	0	0
Expenditure	12 174 000	11 676 000	11 973 000	9 292 000
Operating Profit	−786 000	387 000	157 000	−1 200 000
Financial Income	157 000	29 000	27 000	3 000
Financial Costs	32 000	29 000	94 000	17 000
Financial Balance	125 000	0	−67 000	−14 000
Dividends	0	0	0	0
Net Income	−661 000	387 000	90 000	−1 143 000

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	78 000	139 000	200 000	168 000
Total Tangible Assets	78 000	139 000	200 000	168 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	78 000	139 000	200 000	168 000
Stock	17 671 000	12 795 000	13 778 000	13 434 000
Total Investments	0	0	0	0
Cash, Bank	1 677 000	2 152 000	1 344 000	984 000
Total Current Assets	20 182 000	16 811 000	16 593 000	15 264 000
Total Assets	20 260 000	16 950 000	16 793 000	15 432 000
Total Equity	2 901 000	3 562 000	2 958 000	2 528 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 018 000	11 233 000	11 573 000	11 897 000
Creditors	132 000	202 000	361 000	277 000
Unpaid Taxes	291 000	875 000	1 169 000	376 000
Dividends	0	0	0	0
Other Current Debt	5 919 000	1 077 000	733 000	354 000
Total Current Debt	6 341 000	2 155 000	2 262 000	1 007 000
Total Equity and Debt	20 260 000	16 950 000	16 793 000	15 432 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−22,79 %	10,86 %	3,04 %	−45,21 %
Debt-to-Equity Ratio	3,8	3,15	3,91	4,71
Operating Profit Margin	−6,9 %	3,21 %	1,29 %	−14,83 %
Current Ratio	3,18	7,8	7,34	15,16
Quick Ratio	−1,78	−1,58	−1,44	−1,23
Equity Ratio	0,14	0,21	0,18	0,16
Gross Profit Margin	26,56 %	29,65 %	26,65 %	31,14 %