NORSIDE AS

5106 ØVRE ERVIK

Finances

Share Ownership

Return on Equity

−6,92 %

Current Ratio

0,87

Debt-to-Equity Ratio

4,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	519 000	1 652 000
Net Income	−4 648 000	−187 000	291 000	108 000
Total Assets	418 069 000	15 536 000	499 000	683 000
Total Equity	67 164 000	−67 000	120 000	120 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	519 000	1 652 000
Expenditure	324 000	215 000	138 000	1 519 000
Operating Profit	−324 000	−215 000	380 000	134 000
Financial Income	6 269 000	0	1 000	4 000
Financial Costs	11 904 000	26 000	8 000	0
Financial Balance	−5 635 000	−26 000	−7 000	4 000
Earnings Before Tax	−5 959 000	−240 000	373 000	138 000
Tax	−1 311 000	−53 000	82 000	30 000
Net Income	−4 648 000	−187 000	291 000	108 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	381 172 000	53 000	0	676 000
Total Current Assets	36 897 000	15 483 000	499 000	7 000
Total Assets	418 069 000	15 536 000	499 000	683 000
Total Retained Equity	0	−187 000	0	0
Total Equity	67 164 000	−67 000	120 000	120 000
Total Long-Term Debt	308 588 000	0	0	0
Total Current Debt	42 316 000	15 604 000	379 000	563 000
Total Equity and Debt	418 069 000	15 536 000	499 000	683 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	138 000	1 652 000
Other Income	0	0	381 000	0
Revenue	0	0	519 000	1 652 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	324 000	215 000	138 000	1 519 000
Operating Profit	−324 000	−215 000	380 000	134 000
Financial Income	6 269 000	0	1 000	4 000
Financial Costs	11 904 000	26 000	8 000	0
Financial Balance	−5 635 000	−26 000	−7 000	4 000
Dividends	0	0	0	0
Net Income	−4 648 000	−187 000	291 000	108 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 364 000	53 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	379 808 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	676 000
Total Fixed Assets	381 172 000	53 000	0	676 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	36 269 000	0	498 000	0
Total Current Assets	36 897 000	15 483 000	499 000	7 000
Total Assets	418 069 000	15 536 000	499 000	683 000
Total Equity	67 164 000	−67 000	120 000	120 000
Short-Term Group Debt	0	15 378 000	374 000	536 000
Total Long-Term Debt	308 588 000	0	0	0
Creditors	21 019 000	226 000	6 000	27 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	21 297 000	0	0	0
Total Current Debt	42 316 000	15 604 000	379 000	563 000
Total Equity and Debt	418 069 000	15 536 000	499 000	683 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,92 %	279,1 %	242,5 %	90 %
Debt-to-Equity Ratio	4,59	−0	0	0
Operating Profit Margin	-	-	73,22 %	8,11 %
Current Ratio	0,87	0,99	1,32	0,01
Quick Ratio	0,87	0,99	1,32	0,01
Equity Ratio	0,16	−0	0,24	0,18
Gross Profit Margin	-	-	100 %	100 %