NORWEGIAN ELECTRIC SYSTEMS AS

5179 GODVIK

Finances

Share Ownership

Return on Equity

−21,66 %

Current Ratio

0,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	268 198 000	226 403 000	392 801 000	406 201 000
Net Income	−7 930 000	15 616 000	13 494 000	−67 971 000
Total Assets	181 163 000	229 028 000	139 167 000	188 856 000
Total Equity	36 612 000	61 099 000	−6 124 000	−19 618 000

Income (NOK)	2022	2021	2020	2019
Revenue	268 198 000	226 403 000	392 801 000	406 201 000
Expenditure	285 150 000	224 413 000	370 062 000	468 591 000
Operating Profit	−16 952 000	1 990 000	22 740 000	−62 391 000
Financial Income	12 980 000	4 492 000	454 000	17 573 000
Financial Costs	6 331 000	5 948 000	9 699 000	18 846 000
Financial Balance	6 649 000	−1 456 000	−9 245 000	−1 273 000
Earnings Before Tax	−10 303 000	535 000	13 494 000	−63 664 000
Tax	−2 373 000	−15 081 000	0	4 307 000
Net Income	−7 930 000	15 616 000	13 494 000	−67 971 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	46 736 000	28 342 000	18 450 000	18 263 000
Total Current Assets	134 426 000	200 687 000	120 717 000	170 593 000
Total Assets	181 163 000	229 028 000	139 167 000	188 856 000
Total Retained Equity	0	−2 716 000	−18 332 000	−31 827 000
Total Equity	36 612 000	61 099 000	−6 124 000	−19 618 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	144 551 000	167 929 000	145 290 000	208 473 000
Total Equity and Debt	181 163 000	229 028 000	139 167 000	188 856 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	268 198 000	226 076 000	392 581 000	406 201 000
Other Income	0	326 000	221 000	0
Revenue	268 198 000	226 403 000	392 801 000	406 201 000
Cost of Goods Sold	190 038 000	127 925 000	271 390 000	348 723 000
Salary Costs	52 146 000	55 664 000	59 272 000	46 412 000
Depreciation	5 843 000	5 151 000	1 833 000	−564 000
Impairment	0	0	0	0
Expenditure	285 150 000	224 413 000	370 062 000	468 591 000
Operating Profit	−16 952 000	1 990 000	22 740 000	−62 391 000
Financial Income	12 980 000	4 492 000	454 000	17 573 000
Financial Costs	6 331 000	5 948 000	9 699 000	18 846 000
Financial Balance	6 649 000	−1 456 000	−9 245 000	−1 273 000
Dividends	0	0	0	0
Net Income	−7 930 000	15 616 000	13 494 000	−67 971 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	21 155 000	25 943 000	16 759 000	17 217 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	188 000	0	0	0
Fixtures	1 408 000	2 399 000	1 690 000	1 046 000
Total Tangible Assets	1 596 000	2 399 000	1 690 000	1 046 000
Total Fiancial Fixed Assets	23 985 000	0	0	0
Total Fixed Assets	46 736 000	28 342 000	18 450 000	18 263 000
Stock	11 461 000	7 290 000	7 622 000	7 417 000
Total Investments	0	0	0	0
Cash, Bank	54 985 000	119 391 000	6 162 000	26 587 000
Total Current Assets	134 426 000	200 687 000	120 717 000	170 593 000
Total Assets	181 163 000	229 028 000	139 167 000	188 856 000
Total Equity	36 612 000	61 099 000	−6 124 000	−19 618 000
Short-Term Group Debt	7 885 000	1 406 000	12 280 000	1 216 000
Total Long-Term Debt	0	0	0	0
Creditors	23 943 000	30 237 000	54 303 000	45 773 000
Unpaid Taxes	4 534 000	7 877 000	2 277 000	13 770 000
Dividends	0	0	0	0
Other Current Debt	108 189 000	124 832 000	73 396 000	147 715 000
Total Current Debt	144 551 000	167 929 000	145 290 000	208 473 000
Total Equity and Debt	181 163 000	229 028 000	139 167 000	188 856 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,66 %	25,56 %	−220,35 %	346,47 %
Debt-to-Equity Ratio	0	0	−0	−0
Operating Profit Margin	−6,32 %	0,88 %	5,79 %	−15,36 %
Current Ratio	0,93	1,2	0,83	0,82
Quick Ratio	1,01	1,25	0,88	0,85
Equity Ratio	0,2	0,27	−0,04	−0,1
Gross Profit Margin	29,14 %	43,5 %	30,91 %	14,15 %