NOREL AS

0976 OSLO

Finances

Share Ownership

Return on Equity

75,65 %

Current Ratio

1,24

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 851 000	5 381 000	5 288 000	5 245 000
Net Income	522 000	942 000	590 000	42 000
Total Assets	3 045 000	2 864 000	3 886 000	3 376 000
Total Equity	690 000	1 168 000	825 000	235 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 851 000	5 381 000	5 288 000	5 245 000
Expenditure	5 171 000	4 151 000	4 587 000	5 194 000
Operating Profit	680 000	1 229 000	702 000	52 000
Financial Income	4 000	2 000	9 000	8 000
Financial Costs	5 000	11 000	15 000	18 000
Financial Balance	−1 000	−9 000	−6 000	−10 000
Earnings Before Tax	679 000	1 220 000	695 000	42 000
Tax	157 000	278 000	104 000	0
Net Income	522 000	942 000	590 000	42 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	141 000	252 000	411 000	425 000
Total Current Assets	2 903 000	2 612 000	3 475 000	2 951 000
Total Assets	3 045 000	2 864 000	3 886 000	3 376 000
Total Retained Equity	589 000	1 067 000	725 000	134 000
Total Equity	690 000	1 168 000	825 000	235 000
Total Long-Term Debt	12 000	107 000	1 958 000	200 000
Total Current Debt	2 343 000	1 590 000	1 103 000	2 942 000
Total Equity and Debt	3 045 000	2 864 000	3 886 000	3 376 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 841 000	5 353 000	5 223 000	5 030 000
Other Income	10 000	28 000	65 000	214 000
Revenue	5 851 000	5 381 000	5 288 000	5 245 000
Cost of Goods Sold	2 167 000	1 926 000	1 769 000	2 269 000
Salary Costs	1 729 000	948 000	1 376 000	1 554 000
Depreciation	111 000	184 000	207 000	152 000
Impairment	0	0	0	0
Expenditure	5 171 000	4 151 000	4 587 000	5 194 000
Operating Profit	680 000	1 229 000	702 000	52 000
Financial Income	4 000	2 000	9 000	8 000
Financial Costs	5 000	11 000	15 000	18 000
Financial Balance	−1 000	−9 000	−6 000	−10 000
Dividends	1 000 000	0	0	0
Net Income	522 000	942 000	590 000	42 000

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	125 000	236 000	394 000	409 000
Total Tangible Assets	125 000	236 000	394 000	409 000
Total Fiancial Fixed Assets	17 000	17 000	17 000	17 000
Total Fixed Assets	141 000	252 000	411 000	425 000
Stock	99 000	114 000	151 000	158 000
Total Investments	0	0	0	0
Cash, Bank	1 318 000	1 500 000	2 105 000	986 000
Total Current Assets	2 903 000	2 612 000	3 475 000	2 951 000
Total Assets	3 045 000	2 864 000	3 886 000	3 376 000
Total Equity	690 000	1 168 000	825 000	235 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 000	107 000	1 958 000	200 000
Creditors	553 000	452 000	585 000	747 000
Unpaid Taxes	331 000	398 000	294 000	408 000
Dividends	1 000 000	0	0	0
Other Current Debt	302 000	463 000	120 000	1 787 000
Total Current Debt	2 343 000	1 590 000	1 103 000	2 942 000
Total Equity and Debt	3 045 000	2 864 000	3 886 000	3 376 000

Financial indicators	2022	2021	2020	2019
Return on Equity	75,65 %	80,65 %	71,52 %	17,87 %
Debt-to-Equity Ratio	0,02	0,09	2,37	0,85
Operating Profit Margin	11,62 %	22,84 %	13,28 %	0,99 %
Current Ratio	1,24	1,64	3,15	1
Quick Ratio	1,29	1,77	3,65	1,06
Equity Ratio	0,23	0,41	0,21	0,07
Gross Profit Margin	62,96 %	64,21 %	66,55 %	56,74 %