NORDBALTIC AS

6014 ÅLESUND

Finances

Share Ownership

Return on Equity

50,78 %

Current Ratio

1,51

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 737 000	21 403 000	24 003 000	17 899 000
Net Income	1 558 000	1 232 000	1 148 000	506 000
Total Assets	8 249 000	6 753 000	6 476 000	3 652 000
Total Equity	3 068 000	1 510 000	278 000	380 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 737 000	21 403 000	24 003 000	17 899 000
Expenditure	21 680 000	19 799 000	22 494 000	17 228 000
Operating Profit	2 057 000	1 605 000	1 508 000	671 000
Financial Income	6 000	6 000	1 000	1 000
Financial Costs	66 000	31 000	38 000	23 000
Financial Balance	−60 000	−25 000	−37 000	−22 000
Earnings Before Tax	1 997 000	1 580 000	1 471 000	649 000
Tax	439 000	348 000	324 000	143 000
Net Income	1 558 000	1 232 000	1 148 000	506 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 239 000	983 000	899 000	551 000
Total Current Assets	7 010 000	5 770 000	5 577 000	3 102 000
Total Assets	8 249 000	6 753 000	6 476 000	3 652 000
Total Retained Equity	2 968 000	1 410 000	178 000	280 000
Total Equity	3 068 000	1 510 000	278 000	380 000
Total Long-Term Debt	540 000	242 000	386 000	216 000
Total Current Debt	4 641 000	5 001 000	5 812 000	3 056 000
Total Equity and Debt	8 249 000	6 753 000	6 476 000	3 652 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 761 000	21 403 000	24 003 000	17 899 000
Other Income	−23 000	0	0	0
Revenue	23 737 000	21 403 000	24 003 000	17 899 000
Cost of Goods Sold	6 794 000	6 490 000	8 682 000	5 261 000
Salary Costs	12 255 000	10 889 000	11 285 000	9 881 000
Depreciation	343 000	255 000	202 000	127 000
Impairment	0	0	0	0
Expenditure	21 680 000	19 799 000	22 494 000	17 228 000
Operating Profit	2 057 000	1 605 000	1 508 000	671 000
Financial Income	6 000	6 000	1 000	1 000
Financial Costs	66 000	31 000	38 000	23 000
Financial Balance	−60 000	−25 000	−37 000	−22 000
Dividends	0	0	1 250 000	0
Net Income	1 558 000	1 232 000	1 148 000	506 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	13 000	24 000	56 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 181 000	912 000	803 000	408 000
Total Tangible Assets	1 181 000	912 000	803 000	408 000
Total Fiancial Fixed Assets	58 000	58 000	72 000	86 000
Total Fixed Assets	1 239 000	983 000	899 000	551 000
Stock	0	0	422 000	118 000
Total Investments	0	0	0	0
Cash, Bank	5 213 000	4 107 000	2 753 000	1 756 000
Total Current Assets	7 010 000	5 770 000	5 577 000	3 102 000
Total Assets	8 249 000	6 753 000	6 476 000	3 652 000
Total Equity	3 068 000	1 510 000	278 000	380 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	540 000	242 000	386 000	216 000
Creditors	442 000	648 000	769 000	529 000
Unpaid Taxes	1 581 000	1 621 000	1 422 000	1 202 000
Dividends	0	0	1 250 000	0
Other Current Debt	2 177 000	2 387 000	2 342 000	1 324 000
Total Current Debt	4 641 000	5 001 000	5 812 000	3 056 000
Total Equity and Debt	8 249 000	6 753 000	6 476 000	3 652 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,78 %	81,59 %	412,95 %	133,16 %
Debt-to-Equity Ratio	0,18	0,16	1,39	0,57
Operating Profit Margin	8,67 %	7,5 %	6,28 %	3,75 %
Current Ratio	1,51	1,15	0,96	1,02
Quick Ratio	1,51	1,15	1,03	1,06
Equity Ratio	0,37	0,22	0,04	0,1
Gross Profit Margin	71,38 %	69,68 %	63,83 %	70,61 %