NORSE WATER AS

4313 SANDNES

Finances

Return on Equity

25,32 %

Current Ratio

0,09

Debt-to-Equity Ratio

−0,92

Key figures (NOK)	2021	2020	2019	2018
Revenue	4 185 000	21 251 000	5 379 000	18 406 000
Net Income	−2 400 000	−3 557 000	−4 840 000	230 000
Total Assets	8 911 000	13 066 000	9 383 000	11 053 000
Total Equity	−9 479 000	−7 079 000	−3 523 000	1 318 000

Income (NOK)	2021	2020	2019	2018
Revenue	4 185 000	21 251 000	5 379 000	18 406 000
Expenditure	6 820 000	21 394 000	9 994 000	18 224 000
Operating Profit	−2 635 000	−142 000	−4 616 000	181 000
Financial Income	407 000	39 000	329 000	316 000
Financial Costs	172 000	3 453 000	553 000	268 000
Financial Balance	235 000	−3 414 000	−224 000	48 000
Earnings Before Tax	−2 400 000	−3 557 000	−4 840 000	230 000
Tax	0	0	0	0
Net Income	−2 400 000	−3 557 000	−4 840 000	230 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	8 028 000	7 275 000	6 570 000	8 119 000
Total Current Assets	883 000	5 791 000	2 814 000	2 934 000
Total Assets	8 911 000	13 066 000	9 383 000	11 053 000
Total Retained Equity	−10 479 000	−8 079 000	−4 523 000	318 000
Total Equity	−9 479 000	−7 079 000	−3 523 000	1 318 000
Total Long-Term Debt	8 749 000	4 612 000	7 200 000	2 020 000
Total Current Debt	9 641 000	15 533 000	5 706 000	7 715 000
Total Equity and Debt	8 911 000	13 066 000	9 383 000	11 053 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	4 155 000	21 251 000	5 379 000	18 406 000
Other Income	30 000	0	0	0
Revenue	4 185 000	21 251 000	5 379 000	18 406 000
Cost of Goods Sold	3 264 000	15 403 000	4 575 000	11 085 000
Salary Costs	1 761 000	1 992 000	2 681 000	3 733 000
Depreciation	73 000	56 000	13 000	134 000
Impairment	0	0	0	0
Expenditure	6 820 000	21 394 000	9 994 000	18 224 000
Operating Profit	−2 635 000	−142 000	−4 616 000	181 000
Financial Income	407 000	39 000	329 000	316 000
Financial Costs	172 000	3 453 000	553 000	268 000
Financial Balance	235 000	−3 414 000	−224 000	48 000
Dividends	0	0	0	0
Net Income	−2 400 000	−3 557 000	−4 840 000	230 000

Balance details (NOK)	2021	2020	2019	2018
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	90 000	163 000	1 000	14 000
Total Tangible Assets	90 000	163 000	1 000	14 000
Total Fiancial Fixed Assets	7 938 000	7 112 000	6 569 000	8 105 000
Total Fixed Assets	8 028 000	7 275 000	6 570 000	8 119 000
Stock	586 000	4 608 000	1 502 000	1 967 000
Total Investments	0	0	0	0
Cash, Bank	106 000	131 000	899 000	201 000
Total Current Assets	883 000	5 791 000	2 814 000	2 934 000
Total Assets	8 911 000	13 066 000	9 383 000	11 053 000
Total Equity	−9 479 000	−7 079 000	−3 523 000	1 318 000
Short-Term Group Debt	6 193 000	4 205 000	199 000	439 000
Total Long-Term Debt	8 749 000	4 612 000	7 200 000	2 020 000
Creditors	1 442 000	6 534 000	2 016 000	2 016 000
Unpaid Taxes	1 398 000	1 785 000	136 000	1 379 000
Dividends	0	0	0	0
Other Current Debt	516 000	1 223 000	1 238 000	1 877 000
Total Current Debt	9 641 000	15 533 000	5 706 000	7 715 000
Total Equity and Debt	8 911 000	13 066 000	9 383 000	11 053 000

Financial indicators	2021	2020	2019	2018
Return on Equity	25,32 %	50,25 %	137,38 %	17,45 %
Debt-to-Equity Ratio	−0,92	−0,65	−2,04	1,53
Operating Profit Margin	−62,96 %	−0,67 %	−85,82 %	0,98 %
Current Ratio	0,09	0,37	0,49	0,38
Quick Ratio	0,1	0,53	0,67	0,51
Equity Ratio	−1,06	−0,54	−0,38	0,12
Gross Profit Margin	22,01 %	27,52 %	14,95 %	39,78 %