NORSEA GROUP AS

4056 TANANGER

Finances

Return on Equity

17,27 %

Current Ratio

1,08

Debt-to-Equity Ratio

1,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 872 000	2 354 583 000	2 312 708 000	2 127 754 000
Net Income	264 217 000	174 396 000	127 122 000	92 918 000
Total Assets	6 640 439 000	5 263 834 000	5 206 558 000	5 252 094 000
Total Equity	1 529 897 000	2 204 161 000	2 059 252 000	1 974 233 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 872 000	2 354 583 000	2 312 708 000	2 127 754 000
Expenditure	83 716 000	2 168 029 000	2 147 466 000	1 984 534 000
Operating Profit	−76 844 000	186 554 000	165 242 000	143 220 000
Financial Income	563 870 000	160 395 000	192 717 000	173 183 000
Financial Costs	177 427 000	133 165 000	198 596 000	186 358 000
Financial Balance	386 443 000	27 230 000	−5 879 000	−13 175 000
Earnings Before Tax	309 599 000	213 784 000	159 363 000	130 045 000
Tax	45 382 000	39 388 000	32 241 000	37 127 000
Net Income	264 217 000	174 396 000	127 122 000	92 918 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 149 438 000	4 647 678 000	4 632 173 000	4 633 926 000
Total Current Assets	2 491 001 000	616 156 000	574 385 000	618 168 000
Total Assets	6 640 439 000	5 263 834 000	5 206 558 000	5 252 094 000
Total Retained Equity	229 983 000	866 743 000	725 541 000	644 751 000
Total Equity	1 529 897 000	2 204 161 000	2 059 252 000	1 974 233 000
Total Long-Term Debt	2 793 635 000	2 212 176 000	2 435 086 000	2 562 316 000
Total Current Debt	2 316 907 000	847 497 000	712 220 000	715 545 000
Total Equity and Debt	6 640 439 000	5 263 834 000	5 206 558 000	5 252 094 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 872 000	2 354 404 000	2 311 429 000	2 107 518 000
Other Income	0	179 000	1 279 000	20 236 000
Revenue	6 872 000	2 354 583 000	2 312 708 000	2 127 754 000
Cost of Goods Sold	3 656 000	563 963 000	622 818 000	508 967 000
Salary Costs	42 181 000	852 321 000	813 726 000	768 948 000
Depreciation	6 141 000	179 125 000	176 768 000	179 281 000
Impairment	0	0	27 074 000	18 230 000
Expenditure	83 716 000	2 168 029 000	2 147 466 000	1 984 534 000
Operating Profit	−76 844 000	186 554 000	165 242 000	143 220 000
Financial Income	563 870 000	160 395 000	192 717 000	173 183 000
Financial Costs	177 427 000	133 165 000	198 596 000	186 358 000
Financial Balance	386 443 000	27 230 000	−5 879 000	−13 175 000
Dividends	50 000 000	0	0	0
Net Income	264 217 000	174 396 000	127 122 000	92 918 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	17 759 000	8 481 000	2 987 000
Total Intangible Assets	17 276 000	51 024 000	62 472 000	51 992 000
Real Eastate	0	3 099 225 000	3 103 231 000	3 082 572 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	20 177 000	142 180 000	149 924 000	139 482 000
Total Tangible Assets	20 177 000	3 350 729 000	3 365 997 000	3 362 362 000
Total Fiancial Fixed Assets	4 111 985 000	1 245 925 000	1 203 704 000	1 219 572 000
Total Fixed Assets	4 149 438 000	4 647 678 000	4 632 173 000	4 633 926 000
Stock	0	2 090 000	3 749 000	5 917 000
Total Investments	0	0	0	0
Cash, Bank	93 000	31 397 000	43 990 000	38 892 000
Total Current Assets	2 491 001 000	616 156 000	574 385 000	618 168 000
Total Assets	6 640 439 000	5 263 834 000	5 206 558 000	5 252 094 000
Total Equity	1 529 897 000	2 204 161 000	2 059 252 000	1 974 233 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 793 635 000	2 212 176 000	2 435 086 000	2 562 316 000
Creditors	91 556 000	207 276 000	211 758 000	206 635 000
Unpaid Taxes	0	49 731 000	54 499 000	42 226 000
Dividends	50 000 000	0	0	0
Other Current Debt	1 810 278 000	377 309 000	316 251 000	280 206 000
Total Current Debt	2 316 907 000	847 497 000	712 220 000	715 545 000
Total Equity and Debt	6 640 439 000	5 263 834 000	5 206 558 000	5 252 094 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,27 %	7,91 %	6,17 %	4,71 %
Debt-to-Equity Ratio	1,83	1	1,18	1,3
Operating Profit Margin	−1 118,22 %	7,92 %	7,14 %	6,73 %
Current Ratio	1,08	0,73	0,81	0,86
Quick Ratio	1,08	0,73	0,81	0,87
Equity Ratio	0,23	0,42	0,4	0,38
Gross Profit Margin	46,8 %	76,05 %	73,07 %	76,08 %