NORWEGIAN FISHFARMING TECHNOLOGIES AS

7010 TRONDHEIM

Finances

Return on Equity

126,89 %

Current Ratio

1,08

Debt-to-Equity Ratio

3,48

Key figures (NOK)	2022	2021	2020	2019
Revenue	714 460 000	409 342 000	145 053 000	14 077 000
Net Income	21 851 000	17 033 000	21 897 000	−6 807 000
Total Assets	223 535 000	566 882 000	138 437 000	7 456 000
Total Equity	17 221 000	4 386 000	25 665 000	3 768 000

Income (NOK)	2022	2021	2020	2019
Revenue	714 460 000	409 342 000	145 053 000	14 077 000
Expenditure	686 831 000	389 843 000	117 144 000	22 808 000
Operating Profit	27 628 000	19 500 000	27 908 000	−8 731 000
Financial Income	8 805 000	4 547 000	382 000	41 000
Financial Costs	8 419 000	1 776 000	347 000	89 000
Financial Balance	386 000	2 771 000	35 000	−48 000
Earnings Before Tax	28 015 000	22 271 000	27 943 000	−8 779 000
Tax	6 164 000	5 239 000	6 046 000	−1 972 000
Net Income	21 851 000	17 033 000	21 897 000	−6 807 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	65 666 000	59 049 000	21 614 000	2 807 000
Total Current Assets	157 870 000	507 834 000	116 822 000	4 649 000
Total Assets	223 535 000	566 882 000	138 437 000	7 456 000
Total Retained Equity	17 121 000	4 287 000	25 565 000	3 668 000
Total Equity	17 221 000	4 386 000	25 665 000	3 768 000
Total Long-Term Debt	59 928 000	10 457 000	5 218 000	0
Total Current Debt	146 387 000	552 039 000	107 553 000	3 688 000
Total Equity and Debt	223 535 000	566 882 000	138 437 000	7 456 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	714 460 000	409 342 000	145 027 000	14 077 000
Other Income	0	0	26 000	0
Revenue	714 460 000	409 342 000	145 053 000	14 077 000
Cost of Goods Sold	597 301 000	337 865 000	95 637 000	5 745 000
Salary Costs	67 490 000	41 844 000	14 297 000	9 990 000
Depreciation	4 032 000	702 000	509 000	416 000
Impairment	0	0	0	0
Expenditure	686 831 000	389 843 000	117 144 000	22 808 000
Operating Profit	27 628 000	19 500 000	27 908 000	−8 731 000
Financial Income	8 805 000	4 547 000	382 000	41 000
Financial Costs	8 419 000	1 776 000	347 000	89 000
Financial Balance	386 000	2 771 000	35 000	−48 000
Dividends	0	0	0	0
Net Income	21 851 000	17 033 000	21 897 000	−6 807 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 382 000	12 939 000	171 000	1 132 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	107 000	107 000	152 000	190 000
Fixtures	9 710 000	5 646 000	2 011 000	703 000
Total Tangible Assets	9 817 000	5 753 000	2 162 000	893 000
Total Fiancial Fixed Assets	43 467 000	40 356 000	19 282 000	782 000
Total Fixed Assets	65 666 000	59 049 000	21 614 000	2 807 000
Stock	8 150 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	35 320 000	209 691 000	106 189 000	2 292 000
Total Current Assets	157 870 000	507 834 000	116 822 000	4 649 000
Total Assets	223 535 000	566 882 000	138 437 000	7 456 000
Total Equity	17 221 000	4 386 000	25 665 000	3 768 000
Short-Term Group Debt	11 560 000	300 000 000	0	827 000
Total Long-Term Debt	59 928 000	10 457 000	5 218 000	0
Creditors	43 734 000	31 637 000	12 554 000	980 000
Unpaid Taxes	6 948 000	20 427 000	3 102 000	1 130 000
Dividends	0	0	0	0
Other Current Debt	84 145 000	199 974 000	91 897 000	751 000
Total Current Debt	146 387 000	552 039 000	107 553 000	3 688 000
Total Equity and Debt	223 535 000	566 882 000	138 437 000	7 456 000

Financial indicators	2022	2021	2020	2019
Return on Equity	126,89 %	388,35 %	85,32 %	−180,65 %
Debt-to-Equity Ratio	3,48	2,38	0,2	0
Operating Profit Margin	3,87 %	4,76 %	19,24 %	−62,02 %
Current Ratio	1,08	0,92	1,09	1,26
Quick Ratio	1,14	0,92	1,09	1,26
Equity Ratio	0,08	0,01	0,19	0,51
Gross Profit Margin	16,4 %	17,46 %	34,07 %	59,19 %