NORDVEST FIBER AS

6018 ÅLESUND

Finances

Return on Equity

−22,41 %

Current Ratio

1,16

Debt-to-Equity Ratio

2,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 348 000	48 079 000	38 610 000	15 440 000
Net Income	−15 014 000	−13 231 000	−22 165 000	−22 075 000
Total Assets	267 174 000	255 484 000	241 400 000	50 859 000
Total Equity	66 999 000	61 472 000	70 423 000	23 701 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 348 000	48 079 000	38 610 000	15 440 000
Expenditure	61 413 000	57 992 000	59 081 000	55 352 000
Operating Profit	−9 065 000	−9 913 000	−20 471 000	−19 912 000
Financial Income	364 000	110 000	209 000	396 000
Financial Costs	6 313 000	3 429 000	1 912 000	102 000
Financial Balance	−5 949 000	−3 319 000	−1 703 000	294 000
Earnings Before Tax	−15 014 000	−13 231 000	−22 174 000	−19 618 000
Tax	0	0	−9 000	2 457 000
Net Income	−15 014 000	−13 231 000	−22 165 000	−22 075 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	250 514 000	243 836 000	184 873 000	26 824 000
Total Current Assets	16 660 000	11 649 000	56 527 000	24 035 000
Total Assets	267 174 000	255 484 000	241 400 000	50 859 000
Total Retained Equity	−71 006 000	−56 410 000	−47 460 000	−24 148 000
Total Equity	66 999 000	61 472 000	70 423 000	23 701 000
Total Long-Term Debt	185 755 000	171 058 000	114 913 000	3 682 000
Total Current Debt	14 421 000	22 954 000	56 064 000	23 476 000
Total Equity and Debt	267 174 000	255 484 000	241 400 000	50 859 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	48 879 000	47 642 000	37 625 000	35 440 000
Other Income	3 470 000	436 000	985 000	0
Revenue	52 348 000	48 079 000	38 610 000	15 440 000
Cost of Goods Sold	21 019 000	22 830 000	18 905 000	17 927 000
Salary Costs	12 226 000	8 838 000	17 944 000	11 218 000
Depreciation	13 942 000	10 742 000	3 035 000	4 952 000
Impairment	0	0	0	0
Expenditure	61 413 000	57 992 000	59 081 000	55 352 000
Operating Profit	−9 065 000	−9 913 000	−20 471 000	−19 912 000
Financial Income	364 000	110 000	209 000	396 000
Financial Costs	6 313 000	3 429 000	1 912 000	102 000
Financial Balance	−5 949 000	−3 319 000	−1 703 000	294 000
Dividends	0	0	0	0
Net Income	−15 014 000	−13 231 000	−22 165 000	−22 075 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	25 000	47 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	241 583 000	199 442 000	182 862 000	24 835 000
Fixtures	865 000	1 314 000	1 986 000	1 943 000
Total Tangible Assets	250 014 000	243 836 000	184 848 000	26 778 000
Total Fiancial Fixed Assets	500 000	0	0	3 698 000
Total Fixed Assets	250 514 000	243 836 000	184 873 000	26 824 000
Stock	1 205 000	566 000	1 618 000	280 000
Total Investments	0	0	0	0
Cash, Bank	11 423 000	2 626 000	36 896 000	13 580 000
Total Current Assets	16 660 000	11 649 000	56 527 000	24 035 000
Total Assets	267 174 000	255 484 000	241 400 000	50 859 000
Total Equity	66 999 000	61 472 000	70 423 000	23 701 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	185 755 000	171 058 000	114 913 000	3 682 000
Creditors	5 657 000	9 921 000	41 554 000	10 637 000
Unpaid Taxes	88 000	569 000	522 000	480 000
Dividends	0	0	0	0
Other Current Debt	8 675 000	12 465 000	13 988 000	12 359 000
Total Current Debt	14 421 000	22 954 000	56 064 000	23 476 000
Total Equity and Debt	267 174 000	255 484 000	241 400 000	50 859 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−22,41 %	−21,52 %	−31,47 %	−93,14 %
Debt-to-Equity Ratio	2,77	2,78	1,63	0,16
Operating Profit Margin	−17,32 %	−20,62 %	−53,02 %	−128,96 %
Current Ratio	1,16	0,51	1,01	1,02
Quick Ratio	1,26	0,52	1,04	1,04
Equity Ratio	0,25	0,24	0,29	0,47
Gross Profit Margin	59,85 %	52,52 %	51,04 %	−16,11 %