NORCO AS

7290 STØREN

Finances

Share Ownership

Return on Equity

18,24 %

Current Ratio

13,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 238 000	15 887 000	15 932 000	13 011 000
Net Income	1 161 000	1 094 000	886 000	881 000
Total Assets	6 866 000	5 664 000	4 975 000	3 995 000
Total Equity	6 364 000	5 203 000	4 108 000	3 222 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 238 000	15 887 000	15 932 000	13 011 000
Expenditure	13 833 000	14 551 000	14 853 000	11 964 000
Operating Profit	1 406 000	1 336 000	1 079 000	1 047 000
Financial Income	94 000	73 000	61 000	83 000
Financial Costs	8 000	4 000	4 000	1 000
Financial Balance	86 000	69 000	57 000	82 000
Earnings Before Tax	1 492 000	1 406 000	1 136 000	1 129 000
Tax	332 000	311 000	250 000	248 000
Net Income	1 161 000	1 094 000	886 000	881 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	75 000	76 000	0	0
Total Current Assets	6 790 000	5 588 000	4 975 000	3 995 000
Total Assets	6 866 000	5 664 000	4 975 000	3 995 000
Total Retained Equity	6 264 000	5 103 000	4 008 000	3 122 000
Total Equity	6 364 000	5 203 000	4 108 000	3 222 000
Total Long-Term Debt	7 000	9 000	10 000	12 000
Total Current Debt	495 000	452 000	856 000	760 000
Total Equity and Debt	6 866 000	5 664 000	4 975 000	3 995 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 214 000	15 881 000	15 932 000	13 011 000
Other Income	25 000	6 000	0	0
Revenue	15 238 000	15 887 000	15 932 000	13 011 000
Cost of Goods Sold	13 137 000	13 873 000	14 201 000	11 566 000
Salary Costs	251 000	248 000	259 000	2 000
Depreciation	22 000	12 000	0	0
Impairment	0	0	0	0
Expenditure	13 833 000	14 551 000	14 853 000	11 964 000
Operating Profit	1 406 000	1 336 000	1 079 000	1 047 000
Financial Income	94 000	73 000	61 000	83 000
Financial Costs	8 000	4 000	4 000	1 000
Financial Balance	86 000	69 000	57 000	82 000
Dividends	0	0	0	500 000
Net Income	1 161 000	1 094 000	886 000	881 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	75 000	76 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	75 000	76 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	75 000	76 000	0	0
Stock	600 000	622 000	622 000	1 970 000
Total Investments	0	0	0	0
Cash, Bank	6 165 000	4 768 000	4 228 000	1 797 000
Total Current Assets	6 790 000	5 588 000	4 975 000	3 995 000
Total Assets	6 866 000	5 664 000	4 975 000	3 995 000
Total Equity	6 364 000	5 203 000	4 108 000	3 222 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 000	9 000	10 000	12 000
Creditors	11 000	20 000	547 000	7 000
Unpaid Taxes	126 000	96 000	32 000	1 000
Dividends	0	0	0	500 000
Other Current Debt	24 000	25 000	25 000	1 000
Total Current Debt	495 000	452 000	856 000	760 000
Total Equity and Debt	6 866 000	5 664 000	4 975 000	3 995 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,24 %	21,03 %	21,57 %	27,34 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,23 %	8,41 %	6,77 %	8,05 %
Current Ratio	13,72	12,36	5,81	5,26
Quick Ratio	−64,67	−32,87	21,26	−3,3
Equity Ratio	0,93	0,92	0,83	0,81
Gross Profit Margin	13,79 %	12,68 %	10,86 %	11,11 %