NORDIC APPROACH AS

0578 OSLO

Finances

Share Ownership

Return on Equity

6,64 %

Current Ratio

5,87

Debt-to-Equity Ratio

0,52

Key figures (USD)	2022	2021	2020	2019
Revenue	12 346 000	10 625 000	8 103 000	9 115 000
Net Income	249 000	528 000	157 000	−28 000
Total Assets	6 712 000	4 623 000	4 851 000	5 522 000
Total Equity	3 748 000	3 272 000	2 710 000	2 674 000

Income (USD)	2022	2021	2020	2019
Revenue	12 346 000	10 625 000	8 103 000	9 115 000
Expenditure	11 803 000	9 934 000	7 789 000	8 991 000
Operating Profit	543 000	692 000	313 000	123 000
Financial Income	50 000	12 000	90 000	13 000
Financial Costs	269 000	25 000	199 000	187 000
Financial Balance	−219 000	−13 000	−109 000	−174 000
Earnings Before Tax	324 000	679 000	205 000	−50 000
Tax	76 000	151 000	47 000	−22 000
Net Income	249 000	528 000	157 000	−28 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	851 000	1 026 000	1 228 000	1 444 000
Total Current Assets	5 861 000	3 596 000	3 623 000	4 079 000
Total Assets	6 712 000	4 623 000	4 851 000	5 522 000
Total Retained Equity	1 945 000	1 470 000	908 000	872 000
Total Equity	3 748 000	3 272 000	2 710 000	2 674 000
Total Long-Term Debt	1 966 000	794 000	509 000	39 000
Total Current Debt	999 000	556 000	1 632 000	2 809 000
Total Equity and Debt	6 712 000	4 623 000	4 851 000	5 522 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	12 322 000	10 614 000	8 083 000	9 098 000
Other Income	24 000	12 000	20 000	17 000
Revenue	12 346 000	10 625 000	8 103 000	9 115 000
Cost of Goods Sold	9 514 000	7 637 000	5 596 000	6 768 000
Salary Costs	685 000	817 000	693 000	594 000
Depreciation	171 000	189 000	174 000	190 000
Impairment	0	0	0	0
Expenditure	11 803 000	9 934 000	7 789 000	8 991 000
Operating Profit	543 000	692 000	313 000	123 000
Financial Income	50 000	12 000	90 000	13 000
Financial Costs	269 000	25 000	199 000	187 000
Financial Balance	−219 000	−13 000	−109 000	−174 000
Dividends	0	0	0	0
Net Income	249 000	528 000	157 000	−28 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	10 000	47 000	95 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	838 000	1 005 000	1 181 000	1 349 000
Total Tangible Assets	838 000	1 005 000	1 181 000	1 349 000
Total Fiancial Fixed Assets	14 000	11 000	0	0
Total Fixed Assets	851 000	1 026 000	1 228 000	1 444 000
Stock	4 501 000	2 269 000	1 508 000	2 314 000
Total Investments	0	0	0	0
Cash, Bank	239 000	443 000	1 275 000	629 000
Total Current Assets	5 861 000	3 596 000	3 623 000	4 079 000
Total Assets	6 712 000	4 623 000	4 851 000	5 522 000
Total Equity	3 748 000	3 272 000	2 710 000	2 674 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 966 000	794 000	509 000	39 000
Creditors	449 000	111 000	490 000	1 034 000
Unpaid Taxes	49 000	38 000	36 000	51 000
Dividends	0	0	0	0
Other Current Debt	438 000	294 000	1 106 000	1 725 000
Total Current Debt	999 000	556 000	1 632 000	2 809 000
Total Equity and Debt	6 712 000	4 623 000	4 851 000	5 522 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,64 %	16,14 %	5,79 %	−1,05 %
Debt-to-Equity Ratio	0,52	0,24	0,19	0,01
Operating Profit Margin	4,4 %	6,51 %	3,86 %	1,35 %
Current Ratio	5,87	6,47	2,22	1,45
Quick Ratio	−1,67	−2,1	29,22	8,24
Equity Ratio	0,56	0,71	0,56	0,48
Gross Profit Margin	22,94 %	28,12 %	30,94 %	25,75 %