NØRVE'S AUTOMOBILSERVICE AS

6020 ÅLESUND

Finances

Share Ownership

Return on Equity

42,26 %

Current Ratio

1,59

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 856 000	12 098 000	11 421 000	9 943 000
Net Income	1 067 000	794 000	718 000	347 000
Total Assets	5 055 000	3 289 000	3 752 000	2 031 000
Total Equity	2 525 000	1 458 000	664 000	787 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 856 000	12 098 000	11 421 000	9 943 000
Expenditure	12 462 000	11 088 000	10 463 000	9 475 000
Operating Profit	1 393 000	1 010 000	959 000	468 000
Financial Income	7 000	7 000	5 000	0
Financial Costs	13 000	2 000	21 000	16 000
Financial Balance	−6 000	5 000	−16 000	−16 000
Earnings Before Tax	1 387 000	1 015 000	943 000	452 000
Tax	319 000	221 000	225 000	105 000
Net Income	1 067 000	794 000	718 000	347 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 022 000	825 000	970 000	984 000
Total Current Assets	4 033 000	2 465 000	2 782 000	1 047 000
Total Assets	5 055 000	3 289 000	3 752 000	2 031 000
Total Retained Equity	2 421 000	1 353 000	559 000	682 000
Total Equity	2 525 000	1 458 000	664 000	787 000
Total Long-Term Debt	0	0	0	64 000
Total Current Debt	2 529 000	1 831 000	3 088 000	1 181 000
Total Equity and Debt	5 055 000	3 289 000	3 752 000	2 031 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 412 000	12 045 000	11 339 000	9 923 000
Other Income	444 000	53 000	82 000	20 000
Revenue	13 856 000	12 098 000	11 421 000	9 943 000
Cost of Goods Sold	4 260 000	3 707 000	3 539 000	3 255 000
Salary Costs	5 581 000	5 030 000	4 761 000	3 884 000
Depreciation	282 000	223 000	202 000	178 000
Impairment	0	0	0	0
Expenditure	12 462 000	11 088 000	10 463 000	9 475 000
Operating Profit	1 393 000	1 010 000	959 000	468 000
Financial Income	7 000	7 000	5 000	0
Financial Costs	13 000	2 000	21 000	16 000
Financial Balance	−6 000	5 000	−16 000	−16 000
Dividends	0	0	800 000	0
Net Income	1 067 000	794 000	718 000	347 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	3 000	10 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 019 000	794 000	910 000	867 000
Total Tangible Assets	1 019 000	794 000	913 000	877 000
Total Fiancial Fixed Assets	3 000	30 000	57 000	108 000
Total Fixed Assets	1 022 000	825 000	970 000	984 000
Stock	460 000	225 000	200 000	157 000
Total Investments	0	0	0	0
Cash, Bank	2 705 000	1 769 000	2 130 000	336 000
Total Current Assets	4 033 000	2 465 000	2 782 000	1 047 000
Total Assets	5 055 000	3 289 000	3 752 000	2 031 000
Total Equity	2 525 000	1 458 000	664 000	787 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	64 000
Creditors	614 000	306 000	391 000	349 000
Unpaid Taxes	1 004 000	727 000	651 000	358 000
Dividends	0	0	800 000	0
Other Current Debt	592 000	578 000	1 021 000	369 000
Total Current Debt	2 529 000	1 831 000	3 088 000	1 181 000
Total Equity and Debt	5 055 000	3 289 000	3 752 000	2 031 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,26 %	54,46 %	108,13 %	44,09 %
Debt-to-Equity Ratio	0	0	0	0,08
Operating Profit Margin	10,05 %	8,35 %	8,4 %	4,71 %
Current Ratio	1,59	1,35	0,9	0,89
Quick Ratio	1,95	1,53	0,96	1,02
Equity Ratio	0,5	0,44	0,18	0,39
Gross Profit Margin	69,26 %	69,36 %	69,01 %	67,26 %