NOROFF UNIVERSITY COLLEGE AS

4612 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

−42,45 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2018
Revenue	54 213 000	48 510 000	52 854 000	26 469 000
Net Income	−1 408 000	2 842 000	429 000	758 000
Total Assets	15 323 000	17 146 000	11 684 000	28 746 000
Total Equity	3 317 000	8 837 000	5 994 000	6 626 000

Income (NOK)	2022	2021	2020	2018
Revenue	54 213 000	48 510 000	52 854 000	26 469 000
Expenditure	56 148 000	44 897 000	52 202 000	25 116 000
Operating Profit	−1 936 000	3 613 000	652 000	1 353 000
Financial Income	104 000	75 000	36 000	17 000
Financial Costs	−7 000	22 000	138 000	402 000
Financial Balance	111 000	53 000	−102 000	−385 000
Earnings Before Tax	−1 825 000	3 665 000	550 000	968 000
Tax	−417 000	823 000	121 000	210 000
Net Income	−1 408 000	2 842 000	429 000	758 000

Balance (NOK)	2022	2021	2020	2018
Total Fixed Assets	1 387 000	2 405 000	2 374 000	24 298 000
Total Current Assets	13 936 000	14 741 000	9 310 000	4 448 000
Total Assets	15 323 000	17 146 000	11 684 000	28 746 000
Total Retained Equity	0	2 969 000	126 000	758 000
Total Equity	3 317 000	8 837 000	5 994 000	6 626 000
Total Long-Term Debt	1 000	152 000	51 000	2 661 000
Total Current Debt	12 005 000	8 157 000	5 639 000	19 459 000
Total Equity and Debt	15 323 000	17 146 000	11 684 000	28 746 000

Cash flow (NOK)	2022	2021	2020	2018
Sales Income	54 213 000	48 510 000	52 831 000	25 855 000
Other Income	0	0	23 000	614 000
Revenue	54 213 000	48 510 000	52 854 000	26 469 000
Cost of Goods Sold	0	0	0	218 000
Salary Costs	24 583 000	18 470 000	21 413 000	10 356 000
Depreciation	1 269 000	1 676 000	3 778 000	3 252 000
Impairment	0	0	0	0
Expenditure	56 148 000	44 897 000	52 202 000	25 116 000
Operating Profit	−1 936 000	3 613 000	652 000	1 353 000
Financial Income	104 000	75 000	36 000	17 000
Financial Costs	−7 000	22 000	138 000	402 000
Financial Balance	111 000	53 000	−102 000	−385 000
Dividends	0	0	0	0
Net Income	−1 408 000	2 842 000	429 000	758 000

Balance details (NOK)	2022	2021	2020	2018
Goodwill	0	0	0	0
Total Intangible Assets	147 000	15 000	136 000	1 217 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 172 000	2 111 000	1 834 000	2 399 000
Fixtures	68 000	205 000	404 000	712 000
Total Tangible Assets	1 240 000	2 316 000	2 238 000	3 111 000
Total Fiancial Fixed Assets	0	74 000	0	19 970 000
Total Fixed Assets	1 387 000	2 405 000	2 374 000	24 298 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 700 000	12 076 000	6 490 000	684 000
Total Current Assets	13 936 000	14 741 000	9 310 000	4 448 000
Total Assets	15 323 000	17 146 000	11 684 000	28 746 000
Total Equity	3 317 000	8 837 000	5 994 000	6 626 000
Short-Term Group Debt	0	0	0	15 450 000
Total Long-Term Debt	1 000	152 000	51 000	2 661 000
Creditors	1 103 000	2 006 000	1 803 000	1 828 000
Unpaid Taxes	1 241 000	781 000	1 666 000	883 000
Dividends	0	0	0	0
Other Current Debt	9 285 000	4 610 000	1 476 000	886 000
Total Current Debt	12 005 000	8 157 000	5 639 000	19 459 000
Total Equity and Debt	15 323 000	17 146 000	11 684 000	28 746 000

Financial indicators	2022	2021	2020	2018
Return on Equity	−42,45 %	32,16 %	7,16 %	11,44 %
Debt-to-Equity Ratio	0	0,02	0,01	0,4
Operating Profit Margin	−3,57 %	7,45 %	1,23 %	5,11 %
Current Ratio	1,16	1,81	1,65	0,23
Quick Ratio	1,16	1,81	1,65	0,23
Equity Ratio	0,22	0,52	0,51	0,23
Gross Profit Margin	100 %	100 %	100 %	99,18 %