NORSE PROPERTY AS

4056 TANANGER

Finances

Share Ownership

Return on Equity

−3,36 %

Current Ratio

1,82

Debt-to-Equity Ratio

1,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 451 000	855 000	599 000	636 000
Net Income	−160 000	−248 000	44 000	−25 000
Total Assets	11 281 000	11 635 000	11 038 000	11 513 000
Total Equity	4 764 000	4 925 000	5 173 000	5 275 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 451 000	855 000	599 000	636 000
Expenditure	1 365 000	975 000	330 000	421 000
Operating Profit	85 000	−120 000	270 000	215 000
Financial Income	0	0	0	0
Financial Costs	289 000	191 000	210 000	247 000
Financial Balance	−289 000	−191 000	−210 000	−247 000
Earnings Before Tax	−204 000	−312 000	60 000	−32 000
Tax	−43 000	−63 000	16 000	−7 000
Net Income	−160 000	−248 000	44 000	−25 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 956 000	11 045 000	10 984 000	10 998 000
Total Current Assets	325 000	590 000	54 000	515 000
Total Assets	11 281 000	11 635 000	11 038 000	11 513 000
Total Retained Equity	−40 000	121 000	369 000	471 000
Total Equity	4 764 000	4 925 000	5 173 000	5 275 000
Total Long-Term Debt	6 338 000	6 338 000	5 598 000	6 044 000
Total Current Debt	179 000	373 000	267 000	194 000
Total Equity and Debt	11 281 000	11 635 000	11 038 000	11 513 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	728 000	84 000	0	0
Other Income	723 000	771 000	599 000	636 000
Revenue	1 451 000	855 000	599 000	636 000
Cost of Goods Sold	0	0	0	0
Salary Costs	886 000	232 000	3 000	4 000
Depreciation	218 000	177 000	169 000	188 000
Impairment	0	0	0	0
Expenditure	1 365 000	975 000	330 000	421 000
Operating Profit	85 000	−120 000	270 000	215 000
Financial Income	0	0	0	0
Financial Costs	289 000	191 000	210 000	247 000
Financial Balance	−289 000	−191 000	−210 000	−247 000
Dividends	0	0	0	0
Net Income	−160 000	−248 000	44 000	−25 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	88 000	44 000	0	0
Real Eastate	10 501 000	10 648 000	10 768 000	10 867 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	367 000	352 000	216 000	131 000
Total Tangible Assets	10 868 000	11 000 000	10 984 000	10 998 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 956 000	11 045 000	10 984 000	10 998 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	19 000	416 000	6 000	14 000
Total Current Assets	325 000	590 000	54 000	515 000
Total Assets	11 281 000	11 635 000	11 038 000	11 513 000
Total Equity	4 764 000	4 925 000	5 173 000	5 275 000
Short-Term Group Debt	0	157 000	192 000	4 000
Total Long-Term Debt	6 338 000	6 338 000	5 598 000	6 044 000
Creditors	32 000	90 000	56 000	49 000
Unpaid Taxes	28 000	81 000	0	0
Dividends	0	0	0	0
Other Current Debt	119 000	44 000	20 000	141 000
Total Current Debt	179 000	373 000	267 000	194 000
Total Equity and Debt	11 281 000	11 635 000	11 038 000	11 513 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,36 %	−5,04 %	0,85 %	−0,47 %
Debt-to-Equity Ratio	1,33	1,29	1,08	1,15
Operating Profit Margin	5,86 %	−14,04 %	45,08 %	33,81 %
Current Ratio	1,82	1,58	0,2	2,65
Quick Ratio	1,82	1,58	0,2	2,65
Equity Ratio	0,42	0,42	0,47	0,46
Gross Profit Margin	100 %	100 %	100 %	100 %