NORBELT AS

6017 ÅLESUND

Finances

Return on Equity

7,3 %

Current Ratio

2,59

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 710 000	16 578 000	15 568 000	14 351 000
Net Income	438 000	748 000	827 000	279 000
Total Assets	9 419 000	8 448 000	7 105 000	6 358 000
Total Equity	6 002 000	5 564 000	4 816 000	3 989 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 710 000	16 578 000	15 568 000	14 351 000
Expenditure	17 047 000	15 634 000	14 441 000	13 948 000
Operating Profit	663 000	944 000	1 128 000	402 000
Financial Income	57 000	119 000	89 000	41 000
Financial Costs	152 000	99 000	151 000	83 000
Financial Balance	−95 000	20 000	−62 000	−42 000
Earnings Before Tax	568 000	962 000	1 065 000	360 000
Tax	130 000	214 000	238 000	81 000
Net Income	438 000	748 000	827 000	279 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	570 000	833 000	1 000 000	1 074 000
Total Current Assets	8 849 000	7 615 000	6 106 000	5 283 000
Total Assets	9 419 000	8 448 000	7 105 000	6 358 000
Total Retained Equity	5 463 000	5 024 000	4 276 000	3 449 000
Total Equity	6 002 000	5 564 000	4 816 000	3 989 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 417 000	2 883 000	2 289 000	2 369 000
Total Equity and Debt	9 419 000	8 448 000	7 105 000	6 358 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 710 000	16 578 000	15 416 000	14 351 000
Other Income	0	0	153 000	0
Revenue	17 710 000	16 578 000	15 568 000	14 351 000
Cost of Goods Sold	8 339 000	8 463 000	8 282 000	7 685 000
Salary Costs	4 698 000	3 773 000	3 070 000	2 846 000
Depreciation	307 000	289 000	273 000	192 000
Impairment	0	0	0	0
Expenditure	17 047 000	15 634 000	14 441 000	13 948 000
Operating Profit	663 000	944 000	1 128 000	402 000
Financial Income	57 000	119 000	89 000	41 000
Financial Costs	152 000	99 000	151 000	83 000
Financial Balance	−95 000	20 000	−62 000	−42 000
Dividends	0	0	0	0
Net Income	438 000	748 000	827 000	279 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 000	14 000	15 000	16 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	154 000	204 000	208 000	278 000
Fixtures	330 000	550 000	746 000	756 000
Total Tangible Assets	484 000	754 000	955 000	1 034 000
Total Fiancial Fixed Assets	68 000	65 000	30 000	25 000
Total Fixed Assets	570 000	833 000	1 000 000	1 074 000
Stock	4 720 000	4 633 000	3 697 000	3 360 000
Total Investments	0	0	0	0
Cash, Bank	1 271 000	138 000	161 000	195 000
Total Current Assets	8 849 000	7 615 000	6 106 000	5 283 000
Total Assets	9 419 000	8 448 000	7 105 000	6 358 000
Total Equity	6 002 000	5 564 000	4 816 000	3 989 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 466 000	1 108 000	1 014 000	997 000
Unpaid Taxes	1 074 000	869 000	627 000	566 000
Dividends	0	0	0	0
Other Current Debt	743 000	662 000	412 000	439 000
Total Current Debt	3 417 000	2 883 000	2 289 000	2 369 000
Total Equity and Debt	9 419 000	8 448 000	7 105 000	6 358 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,3 %	13,44 %	17,17 %	6,99 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,74 %	5,69 %	7,25 %	2,8 %
Current Ratio	2,59	2,64	2,67	2,23
Quick Ratio	−6,79	−4,35	−4,34	−5,33
Equity Ratio	0,64	0,66	0,68	0,63
Gross Profit Margin	52,91 %	48,95 %	46,8 %	46,45 %