NOREXECO ASA

2212 KONGSVINGER

Finances

Share Ownership

Return on Equity

−88,33 %

Current Ratio

7,51

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	947 000	925 000	899 000	1 064 000
Net Income	−16 122 000	−15 579 000	−16 990 000	−17 060 000
Total Assets	21 042 000	12 738 000	12 877 000	13 169 000
Total Equity	18 252 000	9 443 000	10 404 000	9 290 000

Income (NOK)	2022	2021	2020	2019
Revenue	947 000	925 000	899 000	1 064 000
Expenditure	17 089 000	16 474 000	17 811 000	17 832 000
Operating Profit	−16 141 000	−15 549 000	−16 913 000	−16 769 000
Financial Income	184 000	117 000	259 000	149 000
Financial Costs	165 000	147 000	336 000	440 000
Financial Balance	19 000	−30 000	−77 000	−291 000
Earnings Before Tax	−16 122 000	−15 579 000	−16 990 000	−17 060 000
Tax	0	0	0	0
Net Income	−16 122 000	−15 579 000	−16 990 000	−17 060 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	105 000	119 000	40 000	301 000
Total Current Assets	20 937 000	12 619 000	12 838 000	12 868 000
Total Assets	21 042 000	12 738 000	12 877 000	13 169 000
Total Retained Equity	−142 283 000	−126 162 000	−110 583 000	−93 593 000
Total Equity	18 252 000	9 443 000	10 404 000	9 290 000
Total Long-Term Debt	0	0	0	5 000
Total Current Debt	2 789 000	3 295 000	2 473 000	3 874 000
Total Equity and Debt	21 042 000	12 738 000	12 877 000	13 169 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	947 000	910 000	899 000	1 064 000
Other Income	0	15 000	0	0
Revenue	947 000	925 000	899 000	1 064 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 676 000	9 784 000	10 691 000	10 093 000
Depreciation	14 000	26 000	246 000	629 000
Impairment	0	0	0	0
Expenditure	17 089 000	16 474 000	17 811 000	17 832 000
Operating Profit	−16 141 000	−15 549 000	−16 913 000	−16 769 000
Financial Income	184 000	117 000	259 000	149 000
Financial Costs	165 000	147 000	336 000	440 000
Financial Balance	19 000	−30 000	−77 000	−291 000
Dividends	0	0	0	0
Net Income	−16 122 000	−15 579 000	−16 990 000	−17 060 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	218 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	14 000	40 000	68 000
Total Tangible Assets	0	14 000	40 000	68 000
Total Fiancial Fixed Assets	105 000	105 000	0	15 000
Total Fixed Assets	105 000	119 000	40 000	301 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	19 975 000	12 227 000	12 456 000	12 513 000
Total Current Assets	20 937 000	12 619 000	12 838 000	12 868 000
Total Assets	21 042 000	12 738 000	12 877 000	13 169 000
Total Equity	18 252 000	9 443 000	10 404 000	9 290 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	5 000
Creditors	185 000	240 000	109 000	208 000
Unpaid Taxes	574 000	557 000	571 000	604 000
Dividends	0	0	0	0
Other Current Debt	2 031 000	2 498 000	1 793 000	3 063 000
Total Current Debt	2 789 000	3 295 000	2 473 000	3 874 000
Total Equity and Debt	21 042 000	12 738 000	12 877 000	13 169 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−88,33 %	−164,98 %	−163,3 %	−183,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1 704,44 %	−1 680,97 %	−1 881,31 %	−1 576,03 %
Current Ratio	7,51	3,83	5,19	3,32
Quick Ratio	7,51	3,83	5,19	3,32
Equity Ratio	0,87	0,74	0,81	0,71
Gross Profit Margin	100 %	100 %	100 %	100 %