NORWAY CAR SERVICE AS

2005 RÆLINGEN

Finances

Return on Equity

35,29 %

Current Ratio

1,96

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 629 000	1 246 000	0	106 000
Net Income	210 000	166 000	−1 000	0
Total Assets	1 052 000	613 000	270 000	270 000
Total Equity	595 000	385 000	220 000	220 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 629 000	1 246 000	0	106 000
Expenditure	1 418 000	1 078 000	1 000	114 000
Operating Profit	210 000	169 000	−1 000	−8 000
Financial Income	0	0	0	0
Financial Costs	0	4 000	0	0
Financial Balance	0	−4 000	0	0
Earnings Before Tax	210 000	166 000	−1 000	−8 000
Tax	0	0	0	−8 000
Net Income	210 000	166 000	−1 000	0

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	299 000	299 000	269 000	269 000
Total Current Assets	753 000	314 000	1 000	1 000
Total Assets	1 052 000	613 000	270 000	270 000
Total Retained Equity	565 000	355 000	190 000	190 000
Total Equity	595 000	385 000	220 000	220 000
Total Long-Term Debt	73 000	77 000	0	0
Total Current Debt	384 000	151 000	51 000	50 000
Total Equity and Debt	1 052 000	613 000	270 000	270 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 623 000	1 099 000	0	0
Other Income	6 000	147 000	0	106 000
Revenue	1 629 000	1 246 000	0	106 000
Cost of Goods Sold	602 000	541 000	0	98 000
Salary Costs	306 000	58 000	0	0
Depreciation	9 000	30 000	0	0
Impairment	0	0	0	0
Expenditure	1 418 000	1 078 000	1 000	114 000
Operating Profit	210 000	169 000	−1 000	−8 000
Financial Income	0	0	0	0
Financial Costs	0	4 000	0	0
Financial Balance	0	−4 000	0	0
Dividends	0	0	0	0
Net Income	210 000	166 000	−1 000	0

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	299 000	299 000	269 000	269 000
Total Fixed Assets	299 000	299 000	269 000	269 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	16 000	46 000	1 000	1 000
Total Current Assets	753 000	314 000	1 000	1 000
Total Assets	1 052 000	613 000	270 000	270 000
Total Equity	595 000	385 000	220 000	220 000
Short-Term Group Debt	24 000	24 000	0	0
Total Long-Term Debt	73 000	77 000	0	0
Creditors	249 000	116 000	1 000	0
Unpaid Taxes	3 000	−14 000	0	0
Dividends	0	0	0	0
Other Current Debt	116 000	33 000	50 000	50 000
Total Current Debt	384 000	151 000	51 000	50 000
Total Equity and Debt	1 052 000	613 000	270 000	270 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,29 %	43,12 %	−0,45 %	0 %
Debt-to-Equity Ratio	0,12	0,2	0	0
Operating Profit Margin	12,89 %	13,56 %	-	−7,55 %
Current Ratio	1,96	2,08	0,02	0,02
Quick Ratio	1,96	2,08	0,02	0,02
Equity Ratio	0,57	0,63	0,81	0,81
Gross Profit Margin	63,04 %	56,58 %	-	7,55 %