NORWEGIAN CREATIONS AS

7042 TRONDHEIM

Finances

Share Ownership

Return on Equity

−18,96 %

Current Ratio

2,51

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 143 000	2 677 000	3 146 000	2 671 000
Net Income	−109 000	−158 000	62 000	−36 000
Total Assets	896 000	1 127 000	1 713 000	1 392 000
Total Equity	575 000	684 000	842 000	779 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 143 000	2 677 000	3 146 000	2 671 000
Expenditure	2 282 000	2 873 000	3 070 000	2 719 000
Operating Profit	−139 000	−196 000	75 000	−47 000
Financial Income	0	0	5 000	1 000
Financial Costs	1 000	6 000	0	0
Financial Balance	−1 000	−6 000	5 000	1 000
Earnings Before Tax	−140 000	−202 000	80 000	−46 000
Tax	−31 000	−44 000	17 000	−10 000
Net Income	−109 000	−158 000	62 000	−36 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	92 000	95 000	90 000	41 000
Total Current Assets	805 000	1 031 000	1 623 000	1 351 000
Total Assets	896 000	1 127 000	1 713 000	1 392 000
Total Retained Equity	545 000	654 000	812 000	749 000
Total Equity	575 000	684 000	842 000	779 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	321 000	442 000	871 000	612 000
Total Equity and Debt	896 000	1 127 000	1 713 000	1 392 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 143 000	2 677 000	3 146 000	2 671 000
Other Income	0	0	0	0
Revenue	2 143 000	2 677 000	3 146 000	2 671 000
Cost of Goods Sold	301 000	621 000	453 000	261 000
Salary Costs	1 524 000	1 270 000	1 673 000	2 022 000
Depreciation	34 000	39 000	51 000	29 000
Impairment	0	0	0	0
Expenditure	2 282 000	2 873 000	3 070 000	2 719 000
Operating Profit	−139 000	−196 000	75 000	−47 000
Financial Income	0	0	5 000	1 000
Financial Costs	1 000	6 000	0	0
Financial Balance	−1 000	−6 000	5 000	1 000
Dividends	0	0	0	0
Net Income	−109 000	−158 000	62 000	−36 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	80 000	50 000	5 000	8 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	12 000	46 000	85 000	33 000
Total Tangible Assets	12 000	46 000	85 000	33 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	92 000	95 000	90 000	41 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	548 000	696 000	1 259 000	1 122 000
Total Current Assets	805 000	1 031 000	1 623 000	1 351 000
Total Assets	896 000	1 127 000	1 713 000	1 392 000
Total Equity	575 000	684 000	842 000	779 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	32 000	160 000	325 000	5 000
Unpaid Taxes	132 000	150 000	355 000	436 000
Dividends	0	0	0	0
Other Current Debt	157 000	132 000	177 000	171 000
Total Current Debt	321 000	442 000	871 000	612 000
Total Equity and Debt	896 000	1 127 000	1 713 000	1 392 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−18,96 %	−23,1 %	7,36 %	−4,62 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−6,49 %	−7,32 %	2,38 %	−1,76 %
Current Ratio	2,51	2,33	1,86	2,21
Quick Ratio	2,51	2,33	1,86	2,21
Equity Ratio	0,64	0,61	0,49	0,56
Gross Profit Margin	85,95 %	76,8 %	85,6 %	90,23 %