ADELIN AS

3256 LARVIK

Finances

Share Ownership

Return on Equity

11,99 %

Current Ratio

2,83

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 624 000	7 968 000	6 885 000	6 938 000
Net Income	327 000	439 000	273 000	63 000
Total Assets	4 190 000	3 643 000	3 067 000	2 692 000
Total Equity	2 728 000	2 174 000	1 735 000	1 462 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 624 000	7 968 000	6 885 000	6 938 000
Expenditure	8 164 000	7 423 000	6 599 000	6 866 000
Operating Profit	461 000	545 000	285 000	72 000
Financial Income	5 000	2 000	5 000	1 000
Financial Costs	14 000	10 000	17 000	9 000
Financial Balance	−9 000	−8 000	−12 000	−8 000
Earnings Before Tax	452 000	537 000	273 000	63 000
Tax	125 000	98 000	0	0
Net Income	327 000	439 000	273 000	63 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	51 000	12 000	20 000	27 000
Total Current Assets	4 139 000	3 631 000	3 048 000	2 665 000
Total Assets	4 190 000	3 643 000	3 067 000	2 692 000
Total Retained Equity	2 582 000	2 028 000	1 589 000	1 316 000
Total Equity	2 728 000	2 174 000	1 735 000	1 462 000
Total Long-Term Debt	0	229 000	335 000	0
Total Current Debt	1 462 000	1 241 000	996 000	1 229 000
Total Equity and Debt	4 190 000	3 643 000	3 067 000	2 692 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 624 000	7 913 000	6 829 000	6 933 000
Other Income	0	55 000	55 000	5 000
Revenue	8 624 000	7 968 000	6 885 000	6 938 000
Cost of Goods Sold	4 459 000	4 017 000	3 615 000	3 645 000
Salary Costs	2 589 000	2 403 000	2 067 000	2 326 000
Depreciation	14 000	7 000	7 000	7 000
Impairment	0	0	0	0
Expenditure	8 164 000	7 423 000	6 599 000	6 866 000
Operating Profit	461 000	545 000	285 000	72 000
Financial Income	5 000	2 000	5 000	1 000
Financial Costs	14 000	10 000	17 000	9 000
Financial Balance	−9 000	−8 000	−12 000	−8 000
Dividends	300 000	0	0	0
Net Income	327 000	439 000	273 000	63 000

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	50 000	11 000	19 000	26 000
Fixtures	0	0	0	0
Total Tangible Assets	50 000	11 000	19 000	26 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	51 000	12 000	20 000	27 000
Stock	2 748 000	2 007 000	1 980 000	2 350 000
Total Investments	0	0	0	0
Cash, Bank	1 123 000	1 624 000	1 068 000	190 000
Total Current Assets	4 139 000	3 631 000	3 048 000	2 665 000
Total Assets	4 190 000	3 643 000	3 067 000	2 692 000
Total Equity	2 728 000	2 174 000	1 735 000	1 462 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	229 000	335 000	0
Creditors	274 000	194 000	98 000	301 000
Unpaid Taxes	342 000	381 000	305 000	305 000
Dividends	300 000	0	0	0
Other Current Debt	421 000	567 000	594 000	624 000
Total Current Debt	1 462 000	1 241 000	996 000	1 229 000
Total Equity and Debt	4 190 000	3 643 000	3 067 000	2 692 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,99 %	20,19 %	15,73 %	4,31 %
Debt-to-Equity Ratio	0	0,11	0,19	0
Operating Profit Margin	5,35 %	6,84 %	4,14 %	1,04 %
Current Ratio	2,83	2,93	3,06	2,17
Quick Ratio	−3,22	−4,74	−3,1	−2,38
Equity Ratio	0,65	0,6	0,57	0,54
Gross Profit Margin	48,3 %	49,59 %	47,49 %	47,46 %