PROGRESSING MINDS AS

4005 STAVANGER

Finances

Return on Equity

51,21 %

Current Ratio

4,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 262 000	5 088 000	3 929 000	1 207 000
Net Income	2 733 000	2 786 000	623 000	−64 000
Total Assets	6 628 000	4 320 000	2 153 000	1 010 000
Total Equity	5 337 000	2 837 000	1 611 000	617 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 262 000	5 088 000	3 929 000	1 207 000
Expenditure	1 784 000	1 528 000	3 127 000	1 282 000
Operating Profit	3 478 000	3 560 000	802 000	−76 000
Financial Income	50 000	33 000	3 000	0
Financial Costs	23 000	19 000	5 000	3 000
Financial Balance	27 000	14 000	−2 000	−3 000
Earnings Before Tax	3 505 000	3 573 000	799 000	−78 000
Tax	773 000	788 000	176 000	−14 000
Net Income	2 733 000	2 786 000	623 000	−64 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	723 000	814 000	908 000	350 000
Total Current Assets	5 905 000	3 506 000	1 245 000	660 000
Total Assets	6 628 000	4 320 000	2 153 000	1 010 000
Total Retained Equity	5 287 000	2 787 000	911 000	287 000
Total Equity	5 337 000	2 837 000	1 611 000	617 000
Total Long-Term Debt	2 000	2 000	0	0
Total Current Debt	1 289 000	1 481 000	542 000	393 000
Total Equity and Debt	6 628 000	4 320 000	2 153 000	1 010 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 262 000	5 088 000	3 929 000	1 207 000
Other Income	0	0	0	0
Revenue	5 262 000	5 088 000	3 929 000	1 207 000
Cost of Goods Sold	0	42 000	1 640 000	516 000
Salary Costs	1 340 000	1 016 000	645 000	2 000
Depreciation	8 000	2 000	0	0
Impairment	0	0	0	0
Expenditure	1 784 000	1 528 000	3 127 000	1 282 000
Operating Profit	3 478 000	3 560 000	802 000	−76 000
Financial Income	50 000	33 000	3 000	0
Financial Costs	23 000	19 000	5 000	3 000
Financial Balance	27 000	14 000	−2 000	−3 000
Dividends	232 000	910 000	0	0
Net Income	2 733 000	2 786 000	623 000	−64 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 000	14 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	23 000	31 000	0	0
Total Tangible Assets	23 000	31 000	0	0
Total Fiancial Fixed Assets	700 000	783 000	907 000	336 000
Total Fixed Assets	723 000	814 000	908 000	350 000
Stock	0	0	0	0
Total Investments	250 000	0	0	0
Cash, Bank	5 411 000	3 048 000	818 000	523 000
Total Current Assets	5 905 000	3 506 000	1 245 000	660 000
Total Assets	6 628 000	4 320 000	2 153 000	1 010 000
Total Equity	5 337 000	2 837 000	1 611 000	617 000
Short-Term Group Debt	38 000	89 000	194 000	0
Total Long-Term Debt	2 000	2 000	0	0
Creditors	22 000	91 000	22 000	360 000
Unpaid Taxes	233 000	141 000	142 000	20 000
Dividends	232 000	910 000	0	0
Other Current Debt	232 000	395 000	64 000	13 000
Total Current Debt	1 289 000	1 481 000	542 000	393 000
Total Equity and Debt	6 628 000	4 320 000	2 153 000	1 010 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,21 %	98,2 %	38,67 %	−10,37 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	66,1 %	69,97 %	20,41 %	−6,3 %
Current Ratio	4,58	2,37	2,3	1,68
Quick Ratio	4,58	2,37	2,3	1,68
Equity Ratio	0,81	0,66	0,75	0,61
Gross Profit Margin	100 %	99,17 %	58,26 %	57,25 %