SPANDEX AS

3261 LARVIK

Finances

Share Ownership

Return on Equity

−23,16 %

Current Ratio

1,05

Debt-to-Equity Ratio

Key figures (NOK)	2023	2022	2021	2020
Revenue	114 315 000	106 838 000	100 138 000	99 486 000
Net Income	−797 000	−1 112 000	−4 486 000	−6 411 000
Total Assets	32 382 000	41 066 000	43 110 000	54 097 000
Total Equity	3 441 000	4 238 000	5 350 000	−165 000

Income (NOK)	2023	2022	2021	2020
Revenue	114 315 000	106 838 000	100 138 000	99 486 000
Expenditure	111 582 000	105 312 000	103 726 000	102 991 000
Operating Profit	2 733 000	1 526 000	−3 588 000	−3 505 000
Financial Income	442 000	462 000	1 074 000	495 000
Financial Costs	2 523 000	1 887 000	1 718 000	3 487 000
Financial Balance	−2 081 000	−1 425 000	−644 000	−2 992 000
Earnings Before Tax	651 000	101 000	−4 233 000	−6 496 000
Tax	1 449 000	1 213 000	253 000	−85 000
Net Income	−797 000	−1 112 000	−4 486 000	−6 411 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	2 105 000	7 047 000	12 445 000	18 289 000
Total Current Assets	30 277 000	34 019 000	30 665 000	35 807 000
Total Assets	32 382 000	41 066 000	43 110 000	54 097 000
Total Retained Equity	2 431 000	3 228 000	4 340 000	−1 165 000
Total Equity	3 441 000	4 238 000	5 350 000	−165 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	28 942 000	36 828 000	37 760 000	54 261 000
Total Equity and Debt	32 382 000	41 066 000	43 110 000	54 097 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	114 315 000	106 838 000	100 138 000	99 486 000
Other Income	0	0	0	0
Revenue	114 315 000	106 838 000	100 138 000	99 486 000
Cost of Goods Sold	72 694 000	69 247 000	68 390 000	65 790 000
Salary Costs	14 030 000	12 425 000	12 085 000	14 340 000
Depreciation	5 637 000	5 607 000	5 742 000	6 024 000
Impairment	0	0	0	0
Expenditure	111 582 000	105 312 000	103 726 000	102 991 000
Operating Profit	2 733 000	1 526 000	−3 588 000	−3 505 000
Financial Income	442 000	462 000	1 074 000	495 000
Financial Costs	2 523 000	1 887 000	1 718 000	3 487 000
Financial Balance	−2 081 000	−1 425 000	−644 000	−2 992 000
Dividends	0	0	0	0
Net Income	−797 000	−1 112 000	−4 486 000	−6 411 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	5 297 000	10 594 000	15 891 000
Total Intangible Assets	922 000	6 027 000	11 247 000	16 958 000
Real Eastate	293 000	281 000	317 000	380 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	890 000	739 000	882 000	951 000
Total Tangible Assets	1 183 000	1 020 000	1 199 000	1 331 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 105 000	7 047 000	12 445 000	18 289 000
Stock	10 650 000	15 195 000	12 925 000	13 244 000
Total Investments	0	0	0	0
Cash, Bank	8 294 000	6 144 000	6 464 000	13 567 000
Total Current Assets	30 277 000	34 019 000	30 665 000	35 807 000
Total Assets	32 382 000	41 066 000	43 110 000	54 097 000
Total Equity	3 441 000	4 238 000	5 350 000	−165 000
Short-Term Group Debt	14 083 000	25 622 000	28 296 000	38 716 000
Total Long-Term Debt	0	0	0	0
Creditors	4 477 000	2 815 000	1 969 000	3 184 000
Unpaid Taxes	5 112 000	5 105 000	5 013 000	7 282 000
Dividends	0	0	0	0
Other Current Debt	2 500 000	2 414 000	2 483 000	4 332 000
Total Current Debt	28 942 000	36 828 000	37 760 000	54 261 000
Total Equity and Debt	32 382 000	41 066 000	43 110 000	54 097 000

Financial indicators	2023	2022	2021	2020
Return on Equity	−23,16 %	−26,24 %	−83,85 %	3 885,45 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	2,39 %	1,43 %	−3,58 %	−3,52 %
Current Ratio	1,05	0,92	0,81	0,66
Quick Ratio	1,66	1,57	1,23	0,87
Equity Ratio	0,11	0,1	0,12	−0
Gross Profit Margin	36,41 %	35,19 %	31,7 %	33,87 %