ADVISORWEST AS

5309 KLEPPESTØ

Finances

Share Ownership

Return on Equity

10,25 %

Current Ratio

1,34

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 931 000	4 747 000	2 581 000	2 172 000
Net Income	85 000	570 000	44 000	50 000
Total Assets	2 117 000	1 932 000	637 000	801 000
Total Equity	829 000	744 000	252 000	109 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 931 000	4 747 000	2 581 000	2 172 000
Expenditure	6 819 000	3 996 000	2 514 000	2 111 000
Operating Profit	111 000	752 000	66 000	62 000
Financial Income	0	0	0	4 000
Financial Costs	0	28 000	0	0
Financial Balance	0	−28 000	0	4 000
Earnings Before Tax	111 000	724 000	66 000	65 000
Tax	25 000	154 000	22 000	16 000
Net Income	85 000	570 000	44 000	50 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	486 000	486 000	20 000	20 000
Total Current Assets	1 630 000	1 446 000	617 000	781 000
Total Assets	2 117 000	1 932 000	637 000	801 000
Total Retained Equity	799 000	714 000	222 000	79 000
Total Equity	829 000	744 000	252 000	109 000
Total Long-Term Debt	71 000	9 000	0	0
Total Current Debt	1 217 000	1 180 000	385 000	691 000
Total Equity and Debt	2 117 000	1 932 000	637 000	801 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 774 000	4 747 000	2 581 000	2 094 000
Other Income	156 000	0	0	78 000
Revenue	6 931 000	4 747 000	2 581 000	2 172 000
Cost of Goods Sold	1 311 000	968 000	560 000	308 000
Salary Costs	3 738 000	1 869 000	1 083 000	1 236 000
Depreciation	50 000	18 000	0	0
Impairment	0	0	0	0
Expenditure	6 819 000	3 996 000	2 514 000	2 111 000
Operating Profit	111 000	752 000	66 000	62 000
Financial Income	0	0	0	4 000
Financial Costs	0	28 000	0	0
Financial Balance	0	−28 000	0	4 000
Dividends	0	0	0	0
Net Income	85 000	570 000	44 000	50 000

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	0	0	0	0
Fixtures	183 000	233 000	0	0
Total Tangible Assets	183 000	233 000	0	0
Total Fiancial Fixed Assets	304 000	254 000	20 000	20 000
Total Fixed Assets	486 000	486 000	20 000	20 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	624 000	837 000	98 000	176 000
Total Current Assets	1 630 000	1 446 000	617 000	781 000
Total Assets	2 117 000	1 932 000	637 000	801 000
Total Equity	829 000	744 000	252 000	109 000
Short-Term Group Debt	0	99 000	0	25 000
Total Long-Term Debt	71 000	9 000	0	0
Creditors	205 000	455 000	101 000	83 000
Unpaid Taxes	403 000	243 000	272 000	280 000
Dividends	0	0	0	0
Other Current Debt	435 000	176 000	−38 000	252 000
Total Current Debt	1 217 000	1 180 000	385 000	691 000
Total Equity and Debt	2 117 000	1 932 000	637 000	801 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,25 %	76,61 %	17,46 %	45,87 %
Debt-to-Equity Ratio	0,09	0,01	0	0
Operating Profit Margin	1,6 %	15,84 %	2,56 %	2,85 %
Current Ratio	1,34	1,23	1,6	1,13
Quick Ratio	1,34	1,23	1,6	1,13
Equity Ratio	0,39	0,39	0,4	0,14
Gross Profit Margin	81,08 %	79,61 %	78,3 %	85,82 %