AVANADE NORWAY AS

0158 OSLO

Finances

Share Ownership

Return on Equity

91,38 %

Current Ratio

1,3

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	272 138 000	192 218 000	168 155 000	193 451 000
Net Income	19 735 000	13 056 000	5 628 000	12 012 000
Total Assets	103 356 000	90 143 000	102 260 000	173 032 000
Total Equity	21 597 000	17 862 000	20 806 000	46 178 000

Income (NOK)	2022	2021	2020	2019
Revenue	272 138 000	192 218 000	168 155 000	193 451 000
Expenditure	247 626 000	175 246 000	161 574 000	179 524 000
Operating Profit	24 512 000	16 972 000	6 581 000	13 928 000
Financial Income	3 091 000	1 856 000	3 031 000	3 089 000
Financial Costs	2 297 000	2 034 000	2 315 000	1 512 000
Financial Balance	794 000	−178 000	716 000	1 577 000
Earnings Before Tax	25 306 000	16 794 000	7 297 000	15 505 000
Tax	5 571 000	3 738 000	1 669 000	3 494 000
Net Income	19 735 000	13 056 000	5 628 000	12 012 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 635 000	1 905 000	1 020 000	1 087 000
Total Current Assets	100 720 000	88 238 000	101 239 000	171 945 000
Total Assets	103 356 000	90 143 000	102 260 000	173 032 000
Total Retained Equity	19 797 000	16 062 000	19 006 000	44 378 000
Total Equity	21 597 000	17 862 000	20 806 000	46 178 000
Total Long-Term Debt	4 249 000	5 763 000	2 324 000	1 671 000
Total Current Debt	77 510 000	66 518 000	79 129 000	125 183 000
Total Equity and Debt	103 356 000	90 143 000	102 260 000	173 032 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	272 138 000	192 218 000	168 155 000	193 451 000
Other Income	0	0	0	0
Revenue	272 138 000	192 218 000	168 155 000	193 451 000
Cost of Goods Sold	71 759 000	48 538 000	55 476 000	62 299 000
Salary Costs	150 161 000	108 192 000	98 000 000	95 268 000
Depreciation	964 000	427 000	488 000	488 000
Impairment	0	0	0	0
Expenditure	247 626 000	175 246 000	161 574 000	179 524 000
Operating Profit	24 512 000	16 972 000	6 581 000	13 928 000
Financial Income	3 091 000	1 856 000	3 031 000	3 089 000
Financial Costs	2 297 000	2 034 000	2 315 000	1 512 000
Financial Balance	794 000	−178 000	716 000	1 577 000
Dividends	16 000 000	16 000 000	31 000 000	80 000 000
Net Income	19 735 000	13 056 000	5 628 000	12 012 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 080 000	1 411 000	668 000	517 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 555 000	494 000	353 000	570 000
Total Tangible Assets	1 555 000	494 000	353 000	570 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 635 000	1 905 000	1 020 000	1 087 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 833 000	5 813 000	4 482 000	18 637 000
Total Current Assets	100 720 000	88 238 000	101 239 000	171 945 000
Total Assets	103 356 000	90 143 000	102 260 000	173 032 000
Total Equity	21 597 000	17 862 000	20 806 000	46 178 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 249 000	5 763 000	2 324 000	1 671 000
Creditors	14 298 000	16 979 000	18 556 000	14 092 000
Unpaid Taxes	19 183 000	13 611 000	13 325 000	11 739 000
Dividends	16 000 000	16 000 000	31 000 000	80 000 000
Other Current Debt	38 789 000	31 449 000	43 653 000	95 799 000
Total Current Debt	77 510 000	66 518 000	79 129 000	125 183 000
Total Equity and Debt	103 356 000	90 143 000	102 260 000	173 032 000

Financial indicators	2022	2021	2020	2019
Return on Equity	91,38 %	73,09 %	27,05 %	26,01 %
Debt-to-Equity Ratio	0,2	0,32	0,11	0,04
Operating Profit Margin	9,01 %	8,83 %	3,91 %	7,2 %
Current Ratio	1,3	1,33	1,28	1,37
Quick Ratio	1,3	1,33	1,28	1,37
Equity Ratio	0,21	0,2	0,2	0,27
Gross Profit Margin	73,63 %	74,75 %	67,01 %	67,8 %