ADVANTEK ENGINEERING AS

4632 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

1 429,09 %

Current Ratio

0,98

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	68 150 000	52 911 000	48 231 000	64 668 000
Net Income	1 572 000	4 167 000	3 168 000	4 465 000
Total Assets	22 927 000	22 208 000	15 456 000	22 600 000
Total Equity	110 000	268 000	2 688 000	4 565 000

Income (NOK)	2022	2021	2020	2019
Revenue	68 150 000	52 911 000	48 231 000	64 668 000
Expenditure	66 460 000	47 295 000	44 003 000	58 878 000
Operating Profit	1 691 000	5 616 000	4 227 000	5 791 000
Financial Income	550 000	92 000	15 000	14 000
Financial Costs	329 000	356 000	172 000	59 000
Financial Balance	221 000	−264 000	−157 000	−45 000
Earnings Before Tax	1 912 000	5 353 000	4 070 000	5 746 000
Tax	341 000	1 186 000	902 000	1 282 000
Net Income	1 572 000	4 167 000	3 168 000	4 465 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	691 000	622 000	843 000	903 000
Total Current Assets	22 236 000	21 586 000	14 613 000	21 697 000
Total Assets	22 927 000	22 208 000	15 456 000	22 600 000
Total Retained Equity	10 000	168 000	2 588 000	4 465 000
Total Equity	110 000	268 000	2 688 000	4 565 000
Total Long-Term Debt	30 000	0	55 000	70 000
Total Current Debt	22 787 000	21 940 000	12 713 000	17 966 000
Total Equity and Debt	22 927 000	22 208 000	15 456 000	22 600 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	68 257 000	49 702 000	50 846 000	62 677 000
Other Income	−107 000	3 209 000	−2 615 000	1 991 000
Revenue	68 150 000	52 911 000	48 231 000	64 668 000
Cost of Goods Sold	25 186 000	17 011 000	14 553 000	14 297 000
Salary Costs	21 010 000	17 621 000	19 508 000	33 040 000
Depreciation	37 000	37 000	42 000	56 000
Impairment	0	0	0	0
Expenditure	66 460 000	47 295 000	44 003 000	58 878 000
Operating Profit	1 691 000	5 616 000	4 227 000	5 791 000
Financial Income	550 000	92 000	15 000	14 000
Financial Costs	329 000	356 000	172 000	59 000
Financial Balance	221 000	−264 000	−157 000	−45 000
Dividends	0	4 000 000	0	0
Net Income	1 572 000	4 167 000	3 168 000	4 465 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	40 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	31 000	68 000	78 000	98 000
Total Tangible Assets	31 000	68 000	78 000	98 000
Total Fiancial Fixed Assets	660 000	514 000	765 000	805 000
Total Fixed Assets	691 000	622 000	843 000	903 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 963 000	883 000	2 995 000	5 009 000
Total Current Assets	22 236 000	21 586 000	14 613 000	21 697 000
Total Assets	22 927 000	22 208 000	15 456 000	22 600 000
Total Equity	110 000	268 000	2 688 000	4 565 000
Short-Term Group Debt	6 998 000	4 395 000	3 521 000	2 724 000
Total Long-Term Debt	30 000	0	55 000	70 000
Creditors	1 415 000	1 661 000	2 270 000	3 815 000
Unpaid Taxes	3 342 000	2 587 000	1 133 000	4 060 000
Dividends	0	4 000 000	0	0
Other Current Debt	11 032 000	8 016 000	5 037 000	6 064 000
Total Current Debt	22 787 000	21 940 000	12 713 000	17 966 000
Total Equity and Debt	22 927 000	22 208 000	15 456 000	22 600 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 429,09 %	1 554,85 %	117,86 %	97,81 %
Debt-to-Equity Ratio	0,27	0	0,02	0,02
Operating Profit Margin	2,48 %	10,61 %	8,76 %	8,95 %
Current Ratio	0,98	0,98	1,15	1,21
Quick Ratio	0,98	0,98	1,15	1,21
Equity Ratio	0	0,01	0,17	0,2
Gross Profit Margin	63,04 %	67,85 %	69,83 %	77,89 %