ÅFJORDDALEN UTVIKLINGSSELSKAP AS

6953 LEIRVIK I SOGN

Finances

Share Ownership

Return on Equity

15,69 %

Current Ratio

8,79

Debt-to-Equity Ratio

2,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	402 000	376 000	416 000	500 000
Net Income	64 000	79 000	36 000	87 000
Total Assets	1 493 000	1 471 000	1 512 000	1 556 000
Total Equity	408 000	344 000	265 000	229 000

Income (NOK)	2022	2021	2020	2019
Revenue	402 000	376 000	416 000	500 000
Expenditure	245 000	239 000	295 000	323 000
Operating Profit	157 000	138 000	121 000	177 000
Financial Income	3 000	3 000	3 000	0
Financial Costs	71 000	62 000	66 000	65 000
Financial Balance	−68 000	−59 000	−63 000	−65 000
Earnings Before Tax	89 000	79 000	58 000	112 000
Tax	25 000	0	21 000	25 000
Net Income	64 000	79 000	36 000	87 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 282 000	1 316 000	1 125 000	1 194 000
Total Current Assets	211 000	156 000	388 000	361 000
Total Assets	1 493 000	1 471 000	1 512 000	1 556 000
Total Retained Equity	258 000	194 000	115 000	79 000
Total Equity	408 000	344 000	265 000	229 000
Total Long-Term Debt	1 061 000	1 103 000	1 171 000	1 235 000
Total Current Debt	24 000	24 000	76 000	91 000
Total Equity and Debt	1 493 000	1 471 000	1 512 000	1 556 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	402 000	376 000	416 000	500 000
Other Income	0	0	0	0
Revenue	402 000	376 000	416 000	500 000
Cost of Goods Sold	0	0	0	0
Salary Costs	22 000	22 000	29 000	40 000
Depreciation	79 000	81 000	70 000	70 000
Impairment	0	0	0	0
Expenditure	245 000	239 000	295 000	323 000
Operating Profit	157 000	138 000	121 000	177 000
Financial Income	3 000	3 000	3 000	0
Financial Costs	71 000	62 000	66 000	65 000
Financial Balance	−68 000	−59 000	−63 000	−65 000
Dividends	0	0	0	0
Net Income	64 000	79 000	36 000	87 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 282 000	1 316 000	1 125 000	1 194 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 282 000	1 316 000	1 125 000	1 194 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 282 000	1 316 000	1 125 000	1 194 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	168 000	91 000	330 000	263 000
Total Current Assets	211 000	156 000	388 000	361 000
Total Assets	1 493 000	1 471 000	1 512 000	1 556 000
Total Equity	408 000	344 000	265 000	229 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 061 000	1 103 000	1 171 000	1 235 000
Creditors	11 000	23 000	46 000	34 000
Unpaid Taxes	11 000	0	6 000	17 000
Dividends	0	0	0	0
Other Current Debt	2 000	1 000	2 000	16 000
Total Current Debt	24 000	24 000	76 000	91 000
Total Equity and Debt	1 493 000	1 471 000	1 512 000	1 556 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,69 %	22,97 %	13,58 %	37,99 %
Debt-to-Equity Ratio	2,6	3,21	4,42	5,39
Operating Profit Margin	39,05 %	36,7 %	29,09 %	35,4 %
Current Ratio	8,79	6,5	5,11	3,97
Quick Ratio	8,79	6,5	5,11	3,97
Equity Ratio	0,27	0,23	0,18	0,15
Gross Profit Margin	100 %	100 %	100 %	100 %