ACE WELL TECHNOLOGY AS

4072 RANDABERG

Finances

Return on Equity

1,11 %

Current Ratio

2,3

Debt-to-Equity Ratio

0,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	44 445 000	20 417 000	44 040 000	53 033 000
Net Income	284 000	−14 766 000	2 997 000	1 904 000
Total Assets	59 845 000	34 845 000	47 468 000	52 965 000
Total Equity	25 545 000	14 241 000	29 007 000	26 010 000

Income (NOK)	2022	2021	2020	2019
Revenue	44 445 000	20 417 000	44 040 000	53 033 000
Expenditure	44 460 000	34 699 000	40 846 000	49 956 000
Operating Profit	−15 000	−14 283 000	3 194 000	3 076 000
Financial Income	2 939 000	1 001 000	4 602 000	1 025 000
Financial Costs	2 641 000	1 484 000	3 953 000	1 720 000
Financial Balance	298 000	−483 000	649 000	−695 000
Earnings Before Tax	284 000	−14 766 000	3 843 000	2 382 000
Tax	0	0	845 000	477 000
Net Income	284 000	−14 766 000	2 997 000	1 904 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 396 000	8 861 000	9 789 000	10 569 000
Total Current Assets	49 449 000	25 984 000	37 679 000	42 396 000
Total Assets	59 845 000	34 845 000	47 468 000	52 965 000
Total Retained Equity	0	0	0	−29 946 000
Total Equity	25 545 000	14 241 000	29 007 000	26 010 000
Total Long-Term Debt	12 808 000	4 808 000	6 375 000	7 158 000
Total Current Debt	21 492 000	15 796 000	12 086 000	19 797 000
Total Equity and Debt	59 845 000	34 845 000	47 468 000	52 965 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	44 445 000	20 417 000	44 040 000	53 033 000
Other Income	0	0	0	0
Revenue	44 445 000	20 417 000	44 040 000	53 033 000
Cost of Goods Sold	15 248 000	9 515 000	16 935 000	18 911 000
Salary Costs	14 154 000	9 927 000	10 877 000	10 029 000
Depreciation	2 119 000	2 844 000	2 641 000	2 803 000
Impairment	163 000	0	0	535 000
Expenditure	44 460 000	34 699 000	40 846 000	49 956 000
Operating Profit	−15 000	−14 283 000	3 194 000	3 076 000
Financial Income	2 939 000	1 001 000	4 602 000	1 025 000
Financial Costs	2 641 000	1 484 000	3 953 000	1 720 000
Financial Balance	298 000	−483 000	649 000	−695 000
Dividends	0	0	0	0
Net Income	284 000	−14 766 000	2 997 000	1 904 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 218 000	7 451 000	8 137 000	8 983 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 158 000	1 366 000	1 534 000	0
Fixtures	19 000	44 000	118 000	1 586 000
Total Tangible Assets	1 178 000	1 410 000	1 652 000	1 586 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 396 000	8 861 000	9 789 000	10 569 000
Stock	20 862 000	20 073 000	20 662 000	21 610 000
Total Investments	0	0	0	0
Cash, Bank	18 876 000	2 792 000	2 920 000	3 158 000
Total Current Assets	49 449 000	25 984 000	37 679 000	42 396 000
Total Assets	59 845 000	34 845 000	47 468 000	52 965 000
Total Equity	25 545 000	14 241 000	29 007 000	26 010 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 808 000	4 808 000	6 375 000	7 158 000
Creditors	11 329 000	4 081 000	2 077 000	7 006 000
Unpaid Taxes	1 230 000	540 000	903 000	840 000
Dividends	0	0	0	0
Other Current Debt	8 934 000	6 490 000	6 042 000	11 950 000
Total Current Debt	21 492 000	15 796 000	12 086 000	19 797 000
Total Equity and Debt	59 845 000	34 845 000	47 468 000	52 965 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,11 %	−103,69 %	10,33 %	7,32 %
Debt-to-Equity Ratio	0,5	0,34	0,22	0,28
Operating Profit Margin	−0,03 %	−69,96 %	7,25 %	5,8 %
Current Ratio	2,3	1,64	3,12	2,14
Quick Ratio	78,49	−6,08	−4,39	−23,38
Equity Ratio	0,43	0,41	0,61	0,49
Gross Profit Margin	65,69 %	53,4 %	61,55 %	64,34 %