PROGRESSIONOR AS

6017 ÅLESUND

Finances

Share Ownership

Return on Equity

77,61 %

Current Ratio

2,24

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 410 000	169 000	465 000	84 231 000
Net Income	818 000	−42 000	−274 000	−1 396 000
Total Assets	1 903 000	1 816 000	382 000	10 266 000
Total Equity	1 054 000	236 000	277 000	−871 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 410 000	169 000	465 000	84 231 000
Expenditure	407 000	176 000	131 000	85 503 000
Operating Profit	1 003 000	−7 000	334 000	−1 272 000
Financial Income	0	0	0	47 000
Financial Costs	0	0	534 000	13 000
Financial Balance	0	0	−534 000	34 000
Earnings Before Tax	1 003 000	−7 000	−200 000	−1 238 000
Tax	184 000	35 000	73 000	157 000
Net Income	818 000	−42 000	−274 000	−1 396 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 903 000	1 816 000	382 000	10 266 000
Total Assets	1 903 000	1 816 000	382 000	10 266 000
Total Retained Equity	548 000	−270 000	−228 000	−1 376 000
Total Equity	1 054 000	236 000	277 000	−871 000
Total Long-Term Debt	0	165 000	0	0
Total Current Debt	849 000	1 416 000	105 000	11 137 000
Total Equity and Debt	1 903 000	1 816 000	382 000	10 266 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 238 000	169 000	465 000	75 761 000
Other Income	172 000	0	0	8 470 000
Revenue	1 410 000	169 000	465 000	84 231 000
Cost of Goods Sold	356 000	0	0	38 827 000
Salary Costs	0	0	0	27 403 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	407 000	176 000	131 000	85 503 000
Operating Profit	1 003 000	−7 000	334 000	−1 272 000
Financial Income	0	0	0	47 000
Financial Costs	0	0	534 000	13 000
Financial Balance	0	0	−534 000	34 000
Dividends	0	0	0	300 000
Net Income	818 000	−42 000	−274 000	−1 396 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	5 097 000
Total Investments	1 600 000	1 600 000	0	204 000
Cash, Bank	46 000	216 000	382 000	3 940 000
Total Current Assets	1 903 000	1 816 000	382 000	10 266 000
Total Assets	1 903 000	1 816 000	382 000	10 266 000
Total Equity	1 054 000	236 000	277 000	−871 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	165 000	0	0
Creditors	0	0	0	4 419 000
Unpaid Taxes	51 000	0	0	2 103 000
Dividends	0	0	0	300 000
Other Current Debt	613 000	1 381 000	32 000	4 214 000
Total Current Debt	849 000	1 416 000	105 000	11 137 000
Total Equity and Debt	1 903 000	1 816 000	382 000	10 266 000

Financial indicators	2022	2021	2020	2019
Return on Equity	77,61 %	−17,8 %	−98,92 %	160,28 %
Debt-to-Equity Ratio	0	0,7	0	−0
Operating Profit Margin	71,13 %	−4,14 %	71,83 %	−1,51 %
Current Ratio	2,24	1,28	3,64	0,92
Quick Ratio	2,24	1,28	3,64	1,7
Equity Ratio	0,55	0,13	0,73	−0,08
Gross Profit Margin	74,75 %	100 %	100 %	53,9 %