AVANTAS AS

7011 TRONDHEIM

Finances

Return on Equity

−73,73 %

Current Ratio

0,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 180 000	11 413 000	9 973 000	15 192 000
Net Income	−2 838 000	227 000	−5 851 000	527 000
Total Assets	12 825 000	11 502 000	11 717 000	18 758 000
Total Equity	3 849 000	6 687 000	6 460 000	12 311 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 180 000	11 413 000	9 973 000	15 192 000
Expenditure	10 937 000	11 063 000	9 766 000	14 480 000
Operating Profit	244 000	349 000	207 000	711 000
Financial Income	0	1 000	28 000	3 000
Financial Costs	3 034 000	27 000	6 038 000	38 000
Financial Balance	−3 034 000	−26 000	−6 010 000	−35 000
Earnings Before Tax	−2 790 000	323 000	−5 804 000	677 000
Tax	48 000	96 000	47 000	150 000
Net Income	−2 838 000	227 000	−5 851 000	527 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 952 000	9 035 000	9 078 000	15 185 000
Total Current Assets	6 872 000	2 467 000	2 639 000	3 573 000
Total Assets	12 825 000	11 502 000	11 717 000	18 758 000
Total Retained Equity	0	227 000	0	0
Total Equity	3 849 000	6 687 000	6 460 000	12 311 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	8 976 000	4 815 000	5 257 000	6 447 000
Total Equity and Debt	12 825 000	11 502 000	11 717 000	18 758 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 180 000	11 358 000	9 844 000	15 192 000
Other Income	0	55 000	129 000	0
Revenue	11 180 000	11 413 000	9 973 000	15 192 000
Cost of Goods Sold	3 781 000	3 925 000	2 660 000	4 286 000
Salary Costs	5 311 000	5 384 000	5 061 000	7 319 000
Depreciation	12 000	29 000	50 000	50 000
Impairment	0	0	0	0
Expenditure	10 937 000	11 063 000	9 766 000	14 480 000
Operating Profit	244 000	349 000	207 000	711 000
Financial Income	0	1 000	28 000	3 000
Financial Costs	3 034 000	27 000	6 038 000	38 000
Financial Balance	−3 034 000	−26 000	−6 010 000	−35 000
Dividends	0	0	0	0
Net Income	−2 838 000	227 000	−5 851 000	527 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 947 000	3 025 000	3 039 000	3 086 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	29 000	79 000
Total Tangible Assets	0	0	29 000	79 000
Total Fiancial Fixed Assets	3 005 000	6 010 000	6 010 000	12 020 000
Total Fixed Assets	5 952 000	9 035 000	9 078 000	15 185 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	345 000	347 000	336 000	430 000
Total Current Assets	6 872 000	2 467 000	2 639 000	3 573 000
Total Assets	12 825 000	11 502 000	11 717 000	18 758 000
Total Equity	3 849 000	6 687 000	6 460 000	12 311 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	417 000	551 000	669 000	745 000
Unpaid Taxes	744 000	796 000	561 000	964 000
Dividends	0	0	0	0
Other Current Debt	1 060 000	952 000	896 000	1 138 000
Total Current Debt	8 976 000	4 815 000	5 257 000	6 447 000
Total Equity and Debt	12 825 000	11 502 000	11 717 000	18 758 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−73,73 %	3,39 %	−90,57 %	4,28 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,18 %	3,06 %	2,08 %	4,68 %
Current Ratio	0,77	0,51	0,5	0,55
Quick Ratio	0,77	0,51	0,5	0,55
Equity Ratio	0,3	0,58	0,55	0,66
Gross Profit Margin	66,18 %	65,61 %	73,33 %	71,79 %