AARBAKKE INNOVATION AS

4344 BRYNE

Finances

Return on Equity

−48,3 %

Current Ratio

1,14

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 634 000	47 415 000	39 807 000	38 568 000
Net Income	−9 290 000	−2 584 000	3 517 000	1 507 000
Total Assets	49 861 000	48 991 000	47 402 000	47 246 000
Total Equity	19 235 000	29 998 000	32 582 000	29 065 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 634 000	47 415 000	39 807 000	38 568 000
Expenditure	61 564 000	49 955 000	36 769 000	30 283 000
Operating Profit	−8 930 000	−2 540 000	3 038 000	8 284 000
Financial Income	118 000	149 000	994 000	3 867 000
Financial Costs	478 000	192 000	515 000	10 644 000
Financial Balance	−360 000	−43 000	479 000	−6 777 000
Earnings Before Tax	−9 290 000	−2 584 000	3 517 000	1 507 000
Tax	0	0	0	0
Net Income	−9 290 000	−2 584 000	3 517 000	1 507 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 515 000	16 355 000	15 648 000	13 591 000
Total Current Assets	32 346 000	32 636 000	31 754 000	33 655 000
Total Assets	49 861 000	48 991 000	47 402 000	47 246 000
Total Retained Equity	9 122 000	18 412 000	20 995 000	17 479 000
Total Equity	19 235 000	29 998 000	32 582 000	29 065 000
Total Long-Term Debt	2 275 000	3 575 000	4 875 000	6 175 000
Total Current Debt	28 351 000	15 417 000	9 945 000	12 005 000
Total Equity and Debt	49 861 000	48 991 000	47 402 000	47 246 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	52 634 000	45 841 000	39 727 000	38 389 000
Other Income	0	1 573 000	80 000	179 000
Revenue	52 634 000	47 415 000	39 807 000	38 568 000
Cost of Goods Sold	12 351 000	14 284 000	3 990 000	3 210 000
Salary Costs	35 259 000	26 390 000	22 364 000	18 772 000
Depreciation	2 017 000	1 720 000	1 576 000	893 000
Impairment	0	0	0	0
Expenditure	61 564 000	49 955 000	36 769 000	30 283 000
Operating Profit	−8 930 000	−2 540 000	3 038 000	8 284 000
Financial Income	118 000	149 000	994 000	3 867 000
Financial Costs	478 000	192 000	515 000	10 644 000
Financial Balance	−360 000	−43 000	479 000	−6 777 000
Dividends	0	0	0	0
Net Income	−9 290 000	−2 584 000	3 517 000	1 507 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	1 473 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	3 280 000	4 054 000	5 006 000	6 436 000
Fixtures	708 000	889 000	394 000	227 000
Total Tangible Assets	3 988 000	4 943 000	5 400 000	6 663 000
Total Fiancial Fixed Assets	13 527 000	9 939 000	10 247 000	6 928 000
Total Fixed Assets	17 515 000	16 355 000	15 648 000	13 591 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 655 000	16 122 000	18 855 000	19 200 000
Total Current Assets	32 346 000	32 636 000	31 754 000	33 655 000
Total Assets	49 861 000	48 991 000	47 402 000	47 246 000
Total Equity	19 235 000	29 998 000	32 582 000	29 065 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 275 000	3 575 000	4 875 000	6 175 000
Creditors	6 786 000	3 055 000	2 529 000	1 743 000
Unpaid Taxes	4 397 000	4 756 000	3 009 000	3 184 000
Dividends	0	0	0	0
Other Current Debt	12 718 000	7 606 000	4 407 000	7 078 000
Total Current Debt	28 351 000	15 417 000	9 945 000	12 005 000
Total Equity and Debt	49 861 000	48 991 000	47 402 000	47 246 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−48,3 %	−8,61 %	10,79 %	5,18 %
Debt-to-Equity Ratio	0,12	0,12	0,15	0,21
Operating Profit Margin	−16,97 %	−5,36 %	7,63 %	21,48 %
Current Ratio	1,14	2,12	3,19	2,8
Quick Ratio	1,14	2,12	3,19	2,8
Equity Ratio	0,39	0,61	0,69	0,62
Gross Profit Margin	76,53 %	69,87 %	89,98 %	91,68 %