AREA BYGG AS

3159 MELSOMVIK

Finances

Share Ownership

Return on Equity

24,42 %

Current Ratio

1,56

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 294 000	14 812 000	13 388 000	9 010 000
Net Income	512 000	868 000	1 279 000	223 000
Total Assets	4 584 000	2 612 000	8 443 000	2 944 000
Total Equity	2 097 000	2 112 000	1 244 000	465 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 294 000	14 812 000	13 388 000	9 010 000
Expenditure	10 616 000	13 679 000	11 729 000	8 715 000
Operating Profit	678 000	1 134 000	1 660 000	295 000
Financial Income	1 000	2 000	0	0
Financial Costs	14 000	19 000	21 000	9 000
Financial Balance	−13 000	−17 000	−21 000	−9 000
Earnings Before Tax	665 000	1 117 000	1 639 000	287 000
Tax	153 000	249 000	361 000	63 000
Net Income	512 000	868 000	1 279 000	223 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 020 000	778 000	559 000	85 000
Total Current Assets	3 564 000	1 835 000	7 884 000	2 859 000
Total Assets	4 584 000	2 612 000	8 443 000	2 944 000
Total Retained Equity	1 997 000	2 012 000	1 144 000	365 000
Total Equity	2 097 000	2 112 000	1 244 000	465 000
Total Long-Term Debt	199 000	298 000	630 000	772 000
Total Current Debt	2 288 000	202 000	6 569 000	1 707 000
Total Equity and Debt	4 584 000	2 612 000	8 443 000	2 944 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 226 000	14 812 000	13 388 000	9 010 000
Other Income	68 000	0	0	0
Revenue	11 294 000	14 812 000	13 388 000	9 010 000
Cost of Goods Sold	5 692 000	8 737 000	7 231 000	5 551 000
Salary Costs	3 717 000	3 623 000	3 231 000	2 295 000
Depreciation	236 000	204 000	95 000	90 000
Impairment	0	0	0	0
Expenditure	10 616 000	13 679 000	11 729 000	8 715 000
Operating Profit	678 000	1 134 000	1 660 000	295 000
Financial Income	1 000	2 000	0	0
Financial Costs	14 000	19 000	21 000	9 000
Financial Balance	−13 000	−17 000	−21 000	−9 000
Dividends	0	0	500 000	0
Net Income	512 000	868 000	1 279 000	223 000

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	455 000	414 000	86 000	42 000
Fixtures	564 000	296 000	387 000	42 000
Total Tangible Assets	1 019 000	777 000	559 000	84 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	1 020 000	778 000	559 000	85 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	197 000	514 000	5 769 000	235 000
Total Current Assets	3 564 000	1 835 000	7 884 000	2 859 000
Total Assets	4 584 000	2 612 000	8 443 000	2 944 000
Total Equity	2 097 000	2 112 000	1 244 000	465 000
Short-Term Group Debt	676 000	−2 500 000	374 000	424 000
Total Long-Term Debt	199 000	298 000	630 000	772 000
Creditors	430 000	434 000	1 072 000	396 000
Unpaid Taxes	263 000	756 000	910 000	406 000
Dividends	0	0	500 000	0
Other Current Debt	866 000	981 000	3 713 000	481 000
Total Current Debt	2 288 000	202 000	6 569 000	1 707 000
Total Equity and Debt	4 584 000	2 612 000	8 443 000	2 944 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,42 %	41,1 %	102,81 %	47,96 %
Debt-to-Equity Ratio	0,09	0,14	0,51	1,66
Operating Profit Margin	6 %	7,66 %	12,4 %	3,27 %
Current Ratio	1,56	9,08	1,2	1,67
Quick Ratio	1,56	9,08	1,2	1,67
Equity Ratio	0,46	0,81	0,15	0,16
Gross Profit Margin	49,6 %	41,01 %	45,99 %	38,39 %