ÅRE NORGE AS

1630 GAMLE FREDRIKSTAD

Finances

Share Ownership

Return on Equity

−14,19 %

Current Ratio

0,7

Debt-to-Equity Ratio

−0,54

Key figures (NOK)	2018	2017	2016	2015
Revenue	242 961 000	246 567 000	225 680 000	23 447 000
Net Income	3 533 000	−8 015 000	−6 474 000	11 230 000
Total Assets	60 115 000	54 646 000	43 059 000	14 991 000
Total Equity	−24 894 000	−28 427 000	−36 413 000	−20 956 000

Income (NOK)	2018	2017	2016	2015
Revenue	242 961 000	246 567 000	225 680 000	23 447 000
Expenditure	237 814 000	253 965 000	228 293 000	12 151 000
Operating Profit	5 148 000	−7 399 000	−2 613 000	11 297 000
Financial Income	380 000	2 954 000	811 000	39 000
Financial Costs	2 035 000	2 324 000	2 650 000	1 831 000
Financial Balance	−1 655 000	630 000	−1 839 000	−1 792 000
Earnings Before Tax	3 492 000	−6 769 000	−4 453 000	9 505 000
Tax	−41 000	1 246 000	2 022 000	−1 725 000
Net Income	3 533 000	−8 015 000	−6 474 000	11 230 000

Balance (NOK)	2018	2017	2016	2015
Total Fixed Assets	9 980 000	8 258 000	6 654 000	4 044 000
Total Current Assets	50 135 000	46 388 000	36 405 000	10 947 000
Total Assets	60 115 000	54 646 000	43 059 000	14 991 000
Total Retained Equity	−42 494 000	−46 027 000	−38 013 000	−22 556 000
Total Equity	−24 894 000	−28 427 000	−36 413 000	−20 956 000
Total Long-Term Debt	13 498 000	13 281 000	19 335 000	19 153 000
Total Current Debt	71 511 000	69 793 000	60 137 000	16 794 000
Total Equity and Debt	60 115 000	54 646 000	43 059 000	14 991 000

Cash flow (NOK)	2018	2017	2016	2015
Sales Income	232 065 000	245 894 000	224 373 000	0
Other Income	10 896 000	673 000	1 307 000	23 447 000
Revenue	242 961 000	246 567 000	225 680 000	23 447 000
Cost of Goods Sold	114 793 000	125 399 000	110 729 000	976 000
Salary Costs	69 548 000	71 172 000	65 428 000	5 183 000
Depreciation	2 169 000	1 805 000	2 136 000	908 000
Impairment	0	0	0	0
Expenditure	237 814 000	253 965 000	228 293 000	12 151 000
Operating Profit	5 148 000	−7 399 000	−2 613 000	11 297 000
Financial Income	380 000	2 954 000	811 000	39 000
Financial Costs	2 035 000	2 324 000	2 650 000	1 831 000
Financial Balance	−1 655 000	630 000	−1 839 000	−1 792 000
Dividends	0	0	0	0
Net Income	3 533 000	−8 015 000	−6 474 000	11 230 000

Balance details (NOK)	2018	2017	2016	2015
Goodwill	0	0	0	0
Total Intangible Assets	72 000	78 000	441 000	1 725 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 906 000	5 238 000	3 690 000	618 000
Total Tangible Assets	6 906 000	5 238 000	3 690 000	618 000
Total Fiancial Fixed Assets	3 002 000	2 942 000	2 523 000	1 701 000
Total Fixed Assets	9 980 000	8 258 000	6 654 000	4 044 000
Stock	23 813 000	19 592 000	19 651 000	0
Total Investments	0	0	0	0
Cash, Bank	2 324 000	4 178 000	3 028 000	786 000
Total Current Assets	50 135 000	46 388 000	36 405 000	10 947 000
Total Assets	60 115 000	54 646 000	43 059 000	14 991 000
Total Equity	−24 894 000	−28 427 000	−36 413 000	−20 956 000
Short-Term Group Debt	0	0	0	1 308 000
Total Long-Term Debt	13 498 000	13 281 000	19 335 000	19 153 000
Creditors	17 619 000	15 292 000	16 062 000	4 083 000
Unpaid Taxes	19 124 000	13 332 000	8 668 000	931 000
Dividends	0	0	0	0
Other Current Debt	29 570 000	30 049 000	26 721 000	1 470 000
Total Current Debt	71 511 000	69 793 000	60 137 000	16 794 000
Total Equity and Debt	60 115 000	54 646 000	43 059 000	14 991 000

Financial indicators	2018	2017	2016	2015
Return on Equity	−14,19 %	28,2 %	17,78 %	−53,59 %
Debt-to-Equity Ratio	−0,54	−0,47	−0,53	−0,91
Operating Profit Margin	2,12 %	−3 %	−1,16 %	48,18 %
Current Ratio	0,7	0,66	0,61	0,65
Quick Ratio	1,05	0,92	0,9	0,65
Equity Ratio	−0,41	−0,52	−0,85	−1,4
Gross Profit Margin	52,75 %	49,14 %	50,94 %	95,84 %