AZECO AS

6524 FREI

Finances

Return on Equity

−663,71 %

Current Ratio

1,14

Debt-to-Equity Ratio

0,73

Key figures (NOK)	2022	2021	2020	2019
Revenue	797 000	824 000	987 000	1 571 000
Net Income	−823 000	252 000	367 000	−240 000
Total Assets	352 000	1 490 000	1 314 000	447 000
Total Equity	124 000	947 000	695 000	328 000

Income (NOK)	2022	2021	2020	2019
Revenue	797 000	824 000	987 000	1 571 000
Expenditure	1 362 000	947 000	599 000	1 821 000
Operating Profit	−565 000	−124 000	388 000	−249 000
Financial Income	56 000	527 000	31 000	12 000
Financial Costs	314 000	80 000	16 000	3 000
Financial Balance	−258 000	447 000	15 000	9 000
Earnings Before Tax	−823 000	323 000	403 000	−240 000
Tax	0	71 000	36 000	0
Net Income	−823 000	252 000	367 000	−240 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	196 000	520 000	702 000	243 000
Total Current Assets	156 000	970 000	611 000	205 000
Total Assets	352 000	1 490 000	1 314 000	447 000
Total Retained Equity	94 000	917 000	665 000	298 000
Total Equity	124 000	947 000	695 000	328 000
Total Long-Term Debt	91 000	309 000	527 000	0
Total Current Debt	137 000	234 000	91 000	120 000
Total Equity and Debt	352 000	1 490 000	1 314 000	447 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	797 000	824 000	987 000	1 571 000
Other Income	0	0	0	0
Revenue	797 000	824 000	987 000	1 571 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	665 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 362 000	947 000	599 000	1 821 000
Operating Profit	−565 000	−124 000	388 000	−249 000
Financial Income	56 000	527 000	31 000	12 000
Financial Costs	314 000	80 000	16 000	3 000
Financial Balance	−258 000	447 000	15 000	9 000
Dividends	0	0	0	0
Net Income	−823 000	252 000	367 000	−240 000

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	196 000	520 000	702 000	243 000
Total Fixed Assets	196 000	520 000	702 000	243 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	27 000	2 000	414 000	76 000
Total Current Assets	156 000	970 000	611 000	205 000
Total Assets	352 000	1 490 000	1 314 000	447 000
Total Equity	124 000	947 000	695 000	328 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	91 000	309 000	527 000	0
Creditors	113 000	111 000	0	0
Unpaid Taxes	24 000	58 000	62 000	55 000
Dividends	0	0	0	0
Other Current Debt	0	7 000	7 000	78 000
Total Current Debt	137 000	234 000	91 000	120 000
Total Equity and Debt	352 000	1 490 000	1 314 000	447 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−663,71 %	26,61 %	52,81 %	−73,17 %
Debt-to-Equity Ratio	0,73	0,33	0,76	0
Operating Profit Margin	−70,89 %	−15,05 %	39,31 %	−15,85 %
Current Ratio	1,14	4,15	6,71	1,71
Quick Ratio	1,14	4,15	6,71	1,71
Equity Ratio	0,35	0,64	0,53	0,73
Gross Profit Margin	100 %	100 %	100 %	100 %