ADVELA AS

0250 OSLO

Finances

Share Ownership

Return on Equity

60,16 %

Current Ratio

3,04

Debt-to-Equity Ratio

−1,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	400 000	272 000	8 000	0
Net Income	−755 000	−28 000	−198 000	−116 000
Total Assets	250 000	244 000	60 000	89 000
Total Equity	−1 255 000	−389 000	−358 000	−160 000

Income (NOK)	2022	2021	2020	2019
Revenue	400 000	272 000	8 000	0
Expenditure	1 129 000	406 000	206 000	116 000
Operating Profit	−729 000	−134 000	−198 000	−116 000
Financial Income	0	0	0	0
Financial Costs	26 000	5 000	0	0
Financial Balance	−26 000	−5 000	0	0
Earnings Before Tax	−755 000	−139 000	−198 000	−116 000
Tax	0	−111 000	0	0
Net Income	−755 000	−28 000	−198 000	−116 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	40 000	132 000	12 000	52 000
Total Current Assets	210 000	113 000	48 000	37 000
Total Assets	250 000	244 000	60 000	89 000
Total Retained Equity	−1 285 000	−419 000	−388 000	−190 000
Total Equity	−1 255 000	−389 000	−358 000	−160 000
Total Long-Term Debt	1 436 000	594 000	493 000	216 000
Total Current Debt	69 000	40 000	−74 000	34 000
Total Equity and Debt	250 000	244 000	60 000	89 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	400 000	272 000	8 000	0
Other Income	0	0	0	0
Revenue	400 000	272 000	8 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	197 000	0	0	0
Depreciation	11 000	3 000	0	0
Impairment	0	0	0	0
Expenditure	1 129 000	406 000	206 000	116 000
Operating Profit	−729 000	−134 000	−198 000	−116 000
Financial Income	0	0	0	0
Financial Costs	26 000	5 000	0	0
Financial Balance	−26 000	−5 000	0	0
Dividends	0	0	0	0
Net Income	−755 000	−28 000	−198 000	−116 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	111 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	40 000	20 000	12 000	12 000
Total Tangible Assets	40 000	20 000	12 000	12 000
Total Fiancial Fixed Assets	0	0	0	40 000
Total Fixed Assets	40 000	132 000	12 000	52 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	67 000	113 000	48 000	0
Total Current Assets	210 000	113 000	48 000	37 000
Total Assets	250 000	244 000	60 000	89 000
Total Equity	−1 255 000	−389 000	−358 000	−160 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 436 000	594 000	493 000	216 000
Creditors	3 000	−1 000	−1 000	34 000
Unpaid Taxes	44 000	41 000	−73 000	0
Dividends	0	0	0	0
Other Current Debt	23 000	0	0	0
Total Current Debt	69 000	40 000	−74 000	34 000
Total Equity and Debt	250 000	244 000	60 000	89 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,16 %	7,2 %	55,31 %	72,5 %
Debt-to-Equity Ratio	−1,14	−1,53	−1,38	−1,35
Operating Profit Margin	−182,25 %	−49,26 %	−2 475 %	-
Current Ratio	3,04	2,83	−0,65	1,09
Quick Ratio	3,04	2,83	−0,65	1,09
Equity Ratio	−5,02	−1,59	−5,97	−1,8
Gross Profit Margin	100 %	100 %	100 %	-