AVELA AS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

1,65 %

Current Ratio

5,55

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 679 000	6 643 000	6 507 000	5 851 000
Net Income	35 000	785 000	403 000	317 000
Total Assets	3 085 000	3 303 000	3 367 000	2 817 000
Total Equity	2 126 000	2 091 000	1 306 000	904 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 679 000	6 643 000	6 507 000	5 851 000
Expenditure	5 585 000	5 627 000	5 965 000	5 396 000
Operating Profit	94 000	1 015 000	542 000	455 000
Financial Income	23 000	48 000	33 000	0
Financial Costs	67 000	47 000	58 000	48 000
Financial Balance	−44 000	1 000	−25 000	−48 000
Earnings Before Tax	50 000	1 015 000	516 000	407 000
Tax	15 000	230 000	114 000	90 000
Net Income	35 000	785 000	403 000	317 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	3 085 000	3 303 000	3 367 000	2 817 000
Total Assets	3 085 000	3 303 000	3 367 000	2 817 000
Total Retained Equity	2 096 000	2 061 000	1 276 000	874 000
Total Equity	2 126 000	2 091 000	1 306 000	904 000
Total Long-Term Debt	403 000	503 000	849 000	909 000
Total Current Debt	556 000	709 000	1 211 000	1 004 000
Total Equity and Debt	3 085 000	3 303 000	3 367 000	2 817 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 677 000	6 643 000	6 507 000	5 851 000
Other Income	2 000	0	0	0
Revenue	5 679 000	6 643 000	6 507 000	5 851 000
Cost of Goods Sold	3 233 000	3 422 000	3 521 000	2 962 000
Salary Costs	1 388 000	1 238 000	1 067 000	1 051 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	5 585 000	5 627 000	5 965 000	5 396 000
Operating Profit	94 000	1 015 000	542 000	455 000
Financial Income	23 000	48 000	33 000	0
Financial Costs	67 000	47 000	58 000	48 000
Financial Balance	−44 000	1 000	−25 000	−48 000
Dividends	0	0	0	0
Net Income	35 000	785 000	403 000	317 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	2 471 000	2 609 000	2 723 000	2 470 000
Total Investments	0	0	0	0
Cash, Bank	143 000	366 000	40 000	23 000
Total Current Assets	3 085 000	3 303 000	3 367 000	2 817 000
Total Assets	3 085 000	3 303 000	3 367 000	2 817 000
Total Equity	2 126 000	2 091 000	1 306 000	904 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	403 000	503 000	849 000	909 000
Creditors	169 000	25 000	317 000	115 000
Unpaid Taxes	239 000	351 000	400 000	211 000
Dividends	0	0	0	0
Other Current Debt	133 000	102 000	−36 000	121 000
Total Current Debt	556 000	709 000	1 211 000	1 004 000
Total Equity and Debt	3 085 000	3 303 000	3 367 000	2 817 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,65 %	37,54 %	30,86 %	35,07 %
Debt-to-Equity Ratio	0,19	0,24	0,65	1,01
Operating Profit Margin	1,66 %	15,28 %	8,33 %	7,78 %
Current Ratio	5,55	4,66	2,78	2,81
Quick Ratio	−1,61	−1,74	−2,23	−1,92
Equity Ratio	0,69	0,63	0,39	0,32
Gross Profit Margin	43,07 %	48,49 %	45,89 %	49,38 %