AVINXT AS

3739 SKIEN

Finances

Return on Equity

−107,3 %

Current Ratio

1,24

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	682 000	2 578 000	2 100 000	281 000
Net Income	−34 904 000	−25 407 000	−26 602 000	−29 009 000
Total Assets	48 843 000	45 307 000	57 317 000	66 793 000
Total Equity	32 530 000	27 795 000	11 156 000	23 828 000

Income (NOK)	2022	2021	2020	2019
Revenue	682 000	2 578 000	2 100 000	281 000
Expenditure	31 045 000	25 472 000	24 401 000	25 378 000
Operating Profit	−30 362 000	−22 894 000	−22 301 000	−25 096 000
Financial Income	5 000	22 000	37 000	47 000
Financial Costs	4 546 000	2 535 000	4 338 000	3 960 000
Financial Balance	−4 541 000	−2 513 000	−4 301 000	−3 913 000
Earnings Before Tax	−34 904 000	−25 407 000	−26 602 000	−29 009 000
Tax	0	0	0	0
Net Income	−34 904 000	−25 407 000	−26 602 000	−29 009 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	31 573 000	38 660 000	45 351 000	52 609 000
Total Current Assets	17 270 000	6 647 000	11 966 000	14 184 000
Total Assets	48 843 000	45 307 000	57 317 000	66 793 000
Total Retained Equity	−134 585 000	−99 681 000	−74 274 000	−47 672 000
Total Equity	32 530 000	27 795 000	11 156 000	23 828 000
Total Long-Term Debt	2 422 000	12 664 000	41 947 000	39 363 000
Total Current Debt	13 890 000	4 848 000	4 214 000	3 601 000
Total Equity and Debt	48 843 000	45 307 000	57 317 000	66 793 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	526 000	89 000	0	5 000
Other Income	155 000	2 489 000	2 100 000	275 000
Revenue	682 000	2 578 000	2 100 000	281 000
Cost of Goods Sold	37 000	0	1 000	15 000
Salary Costs	2 730 000	4 166 000	4 493 000	5 971 000
Depreciation	11 474 000	10 295 000	10 555 000	6 299 000
Impairment	0	0	0	0
Expenditure	31 045 000	25 472 000	24 401 000	25 378 000
Operating Profit	−30 362 000	−22 894 000	−22 301 000	−25 096 000
Financial Income	5 000	22 000	37 000	47 000
Financial Costs	4 546 000	2 535 000	4 338 000	3 960 000
Financial Balance	−4 541 000	−2 513 000	−4 301 000	−3 913 000
Dividends	0	0	0	0
Net Income	−34 904 000	−25 407 000	−26 602 000	−29 009 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	45 000	45 000	45 000	522 000
Machinery and Plant Facilities	30 287 000	37 230 000	43 369 000	49 700 000
Fixtures	1 196 000	1 350 000	1 931 000	2 382 000
Total Tangible Assets	31 528 000	38 625 000	45 346 000	52 604 000
Total Fiancial Fixed Assets	45 000	35 000	5 000	5 000
Total Fixed Assets	31 573 000	38 660 000	45 351 000	52 609 000
Stock	9 334 000	785 000	0	0
Total Investments	0	0	0	0
Cash, Bank	265 000	661 000	2 737 000	11 831 000
Total Current Assets	17 270 000	6 647 000	11 966 000	14 184 000
Total Assets	48 843 000	45 307 000	57 317 000	66 793 000
Total Equity	32 530 000	27 795 000	11 156 000	23 828 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 422 000	12 664 000	41 947 000	39 363 000
Creditors	11 306 000	3 106 000	1 072 000	924 000
Unpaid Taxes	416 000	690 000	611 000	776 000
Dividends	0	0	0	0
Other Current Debt	2 168 000	1 052 000	2 530 000	1 901 000
Total Current Debt	13 890 000	4 848 000	4 214 000	3 601 000
Total Equity and Debt	48 843 000	45 307 000	57 317 000	66 793 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−107,3 %	−91,41 %	−238,45 %	−121,74 %
Debt-to-Equity Ratio	0,07	0,46	3,76	1,65
Operating Profit Margin	−4 451,91 %	−888,05 %	−1 061,95 %	−8 930,96 %
Current Ratio	1,24	1,37	2,84	3,94
Quick Ratio	3,79	1,64	2,84	3,94
Equity Ratio	0,67	0,61	0,19	0,36
Gross Profit Margin	94,57 %	100 %	99,95 %	94,66 %