ARE STEINSVÅG AS

6010 ÅLESUND

Finances

Share Ownership

Return on Equity

−33,11 %

Current Ratio

3,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 323 000	3 423 000	4 483 000	3 496 000
Net Income	−197 000	82 000	279 000	164 000
Total Assets	764 000	1 300 000	1 326 000	1 260 000
Total Equity	595 000	791 000	810 000	706 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 323 000	3 423 000	4 483 000	3 496 000
Expenditure	2 527 000	3 317 000	4 127 000	3 279 000
Operating Profit	−205 000	106 000	355 000	216 000
Financial Income	0	0	0	1 000
Financial Costs	2 000	1 000	1 000	3 000
Financial Balance	−2 000	−1 000	−1 000	−2 000
Earnings Before Tax	−207 000	105 000	354 000	214 000
Tax	−10 000	23 000	76 000	49 000
Net Income	−197 000	82 000	279 000	164 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	92 000	114 000	83 000	228 000
Total Current Assets	672 000	1 186 000	1 243 000	1 033 000
Total Assets	764 000	1 300 000	1 326 000	1 260 000
Total Retained Equity	565 000	761 000	780 000	676 000
Total Equity	595 000	791 000	810 000	706 000
Total Long-Term Debt	0	10 000	9 000	40 000
Total Current Debt	170 000	499 000	507 000	515 000
Total Equity and Debt	764 000	1 300 000	1 326 000	1 260 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 323 000	3 380 000	4 349 000	3 496 000
Other Income	0	42 000	135 000	0
Revenue	2 323 000	3 423 000	4 483 000	3 496 000
Cost of Goods Sold	1 275 000	1 901 000	2 358 000	1 185 000
Salary Costs	898 000	1 031 000	1 238 000	1 585 000
Depreciation	22 000	14 000	78 000	102 000
Impairment	0	0	0	0
Expenditure	2 527 000	3 317 000	4 127 000	3 279 000
Operating Profit	−205 000	106 000	355 000	216 000
Financial Income	0	0	0	1 000
Financial Costs	2 000	1 000	1 000	3 000
Financial Balance	−2 000	−1 000	−1 000	−2 000
Dividends	0	100 000	175 000	120 000
Net Income	−197 000	82 000	279 000	164 000

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	63 000	69 000	18 000	192 000
Total Tangible Assets	63 000	69 000	18 000	192 000
Total Fiancial Fixed Assets	30 000	45 000	65 000	36 000
Total Fixed Assets	92 000	114 000	83 000	228 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	540 000	398 000	882 000	794 000
Total Current Assets	672 000	1 186 000	1 243 000	1 033 000
Total Assets	764 000	1 300 000	1 326 000	1 260 000
Total Equity	595 000	791 000	810 000	706 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	10 000	9 000	40 000
Creditors	31 000	156 000	36 000	31 000
Unpaid Taxes	67 000	135 000	187 000	231 000
Dividends	0	100 000	175 000	120 000
Other Current Debt	72 000	85 000	93 000	140 000
Total Current Debt	170 000	499 000	507 000	515 000
Total Equity and Debt	764 000	1 300 000	1 326 000	1 260 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−33,11 %	10,37 %	34,44 %	23,23 %
Debt-to-Equity Ratio	0	0,01	0,01	0,06
Operating Profit Margin	−8,82 %	3,1 %	7,92 %	6,18 %
Current Ratio	3,95	2,38	2,45	2,01
Quick Ratio	3,95	2,38	2,45	2,01
Equity Ratio	0,78	0,61	0,61	0,56
Gross Profit Margin	45,11 %	44,46 %	47,4 %	66,1 %