PROGRESS. AS

9537 TVERRELVDALEN

Finances

Share Ownership

Return on Equity

19,88 %

Current Ratio

2,9

Debt-to-Equity Ratio

0,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 839 000	7 904 000	7 549 000	1 442 000
Net Income	866 000	604 000	1 604 000	164 000
Total Assets	8 881 000	7 793 000	5 848 000	2 909 000
Total Equity	4 356 000	3 490 000	2 886 000	1 282 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 839 000	7 904 000	7 549 000	1 442 000
Expenditure	7 690 000	7 081 000	5 476 000	1 229 000
Operating Profit	1 149 000	823 000	2 074 000	213 000
Financial Income	2 000	0	2 000	0
Financial Costs	35 000	40 000	14 000	1 000
Financial Balance	−33 000	−40 000	−12 000	−1 000
Earnings Before Tax	1 116 000	783 000	2 061 000	212 000
Tax	250 000	180 000	457 000	47 000
Net Income	866 000	604 000	1 604 000	164 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 327 000	2 336 000	1 626 000	990 000
Total Current Assets	6 554 000	5 457 000	4 222 000	1 920 000
Total Assets	8 881 000	7 793 000	5 848 000	2 909 000
Total Retained Equity	4 326 000	3 460 000	2 856 000	1 252 000
Total Equity	4 356 000	3 490 000	2 886 000	1 282 000
Total Long-Term Debt	2 265 000	2 334 000	1 500 000	521 000
Total Current Debt	2 260 000	1 969 000	1 462 000	1 107 000
Total Equity and Debt	8 881 000	7 793 000	5 848 000	2 909 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 118 000	7 492 000	7 542 000	1 442 000
Other Income	721 000	412 000	7 000	0
Revenue	8 839 000	7 904 000	7 549 000	1 442 000
Cost of Goods Sold	2 466 000	2 471 000	2 753 000	27 000
Salary Costs	3 385 000	2 405 000	909 000	674 000
Depreciation	420 000	565 000	361 000	236 000
Impairment	0	0	0	0
Expenditure	7 690 000	7 081 000	5 476 000	1 229 000
Operating Profit	1 149 000	823 000	2 074 000	213 000
Financial Income	2 000	0	2 000	0
Financial Costs	35 000	40 000	14 000	1 000
Financial Balance	−33 000	−40 000	−12 000	−1 000
Dividends	0	0	0	0
Net Income	866 000	604 000	1 604 000	164 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	7 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	697 000	932 000	571 000	307 000
Fixtures	880 000	1 404 000	1 048 000	683 000
Total Tangible Assets	1 577 000	2 336 000	1 619 000	990 000
Total Fiancial Fixed Assets	750 000	0	0	0
Total Fixed Assets	2 327 000	2 336 000	1 626 000	990 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 804 000	3 684 000	2 478 000	1 413 000
Total Current Assets	6 554 000	5 457 000	4 222 000	1 920 000
Total Assets	8 881 000	7 793 000	5 848 000	2 909 000
Total Equity	4 356 000	3 490 000	2 886 000	1 282 000
Short-Term Group Debt	0	0	0	25 000
Total Long-Term Debt	2 265 000	2 334 000	1 500 000	521 000
Creditors	370 000	393 000	355 000	114 000
Unpaid Taxes	1 625 000	1 138 000	407 000	541 000
Dividends	0	0	0	0
Other Current Debt	125 000	334 000	215 000	389 000
Total Current Debt	2 260 000	1 969 000	1 462 000	1 107 000
Total Equity and Debt	8 881 000	7 793 000	5 848 000	2 909 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,88 %	17,31 %	55,58 %	12,79 %
Debt-to-Equity Ratio	0,52	0,67	0,52	0,41
Operating Profit Margin	13 %	10,41 %	27,47 %	14,77 %
Current Ratio	2,9	2,77	2,89	1,73
Quick Ratio	2,9	2,77	2,89	1,73
Equity Ratio	0,49	0,45	0,49	0,44
Gross Profit Margin	72,1 %	68,74 %	63,53 %	98,13 %