AVANCE NORDIC AS

1719 GREÅKER

Finances

Share Ownership

Return on Equity

40,74 %

Current Ratio

1,84

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 811 000	1 654 000	1 204 000	2 910 000
Net Income	198 000	32 000	−260 000	33 000
Total Assets	963 000	263 000	241 000	577 000
Total Equity	486 000	293 000	241 000	522 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 811 000	1 654 000	1 204 000	2 910 000
Expenditure	1 607 000	162 000	1 464 000	2 769 000
Operating Profit	204 000	35 000	−260 000	141 000
Financial Income	0	0	0	0
Financial Costs	6 000	3 000	0	0
Financial Balance	−6 000	−3 000	0	0
Earnings Before Tax	198 000	32 000	−260 000	141 000
Tax	0	0	0	108 000
Net Income	198 000	32 000	−260 000	33 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	98 000	0	0	0
Total Current Assets	866 000	263 000	241 000	577 000
Total Assets	963 000	263 000	241 000	577 000
Total Retained Equity	198 000	0	−12 000	33 000
Total Equity	486 000	293 000	241 000	522 000
Total Long-Term Debt	6 000	0	0	6 000
Total Current Debt	471 000	−31 000	0	49 000
Total Equity and Debt	963 000	263 000	241 000	577 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 811 000	1 654 000	1 204 000	2 905 000
Other Income	0	0	0	6 000
Revenue	1 811 000	1 654 000	1 204 000	2 910 000
Cost of Goods Sold	1 579 000	0	1 409 000	2 705 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 607 000	162 000	1 464 000	2 769 000
Operating Profit	204 000	35 000	−260 000	141 000
Financial Income	0	0	0	0
Financial Costs	6 000	3 000	0	0
Financial Balance	−6 000	−3 000	0	0
Dividends	0	0	0	0
Net Income	198 000	32 000	−260 000	33 000

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	98 000	0	0	0
Total Fixed Assets	98 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	727 000	165 000	143 000	479 000
Total Current Assets	866 000	263 000	241 000	577 000
Total Assets	963 000	263 000	241 000	577 000
Total Equity	486 000	293 000	241 000	522 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 000	0	0	6 000
Creditors	488 000	−4 000	1 000	1 000
Unpaid Taxes	20 000	−33 000	3 000	48 000
Dividends	0	0	0	0
Other Current Debt	0	6 000	6 000	0
Total Current Debt	471 000	−31 000	0	49 000
Total Equity and Debt	963 000	263 000	241 000	577 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,74 %	10,92 %	−107,88 %	6,32 %
Debt-to-Equity Ratio	0,01	0	0	0,01
Operating Profit Margin	11,26 %	2,12 %	−21,59 %	4,85 %
Current Ratio	1,84	−8,48	-	11,78
Quick Ratio	1,84	−8,48	-	11,78
Equity Ratio	0,5	1,11	1	0,9
Gross Profit Margin	12,81 %	100 %	−17,03 %	7,04 %