ABAX GROUP AS

3264 LARVIK

Finances

Return on Equity

−11,47 %

Current Ratio

0,78

Debt-to-Equity Ratio

0,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	717 021 000	963 536 000	512 061 000	529 960 000
Net Income	−154 703 000	159 496 000	−142 300 000	−59 902 000
Total Assets	2 859 897 000	3 303 410 000	3 228 794 000	2 430 267 000
Total Equity	1 349 218 000	1 506 175 000	1 391 483 000	1 122 773 000

Income (NOK)	2022	2021	2020	2019
Revenue	717 021 000	963 536 000	512 061 000	529 960 000
Expenditure	840 590 000	769 555 000	627 428 000	579 142 000
Operating Profit	−123 569 000	193 981 000	−115 367 000	−49 182 000
Financial Income	45 546 000	18 061 000	13 836 000	1 375 000
Financial Costs	103 616 000	87 134 000	79 604 000	43 505 000
Financial Balance	−58 070 000	−69 073 000	−65 768 000	−42 130 000
Earnings Before Tax	−181 639 000	124 908 000	−181 135 000	−91 312 000
Tax	−26 936 000	−34 588 000	−38 835 000	−31 410 000
Net Income	−154 703 000	159 496 000	−142 300 000	−59 902 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 506 375 000	2 690 066 000	2 868 607 000	2 126 818 000
Total Current Assets	353 522 000	613 344 000	360 187 000	303 449 000
Total Assets	2 859 897 000	3 303 410 000	3 228 794 000	2 430 267 000
Total Retained Equity	−511 562 000	−354 605 000	−469 297 000	0
Total Equity	1 349 218 000	1 506 175 000	1 391 483 000	1 122 773 000
Total Long-Term Debt	1 058 638 000	1 338 953 000	1 389 674 000	937 953 000
Total Current Debt	452 041 000	458 282 000	447 637 000	369 542 000
Total Equity and Debt	2 859 897 000	3 303 410 000	3 228 794 000	2 430 268 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	717 021 000	963 536 000	512 061 000	529 960 000
Other Income	0	0	0	0
Revenue	717 021 000	963 536 000	512 061 000	529 960 000
Cost of Goods Sold	88 298 000	73 891 000	52 184 000	74 283 000
Salary Costs	252 489 000	231 036 000	214 801 000	211 222 000
Depreciation	365 621 000	337 284 000	38 807 000	146 018 000
Impairment	0	0	209 889 000	26 674 000
Expenditure	840 590 000	769 555 000	627 428 000	579 142 000
Operating Profit	−123 569 000	193 981 000	−115 367 000	−49 182 000
Financial Income	45 546 000	18 061 000	13 836 000	1 375 000
Financial Costs	103 616 000	87 134 000	79 604 000	43 505 000
Financial Balance	−58 070 000	−69 073 000	−65 768 000	−42 130 000
Dividends	0	0	0	0
Net Income	−154 703 000	159 496 000	−142 300 000	−59 902 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	1 997 481 000
Total Intangible Assets	2 245 214 000	2 457 458 000	2 667 262 000	1 997 481 000
Real Eastate	219 904 000	207 967 000	194 277 000	129 337 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	219 904 000	207 967 000	194 277 000	129 337 000
Total Fiancial Fixed Assets	41 257 000	24 641 000	7 068 000	0
Total Fixed Assets	2 506 375 000	2 690 066 000	2 868 607 000	2 126 818 000
Stock	21 566 000	26 613 000	23 134 000	13 868 000
Total Investments	0	0	0	0
Cash, Bank	160 753 000	397 489 000	143 955 000	46 560 000
Total Current Assets	353 522 000	613 344 000	360 187 000	303 449 000
Total Assets	2 859 897 000	3 303 410 000	3 228 794 000	2 430 267 000
Total Equity	1 349 218 000	1 506 175 000	1 391 483 000	1 122 773 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 058 638 000	1 338 953 000	1 389 674 000	937 953 000
Creditors	199 235 000	210 097 000	210 704 000	161 426 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	239 499 000	235 412 000	233 944 000	0
Total Current Debt	452 041 000	458 282 000	447 637 000	369 542 000
Total Equity and Debt	2 859 897 000	3 303 410 000	3 228 794 000	2 430 268 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,47 %	10,59 %	−10,23 %	−5,34 %
Debt-to-Equity Ratio	0,78	0,89	1	0,84
Operating Profit Margin	−17,23 %	20,13 %	−22,53 %	−9,28 %
Current Ratio	0,78	1,34	0,8	0,82
Quick Ratio	0,82	1,42	0,85	0,85
Equity Ratio	0,47	0,46	0,43	0,46
Gross Profit Margin	87,69 %	92,33 %	89,81 %	85,98 %