ABEL TECHNOLOGIES AS

9014 TROMSØ

Finances

Share Ownership

Return on Equity

−49,53 %

Current Ratio

2,81

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	28 298 000	9 808 000	872 000	710 000
Net Income	−4 775 000	−2 417 000	−151 000	−13 000
Total Assets	12 681 000	3 951 000	199 000	80 000
Total Equity	9 640 000	1 293 000	−49 000	−23 000

Income (NOK)	2022	2021	2020	2019
Revenue	28 298 000	9 808 000	872 000	710 000
Expenditure	33 045 000	12 014 000	1 023 000	720 000
Operating Profit	−4 747 000	−2 206 000	−151 000	−10 000
Financial Income	31 000	5 000	3 000	2 000
Financial Costs	59 000	216 000	3 000	5 000
Financial Balance	−28 000	−211 000	0	−3 000
Earnings Before Tax	−4 775 000	−2 417 000	−151 000	−13 000
Tax	0	0	0	0
Net Income	−4 775 000	−2 417 000	−151 000	−13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 146 000	29 000	0	0
Total Current Assets	8 536 000	3 922 000	199 000	80 000
Total Assets	12 681 000	3 951 000	199 000	80 000
Total Retained Equity	0	239 000	−1 103 000	−952 000
Total Equity	9 640 000	1 293 000	−49 000	−23 000
Total Long-Term Debt	0	0	96 000	96 000
Total Current Debt	3 041 000	2 658 000	152 000	7 000
Total Equity and Debt	12 681 000	3 951 000	199 000	80 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 326 000	9 427 000	872 000	710 000
Other Income	1 972 000	381 000	0	0
Revenue	28 298 000	9 808 000	872 000	710 000
Cost of Goods Sold	25 992 000	8 889 000	227 000	90 000
Salary Costs	4 059 000	1 168 000	302 000	50 000
Depreciation	436 000	2 000	0	0
Impairment	0	0	0	0
Expenditure	33 045 000	12 014 000	1 023 000	720 000
Operating Profit	−4 747 000	−2 206 000	−151 000	−10 000
Financial Income	31 000	5 000	3 000	2 000
Financial Costs	59 000	216 000	3 000	5 000
Financial Balance	−28 000	−211 000	0	−3 000
Dividends	0	0	0	0
Net Income	−4 775 000	−2 417 000	−151 000	−13 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 827 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	19 000	29 000	0	0
Total Tangible Assets	19 000	29 000	0	0
Total Fiancial Fixed Assets	300 000	0	0	0
Total Fixed Assets	4 146 000	29 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 502 000	2 621 000	175 000	54 000
Total Current Assets	8 536 000	3 922 000	199 000	80 000
Total Assets	12 681 000	3 951 000	199 000	80 000
Total Equity	9 640 000	1 293 000	−49 000	−23 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	96 000	96 000
Creditors	695 000	478 000	116 000	0
Unpaid Taxes	41 000	115 000	8 000	2 000
Dividends	0	0	0	0
Other Current Debt	2 304 000	2 065 000	29 000	6 000
Total Current Debt	3 041 000	2 658 000	152 000	7 000
Total Equity and Debt	12 681 000	3 951 000	199 000	80 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−49,53 %	−186,93 %	308,16 %	56,52 %
Debt-to-Equity Ratio	0	0	−1,96	−4,17
Operating Profit Margin	−16,78 %	−22,49 %	−17,32 %	−1,41 %
Current Ratio	2,81	1,48	1,31	11,43
Quick Ratio	2,81	1,48	1,31	11,43
Equity Ratio	0,76	0,33	−0,25	−0,29
Gross Profit Margin	8,15 %	9,37 %	73,97 %	87,32 %