ARTIFICIAL LIFT EXCELLENCE AS

4307 SANDNES

Finances

Share Ownership

Return on Equity

−297,41 %

Current Ratio

0,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	193 000	3 576 000	3 750 000	3 826 000
Net Income	−1 606 000	505 000	230 000	768 000
Total Assets	778 000	2 793 000	2 692 000	2 329 000
Total Equity	540 000	2 147 000	1 641 000	1 504 000

Income (NOK)	2022	2021	2020	2019
Revenue	193 000	3 576 000	3 750 000	3 826 000
Expenditure	2 252 000	3 120 000	3 471 000	2 722 000
Operating Profit	−2 059 000	457 000	279 000	1 104 000
Financial Income	13 000	224 000	21 000	18 000
Financial Costs	3 000	28 000	3 000	123 000
Financial Balance	10 000	196 000	18 000	−105 000
Earnings Before Tax	−2 049 000	653 000	297 000	999 000
Tax	−443 000	147 000	67 000	231 000
Net Income	−1 606 000	505 000	230 000	768 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	636 000	186 000	162 000	148 000
Total Current Assets	142 000	2 607 000	2 530 000	2 181 000
Total Assets	778 000	2 793 000	2 692 000	2 329 000
Total Retained Equity	510 000	2 117 000	1 611 000	1 474 000
Total Equity	540 000	2 147 000	1 641 000	1 504 000
Total Long-Term Debt	0	8 000	0	0
Total Current Debt	238 000	638 000	1 051 000	825 000
Total Equity and Debt	778 000	2 793 000	2 692 000	2 329 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	193 000	3 520 000	3 750 000	3 798 000
Other Income	0	56 000	0	29 000
Revenue	193 000	3 576 000	3 750 000	3 826 000
Cost of Goods Sold	0	2 000	1 000	0
Salary Costs	1 213 000	2 478 000	2 714 000	1 886 000
Depreciation	19 000	72 000	71 000	59 000
Impairment	0	0	0	0
Expenditure	2 252 000	3 120 000	3 471 000	2 722 000
Operating Profit	−2 059 000	457 000	279 000	1 104 000
Financial Income	13 000	224 000	21 000	18 000
Financial Costs	3 000	28 000	3 000	123 000
Financial Balance	10 000	196 000	18 000	−105 000
Dividends	0	0	93 000	77 000
Net Income	−1 606 000	505 000	230 000	768 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	435 000	0	6 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	196 000	181 000	152 000	141 000
Total Tangible Assets	196 000	181 000	152 000	141 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	636 000	186 000	162 000	148 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	17 000	1 969 000	1 829 000	1 579 000
Total Current Assets	142 000	2 607 000	2 530 000	2 181 000
Total Assets	778 000	2 793 000	2 692 000	2 329 000
Total Equity	540 000	2 147 000	1 641 000	1 504 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	8 000	0	0
Creditors	33 000	20 000	32 000	73 000
Unpaid Taxes	152 000	286 000	622 000	307 000
Dividends	0	0	93 000	77 000
Other Current Debt	53 000	198 000	234 000	192 000
Total Current Debt	238 000	638 000	1 051 000	825 000
Total Equity and Debt	778 000	2 793 000	2 692 000	2 329 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−297,41 %	23,52 %	14,02 %	51,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1 066,84 %	12,78 %	7,44 %	28,86 %
Current Ratio	0,6	4,09	2,41	2,64
Quick Ratio	0,6	4,09	2,41	2,64
Equity Ratio	0,69	0,77	0,61	0,65
Gross Profit Margin	100 %	99,94 %	99,97 %	100 %