AXCEL AS

5542 KARMSUND

Finances

Share Ownership

Return on Equity

103,93 %

Current Ratio

0,7

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	334 000	292 000	450 000	766 000
Net Income	185 000	129 000	−191 000	20 000
Total Assets	302 000	155 000	213 000	477 000
Total Equity	178 000	−7 000	−136 000	55 000

Income (NOK)	2022	2021	2020	2019
Revenue	334 000	292 000	450 000	766 000
Expenditure	98 000	127 000	300 000	710 000
Operating Profit	236 000	165 000	149 000	57 000
Financial Income	1 000	4 000	2 000	1 000
Financial Costs	0	13 000	326 000	1 000
Financial Balance	1 000	−9 000	−324 000	0
Earnings Before Tax	237 000	156 000	−175 000	56 000
Tax	52 000	27 000	16 000	36 000
Net Income	185 000	129 000	−191 000	20 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	215 000	140 000	94 000	414 000
Total Current Assets	88 000	15 000	119 000	63 000
Total Assets	302 000	155 000	213 000	477 000
Total Retained Equity	148 000	−37 000	−166 000	25 000
Total Equity	178 000	−7 000	−136 000	55 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	125 000	163 000	349 000	422 000
Total Equity and Debt	302 000	155 000	213 000	477 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	334 000	292 000	450 000	766 000
Other Income	0	0	0	0
Revenue	334 000	292 000	450 000	766 000
Cost of Goods Sold	49 000	71 000	25 000	91 000
Salary Costs	0	35 000	263 000	464 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	98 000	127 000	300 000	710 000
Operating Profit	236 000	165 000	149 000	57 000
Financial Income	1 000	4 000	2 000	1 000
Financial Costs	0	13 000	326 000	1 000
Financial Balance	1 000	−9 000	−324 000	0
Dividends	0	0	0	0
Net Income	185 000	129 000	−191 000	20 000

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	215 000	140 000	94 000	414 000
Total Fixed Assets	215 000	140 000	94 000	414 000
Stock	0	0	0	0
Total Investments	0	0	13 000	14 000
Cash, Bank	19 000	15 000	17 000	18 000
Total Current Assets	88 000	15 000	119 000	63 000
Total Assets	302 000	155 000	213 000	477 000
Total Equity	178 000	−7 000	−136 000	55 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	1 000	6 000	9 000
Unpaid Taxes	20 000	3 000	15 000	42 000
Dividends	0	0	0	0
Other Current Debt	49 000	131 000	312 000	335 000
Total Current Debt	125 000	163 000	349 000	422 000
Total Equity and Debt	302 000	155 000	213 000	477 000

Financial indicators	2022	2021	2020	2019
Return on Equity	103,93 %	−1 842,86 %	140,44 %	36,36 %
Debt-to-Equity Ratio	0	−0	−0	0
Operating Profit Margin	70,66 %	56,51 %	33,11 %	7,44 %
Current Ratio	0,7	0,09	0,34	0,15
Quick Ratio	0,7	0,09	0,34	0,15
Equity Ratio	0,59	−0,05	−0,64	0,12
Gross Profit Margin	85,33 %	75,68 %	94,44 %	88,12 %