PROGRADE AS

5460 HUSNES

Finances

Return on Equity

30,15 %

Current Ratio

2,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 868 000	1 866 000	1 602 000	757 000
Net Income	202 000	145 000	216 000	74 000
Total Assets	1 007 000	757 000	557 000	309 000
Total Equity	670 000	468 000	323 000	107 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 868 000	1 866 000	1 602 000	757 000
Expenditure	1 625 000	1 728 000	1 391 000	665 000
Operating Profit	244 000	138 000	212 000	93 000
Financial Income	1 000	50 000	51 000	0
Financial Costs	0	2 000	0	0
Financial Balance	1 000	48 000	51 000	0
Earnings Before Tax	245 000	186 000	263 000	93 000
Tax	43 000	41 000	46 000	19 000
Net Income	202 000	145 000	216 000	74 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	300 000	300 000	0	0
Total Current Assets	707 000	457 000	557 000	309 000
Total Assets	1 007 000	757 000	557 000	309 000
Total Retained Equity	640 000	444 000	299 000	83 000
Total Equity	670 000	468 000	323 000	107 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	336 000	288 000	234 000	202 000
Total Equity and Debt	1 007 000	757 000	557 000	309 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 868 000	1 866 000	1 602 000	757 000
Other Income	1 000	0	0	0
Revenue	1 868 000	1 866 000	1 602 000	757 000
Cost of Goods Sold	449 000	466 000	65 000	59 000
Salary Costs	1 072 000	1 002 000	842 000	482 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 625 000	1 728 000	1 391 000	665 000
Operating Profit	244 000	138 000	212 000	93 000
Financial Income	1 000	50 000	51 000	0
Financial Costs	0	2 000	0	0
Financial Balance	1 000	48 000	51 000	0
Dividends	0	0	0	0
Net Income	202 000	145 000	216 000	74 000

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	300 000	300 000	0	0
Total Fixed Assets	300 000	300 000	0	0
Stock	0	0	0	0
Total Investments	0	0	344 000	68 000
Cash, Bank	424 000	348 000	160 000	201 000
Total Current Assets	707 000	457 000	557 000	309 000
Total Assets	1 007 000	757 000	557 000	309 000
Total Equity	670 000	468 000	323 000	107 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	37 000	37 000	28 000	18 000
Unpaid Taxes	136 000	111 000	76 000	113 000
Dividends	0	0	0	0
Other Current Debt	109 000	99 000	83 000	50 000
Total Current Debt	336 000	288 000	234 000	202 000
Total Equity and Debt	1 007 000	757 000	557 000	309 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,15 %	30,98 %	66,87 %	69,16 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,06 %	7,4 %	13,23 %	12,29 %
Current Ratio	2,1	1,59	2,38	1,53
Quick Ratio	2,1	1,59	2,38	1,53
Equity Ratio	0,67	0,62	0,58	0,35
Gross Profit Margin	75,96 %	75,03 %	95,94 %	92,21 %