ADVANCE AS

7055 RANHEIM

Finances

Share Ownership

Return on Equity

−16,53 %

Current Ratio

40,5

Debt-to-Equity Ratio

1,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	294 000	1 261 000	1 226 000	1 059 000
Net Income	−40 000	34 000	33 000	335 000
Total Assets	567 000	747 000	523 000	610 000
Total Equity	242 000	282 000	248 000	248 000

Income (NOK)	2022	2021	2020	2019
Revenue	294 000	1 261 000	1 226 000	1 059 000
Expenditure	310 000	1 218 000	1 184 000	626 000
Operating Profit	−16 000	43 000	42 000	432 000
Financial Income	0	2 000	0	0
Financial Costs	30 000	1 000	0	2 000
Financial Balance	−30 000	1 000	0	−2 000
Earnings Before Tax	−47 000	44 000	42 000	430 000
Tax	−6 000	10 000	9 000	95 000
Net Income	−40 000	34 000	33 000	335 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	230 000	0	0
Total Current Assets	567 000	516 000	523 000	610 000
Total Assets	567 000	747 000	523 000	610 000
Total Retained Equity	212 000	252 000	218 000	218 000
Total Equity	242 000	282 000	248 000	248 000
Total Long-Term Debt	311 000	211 000	0	0
Total Current Debt	14 000	254 000	275 000	361 000
Total Equity and Debt	567 000	747 000	523 000	610 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	278 000	1 255 000	1 226 000	1 059 000
Other Income	16 000	6 000	0	0
Revenue	294 000	1 261 000	1 226 000	1 059 000
Cost of Goods Sold	0	63 000	33 000	0
Salary Costs	145 000	953 000	1 021 000	528 000
Depreciation	6 000	21 000	0	0
Impairment	0	0	0	0
Expenditure	310 000	1 218 000	1 184 000	626 000
Operating Profit	−16 000	43 000	42 000	432 000
Financial Income	0	2 000	0	0
Financial Costs	30 000	1 000	0	2 000
Financial Balance	−30 000	1 000	0	−2 000
Dividends	0	0	0	0
Net Income	−40 000	34 000	33 000	335 000

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	230 000	0	0
Total Tangible Assets	0	230 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	230 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	85 000	78 000	76 000	118 000
Total Current Assets	567 000	516 000	523 000	610 000
Total Assets	567 000	747 000	523 000	610 000
Total Equity	242 000	282 000	248 000	248 000
Short-Term Group Debt	0	42 000	42 000	150 000
Total Long-Term Debt	311 000	211 000	0	0
Creditors	0	16 000	39 000	12 000
Unpaid Taxes	−2 000	106 000	101 000	89 000
Dividends	0	0	0	0
Other Current Debt	16 000	87 000	92 000	49 000
Total Current Debt	14 000	254 000	275 000	361 000
Total Equity and Debt	567 000	747 000	523 000	610 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,53 %	12,06 %	13,31 %	135,08 %
Debt-to-Equity Ratio	1,29	0,75	0	0
Operating Profit Margin	−5,44 %	3,41 %	3,43 %	40,79 %
Current Ratio	40,5	2,03	1,9	1,69
Quick Ratio	40,5	2,03	1,9	1,69
Equity Ratio	0,43	0,38	0,47	0,41
Gross Profit Margin	100 %	95 %	97,31 %	100 %