ADVISETECH AS

0255 OSLO

Finances

Share Ownership

Return on Equity

60,33 %

Current Ratio

1,92

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 979 000	16 215 000	7 533 000	3 517 000
Net Income	4 563 000	3 480 000	1 327 000	883 000
Total Assets	15 728 000	10 505 000	4 370 000	2 436 000
Total Equity	7 563 000	5 806 000	2 234 000	907 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 979 000	16 215 000	7 533 000	3 517 000
Expenditure	24 111 000	11 749 000	5 831 000	2 383 000
Operating Profit	5 868 000	4 467 000	1 702 000	1 135 000
Financial Income	0	1 000	1 000	0
Financial Costs	3 000	0	0	3 000
Financial Balance	−3 000	1 000	1 000	−3 000
Earnings Before Tax	5 865 000	4 467 000	1 702 000	1 132 000
Tax	1 302 000	987 000	375 000	249 000
Net Income	4 563 000	3 480 000	1 327 000	883 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	66 000	26 000	26 000	26 000
Total Current Assets	15 662 000	10 479 000	4 345 000	2 410 000
Total Assets	15 728 000	10 505 000	4 370 000	2 436 000
Total Retained Equity	6 183 000	4 426 000	2 210 000	883 000
Total Equity	7 563 000	5 806 000	2 234 000	907 000
Total Long-Term Debt	0	0	0	205 000
Total Current Debt	8 164 000	4 698 000	2 136 000	1 325 000
Total Equity and Debt	15 728 000	10 505 000	4 370 000	2 436 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 979 000	16 215 000	7 533 000	3 517 000
Other Income	0	0	0	0
Revenue	29 979 000	16 215 000	7 533 000	3 517 000
Cost of Goods Sold	3 775 000	178 000	0	285 000
Salary Costs	18 699 000	10 955 000	5 610 000	1 916 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	24 111 000	11 749 000	5 831 000	2 383 000
Operating Profit	5 868 000	4 467 000	1 702 000	1 135 000
Financial Income	0	1 000	1 000	0
Financial Costs	3 000	0	0	3 000
Financial Balance	−3 000	1 000	1 000	−3 000
Dividends	2 806 000	0	0	0
Net Income	4 563 000	3 480 000	1 327 000	883 000

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	66 000	26 000	26 000	26 000
Total Fixed Assets	66 000	26 000	26 000	26 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 274 000	8 255 000	3 645 000	2 105 000
Total Current Assets	15 662 000	10 479 000	4 345 000	2 410 000
Total Assets	15 728 000	10 505 000	4 370 000	2 436 000
Total Equity	7 563 000	5 806 000	2 234 000	907 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	205 000
Creditors	972 000	69 000	39 000	29 000
Unpaid Taxes	4 030 000	2 536 000	1 163 000	837 000
Dividends	2 806 000	0	0	0
Other Current Debt	1 860 000	1 107 000	559 000	210 000
Total Current Debt	8 164 000	4 698 000	2 136 000	1 325 000
Total Equity and Debt	15 728 000	10 505 000	4 370 000	2 436 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,33 %	59,94 %	59,4 %	97,35 %
Debt-to-Equity Ratio	0	0	0	0,23
Operating Profit Margin	19,57 %	27,55 %	22,59 %	32,27 %
Current Ratio	1,92	2,23	2,03	1,82
Quick Ratio	1,92	2,23	2,03	1,82
Equity Ratio	0,48	0,55	0,51	0,37
Gross Profit Margin	87,41 %	98,9 %	100 %	91,9 %