ADELSTEN AS

4200 SAUDA

Finances

Share Ownership

Return on Equity

2 450 %

Current Ratio

4,31

Debt-to-Equity Ratio

−256,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 757 000	1 907 000	1 537 000	425 000
Net Income	−49 000	−99 000	68 000	55 000
Total Assets	635 000	397 000	719 000	476 000
Total Equity	−2 000	47 000	146 000	78 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 757 000	1 907 000	1 537 000	425 000
Expenditure	1 829 000	1 984 000	1 447 000	356 000
Operating Profit	−71 000	−77 000	90 000	69 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−71 000	−77 000	90 000	69 000
Tax	−22 000	22 000	22 000	14 000
Net Income	−49 000	−99 000	68 000	55 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	100 000	0	0	0
Total Current Assets	535 000	397 000	719 000	476 000
Total Assets	635 000	397 000	719 000	476 000
Total Retained Equity	−32 000	24 000	123 000	55 000
Total Equity	−2 000	47 000	146 000	78 000
Total Long-Term Debt	513 000	481 000	481 000	380 000
Total Current Debt	124 000	−132 000	92 000	18 000
Total Equity and Debt	635 000	397 000	719 000	476 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 757 000	1 907 000	1 537 000	425 000
Other Income	0	0	0	0
Revenue	1 757 000	1 907 000	1 537 000	425 000
Cost of Goods Sold	1 632 000	1 795 000	1 232 000	250 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 829 000	1 984 000	1 447 000	356 000
Operating Profit	−71 000	−77 000	90 000	69 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−49 000	−99 000	68 000	55 000

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	100 000	0	0	0
Total Fixed Assets	100 000	0	0	0
Stock	365 000	379 000	241 000	218 000
Total Investments	0	0	0	0
Cash, Bank	21 000	16 000	478 000	244 000
Total Current Assets	535 000	397 000	719 000	476 000
Total Assets	635 000	397 000	719 000	476 000
Total Equity	−2 000	47 000	146 000	78 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	513 000	481 000	481 000	380 000
Creditors	0	4 000	6 000	0
Unpaid Taxes	44 000	42 000	57 000	0
Dividends	0	0	0	0
Other Current Debt	80 000	76 000	6 000	4 000
Total Current Debt	124 000	−132 000	92 000	18 000
Total Equity and Debt	635 000	397 000	719 000	476 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2 450 %	−210,64 %	46,58 %	70,51 %
Debt-to-Equity Ratio	−256,5	10,23	3,29	4,87
Operating Profit Margin	−4,04 %	−4,04 %	5,86 %	16,24 %
Current Ratio	4,31	−3,01	7,82	26,44
Quick Ratio	−2,22	−0,78	−4,83	−2,38
Equity Ratio	−0	0,12	0,2	0,16
Gross Profit Margin	7,11 %	5,87 %	19,84 %	41,18 %