ADVANZ AS

6517 KRISTIANSUND N

Finances

Return on Equity

−2 192,5 %

Current Ratio

0,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	12 839 000	9 945 000	3 256 000
Net Income	−877 000	708 000	180 000
Total Assets	1 393 000	1 637 000	297 000
Total Equity	40 000	917 000	210 000

Income (NOK)	2022	2021	2020
Revenue	12 839 000	9 945 000	3 256 000
Expenditure	13 292 000	9 038 000	3 026 000
Operating Profit	−453 000	908 000	230 000
Financial Income	4 000	0	0
Financial Costs	427 000	0	0
Financial Balance	−423 000	0	0
Earnings Before Tax	−877 000	907 000	230 000
Tax	0	200 000	51 000
Net Income	−877 000	708 000	180 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	421 000	797 000	0
Total Current Assets	972 000	840 000	297 000
Total Assets	1 393 000	1 637 000	297 000
Total Retained Equity	10 000	887 000	180 000
Total Equity	40 000	917 000	210 000
Total Long-Term Debt	0	0	0
Total Current Debt	1 353 000	719 000	88 000
Total Equity and Debt	1 393 000	1 637 000	297 000

Cash flow (NOK)	2022	2021	2020
Sales Income	12 839 000	9 945 000	3 231 000
Other Income	0	0	25 000
Revenue	12 839 000	9 945 000	3 256 000
Cost of Goods Sold	10 995 000	8 365 000	2 907 000
Salary Costs	1 564 000	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	13 292 000	9 038 000	3 026 000
Operating Profit	−453 000	908 000	230 000
Financial Income	4 000	0	0
Financial Costs	427 000	0	0
Financial Balance	−423 000	0	0
Dividends	0	0	0
Net Income	−877 000	708 000	180 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	396 000	396 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	25 000	401 000	0
Total Fixed Assets	421 000	797 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	526 000	78 000	235 000
Total Current Assets	972 000	840 000	297 000
Total Assets	1 393 000	1 637 000	297 000
Total Equity	40 000	917 000	210 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	842 000	207 000	2 000
Unpaid Taxes	357 000	63 000	25 000
Dividends	0	0	0
Other Current Debt	154 000	250 000	10 000
Total Current Debt	1 353 000	719 000	88 000
Total Equity and Debt	1 393 000	1 637 000	297 000

Financial indicators	2022	2021	2020
Return on Equity	−2 192,5 %	77,21 %	85,71 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−3,53 %	9,13 %	7,06 %
Current Ratio	0,72	1,17	3,38
Quick Ratio	0,72	1,17	3,38
Equity Ratio	0,03	0,56	0,71
Gross Profit Margin	14,36 %	15,89 %	10,72 %