PROGRES AS

4877 GRIMSTAD

Finances

Return on Equity

75,47 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	63 000	0	0
Net Income	40 000	−12 000	0
Total Assets	313 000	400 000	500 000
Total Equity	53 000	12 000	24 000

Income (NOK)	2022	2021
Revenue	63 000	0
Expenditure	17 000	12 000
Operating Profit	47 000	−12 000
Financial Income	0	0
Financial Costs	0	0
Financial Balance	0	0
Earnings Before Tax	47 000	−12 000
Tax	6 000	0
Net Income	40 000	−12 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	11 000	11 000	11 000
Total Current Assets	302 000	389 000	489 000
Total Assets	313 000	400 000	500 000
Total Retained Equity	28 000	−12 000	0
Total Equity	53 000	12 000	24 000
Total Long-Term Debt	0	0	0
Total Current Debt	261 000	388 000	476 000
Total Equity and Debt	313 000	400 000	500 000

Cash flow (NOK)	2022	2021
Sales Income	63 000	0
Other Income	0	0
Revenue	63 000	0
Cost of Goods Sold	0	0
Salary Costs	0	0
Depreciation	0	0
Impairment	0	0
Expenditure	17 000	12 000
Operating Profit	47 000	−12 000
Financial Income	0	0
Financial Costs	0	0
Financial Balance	0	0
Dividends	0	0
Net Income	40 000	−12 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	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	11 000	11 000	11 000
Total Fixed Assets	11 000	11 000	11 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	89 000	239 000	489 000
Total Current Assets	302 000	389 000	489 000
Total Assets	313 000	400 000	500 000
Total Equity	53 000	12 000	24 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	0	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	254 000	387 000	476 000
Total Current Debt	261 000	388 000	476 000
Total Equity and Debt	313 000	400 000	500 000

Financial indicators	2022	2021	2020
Return on Equity	75,47 %	−100 %	0 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	74,6 %	-	-
Current Ratio	1,16	1	1,03
Quick Ratio	1,16	1	1,03
Equity Ratio	0,17	0,03	0,05
Gross Profit Margin	100 %	-	-