AVOTEK AS

3057 SOLBERGELVA

Finances

Share Ownership

Return on Equity

416,67 %

Current Ratio

0,6

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020
Revenue	2 688 000	2 500 000	1 098 000
Net Income	125 000	146 000	119 000
Total Assets	736 000	1 005 000	698 000
Total Equity	30 000	295 000	149 000

Income (NOK)	2022	2021	2020
Revenue	2 688 000	2 500 000	1 098 000
Expenditure	2 526 000	2 317 000	945 000
Operating Profit	162 000	184 000	154 000
Financial Income	1 000	10 000	0
Financial Costs	3 000	4 000	0
Financial Balance	−2 000	6 000	0
Earnings Before Tax	160 000	191 000	154 000
Tax	35 000	44 000	35 000
Net Income	125 000	146 000	119 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	312 000	429 000	192 000
Total Current Assets	424 000	576 000	507 000
Total Assets	736 000	1 005 000	698 000
Total Retained Equity	0	265 000	119 000
Total Equity	30 000	295 000	149 000
Total Long-Term Debt	1 000	6 000	6 000
Total Current Debt	705 000	704 000	544 000
Total Equity and Debt	736 000	1 005 000	698 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 687 000	2 500 000	1 098 000
Other Income	1 000	0	0
Revenue	2 688 000	2 500 000	1 098 000
Cost of Goods Sold	950 000	908 000	225 000
Salary Costs	536 000	260 000	337 000
Depreciation	116 000	74 000	23 000
Impairment	0	0	0
Expenditure	2 526 000	2 317 000	945 000
Operating Profit	162 000	184 000	154 000
Financial Income	1 000	10 000	0
Financial Costs	3 000	4 000	0
Financial Balance	−2 000	6 000	0
Dividends	125 000	0	0
Net Income	125 000	146 000	119 000

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	312 000	429 000	192 000
Total Tangible Assets	312 000	429 000	192 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	312 000	429 000	192 000
Stock	61 000	59 000	60 000
Total Investments	0	0	0
Cash, Bank	91 000	263 000	243 000
Total Current Assets	424 000	576 000	507 000
Total Assets	736 000	1 005 000	698 000
Total Equity	30 000	295 000	149 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 000	6 000	6 000
Creditors	347 000	199 000	20 000
Unpaid Taxes	96 000	33 000	0
Dividends	125 000	0	0
Other Current Debt	97 000	428 000	495 000
Total Current Debt	705 000	704 000	544 000
Total Equity and Debt	736 000	1 005 000	698 000

Financial indicators	2022	2021	2020
Return on Equity	416,67 %	49,49 %	79,87 %
Debt-to-Equity Ratio	0,03	0,02	0,04
Operating Profit Margin	6,03 %	7,36 %	14,03 %
Current Ratio	0,6	0,82	0,93
Quick Ratio	0,66	0,89	1,05
Equity Ratio	0,04	0,29	0,21
Gross Profit Margin	64,66 %	63,68 %	79,51 %