AVONOVA SOLUTIONS AS

3264 LARVIK

Finances

Share Ownership

Return on Equity

32,86 %

Current Ratio

0,61

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020
Revenue	155 690 000	100 331 000	65 696 000
Net Income	942 000	801 000	−8 343 000
Total Assets	116 697 000	79 406 000	32 854 000
Total Equity	2 867 000	2 787 000	1 856 000

Income (NOK)	2022	2021	2020
Revenue	155 690 000	100 331 000	65 696 000
Expenditure	150 584 000	100 172 000	75 714 000
Operating Profit	5 106 000	158 000	−10 017 000
Financial Income	238 000	86 000	8 000
Financial Costs	2 196 000	412 000	123 000
Financial Balance	−1 958 000	−326 000	−115 000
Earnings Before Tax	3 148 000	−167 000	−10 133 000
Tax	2 205 000	−968 000	−1 790 000
Net Income	942 000	801 000	−8 343 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	46 842 000	36 635 000	16 684 000
Total Current Assets	69 855 000	42 771 000	16 170 000
Total Assets	116 697 000	79 406 000	32 854 000
Total Retained Equity	−7 462 000	−7 542 000	−8 343 000
Total Equity	2 867 000	2 787 000	1 856 000
Total Long-Term Debt	102 000	0	0
Total Current Debt	113 729 000	76 619 000	30 998 000
Total Equity and Debt	116 697 000	79 406 000	32 854 000

Cash flow (NOK)	2022	2021	2020
Sales Income	155 690 000	100 331 000	65 696 000
Other Income	0	0	0
Revenue	155 690 000	100 331 000	65 696 000
Cost of Goods Sold	21 214 000	7 119 000	3 093 000
Salary Costs	67 512 000	52 162 000	43 854 000
Depreciation	17 744 000	9 783 000	5 971 000
Impairment	0	0	0
Expenditure	150 584 000	100 172 000	75 714 000
Operating Profit	5 106 000	158 000	−10 017 000
Financial Income	238 000	86 000	8 000
Financial Costs	2 196 000	412 000	123 000
Financial Balance	−1 958 000	−326 000	−115 000
Dividends	0	0	0
Net Income	942 000	801 000	−8 343 000

Balance details (NOK)	2022	2021	2020
Goodwill	2 269 000	4 537 000	6 806 000
Total Intangible Assets	2 269 000	6 105 000	7 442 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	43 496 000	25 618 000	9 130 000
Total Tangible Assets	43 496 000	25 618 000	9 130 000
Total Fiancial Fixed Assets	1 078 000	4 912 000	112 000
Total Fixed Assets	46 842 000	36 635 000	16 684 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	4 137 000	6 910 000	855 000
Total Current Assets	69 855 000	42 771 000	16 170 000
Total Assets	116 697 000	79 406 000	32 854 000
Total Equity	2 867 000	2 787 000	1 856 000
Short-Term Group Debt	56 978 000	33 104 000	7 400 000
Total Long-Term Debt	102 000	0	0
Creditors	23 551 000	4 440 000	120 000
Unpaid Taxes	11 437 000	8 921 000	2 965 000
Dividends	0	0	0
Other Current Debt	13 816 000	18 347 000	5 659 000
Total Current Debt	113 729 000	76 619 000	30 998 000
Total Equity and Debt	116 697 000	79 406 000	32 854 000

Financial indicators	2022	2021	2020
Return on Equity	32,86 %	28,74 %	−449,52 %
Debt-to-Equity Ratio	0,04	0	0
Operating Profit Margin	3,28 %	0,16 %	−15,25 %
Current Ratio	0,61	0,56	0,52
Quick Ratio	0,61	0,56	0,52
Equity Ratio	0,02	0,04	0,06
Gross Profit Margin	86,37 %	92,9 %	95,29 %