ABELSETH & CO AS

5585 SANDEID

Finances

Return on Equity

76,54 %

Current Ratio

1,98

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	771 000	527 000	238 000
Net Income	3 667 000	322 000	187 000
Total Assets	6 253 000	1 273 000	885 000
Total Equity	4 791 000	1 124 000	802 000

Income (NOK)	2022	2021	2020
Revenue	771 000	527 000	238 000
Expenditure	287 000	114 000	5 000
Operating Profit	484 000	413 000	233 000
Financial Income	3 300 000	0	0
Financial Costs	10 000	0	0
Financial Balance	3 290 000	0	0
Earnings Before Tax	3 774 000	413 000	233 000
Tax	107 000	91 000	46 000
Net Income	3 667 000	322 000	187 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	3 364 000	597 000	597 000
Total Current Assets	2 889 000	676 000	288 000
Total Assets	6 253 000	1 273 000	885 000
Total Retained Equity	4 176 000	509 000	187 000
Total Equity	4 791 000	1 124 000	802 000
Total Long-Term Debt	0	0	0
Total Current Debt	1 462 000	149 000	84 000
Total Equity and Debt	6 253 000	1 273 000	885 000

Cash flow (NOK)	2022	2021	2020
Sales Income	771 000	527 000	238 000
Other Income	0	0	0
Revenue	771 000	527 000	238 000
Cost of Goods Sold	171 000	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	287 000	114 000	5 000
Operating Profit	484 000	413 000	233 000
Financial Income	3 300 000	0	0
Financial Costs	10 000	0	0
Financial Balance	3 290 000	0	0
Dividends	0	0	0
Net Income	3 667 000	322 000	187 000

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	3 364 000	597 000	597 000
Total Fixed Assets	3 364 000	597 000	597 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	378 000	612 000	241 000
Total Current Assets	2 889 000	676 000	288 000
Total Assets	6 253 000	1 273 000	885 000
Total Equity	4 791 000	1 124 000	802 000
Short-Term Group Debt	900 000	0	0
Total Long-Term Debt	0	0	0
Creditors	123 000	0	0
Unpaid Taxes	21 000	14 000	28 000
Dividends	0	0	0
Other Current Debt	311 000	45 000	10 000
Total Current Debt	1 462 000	149 000	84 000
Total Equity and Debt	6 253 000	1 273 000	885 000

Financial indicators	2022	2021	2020
Return on Equity	76,54 %	28,65 %	23,32 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	62,78 %	78,37 %	97,9 %
Current Ratio	1,98	4,54	3,43
Quick Ratio	1,98	4,54	3,43
Equity Ratio	0,77	0,88	0,91
Gross Profit Margin	77,82 %	100 %	100 %