ADVANCED ELECTRONICS AS

4331 ÅLGÅRD

Finances

Share Ownership

Return on Equity

37,7 %

Current Ratio

0,31

Debt-to-Equity Ratio

1,07

Key figures (NOK)	2022	2021	2020
Revenue	1 580 000	1 347 000	108 000
Net Income	69 000	52 000	32 000
Total Assets	1 472 000	990 000	195 000
Total Equity	183 000	114 000	62 000

Income (NOK)	2022	2021	2020
Revenue	1 580 000	1 347 000	108 000
Expenditure	1 465 000	1 260 000	66 000
Operating Profit	115 000	87 000	41 000
Financial Income	0	0	0
Financial Costs	21 000	20 000	0
Financial Balance	−21 000	−20 000	0
Earnings Before Tax	94 000	67 000	41 000
Tax	25 000	15 000	9 000
Net Income	69 000	52 000	32 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 135 000	581 000	46 000
Total Current Assets	337 000	410 000	149 000
Total Assets	1 472 000	990 000	195 000
Total Retained Equity	153 000	84 000	32 000
Total Equity	183 000	114 000	62 000
Total Long-Term Debt	196 000	429 000	3 000
Total Current Debt	1 093 000	447 000	130 000
Total Equity and Debt	1 472 000	990 000	195 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 380 000	1 347 000	108 000
Other Income	200 000	0	0
Revenue	1 580 000	1 347 000	108 000
Cost of Goods Sold	69 000	226 000	29 000
Salary Costs	783 000	593 000	0
Depreciation	111 000	38 000	2 000
Impairment	0	0	0
Expenditure	1 465 000	1 260 000	66 000
Operating Profit	115 000	87 000	41 000
Financial Income	0	0	0
Financial Costs	21 000	20 000	0
Financial Balance	−21 000	−20 000	0
Dividends	0	0	0
Net Income	69 000	52 000	32 000

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	807 000	519 000	0
Fixtures	328 000	61 000	46 000
Total Tangible Assets	1 135 000	581 000	46 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 135 000	581 000	46 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	26 000	301 000	14 000
Total Current Assets	337 000	410 000	149 000
Total Assets	1 472 000	990 000	195 000
Total Equity	183 000	114 000	62 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	196 000	429 000	3 000
Creditors	488 000	16 000	21 000
Unpaid Taxes	120 000	37 000	3 000
Dividends	0	0	0
Other Current Debt	485 000	394 000	100 000
Total Current Debt	1 093 000	447 000	130 000
Total Equity and Debt	1 472 000	990 000	195 000

Financial indicators	2022	2021	2020
Return on Equity	37,7 %	45,61 %	51,61 %
Debt-to-Equity Ratio	1,07	3,76	0,05
Operating Profit Margin	7,28 %	6,46 %	37,96 %
Current Ratio	0,31	0,92	1,15
Quick Ratio	0,31	0,92	1,15
Equity Ratio	0,12	0,12	0,32
Gross Profit Margin	95,63 %	83,22 %	73,15 %