ABLE PRODUCTS AS

3135 TORØD

Finances

Return on Equity

18,53 %

Current Ratio

2,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	2 023 000	4 317 000	134 000	2 218 000
Total Assets	11 948 000	10 310 000	13 747 000	18 584 000
Total Equity	10 920 000	10 011 000	13 695 000	13 560 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	39 000	30 000	29 000	36 000
Operating Profit	−39 000	−30 000	−29 000	−36 000
Financial Income	2 091 000	4 395 000	201 000	2 277 000
Financial Costs	0	0	0	0
Financial Balance	2 091 000	4 395 000	201 000	2 277 000
Earnings Before Tax	2 052 000	4 365 000	172 000	2 241 000
Tax	28 000	48 000	38 000	24 000
Net Income	2 023 000	4 317 000	134 000	2 218 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 875 000	10 036 000	11 035 000	13 035 000
Total Current Assets	2 073 000	274 000	2 712 000	5 549 000
Total Assets	11 948 000	10 310 000	13 747 000	18 584 000
Total Retained Equity	9 623 000	8 715 000	12 398 000	12 264 000
Total Equity	10 920 000	10 011 000	13 695 000	13 560 000
Total Long-Term Debt	10 000	0	0	15 000
Total Current Debt	1 019 000	298 000	52 000	5 009 000
Total Equity and Debt	11 948 000	10 310 000	13 747 000	18 584 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	39 000	30 000	29 000	36 000
Operating Profit	−39 000	−30 000	−29 000	−36 000
Financial Income	2 091 000	4 395 000	201 000	2 277 000
Financial Costs	0	0	0	0
Financial Balance	2 091 000	4 395 000	201 000	2 277 000
Dividends	1 115 000	8 000 000	0	5 000 000
Net Income	2 023 000	4 317 000	134 000	2 218 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	80 000	80 000	80 000	80 000
Total Tangible Assets	80 000	80 000	80 000	80 000
Total Fiancial Fixed Assets	9 795 000	9 955 000	10 955 000	12 955 000
Total Fixed Assets	9 875 000	10 036 000	11 035 000	13 035 000
Stock	0	0	0	0
Total Investments	1 000	0	0	0
Cash, Bank	106 000	274 000	2 712 000	3 349 000
Total Current Assets	2 073 000	274 000	2 712 000	5 549 000
Total Assets	11 948 000	10 310 000	13 747 000	18 584 000
Total Equity	10 920 000	10 011 000	13 695 000	13 560 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 000	0	0	15 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	1 115 000	8 000 000	0	5 000 000
Other Current Debt	500 000	250 000	0	0
Total Current Debt	1 019 000	298 000	52 000	5 009 000
Total Equity and Debt	11 948 000	10 310 000	13 747 000	18 584 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,53 %	43,12 %	0,98 %	16,36 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	-
Current Ratio	2,03	0,92	52,15	1,11
Quick Ratio	2,03	0,92	52,15	1,11
Equity Ratio	0,91	0,97	1	0,73
Gross Profit Margin	-	-	-	-