ADVENT NORWAY AS

0164 OSLO

Finances

Share Ownership

Return on Equity

22,1 %

Current Ratio

2,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 359 000	18 799 000	19 110 000	17 282 000
Net Income	1 839 000	1 621 000	1 083 000	1 278 000
Total Assets	13 325 000	13 921 000	14 750 000	7 253 000
Total Equity	8 323 000	6 484 000	4 863 000	3 780 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 359 000	18 799 000	19 110 000	17 282 000
Expenditure	19 921 000	17 309 000	17 828 000	15 660 000
Operating Profit	3 439 000	1 490 000	1 282 000	1 622 000
Financial Income	0	64 000	151 000	1 000
Financial Costs	1 349 000	89 000	2 000	162 000
Financial Balance	−1 349 000	−25 000	149 000	−161 000
Earnings Before Tax	2 090 000	1 465 000	1 431 000	1 461 000
Tax	251 000	−156 000	348 000	183 000
Net Income	1 839 000	1 621 000	1 083 000	1 278 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 041 000	2 535 000	2 647 000	3 381 000
Total Current Assets	11 284 000	11 386 000	12 103 000	3 872 000
Total Assets	13 325 000	13 921 000	14 750 000	7 253 000
Total Retained Equity	7 123 000	5 284 000	3 663 000	2 579 000
Total Equity	8 323 000	6 484 000	4 863 000	3 780 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 002 000	7 437 000	9 887 000	3 474 000
Total Equity and Debt	13 325 000	13 921 000	14 750 000	7 253 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 359 000	18 799 000	19 110 000	17 282 000
Other Income	0	0	0	0
Revenue	23 359 000	18 799 000	19 110 000	17 282 000
Cost of Goods Sold	4 864 000	4 531 000	4 843 000	0
Salary Costs	11 922 000	10 804 000	10 625 000	12 571 000
Depreciation	243 000	269 000	269 000	13 000
Impairment	0	0	0	0
Expenditure	19 921 000	17 309 000	17 828 000	15 660 000
Operating Profit	3 439 000	1 490 000	1 282 000	1 622 000
Financial Income	0	64 000	151 000	1 000
Financial Costs	1 349 000	89 000	2 000	162 000
Financial Balance	−1 349 000	−25 000	149 000	−161 000
Dividends	0	0	0	0
Net Income	1 839 000	1 621 000	1 083 000	1 278 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	486 000	729 000	972 000	1 332 000
Total Intangible Assets	2 041 000	2 535 000	2 621 000	3 329 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	26 000	52 000
Total Tangible Assets	0	0	26 000	52 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 041 000	2 535 000	2 647 000	3 381 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 195 000	2 105 000	1 153 000	2 417 000
Total Current Assets	11 284 000	11 386 000	12 103 000	3 872 000
Total Assets	13 325 000	13 921 000	14 750 000	7 253 000
Total Equity	8 323 000	6 484 000	4 863 000	3 780 000
Short-Term Group Debt	1 507 000	1 345 000	5 289 000	0
Total Long-Term Debt	0	0	0	0
Creditors	400 000	339 000	183 000	196 000
Unpaid Taxes	1 345 000	2 655 000	1 250 000	1 128 000
Dividends	0	0	0	0
Other Current Debt	1 750 000	3 099 000	3 165 000	2 150 000
Total Current Debt	5 002 000	7 437 000	9 887 000	3 474 000
Total Equity and Debt	13 325 000	13 921 000	14 750 000	7 253 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,1 %	25 %	22,27 %	33,81 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,72 %	7,93 %	6,71 %	9,39 %
Current Ratio	2,26	1,53	1,22	1,11
Quick Ratio	2,26	1,53	1,22	1,11
Equity Ratio	0,62	0,47	0,33	0,52
Gross Profit Margin	79,18 %	75,9 %	74,66 %	100 %