PADLESPESIALISTEN AS

4848 ARENDAL

Finances

Share Ownership

Return on Equity

6,82 %

Current Ratio

2,99

Debt-to-Equity Ratio

0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 482 000	20 447 000	14 434 000	9 346 000
Net Income	413 000	2 004 000	1 196 000	−102 000
Total Assets	12 647 000	9 734 000	7 089 000	5 401 000
Total Equity	6 052 000	5 640 000	4 126 000	2 930 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 482 000	20 447 000	14 434 000	9 346 000
Expenditure	14 497 000	17 702 000	12 818 000	9 335 000
Operating Profit	985 000	2 745 000	1 615 000	12 000
Financial Income	1 000	16 000	2 000	10 000
Financial Costs	454 000	191 000	85 000	148 000
Financial Balance	−453 000	−175 000	−83 000	−138 000
Earnings Before Tax	531 000	2 570 000	1 533 000	−127 000
Tax	118 000	566 000	337 000	−25 000
Net Income	413 000	2 004 000	1 196 000	−102 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	706 000	861 000	277 000	197 000
Total Current Assets	11 941 000	8 873 000	6 812 000	5 204 000
Total Assets	12 647 000	9 734 000	7 089 000	5 401 000
Total Retained Equity	5 452 000	5 040 000	3 526 000	2 330 000
Total Equity	6 052 000	5 640 000	4 126 000	2 930 000
Total Long-Term Debt	2 604 000	1 231 000	863 000	714 000
Total Current Debt	3 991 000	2 863 000	2 100 000	1 757 000
Total Equity and Debt	12 647 000	9 734 000	7 089 000	5 401 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 390 000	20 447 000	14 400 000	9 346 000
Other Income	92 000	0	34 000	0
Revenue	15 482 000	20 447 000	14 434 000	9 346 000
Cost of Goods Sold	9 583 000	12 760 000	8 217 000	5 312 000
Salary Costs	1 989 000	1 919 000	1 739 000	1 797 000
Depreciation	166 000	112 000	23 000	26 000
Impairment	0	0	0	0
Expenditure	14 497 000	17 702 000	12 818 000	9 335 000
Operating Profit	985 000	2 745 000	1 615 000	12 000
Financial Income	1 000	16 000	2 000	10 000
Financial Costs	454 000	191 000	85 000	148 000
Financial Balance	−453 000	−175 000	−83 000	−138 000
Dividends	0	490 000	0	0
Net Income	413 000	2 004 000	1 196 000	−102 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	146 000	164 000	219 000	177 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	25 000	0	0	0
Fixtures	534 000	697 000	58 000	20 000
Total Tangible Assets	560 000	697 000	58 000	20 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	706 000	861 000	277 000	197 000
Stock	11 008 000	7 919 000	4 454 000	4 619 000
Total Investments	0	0	0	0
Cash, Bank	104 000	174 000	1 655 000	101 000
Total Current Assets	11 941 000	8 873 000	6 812 000	5 204 000
Total Assets	12 647 000	9 734 000	7 089 000	5 401 000
Total Equity	6 052 000	5 640 000	4 126 000	2 930 000
Short-Term Group Debt	8 000	0	0	0
Total Long-Term Debt	2 604 000	1 231 000	863 000	714 000
Creditors	594 000	732 000	1 121 000	220 000
Unpaid Taxes	333 000	282 000	356 000	277 000
Dividends	0	490 000	0	0
Other Current Debt	588 000	295 000	244 000	290 000
Total Current Debt	3 991 000	2 863 000	2 100 000	1 757 000
Total Equity and Debt	12 647 000	9 734 000	7 089 000	5 401 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,82 %	35,53 %	28,99 %	−3,48 %
Debt-to-Equity Ratio	0,43	0,22	0,21	0,24
Operating Profit Margin	6,36 %	13,42 %	11,19 %	0,13 %
Current Ratio	2,99	3,1	3,24	2,96
Quick Ratio	−1,7	−1,75	−2,89	−1,82
Equity Ratio	0,48	0,58	0,58	0,54
Gross Profit Margin	38,1 %	37,59 %	43,07 %	43,16 %