AVANTE AS

2080 EIDSVOLL

Finances

Return on Equity

−28,12 %

Current Ratio

31,09

Debt-to-Equity Ratio

0,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−502 000	−371 000	−341 000	−614 000
Total Assets	2 647 000	3 458 000	4 228 000	6 378 000
Total Equity	1 785 000	2 617 000	3 388 000	3 729 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	508 000	374 000	350 000	616 000
Operating Profit	−507 000	−374 000	−350 000	−616 000
Financial Income	5 000	4 000	9 000	2 000
Financial Costs	0	0	0	0
Financial Balance	5 000	4 000	9 000	2 000
Earnings Before Tax	−503 000	−371 000	−341 000	−614 000
Tax	0	0	0	0
Net Income	−502 000	−371 000	−341 000	−614 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	532 000	538 000	515 000	515 000
Total Current Assets	2 114 000	2 920 000	3 713 000	5 864 000
Total Assets	2 647 000	3 458 000	4 228 000	6 378 000
Total Retained Equity	1 685 000	2 517 000	3 288 000	3 629 000
Total Equity	1 785 000	2 617 000	3 388 000	3 729 000
Total Long-Term Debt	795 000	795 000	795 000	795 000
Total Current Debt	68 000	46 000	46 000	1 855 000
Total Equity and Debt	2 647 000	3 458 000	4 228 000	6 378 000

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	363 000	233 000	264 000	475 000
Depreciation	6 000	6 000	0	0
Impairment	0	0	0	0
Expenditure	508 000	374 000	350 000	616 000
Operating Profit	−507 000	−374 000	−350 000	−616 000
Financial Income	5 000	4 000	9 000	2 000
Financial Costs	0	0	0	0
Financial Balance	5 000	4 000	9 000	2 000
Dividends	330 000	0	0	1 400 000
Net Income	−502 000	−371 000	−341 000	−614 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	175 000	175 000	175 000	175 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	17 000	23 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	17 000	23 000	0	0
Total Fiancial Fixed Assets	340 000	340 000	340 000	340 000
Total Fixed Assets	532 000	538 000	515 000	515 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 968 000	2 749 000	3 713 000	5 864 000
Total Current Assets	2 114 000	2 920 000	3 713 000	5 864 000
Total Assets	2 647 000	3 458 000	4 228 000	6 378 000
Total Equity	1 785 000	2 617 000	3 388 000	3 729 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	795 000	795 000	795 000	795 000
Creditors	32 000	25 000	3 000	8 000
Unpaid Taxes	13 000	12 000	7 000	15 000
Dividends	330 000	0	0	1 400 000
Other Current Debt	23 000	8 000	37 000	432 000
Total Current Debt	68 000	46 000	46 000	1 855 000
Total Equity and Debt	2 647 000	3 458 000	4 228 000	6 378 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−28,12 %	−14,18 %	−10,06 %	−16,47 %
Debt-to-Equity Ratio	0,45	0,3	0,23	0,21
Operating Profit Margin	-	-	-	-
Current Ratio	31,09	63,48	80,72	3,16
Quick Ratio	31,09	63,48	80,72	3,16
Equity Ratio	0,67	0,76	0,8	0,58
Gross Profit Margin	-	-	-	-