AZOLVER NORGE AS

1470 LØRENSKOG

Finances

Share Ownership

Return on Equity

−32,34 %

Current Ratio

1,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	88 138 000	95 748 000	92 356 000	82 731 000
Net Income	−5 098 000	5 243 000	−8 926 000	−16 430 000
Total Assets	36 313 000	48 138 000	74 870 000	95 942 000
Total Equity	15 764 000	20 862 000	34 099 000	49 551 000

Income (NOK)	2022	2021	2020	2019
Revenue	88 138 000	95 748 000	92 356 000	82 731 000
Expenditure	94 143 000	96 229 000	106 624 000	103 863 000
Operating Profit	−6 005 000	−481 000	−14 269 000	−21 132 000
Financial Income	276 000	8 625 000	5 529 000	1 638 000
Financial Costs	141 000	792 000	2 110 000	994 000
Financial Balance	135 000	7 833 000	3 419 000	644 000
Earnings Before Tax	−5 867 000	7 351 000	−10 851 000	−20 488 000
Tax	−769 000	2 108 000	−1 924 000	−4 058 000
Net Income	−5 098 000	5 243 000	−8 926 000	−16 430 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 925 000	15 677 000	20 456 000	22 865 000
Total Current Assets	22 388 000	32 461 000	54 414 000	73 078 000
Total Assets	36 313 000	48 138 000	74 870 000	95 942 000
Total Retained Equity	−5 731 000	−634 000	−5 877 000	3 050 000
Total Equity	15 764 000	20 862 000	34 099 000	49 551 000
Total Long-Term Debt	0	195 000	6 516 000	9 841 000
Total Current Debt	20 549 000	27 081 000	34 255 000	36 551 000
Total Equity and Debt	36 313 000	48 138 000	74 870 000	95 942 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	88 132 000	95 406 000	92 356 000	81 531 000
Other Income	6 000	342 000	0	1 200 000
Revenue	88 138 000	95 748 000	92 356 000	82 731 000
Cost of Goods Sold	29 646 000	29 522 000	35 395 000	32 621 000
Salary Costs	34 048 000	34 570 000	31 015 000	36 978 000
Depreciation	2 066 000	2 211 000	2 318 000	2 378 000
Impairment	0	0	0	0
Expenditure	94 143 000	96 229 000	106 624 000	103 863 000
Operating Profit	−6 005 000	−481 000	−14 269 000	−21 132 000
Financial Income	276 000	8 625 000	5 529 000	1 638 000
Financial Costs	141 000	792 000	2 110 000	994 000
Financial Balance	135 000	7 833 000	3 419 000	644 000
Dividends	0	0	0	0
Net Income	−5 098 000	5 243 000	−8 926 000	−16 430 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	9 170 000	11 169 000	13 169 000	15 168 000
Total Intangible Assets	13 653 000	14 882 000	18 990 000	21 289 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	78 000	140 000	294 000	681 000
Total Tangible Assets	78 000	140 000	294 000	681 000
Total Fiancial Fixed Assets	195 000	654 000	1 171 000	894 000
Total Fixed Assets	13 925 000	15 677 000	20 456 000	22 865 000
Stock	1 163 000	1 307 000	2 225 000	378 000
Total Investments	0	0	0	0
Cash, Bank	15 071 000	20 595 000	33 735 000	45 708 000
Total Current Assets	22 388 000	32 461 000	54 414 000	73 078 000
Total Assets	36 313 000	48 138 000	74 870 000	95 942 000
Total Equity	15 764 000	20 862 000	34 099 000	49 551 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	195 000	6 516 000	9 841 000
Creditors	3 821 000	7 718 000	14 814 000	13 409 000
Unpaid Taxes	5 298 000	5 230 000	4 437 000	2 499 000
Dividends	0	0	0	0
Other Current Debt	11 430 000	14 134 000	15 005 000	20 643 000
Total Current Debt	20 549 000	27 081 000	34 255 000	36 551 000
Total Equity and Debt	36 313 000	48 138 000	74 870 000	95 942 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−32,34 %	25,13 %	−26,18 %	−33,16 %
Debt-to-Equity Ratio	0	0,01	0,19	0,2
Operating Profit Margin	−6,81 %	−0,5 %	−15,45 %	−25,54 %
Current Ratio	1,09	1,2	1,59	2
Quick Ratio	1,15	1,26	1,7	2,02
Equity Ratio	0,43	0,43	0,46	0,52
Gross Profit Margin	66,36 %	69,17 %	61,68 %	60,57 %