ÅRDALSNETT AS

6884 ØVRE ÅRDAL

Finances

Return on Equity

4,5 %

Current Ratio

2,03

Debt-to-Equity Ratio

0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 232 000	28 611 000	27 819 000	25 704 000
Net Income	1 596 000	1 631 000	1 894 000	414 000
Total Assets	58 683 000	59 571 000	68 227 000	67 543 000
Total Equity	35 497 000	33 901 000	32 270 000	30 376 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 232 000	28 611 000	27 819 000	25 704 000
Expenditure	27 768 000	25 670 000	24 206 000	23 701 000
Operating Profit	2 464 000	2 940 000	3 612 000	2 004 000
Financial Income	206 000	26 000	104 000	92 000
Financial Costs	725 000	1 015 000	1 039 000	1 414 000
Financial Balance	−519 000	−989 000	−935 000	−1 322 000
Earnings Before Tax	1 944 000	1 951 000	2 677 000	681 000
Tax	349 000	320 000	783 000	267 000
Net Income	1 596 000	1 631 000	1 894 000	414 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	50 012 000	52 870 000	57 677 000	56 267 000
Total Current Assets	8 671 000	6 701 000	10 550 000	11 276 000
Total Assets	58 683 000	59 571 000	68 227 000	67 543 000
Total Retained Equity	16 205 000	14 609 000	12 978 000	11 084 000
Total Equity	35 497 000	33 901 000	32 270 000	30 376 000
Total Long-Term Debt	18 912 000	22 141 000	31 341 000	34 300 000
Total Current Debt	4 275 000	3 530 000	4 616 000	2 867 000
Total Equity and Debt	58 683 000	59 571 000	68 227 000	67 543 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 457 000	26 152 000	27 644 000	25 482 000
Other Income	1 775 000	2 459 000	174 000	222 000
Revenue	30 232 000	28 611 000	27 819 000	25 704 000
Cost of Goods Sold	9 983 000	8 104 000	7 344 000	7 773 000
Salary Costs	7 701 000	8 574 000	8 752 000	6 861 000
Depreciation	3 842 000	3 713 000	3 491 000	3 477 000
Impairment	0	0	0	108 000
Expenditure	27 768 000	25 670 000	24 206 000	23 701 000
Operating Profit	2 464 000	2 940 000	3 612 000	2 004 000
Financial Income	206 000	26 000	104 000	92 000
Financial Costs	725 000	1 015 000	1 039 000	1 414 000
Financial Balance	−519 000	−989 000	−935 000	−1 322 000
Dividends	0	0	0	0
Net Income	1 596 000	1 631 000	1 894 000	414 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 336 000	1 370 000	1 369 000	1 699 000
Real Eastate	0	0	3 206 000	3 206 000
Machinery and Plant Facilities	44 713 000	46 357 000	46 898 000	44 470 000
Fixtures	3 387 000	4 521 000	5 229 000	6 281 000
Total Tangible Assets	48 100 000	50 878 000	55 333 000	53 957 000
Total Fiancial Fixed Assets	575 000	623 000	975 000	612 000
Total Fixed Assets	50 012 000	52 870 000	57 677 000	56 267 000
Stock	239 000	474 000	73 000	120 000
Total Investments	0	0	0	0
Cash, Bank	5 989 000	5 096 000	8 252 000	9 803 000
Total Current Assets	8 671 000	6 701 000	10 550 000	11 276 000
Total Assets	58 683 000	59 571 000	68 227 000	67 543 000
Total Equity	35 497 000	33 901 000	32 270 000	30 376 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 912 000	22 141 000	31 341 000	34 300 000
Creditors	2 152 000	1 661 000	2 639 000	1 223 000
Unpaid Taxes	1 299 000	967 000	620 000	625 000
Dividends	0	0	0	0
Other Current Debt	823 000	902 000	904 000	925 000
Total Current Debt	4 275 000	3 530 000	4 616 000	2 867 000
Total Equity and Debt	58 683 000	59 571 000	68 227 000	67 543 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,5 %	4,81 %	5,87 %	1,36 %
Debt-to-Equity Ratio	0,53	0,65	0,97	1,13
Operating Profit Margin	8,15 %	10,28 %	12,98 %	7,8 %
Current Ratio	2,03	1,9	2,29	3,93
Quick Ratio	2,15	2,19	2,32	4,1
Equity Ratio	0,6	0,57	0,47	0,45
Gross Profit Margin	66,98 %	71,68 %	73,6 %	69,76 %