JOARS AS

4007 STAVANGER

Finances

Return on Equity

48,89 %

Current Ratio

0,89

Debt-to-Equity Ratio

0,62

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 524 000	5 370 000	5 435 000	3 826 000
Net Income	3 092 000	2 479 000	814 000	156 000
Total Assets	13 231 000	13 919 000	12 359 000	13 118 000
Total Equity	6 324 000	4 231 000	3 353 000	2 538 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 524 000	5 370 000	5 435 000	3 826 000
Expenditure	4 178 000	4 420 000	4 086 000	3 809 000
Operating Profit	1 347 000	950 000	1 350 000	17 000
Financial Income	2 201 000	1 895 000	0	493 000
Financial Costs	203 000	202 000	306 000	318 000
Financial Balance	1 998 000	1 693 000	−306 000	175 000
Earnings Before Tax	3 344 000	2 643 000	1 044 000	192 000
Tax	252 000	165 000	230 000	36 000
Net Income	3 092 000	2 479 000	814 000	156 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 564 000	11 688 000	11 915 000	11 025 000
Total Current Assets	2 667 000	2 231 000	444 000	2 093 000
Total Assets	13 231 000	13 919 000	12 359 000	13 118 000
Total Retained Equity	6 222 000	4 130 000	3 251 000	2 437 000
Total Equity	6 324 000	4 231 000	3 353 000	2 538 000
Total Long-Term Debt	3 919 000	6 990 000	8 297 000	8 642 000
Total Current Debt	2 988 000	2 698 000	709 000	1 937 000
Total Equity and Debt	13 231 000	13 919 000	12 359 000	13 118 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 524 000	5 370 000	5 435 000	3 826 000
Other Income	0	0	0	0
Revenue	5 524 000	5 370 000	5 435 000	3 826 000
Cost of Goods Sold	63 000	63 000	23 000	25 000
Salary Costs	228 000	0	0	0
Depreciation	2 207 000	2 021 000	1 592 000	1 346 000
Impairment	0	0	0	0
Expenditure	4 178 000	4 420 000	4 086 000	3 809 000
Operating Profit	1 347 000	950 000	1 350 000	17 000
Financial Income	2 201 000	1 895 000	0	493 000
Financial Costs	203 000	202 000	306 000	318 000
Financial Balance	1 998 000	1 693 000	−306 000	175 000
Dividends	1 000 000	0	0	0
Net Income	3 092 000	2 479 000	814 000	156 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	904 000	2 225 000
Machinery and Plant Facilities	7 965 000	0	0	0
Fixtures	0	9 903 000	8 821 000	7 881 000
Total Tangible Assets	7 965 000	9 903 000	9 725 000	10 105 000
Total Fiancial Fixed Assets	2 599 000	1 785 000	2 190 000	920 000
Total Fixed Assets	10 564 000	11 688 000	11 915 000	11 025 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	144 000	345 000	101 000	152 000
Total Current Assets	2 667 000	2 231 000	444 000	2 093 000
Total Assets	13 231 000	13 919 000	12 359 000	13 118 000
Total Equity	6 324 000	4 231 000	3 353 000	2 538 000
Short-Term Group Debt	2 200 000	0	0	0
Total Long-Term Debt	3 919 000	6 990 000	8 297 000	8 642 000
Creditors	8 000	40 000	92 000	1 337 000
Unpaid Taxes	269 000	176 000	142 000	0
Dividends	1 000 000	0	0	0
Other Current Debt	212 000	2 335 000	300 000	600 000
Total Current Debt	2 988 000	2 698 000	709 000	1 937 000
Total Equity and Debt	13 231 000	13 919 000	12 359 000	13 118 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,89 %	58,59 %	24,28 %	6,15 %
Debt-to-Equity Ratio	0,62	1,65	2,47	3,41
Operating Profit Margin	24,38 %	17,69 %	24,84 %	0,44 %
Current Ratio	0,89	0,83	0,63	1,08
Quick Ratio	0,89	0,83	0,63	1,08
Equity Ratio	0,48	0,3	0,27	0,19
Gross Profit Margin	98,86 %	98,83 %	99,58 %	99,35 %