STIFTELSEN PROGRESS

4017 STAVANGER

Finances

Share Ownership

Return on Equity

11,11 %

Current Ratio

137,62

Debt-to-Equity Ratio

0,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 450 000	1 408 000	1 368 000	1 340 000
Net Income	618 000	−1 435 000	749 000	854 000
Total Assets	8 714 000	8 549 000	10 422 000	10 077 000
Total Equity	5 562 000	4 944 000	6 379 000	5 630 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 450 000	1 408 000	1 368 000	1 340 000
Expenditure	673 000	2 870 000	619 000	557 000
Operating Profit	776 000	−1 462 000	750 000	783 000
Financial Income	17 000	108 000	90 000	225 000
Financial Costs	175 000	81 000	90 000	154 000
Financial Balance	−158 000	27 000	0	71 000
Earnings Before Tax	776 000	−1 462 000	750 000	783 000
Tax	0	0	0	0
Net Income	618 000	−1 435 000	749 000	854 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 246 000	2 587 000	2 928 000	3 269 000
Total Current Assets	6 468 000	5 963 000	7 494 000	6 808 000
Total Assets	8 714 000	8 549 000	10 422 000	10 077 000
Total Retained Equity	5 362 000	4 744 000	6 179 000	5 430 000
Total Equity	5 562 000	4 944 000	6 379 000	5 630 000
Total Long-Term Debt	3 105 000	3 545 000	3 976 000	4 398 000
Total Current Debt	47 000	60 000	67 000	49 000
Total Equity and Debt	8 714 000	8 549 000	10 422 000	10 077 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 450 000	1 408 000	1 368 000	1 340 000
Revenue	1 450 000	1 408 000	1 368 000	1 340 000
Cost of Goods Sold	0	0	0	0
Salary Costs	91 000	91 000	39 000	40 000
Depreciation	341 000	341 000	341 000	341 000
Impairment	0	0	0	0
Expenditure	673 000	2 870 000	619 000	557 000
Operating Profit	776 000	−1 462 000	750 000	783 000
Financial Income	17 000	108 000	90 000	225 000
Financial Costs	175 000	81 000	90 000	154 000
Financial Balance	−158 000	27 000	0	71 000
Dividends	0	0	0	0
Net Income	618 000	−1 435 000	749 000	854 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 246 000	2 587 000	2 928 000	3 269 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 246 000	2 587 000	2 928 000	3 269 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 246 000	2 587 000	2 928 000	3 269 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 663 000	1 051 000	2 693 000	2 090 000
Total Current Assets	6 468 000	5 963 000	7 494 000	6 808 000
Total Assets	8 714 000	8 549 000	10 422 000	10 077 000
Total Equity	5 562 000	4 944 000	6 379 000	5 630 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 105 000	3 545 000	3 976 000	4 398 000
Creditors	41 000	39 000	52 000	35 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	6 000	21 000	14 000	14 000
Total Current Debt	47 000	60 000	67 000	49 000
Total Equity and Debt	8 714 000	8 549 000	10 422 000	10 077 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,11 %	−29,03 %	11,74 %	15,17 %
Debt-to-Equity Ratio	0,56	0,72	0,62	0,78
Operating Profit Margin	53,52 %	−103,84 %	54,82 %	58,43 %
Current Ratio	137,62	99,38	111,85	138,94
Quick Ratio	137,62	99,38	111,85	138,94
Equity Ratio	0,64	0,58	0,61	0,56
Gross Profit Margin	100 %	100 %	100 %	100 %