AREA AS

5251 SØREIDGREND

Finances

Return on Equity

17,54 %

Current Ratio

21,13

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 187 000	1 056 000	1 590 000	2 071 000
Net Income	457 000	572 000	−351 000	−585 000
Total Assets	2 710 000	3 611 000	5 211 000	3 290 000
Total Equity	2 605 000	2 148 000	1 576 000	1 927 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 187 000	1 056 000	1 590 000	2 071 000
Expenditure	1 722 000	1 648 000	1 888 000	2 303 000
Operating Profit	−536 000	−593 000	−297 000	−231 000
Financial Income	1 346 000	1 543 000	46 000	23 000
Financial Costs	354 000	378 000	99 000	377 000
Financial Balance	992 000	1 165 000	−53 000	−354 000
Earnings Before Tax	457 000	572 000	−351 000	−585 000
Tax	0	0	0	0
Net Income	457 000	572 000	−351 000	−585 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	471 000	882 000	1 521 000	1 395 000
Total Current Assets	2 240 000	2 729 000	3 690 000	1 895 000
Total Assets	2 710 000	3 611 000	5 211 000	3 290 000
Total Retained Equity	2 005 000	1 548 000	976 000	1 327 000
Total Equity	2 605 000	2 148 000	1 576 000	1 927 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	106 000	1 463 000	3 635 000	1 363 000
Total Equity and Debt	2 710 000	3 611 000	5 211 000	3 290 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 187 000	1 056 000	1 583 000	1 960 000
Other Income	0	0	7 000	111 000
Revenue	1 187 000	1 056 000	1 590 000	2 071 000
Cost of Goods Sold	412 000	264 000	450 000	447 000
Salary Costs	849 000	843 000	891 000	963 000
Depreciation	4 000	26 000	31 000	31 000
Impairment	0	0	0	0
Expenditure	1 722 000	1 648 000	1 888 000	2 303 000
Operating Profit	−536 000	−593 000	−297 000	−231 000
Financial Income	1 346 000	1 543 000	46 000	23 000
Financial Costs	354 000	378 000	99 000	377 000
Financial Balance	992 000	1 165 000	−53 000	−354 000
Dividends	0	0	0	0
Net Income	457 000	572 000	−351 000	−585 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	12 000	16 000	19 000	23 000
Fixtures	0	0	23 000	50 000
Total Tangible Assets	12 000	16 000	42 000	73 000
Total Fiancial Fixed Assets	459 000	866 000	1 479 000	1 322 000
Total Fixed Assets	471 000	882 000	1 521 000	1 395 000
Stock	29 000	128 000	167 000	228 000
Total Investments	1 589 000	1 805 000	2 275 000	846 000
Cash, Bank	592 000	522 000	1 178 000	793 000
Total Current Assets	2 240 000	2 729 000	3 690 000	1 895 000
Total Assets	2 710 000	3 611 000	5 211 000	3 290 000
Total Equity	2 605 000	2 148 000	1 576 000	1 927 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	19 000	70 000	61 000	33 000
Unpaid Taxes	19 000	84 000	128 000	190 000
Dividends	0	0	0	0
Other Current Debt	68 000	1 309 000	3 447 000	1 140 000
Total Current Debt	106 000	1 463 000	3 635 000	1 363 000
Total Equity and Debt	2 710 000	3 611 000	5 211 000	3 290 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,54 %	26,63 %	−22,27 %	−30,36 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−45,16 %	−56,16 %	−18,68 %	−11,15 %
Current Ratio	21,13	1,87	1,02	1,39
Quick Ratio	29,09	2,04	1,06	1,67
Equity Ratio	0,96	0,59	0,3	0,59
Gross Profit Margin	65,29 %	75 %	71,7 %	78,42 %