PAVELS INNOVATION AS

3933 PORSGRUNN

Finances

Return on Equity

20,9 %

Current Ratio

2,34

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 034 000	9 823 000	7 128 000	5 066 000
Net Income	1 418 000	2 039 000	123 000	−367 000
Total Assets	8 795 000	7 628 000	5 931 000	5 945 000
Total Equity	6 784 000	5 366 000	3 727 000	3 604 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 034 000	9 823 000	7 128 000	5 066 000
Expenditure	11 268 000	8 826 000	7 560 000	5 843 000
Operating Profit	−235 000	997 000	−432 000	−777 000
Financial Income	1 727 000	1 106 000	651 000	529 000
Financial Costs	75 000	65 000	95 000	118 000
Financial Balance	1 652 000	1 041 000	556 000	411 000
Earnings Before Tax	1 418 000	2 039 000	123 000	−367 000
Tax	0	0	0	0
Net Income	1 418 000	2 039 000	123 000	−367 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 712 000	4 219 000	4 272 000	4 523 000
Total Current Assets	4 083 000	3 409 000	1 659 000	1 422 000
Total Assets	8 795 000	7 628 000	5 931 000	5 945 000
Total Retained Equity	470 000	−948 000	−2 586 000	−2 710 000
Total Equity	6 784 000	5 366 000	3 727 000	3 604 000
Total Long-Term Debt	264 000	767 000	1 427 000	1 119 000
Total Current Debt	1 748 000	1 496 000	777 000	1 222 000
Total Equity and Debt	8 795 000	7 628 000	5 931 000	5 945 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 558 000	9 446 000	6 761 000	4 677 000
Other Income	476 000	377 000	368 000	389 000
Revenue	11 034 000	9 823 000	7 128 000	5 066 000
Cost of Goods Sold	5 406 000	3 999 000	4 039 000	2 122 000
Salary Costs	3 237 000	3 323 000	2 247 000	2 068 000
Depreciation	103 000	177 000	293 000	583 000
Impairment	0	0	0	0
Expenditure	11 268 000	8 826 000	7 560 000	5 843 000
Operating Profit	−235 000	997 000	−432 000	−777 000
Financial Income	1 727 000	1 106 000	651 000	529 000
Financial Costs	75 000	65 000	95 000	118 000
Financial Balance	1 652 000	1 041 000	556 000	411 000
Dividends	0	400 000	0	0
Net Income	1 418 000	2 039 000	123 000	−367 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	559 000	239 000	350 000	547 000
Real Eastate	0	22 000	0	0
Machinery and Plant Facilities	0	43 000	49 000	20 000
Fixtures	331 000	94 000	41 000	124 000
Total Tangible Assets	331 000	159 000	89 000	144 000
Total Fiancial Fixed Assets	3 822 000	3 822 000	3 833 000	3 833 000
Total Fixed Assets	4 712 000	4 219 000	4 272 000	4 523 000
Stock	0	0	12 000	0
Total Investments	0	0	0	0
Cash, Bank	910 000	200 000	204 000	101 000
Total Current Assets	4 083 000	3 409 000	1 659 000	1 422 000
Total Assets	8 795 000	7 628 000	5 931 000	5 945 000
Total Equity	6 784 000	5 366 000	3 727 000	3 604 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	264 000	767 000	1 427 000	1 119 000
Creditors	1 039 000	475 000	168 000	716 000
Unpaid Taxes	361 000	382 000	406 000	359 000
Dividends	0	400 000	0	0
Other Current Debt	348 000	239 000	202 000	147 000
Total Current Debt	1 748 000	1 496 000	777 000	1 222 000
Total Equity and Debt	8 795 000	7 628 000	5 931 000	5 945 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,9 %	38 %	3,3 %	−10,18 %
Debt-to-Equity Ratio	0,04	0,14	0,38	0,31
Operating Profit Margin	−2,13 %	10,15 %	−6,06 %	−15,34 %
Current Ratio	2,34	2,28	2,14	1,16
Quick Ratio	2,34	2,28	2,17	1,16
Equity Ratio	0,77	0,7	0,63	0,61
Gross Profit Margin	51,01 %	59,29 %	43,34 %	58,11 %