AVENCO AS

1367 SNARØYA

Finances

Share Ownership

Return on Equity

68,43 %

Current Ratio

1,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 930 000	4 152 000	10 373 000	27 682 000
Net Income	906 000	688 000	546 000	190 000
Total Assets	2 702 000	1 486 000	4 498 000	10 056 000
Total Equity	1 324 000	867 000	479 000	3 095 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 930 000	4 152 000	10 373 000	27 682 000
Expenditure	3 847 000	3 426 000	9 865 000	27 037 000
Operating Profit	1 084 000	727 000	508 000	645 000
Financial Income	40 000	44 000	151 000	132 000
Financial Costs	26 000	22 000	113 000	284 000
Financial Balance	14 000	22 000	38 000	−152 000
Earnings Before Tax	1 097 000	749 000	546 000	493 000
Tax	191 000	60 000	0	303 000
Net Income	906 000	688 000	546 000	190 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	4 000	41 000	767 000
Total Current Assets	2 702 000	1 482 000	4 457 000	9 289 000
Total Assets	2 702 000	1 486 000	4 498 000	10 056 000
Total Retained Equity	844 000	388 000	0	2 452 000
Total Equity	1 324 000	867 000	479 000	3 095 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 378 000	619 000	4 019 000	6 960 000
Total Equity and Debt	2 702 000	1 486 000	4 498 000	10 056 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 930 000	4 152 000	10 304 000	27 449 000
Other Income	0	0	68 000	233 000
Revenue	4 930 000	4 152 000	10 373 000	27 682 000
Cost of Goods Sold	3 056 000	2 471 000	7 410 000	22 996 000
Salary Costs	590 000	406 000	1 368 000	2 567 000
Depreciation	4 000	37 000	165 000	291 000
Impairment	0	0	0	0
Expenditure	3 847 000	3 426 000	9 865 000	27 037 000
Operating Profit	1 084 000	727 000	508 000	645 000
Financial Income	40 000	44 000	151 000	132 000
Financial Costs	26 000	22 000	113 000	284 000
Financial Balance	14 000	22 000	38 000	−152 000
Dividends	450 000	300 000	3 163 000	5 000 000
Net Income	906 000	688 000	546 000	190 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	15 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	4 000	41 000	752 000
Total Tangible Assets	0	4 000	41 000	752 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	4 000	41 000	767 000
Stock	89 000	93 000	0	1 000 000
Total Investments	0	0	0	357 000
Cash, Bank	1 645 000	679 000	3 510 000	6 283 000
Total Current Assets	2 702 000	1 482 000	4 457 000	9 289 000
Total Assets	2 702 000	1 486 000	4 498 000	10 056 000
Total Equity	1 324 000	867 000	479 000	3 095 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	479 000	93 000	545 000	632 000
Unpaid Taxes	195 000	122 000	186 000	728 000
Dividends	450 000	300 000	3 163 000	5 000 000
Other Current Debt	62 000	43 000	125 000	298 000
Total Current Debt	1 378 000	619 000	4 019 000	6 960 000
Total Equity and Debt	2 702 000	1 486 000	4 498 000	10 056 000

Financial indicators	2022	2021	2020	2019
Return on Equity	68,43 %	79,35 %	113,99 %	6,14 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	21,99 %	17,51 %	4,9 %	2,33 %
Current Ratio	1,96	2,39	1,11	1,33
Quick Ratio	2,1	2,82	1,11	1,56
Equity Ratio	0,49	0,58	0,11	0,31
Gross Profit Margin	38,01 %	40,49 %	28,56 %	16,93 %