ARES UTLEIE AS

3550 GOL

Finances

Return on Equity

262,3 %

Current Ratio

4,91

Debt-to-Equity Ratio

−27,48

Key figures (NOK)	2022	2021	2020	2019
Revenue	721 000	344 000	407 000	370 000
Net Income	−160 000	−435 000	−420 000	−401 000
Total Assets	1 681 000	1 649 000	1 614 000	1 802 000
Total Equity	−61 000	99 000	534 000	954 000

Income (NOK)	2022	2021	2020	2019
Revenue	721 000	344 000	407 000	370 000
Expenditure	890 000	788 000	837 000	780 000
Operating Profit	−169 000	−444 000	−431 000	−411 000
Financial Income	9 000	10 000	10 000	10 000
Financial Costs	0	0	0	0
Financial Balance	9 000	10 000	10 000	10 000
Earnings Before Tax	−160 000	−435 000	−420 000	−401 000
Tax	0	0	0	0
Net Income	−160 000	−435 000	−420 000	−401 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 357 000	1 417 000	1 469 000	1 642 000
Total Current Assets	324 000	231 000	146 000	160 000
Total Assets	1 681 000	1 649 000	1 614 000	1 802 000
Total Retained Equity	−2 061 000	−1 901 000	−1 466 000	−1 046 000
Total Equity	−61 000	99 000	534 000	954 000
Total Long-Term Debt	1 676 000	1 465 000	1 045 000	762 000
Total Current Debt	66 000	85 000	35 000	87 000
Total Equity and Debt	1 681 000	1 649 000	1 614 000	1 802 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	42 000	14 000	5 000	4 000
Other Income	679 000	330 000	402 000	366 000
Revenue	721 000	344 000	407 000	370 000
Cost of Goods Sold	235 000	118 000	62 000	135 000
Salary Costs	120 000	177 000	231 000	97 000
Depreciation	89 000	86 000	173 000	173 000
Impairment	0	0	0	0
Expenditure	890 000	788 000	837 000	780 000
Operating Profit	−169 000	−444 000	−431 000	−411 000
Financial Income	9 000	10 000	10 000	10 000
Financial Costs	0	0	0	0
Financial Balance	9 000	10 000	10 000	10 000
Dividends	0	0	0	0
Net Income	−160 000	−435 000	−420 000	−401 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 092 000	1 105 000	1 147 000	1 269 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	264 000	312 000	320 000	372 000
Total Tangible Assets	1 356 000	1 416 000	1 468 000	1 641 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	1 357 000	1 417 000	1 469 000	1 642 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	90 000	135 000	62 000	59 000
Total Current Assets	324 000	231 000	146 000	160 000
Total Assets	1 681 000	1 649 000	1 614 000	1 802 000
Total Equity	−61 000	99 000	534 000	954 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 676 000	1 465 000	1 045 000	762 000
Creditors	7 000	61 000	6 000	17 000
Unpaid Taxes	4 000	3 000	13 000	12 000
Dividends	0	0	0	0
Other Current Debt	55 000	21 000	16 000	58 000
Total Current Debt	66 000	85 000	35 000	87 000
Total Equity and Debt	1 681 000	1 649 000	1 614 000	1 802 000

Financial indicators	2022	2021	2020	2019
Return on Equity	262,3 %	−439,39 %	−78,65 %	−42,03 %
Debt-to-Equity Ratio	−27,48	14,8	1,96	0,8
Operating Profit Margin	−23,44 %	−129,07 %	−105,9 %	−111,08 %
Current Ratio	4,91	2,72	4,17	1,84
Quick Ratio	4,91	2,72	4,17	1,84
Equity Ratio	−0,04	0,06	0,33	0,53
Gross Profit Margin	67,41 %	65,7 %	84,77 %	63,51 %