AVANCE INVEST AS

6657 RINDAL

Finances

Return on Equity

11,08 %

Current Ratio

0,15

Debt-to-Equity Ratio

6,9

Key figures (NOK)	2022	2021	2020	2019
Revenue	456 000	446 000	415 000	400 000
Net Income	79 000	135 000	73 000	26 000
Total Assets	5 768 000	5 774 000	5 853 000	5 883 000
Total Equity	713 000	634 000	499 000	426 000

Income (NOK)	2022	2021	2020	2019
Revenue	456 000	446 000	415 000	400 000
Expenditure	118 000	135 000	129 000	147 000
Operating Profit	337 000	312 000	286 000	253 000
Financial Income	0	38 000	0	1 000
Financial Costs	232 000	187 000	213 000	228 000
Financial Balance	−232 000	−149 000	−213 000	−227 000
Earnings Before Tax	105 000	163 000	73 000	26 000
Tax	26 000	27 000	0	0
Net Income	79 000	135 000	73 000	26 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 748 000	5 753 000	5 848 000	5 861 000
Total Current Assets	20 000	21 000	5 000	22 000
Total Assets	5 768 000	5 774 000	5 853 000	5 883 000
Total Retained Equity	593 000	514 000	379 000	306 000
Total Equity	713 000	634 000	499 000	426 000
Total Long-Term Debt	4 921 000	5 074 000	5 238 000	5 317 000
Total Current Debt	134 000	65 000	115 000	140 000
Total Equity and Debt	5 768 000	5 774 000	5 853 000	5 883 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	1 000
Other Income	456 000	446 000	415 000	400 000
Revenue	456 000	446 000	415 000	400 000
Cost of Goods Sold	6 000	0	0	0
Salary Costs	4 000	4 000	0	−16 000
Depreciation	5 000	13 000	13 000	13 000
Impairment	0	0	0	0
Expenditure	118 000	135 000	129 000	147 000
Operating Profit	337 000	312 000	286 000	253 000
Financial Income	0	38 000	0	1 000
Financial Costs	232 000	187 000	213 000	228 000
Financial Balance	−232 000	−149 000	−213 000	−227 000
Dividends	0	0	0	0
Net Income	79 000	135 000	73 000	26 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 666 000	5 666 000	5 666 000	5 666 000
Machinery and Plant Facilities	0	5 000	18 000	0
Fixtures	0	0	0	31 000
Total Tangible Assets	5 666 000	5 671 000	5 684 000	5 697 000
Total Fiancial Fixed Assets	82 000	82 000	164 000	164 000
Total Fixed Assets	5 748 000	5 753 000	5 848 000	5 861 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	1 000	1 000	1 000
Total Current Assets	20 000	21 000	5 000	22 000
Total Assets	5 768 000	5 774 000	5 853 000	5 883 000
Total Equity	713 000	634 000	499 000	426 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 921 000	5 074 000	5 238 000	5 317 000
Creditors	9 000	16 000	8 000	12 000
Unpaid Taxes	15 000	10 000	5 000	14 000
Dividends	0	0	0	0
Other Current Debt	20 000	29 000	10 000	14 000
Total Current Debt	134 000	65 000	115 000	140 000
Total Equity and Debt	5 768 000	5 774 000	5 853 000	5 883 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,08 %	21,29 %	14,63 %	6,1 %
Debt-to-Equity Ratio	6,9	8	10,5	12,48
Operating Profit Margin	73,9 %	69,96 %	68,92 %	63,25 %
Current Ratio	0,15	0,32	0,04	0,16
Quick Ratio	0,15	0,32	0,04	0,16
Equity Ratio	0,12	0,11	0,09	0,07
Gross Profit Margin	98,68 %	100 %	100 %	100 %