PROGEVO AS

1606 FREDRIKSTAD

Finances

Return on Equity

14,1 %

Current Ratio

89,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	49 000	1 530 000	1 285 000
Net Income	723 000	445 000	3 339 000	638 000
Total Assets	5 157 000	4 494 000	4 667 000	2 519 000
Total Equity	5 129 000	4 176 000	4 031 000	992 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	49 000	1 530 000	1 285 000
Expenditure	296 000	299 000	760 000	1 140 000
Operating Profit	−296 000	−250 000	770 000	145 000
Financial Income	1 020 000	691 000	2 969 000	526 000
Financial Costs	0	0	230 000	0
Financial Balance	1 020 000	691 000	2 739 000	526 000
Earnings Before Tax	723 000	440 000	3 508 000	671 000
Tax	0	−5 000	170 000	32 000
Net Income	723 000	445 000	3 339 000	638 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 656 000	4 404 000	4 027 000	1 687 000
Total Current Assets	2 501 000	90 000	640 000	832 000
Total Assets	5 157 000	4 494 000	4 667 000	2 519 000
Total Retained Equity	5 099 000	4 076 000	3 931 000	892 000
Total Equity	5 129 000	4 176 000	4 031 000	992 000
Total Long-Term Debt	0	0	5 000	0
Total Current Debt	28 000	318 000	631 000	1 527 000
Total Equity and Debt	5 157 000	4 494 000	4 667 000	2 519 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	49 000	1 530 000	1 285 000
Other Income	0	0	0	0
Revenue	0	49 000	1 530 000	1 285 000
Cost of Goods Sold	0	0	−341 000	0
Salary Costs	162 000	76 000	932 000	943 000
Depreciation	53 000	59 000	27 000	3 000
Impairment	0	0	0	0
Expenditure	296 000	299 000	760 000	1 140 000
Operating Profit	−296 000	−250 000	770 000	145 000
Financial Income	1 020 000	691 000	2 969 000	526 000
Financial Costs	0	0	230 000	0
Financial Balance	1 020 000	691 000	2 739 000	526 000
Dividends	0	0	300 000	300 000
Net Income	723 000	445 000	3 339 000	638 000

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	0	0	0	0
Fixtures	104 000	157 000	216 000	0
Total Tangible Assets	104 000	157 000	216 000	0
Total Fiancial Fixed Assets	2 552 000	4 247 000	3 811 000	1 687 000
Total Fixed Assets	2 656 000	4 404 000	4 027 000	1 687 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 501 000	90 000	608 000	39 000
Total Current Assets	2 501 000	90 000	640 000	832 000
Total Assets	5 157 000	4 494 000	4 667 000	2 519 000
Total Equity	5 129 000	4 176 000	4 031 000	992 000
Short-Term Group Debt	0	0	0	842 000
Total Long-Term Debt	0	0	5 000	0
Creditors	1 000	1 000	7 000	3 000
Unpaid Taxes	12 000	1 000	64 000	14 000
Dividends	0	0	300 000	300 000
Other Current Debt	14 000	16 000	95 000	334 000
Total Current Debt	28 000	318 000	631 000	1 527 000
Total Equity and Debt	5 157 000	4 494 000	4 667 000	2 519 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,1 %	10,66 %	82,83 %	64,31 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	−510,2 %	50,33 %	11,28 %
Current Ratio	89,32	0,28	1,01	0,54
Quick Ratio	89,32	0,28	1,01	0,54
Equity Ratio	0,99	0,93	0,86	0,39
Gross Profit Margin	-	100 %	122,29 %	100 %