ADAX AS

3060 SVELVIK

Finances

Share Ownership

Return on Equity

13,12 %

Current Ratio

1,63

Debt-to-Equity Ratio

0,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	313 506 000	312 805 000	220 437 000	213 769 000
Net Income	24 621 000	48 190 000	16 219 000	10 119 000
Total Assets	361 896 000	287 981 000	238 324 000	228 882 000
Total Equity	187 681 000	170 192 000	127 164 000	105 964 000

Income (NOK)	2022	2021	2020	2019
Revenue	313 506 000	312 805 000	220 437 000	213 769 000
Expenditure	276 519 000	253 464 000	197 624 000	200 624 000
Operating Profit	36 987 000	59 341 000	22 813 000	13 144 000
Financial Income	6 196 000	2 274 000	18 518 000	8 671 000
Financial Costs	11 238 000	2 772 000	22 231 000	10 660 000
Financial Balance	−5 042 000	−498 000	−3 713 000	−1 989 000
Earnings Before Tax	31 945 000	58 843 000	19 101 000	11 156 000
Tax	7 324 000	10 653 000	2 882 000	1 037 000
Net Income	24 621 000	48 190 000	16 219 000	10 119 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	170 087 000	124 908 000	115 954 000	97 505 000
Total Current Assets	191 809 000	163 073 000	122 369 000	131 376 000
Total Assets	361 896 000	287 981 000	238 324 000	228 882 000
Total Retained Equity	187 581 000	170 092 000	127 064 000	105 864 000
Total Equity	187 681 000	170 192 000	127 164 000	105 964 000
Total Long-Term Debt	56 668 000	7 571 000	42 415 000	52 782 000
Total Current Debt	117 545 000	110 217 000	68 744 000	70 136 000
Total Equity and Debt	361 894 000	287 980 000	238 324 000	228 882 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	306 583 000	282 082 000	213 195 000	205 671 000
Other Income	6 923 000	30 723 000	7 243 000	8 098 000
Revenue	313 506 000	312 805 000	220 437 000	213 769 000
Cost of Goods Sold	151 275 000	139 734 000	102 999 000	103 801 000
Salary Costs	59 790 000	55 989 000	44 599 000	44 817 000
Depreciation	6 269 000	7 472 000	8 568 000	8 712 000
Impairment	0	0	0	0
Expenditure	276 519 000	253 464 000	197 624 000	200 624 000
Operating Profit	36 987 000	59 341 000	22 813 000	13 144 000
Financial Income	6 196 000	2 274 000	18 518 000	8 671 000
Financial Costs	11 238 000	2 772 000	22 231 000	10 660 000
Financial Balance	−5 042 000	−498 000	−3 713 000	−1 989 000
Dividends	0	0	0	0
Net Income	24 621 000	48 190 000	16 219 000	10 119 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 784 000	8 340 000	7 256 000	7 765 000
Real Eastate	18 431 000	18 903 000	39 986 000	42 482 000
Machinery and Plant Facilities	11 923 000	11 156 000	8 411 000	8 762 000
Fixtures	2 029 000	1 059 000	1 026 000	549 000
Total Tangible Assets	32 383 000	31 118 000	49 423 000	51 793 000
Total Fiancial Fixed Assets	129 920 000	85 450 000	59 275 000	37 947 000
Total Fixed Assets	170 087 000	124 908 000	115 954 000	97 505 000
Stock	92 563 000	91 579 000	57 726 000	70 934 000
Total Investments	0	0	0	0
Cash, Bank	6 196 000	6 900 000	10 104 000	11 273 000
Total Current Assets	191 809 000	163 073 000	122 369 000	131 376 000
Total Assets	361 896 000	287 981 000	238 324 000	228 882 000
Total Equity	187 681 000	170 192 000	127 164 000	105 964 000
Short-Term Group Debt	0	2 719 000	4 152 000	2 052 000
Total Long-Term Debt	56 668 000	7 571 000	42 415 000	52 782 000
Creditors	40 129 000	25 435 000	16 143 000	21 689 000
Unpaid Taxes	10 567 000	14 729 000	9 561 000	2 394 000
Dividends	0	0	0	0
Other Current Debt	10 159 000	7 290 000	10 823 000	11 808 000
Total Current Debt	117 545 000	110 217 000	68 744 000	70 136 000
Total Equity and Debt	361 894 000	287 980 000	238 324 000	228 882 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,12 %	28,32 %	12,75 %	9,55 %
Debt-to-Equity Ratio	0,3	0,04	0,33	0,5
Operating Profit Margin	11,8 %	18,97 %	10,35 %	6,15 %
Current Ratio	1,63	1,48	1,78	1,87
Quick Ratio	7,68	8,75	11,11	−164,63
Equity Ratio	0,52	0,59	0,53	0,46
Gross Profit Margin	51,75 %	55,33 %	53,28 %	51,44 %