ADAX NORGE AS

0663 OSLO

Finances

Return on Equity

21,93 %

Current Ratio

1,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 569 000	5 095 000	6 519 000	10 590 000
Net Income	397 000	119 000	98 000	381 000
Total Assets	4 312 000	3 102 000	1 830 000	1 903 000
Total Equity	1 810 000	1 412 000	1 294 000	1 196 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 569 000	5 095 000	6 519 000	10 590 000
Expenditure	10 062 000	4 926 000	6 374 000	10 110 000
Operating Profit	507 000	170 000	144 000	479 000
Financial Income	8 000	1 000	2 000	8 000
Financial Costs	14 000	11 000	21 000	−2 000
Financial Balance	−6 000	−10 000	−19 000	10 000
Earnings Before Tax	501 000	160 000	126 000	489 000
Tax	104 000	42 000	28 000	108 000
Net Income	397 000	119 000	98 000	381 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	586 000	142 000	172 000	260 000
Total Current Assets	3 726 000	2 959 000	1 659 000	1 642 000
Total Assets	4 312 000	3 102 000	1 830 000	1 903 000
Total Retained Equity	1 710 000	1 312 000	1 194 000	1 096 000
Total Equity	1 810 000	1 412 000	1 294 000	1 196 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 502 000	1 689 000	537 000	707 000
Total Equity and Debt	4 312 000	3 102 000	1 830 000	1 903 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 357 000	5 050 000	6 505 000	10 590 000
Other Income	212 000	45 000	14 000	0
Revenue	10 569 000	5 095 000	6 519 000	10 590 000
Cost of Goods Sold	7 019 000	3 576 000	4 908 000	7 360 000
Salary Costs	791 000	595 000	613 000	807 000
Depreciation	159 000	18 000	98 000	147 000
Impairment	0	0	0	0
Expenditure	10 062 000	4 926 000	6 374 000	10 110 000
Operating Profit	507 000	170 000	144 000	479 000
Financial Income	8 000	1 000	2 000	8 000
Financial Costs	14 000	11 000	21 000	−2 000
Financial Balance	−6 000	−10 000	−19 000	10 000
Dividends	0	0	0	0
Net Income	397 000	119 000	98 000	381 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	38 000	8 000	19 000	10 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	413 000	0	18 000	116 000
Total Tangible Assets	413 000	0	18 000	116 000
Total Fiancial Fixed Assets	134 000	134 000	134 000	134 000
Total Fixed Assets	586 000	142 000	172 000	260 000
Stock	811 000	48 000	50 000	47 000
Total Investments	0	0	0	0
Cash, Bank	31 000	31 000	20 000	25 000
Total Current Assets	3 726 000	2 959 000	1 659 000	1 642 000
Total Assets	4 312 000	3 102 000	1 830 000	1 903 000
Total Equity	1 810 000	1 412 000	1 294 000	1 196 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 716 000	1 182 000	99 000	96 000
Unpaid Taxes	522 000	306 000	264 000	326 000
Dividends	0	0	0	0
Other Current Debt	130 000	171 000	136 000	150 000
Total Current Debt	2 502 000	1 689 000	537 000	707 000
Total Equity and Debt	4 312 000	3 102 000	1 830 000	1 903 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,93 %	8,43 %	7,57 %	31,86 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,8 %	3,34 %	2,21 %	4,52 %
Current Ratio	1,49	1,75	3,09	2,32
Quick Ratio	2,2	1,8	3,41	2,49
Equity Ratio	0,42	0,46	0,71	0,63
Gross Profit Margin	33,59 %	29,81 %	24,71 %	30,5 %