ADDOVATION AS

3015 DRAMMEN

Finances

Return on Equity

47,95 %

Current Ratio

1,62

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	227 883 000	173 215 000	119 558 000	92 908 000
Net Income	18 442 000	12 833 000	9 769 000	7 330 000
Total Assets	102 528 000	83 939 000	58 200 000	44 895 000
Total Equity	38 463 000	29 701 000	21 749 000	20 065 000

Income (NOK)	2022	2021	2020	2019
Revenue	227 883 000	173 215 000	119 558 000	92 908 000
Expenditure	203 626 000	156 536 000	106 551 000	83 089 000
Operating Profit	24 256 000	16 678 000	13 008 000	9 818 000
Financial Income	1 145 000	429 000	435 000	130 000
Financial Costs	1 942 000	778 000	766 000	409 000
Financial Balance	−797 000	−349 000	−331 000	−279 000
Earnings Before Tax	23 459 000	16 330 000	12 677 000	9 540 000
Tax	5 017 000	3 497 000	2 909 000	2 210 000
Net Income	18 442 000	12 833 000	9 769 000	7 330 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 183 000	8 729 000	5 920 000	6 481 000
Total Current Assets	92 345 000	75 210 000	52 280 000	38 414 000
Total Assets	102 528 000	83 939 000	58 200 000	44 895 000
Total Retained Equity	38 102 000	29 325 000	21 373 000	19 689 000
Total Equity	38 463 000	29 701 000	21 749 000	20 065 000
Total Long-Term Debt	7 044 000	6 638 000	3 974 000	3 402 000
Total Current Debt	57 021 000	47 600 000	32 476 000	21 429 000
Total Equity and Debt	102 528 000	83 939 000	58 200 000	44 895 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	227 674 000	173 064 000	118 867 000	92 821 000
Other Income	208 000	152 000	691 000	87 000
Revenue	227 883 000	173 215 000	119 558 000	92 908 000
Cost of Goods Sold	19 779 000	8 475 000	9 488 000	9 163 000
Salary Costs	142 428 000	119 817 000	78 859 000	58 983 000
Depreciation	1 665 000	1 481 000	1 906 000	1 584 000
Impairment	0	0	0	0
Expenditure	203 626 000	156 536 000	106 551 000	83 089 000
Operating Profit	24 256 000	16 678 000	13 008 000	9 818 000
Financial Income	1 145 000	429 000	435 000	130 000
Financial Costs	1 942 000	778 000	766 000	409 000
Financial Balance	−797 000	−349 000	−331 000	−279 000
Dividends	6 000 000	4 000 000	4 000 000	0
Net Income	18 442 000	12 833 000	9 769 000	7 330 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	162 000	0
Total Intangible Assets	0	0	162 000	960 000
Real Eastate	5 865 000	6 121 000	3 658 000	3 818 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 971 000	2 299 000	2 101 000	1 703 000
Total Tangible Assets	9 836 000	8 419 000	5 758 000	5 521 000
Total Fiancial Fixed Assets	347 000	310 000	0	0
Total Fixed Assets	10 183 000	8 729 000	5 920 000	6 481 000
Stock	0	0	0	0
Total Investments	347 000	394 000	326 000	5 307 000
Cash, Bank	43 396 000	32 547 000	28 252 000	16 274 000
Total Current Assets	92 345 000	75 210 000	52 280 000	38 414 000
Total Assets	102 528 000	83 939 000	58 200 000	44 895 000
Total Equity	38 463 000	29 701 000	21 749 000	20 065 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 044 000	6 638 000	3 974 000	3 402 000
Creditors	7 366 000	7 098 000	2 305 000	1 983 000
Unpaid Taxes	11 604 000	10 494 000	8 065 000	6 584 000
Dividends	6 000 000	4 000 000	4 000 000	0
Other Current Debt	26 577 000	21 097 000	16 200 000	10 547 000
Total Current Debt	57 021 000	47 600 000	32 476 000	21 429 000
Total Equity and Debt	102 528 000	83 939 000	58 200 000	44 895 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,95 %	43,21 %	44,92 %	36,53 %
Debt-to-Equity Ratio	0,18	0,22	0,18	0,17
Operating Profit Margin	10,64 %	9,63 %	10,88 %	10,57 %
Current Ratio	1,62	1,58	1,61	1,79
Quick Ratio	1,62	1,58	1,61	1,79
Equity Ratio	0,38	0,35	0,37	0,45
Gross Profit Margin	91,32 %	95,11 %	92,06 %	90,14 %