PADMAX AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

60,34 %

Current Ratio

0,29

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 692 000	4 871 000	5 984 000	6 312 000
Net Income	−998 000	−419 000	−387 000	−237 000
Total Assets	919 000	1 225 000	1 062 000	919 000
Total Equity	−1 654 000	−656 000	−237 000	150 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 692 000	4 871 000	5 984 000	6 312 000
Expenditure	5 207 000	5 300 000	6 399 000	6 583 000
Operating Profit	−514 000	−428 000	−416 000	−271 000
Financial Income	3 000	1 000	4 000	7 000
Financial Costs	183 000	110 000	62 000	38 000
Financial Balance	−180 000	−109 000	−58 000	−31 000
Earnings Before Tax	−694 000	−537 000	−474 000	−302 000
Tax	304 000	−117 000	−87 000	−65 000
Net Income	−998 000	−419 000	−387 000	−237 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	175 000	493 000	380 000	228 000
Total Current Assets	744 000	733 000	682 000	691 000
Total Assets	919 000	1 225 000	1 062 000	919 000
Total Retained Equity	−1 754 000	−756 000	−337 000	50 000
Total Equity	−1 654 000	−656 000	−237 000	150 000
Total Long-Term Debt	−10 000	0	48 000	142 000
Total Current Debt	2 584 000	1 882 000	1 251 000	627 000
Total Equity and Debt	919 000	1 225 000	1 062 000	919 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 497 000	4 871 000	5 984 000	6 312 000
Other Income	196 000	0	0	0
Revenue	4 692 000	4 871 000	5 984 000	6 312 000
Cost of Goods Sold	3 207 000	3 037 000	3 917 000	3 974 000
Salary Costs	1 125 000	1 244 000	1 396 000	1 596 000
Depreciation	12 000	4 000	6 000	31 000
Impairment	0	0	0	0
Expenditure	5 207 000	5 300 000	6 399 000	6 583 000
Operating Profit	−514 000	−428 000	−416 000	−271 000
Financial Income	3 000	1 000	4 000	7 000
Financial Costs	183 000	110 000	62 000	38 000
Financial Balance	−180 000	−109 000	−58 000	−31 000
Dividends	0	0	0	0
Net Income	−998 000	−419 000	−387 000	−237 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	304 000	187 000	100 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	12 000	16 000	6 000
Fixtures	0	0	0	0
Total Tangible Assets	0	12 000	16 000	6 000
Total Fiancial Fixed Assets	175 000	177 000	177 000	122 000
Total Fixed Assets	175 000	493 000	380 000	228 000
Stock	448 000	486 000	509 000	451 000
Total Investments	0	0	0	0
Cash, Bank	121 000	58 000	70 000	193 000
Total Current Assets	744 000	733 000	682 000	691 000
Total Assets	919 000	1 225 000	1 062 000	919 000
Total Equity	−1 654 000	−656 000	−237 000	150 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	−10 000	0	48 000	142 000
Creditors	975 000	811 000	220 000	286 000
Unpaid Taxes	215 000	101 000	99 000	115 000
Dividends	0	0	0	0
Other Current Debt	705 000	281 000	281 000	226 000
Total Current Debt	2 584 000	1 882 000	1 251 000	627 000
Total Equity and Debt	919 000	1 225 000	1 062 000	919 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,34 %	63,87 %	163,29 %	−158 %
Debt-to-Equity Ratio	0,01	−0	−0,2	0,95
Operating Profit Margin	−10,95 %	−8,79 %	−6,95 %	−4,29 %
Current Ratio	0,29	0,39	0,55	1,1
Quick Ratio	0,35	0,53	0,92	3,93
Equity Ratio	−1,8	−0,54	−0,22	0,16
Gross Profit Margin	31,65 %	37,65 %	34,54 %	37,04 %