AREA EIENDOM AS

3159 MELSOMVIK

Finances

Return on Equity

−62,79 %

Current Ratio

0,61

Debt-to-Equity Ratio

2,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	449 000	4 587 000	4 458 000	374 000
Net Income	−545 000	−6 000	593 000	−169 000
Total Assets	9 113 000	6 412 000	10 712 000	11 191 000
Total Equity	868 000	1 413 000	3 419 000	2 826 000

Income (NOK)	2022	2021	2020	2019
Revenue	449 000	4 587 000	4 458 000	374 000
Expenditure	1 656 000	4 453 000	4 155 000	365 000
Operating Profit	−1 208 000	133 000	304 000	9 000
Financial Income	679 000	3 000	504 000	4 000
Financial Costs	157 000	142 000	183 000	218 000
Financial Balance	522 000	−139 000	321 000	−214 000
Earnings Before Tax	−685 000	−5 000	624 000	−206 000
Tax	−140 000	1 000	31 000	−36 000
Net Income	−545 000	−6 000	593 000	−169 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 404 000	5 317 000	5 354 000	5 423 000
Total Current Assets	3 708 000	1 095 000	5 357 000	5 768 000
Total Assets	9 113 000	6 412 000	10 712 000	11 191 000
Total Retained Equity	768 000	1 313 000	3 319 000	2 726 000
Total Equity	868 000	1 413 000	3 419 000	2 826 000
Total Long-Term Debt	2 169 000	2 383 000	2 596 000	2 810 000
Total Current Debt	6 076 000	2 616 000	4 697 000	5 556 000
Total Equity and Debt	9 113 000	6 412 000	10 712 000	11 191 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	4 200 000	4 100 000	0
Other Income	449 000	387 000	358 000	374 000
Revenue	449 000	4 587 000	4 458 000	374 000
Cost of Goods Sold	0	4 142 000	3 938 000	0
Salary Costs	0	0	0	0
Depreciation	52 000	52 000	52 000	52 000
Impairment	0	0	0	0
Expenditure	1 656 000	4 453 000	4 155 000	365 000
Operating Profit	−1 208 000	133 000	304 000	9 000
Financial Income	679 000	3 000	504 000	4 000
Financial Costs	157 000	142 000	183 000	218 000
Financial Balance	522 000	−139 000	321 000	−214 000
Dividends	0	2 000 000	0	0
Net Income	−545 000	−6 000	593 000	−169 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	241 000	101 000	87 000	103 000
Real Eastate	3 413 000	3 465 000	3 518 000	3 570 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	3 413 000	3 465 000	3 518 000	3 570 000
Total Fiancial Fixed Assets	1 750 000	1 750 000	1 750 000	1 750 000
Total Fixed Assets	5 404 000	5 317 000	5 354 000	5 423 000
Stock	2 868 000	986 000	4 327 000	5 111 000
Total Investments	0	0	0	0
Cash, Bank	135 000	79 000	139 000	36 000
Total Current Assets	3 708 000	1 095 000	5 357 000	5 768 000
Total Assets	9 113 000	6 412 000	10 712 000	11 191 000
Total Equity	868 000	1 413 000	3 419 000	2 826 000
Short-Term Group Debt	1 997 000	2 500 000	0	0
Total Long-Term Debt	2 169 000	2 383 000	2 596 000	2 810 000
Creditors	1 227 000	34 000	653 000	747 000
Unpaid Taxes	0	0	0	0
Dividends	0	2 000 000	0	0
Other Current Debt	2 852 000	66 000	4 030 000	4 809 000
Total Current Debt	6 076 000	2 616 000	4 697 000	5 556 000
Total Equity and Debt	9 113 000	6 412 000	10 712 000	11 191 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−62,79 %	−0,42 %	17,34 %	−5,98 %
Debt-to-Equity Ratio	2,5	1,69	0,76	0,99
Operating Profit Margin	−269,04 %	2,9 %	6,82 %	2,41 %
Current Ratio	0,61	0,42	1,14	1,04
Quick Ratio	1,16	0,67	14,48	12,96
Equity Ratio	0,1	0,22	0,32	0,25
Gross Profit Margin	100 %	9,7 %	11,66 %	100 %