ABAX AS

3264 LARVIK

Finances

Return on Equity

3,74 %

Current Ratio

1,86

Debt-to-Equity Ratio

0,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	489 738 000	397 950 000	374 393 000	362 992 000
Net Income	44 466 000	13 827 000	10 763 000	9 690 000
Total Assets	1 939 085 000	1 915 215 000	1 764 696 000	835 329 000
Total Equity	1 188 090 000	1 199 119 000	1 209 545 000	442 202 000

Income (NOK)	2022	2021	2020	2019
Revenue	489 738 000	397 950 000	374 393 000	362 992 000
Expenditure	431 007 000	374 750 000	359 298 000	353 599 000
Operating Profit	58 730 000	23 200 000	15 095 000	9 392 000
Financial Income	75 713 000	50 100 000	29 470 000	10 313 000
Financial Costs	76 344 000	52 319 000	26 323 000	11 660 000
Financial Balance	−631 000	−2 219 000	3 147 000	−1 347 000
Earnings Before Tax	58 099 000	20 981 000	18 241 000	8 045 000
Tax	13 633 000	7 154 000	7 479 000	−1 645 000
Net Income	44 466 000	13 827 000	10 763 000	9 690 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 451 624 000	1 469 962 000	1 431 369 000	546 739 000
Total Current Assets	487 462 000	445 253 000	333 327 000	288 591 000
Total Assets	1 939 085 000	1 915 215 000	1 764 696 000	835 329 000
Total Retained Equity	63 421 000	74 449 000	84 875 000	91 626 000
Total Equity	1 188 090 000	1 199 119 000	1 209 545 000	442 202 000
Total Long-Term Debt	488 561 000	488 757 000	362 129 000	215 447 000
Total Current Debt	262 434 000	227 339 000	193 023 000	177 681 000
Total Equity and Debt	1 939 085 000	1 915 215 000	1 764 696 000	835 329 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	489 738 000	397 950 000	373 624 000	362 992 000
Other Income	0	0	769 000	0
Revenue	489 738 000	397 950 000	374 393 000	362 992 000
Cost of Goods Sold	126 781 000	104 063 000	77 449 000	77 013 000
Salary Costs	128 286 000	114 230 000	119 680 000	122 263 000
Depreciation	78 120 000	62 967 000	68 074 000	45 881 000
Impairment	5 665 000	0	0	0
Expenditure	431 007 000	374 750 000	359 298 000	353 599 000
Operating Profit	58 730 000	23 200 000	15 095 000	9 392 000
Financial Income	75 713 000	50 100 000	29 470 000	10 313 000
Financial Costs	76 344 000	52 319 000	26 323 000	11 660 000
Financial Balance	−631 000	−2 219 000	3 147 000	−1 347 000
Dividends	0	0	0	0
Net Income	44 466 000	13 827 000	10 763 000	9 690 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	7 523 000	19 297 000	30 305 000
Total Intangible Assets	120 343 000	160 832 000	172 063 000	189 156 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	35 519 000	29 174 000	17 676 000	7 587 000
Total Tangible Assets	35 519 000	29 174 000	17 676 000	7 587 000
Total Fiancial Fixed Assets	1 295 762 000	1 279 955 000	1 241 630 000	349 995 000
Total Fixed Assets	1 451 624 000	1 469 962 000	1 431 369 000	546 739 000
Stock	12 966 000	12 986 000	3 173 000	8 120 000
Total Investments	0	0	0	0
Cash, Bank	25 009 000	66 126 000	32 041 000	21 413 000
Total Current Assets	487 462 000	445 253 000	333 327 000	288 591 000
Total Assets	1 939 085 000	1 915 215 000	1 764 696 000	835 329 000
Total Equity	1 188 090 000	1 199 119 000	1 209 545 000	442 202 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	488 561 000	488 757 000	362 129 000	215 447 000
Creditors	41 223 000	49 635 000	58 084 000	86 149 000
Unpaid Taxes	18 486 000	16 493 000	14 456 000	12 999 000
Dividends	0	0	0	0
Other Current Debt	141 718 000	94 628 000	67 712 000	57 577 000
Total Current Debt	262 434 000	227 339 000	193 023 000	177 681 000
Total Equity and Debt	1 939 085 000	1 915 215 000	1 764 696 000	835 329 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,74 %	1,15 %	0,89 %	2,19 %
Debt-to-Equity Ratio	0,41	0,41	0,3	0,49
Operating Profit Margin	11,99 %	5,83 %	4,03 %	2,59 %
Current Ratio	1,86	1,96	1,73	1,62
Quick Ratio	1,95	2,08	1,76	1,7
Equity Ratio	0,61	0,63	0,69	0,53
Gross Profit Margin	74,11 %	73,85 %	79,31 %	78,78 %