PROGRESS INGENIØRFIRMA AS

0884 OSLO

Finances

Share Ownership

Return on Equity

−5,94 %

Current Ratio

1,91

Debt-to-Equity Ratio

0,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	55 454 000	42 983 000	36 983 000	34 142 000
Net Income	−1 035 000	1 422 000	406 000	−591 000
Total Assets	53 034 000	25 842 000	26 051 000	23 698 000
Total Equity	17 428 000	17 910 000	16 487 000	16 082 000

Income (NOK)	2022	2021	2020	2019
Revenue	55 454 000	42 983 000	36 983 000	34 142 000
Expenditure	56 264 000	41 276 000	36 256 000	34 626 000
Operating Profit	−810 000	1 667 000	668 000	−506 000
Financial Income	810 000	647 000	634 000	162 000
Financial Costs	1 306 000	468 000	776 000	385 000
Financial Balance	−496 000	179 000	−142 000	−223 000
Earnings Before Tax	−1 306 000	1 846 000	526 000	−729 000
Tax	−271 000	423 000	120 000	−138 000
Net Income	−1 035 000	1 422 000	406 000	−591 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 014 000	1 351 000	1 606 000	1 669 000
Total Current Assets	51 020 000	24 491 000	24 445 000	22 029 000
Total Assets	53 034 000	25 842 000	26 051 000	23 698 000
Total Retained Equity	5 386 000	6 421 000	4 999 000	4 593 000
Total Equity	17 428 000	17 910 000	16 487 000	16 082 000
Total Long-Term Debt	8 950 000	0	1 150 000	1 914 000
Total Current Debt	26 656 000	7 932 000	8 413 000	5 702 000
Total Equity and Debt	53 034 000	25 842 000	26 051 000	23 698 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	54 671 000	42 786 000	36 592 000	32 359 000
Other Income	783 000	196 000	391 000	1 783 000
Revenue	55 454 000	42 983 000	36 983 000	34 142 000
Cost of Goods Sold	34 794 000	26 780 000	24 661 000	22 592 000
Salary Costs	12 942 000	8 644 000	6 896 000	6 620 000
Depreciation	158 000	209 000	279 000	213 000
Impairment	0	0	0	0
Expenditure	56 264 000	41 276 000	36 256 000	34 626 000
Operating Profit	−810 000	1 667 000	668 000	−506 000
Financial Income	810 000	647 000	634 000	162 000
Financial Costs	1 306 000	468 000	776 000	385 000
Financial Balance	−496 000	179 000	−142 000	−223 000
Dividends	0	0	0	0
Net Income	−1 035 000	1 422 000	406 000	−591 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 237 000	1 123 000	1 201 000	1 209 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	201 000
Fixtures	777 000	228 000	405 000	259 000
Total Tangible Assets	777 000	228 000	405 000	460 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 014 000	1 351 000	1 606 000	1 669 000
Stock	37 105 000	15 262 000	13 931 000	13 640 000
Total Investments	0	0	0	0
Cash, Bank	565 000	1 969 000	869 000	266 000
Total Current Assets	51 020 000	24 491 000	24 445 000	22 029 000
Total Assets	53 034 000	25 842 000	26 051 000	23 698 000
Total Equity	17 428 000	17 910 000	16 487 000	16 082 000
Short-Term Group Debt	0	550 000	0	0
Total Long-Term Debt	8 950 000	0	1 150 000	1 914 000
Creditors	7 635 000	2 716 000	2 939 000	2 332 000
Unpaid Taxes	3 530 000	2 006 000	2 134 000	1 220 000
Dividends	0	0	0	0
Other Current Debt	3 672 000	2 317 000	1 799 000	2 150 000
Total Current Debt	26 656 000	7 932 000	8 413 000	5 702 000
Total Equity and Debt	53 034 000	25 842 000	26 051 000	23 698 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,94 %	7,94 %	2,46 %	−3,67 %
Debt-to-Equity Ratio	0,51	0	0,07	0,12
Operating Profit Margin	−1,46 %	3,88 %	1,81 %	−1,48 %
Current Ratio	1,91	3,09	2,91	3,86
Quick Ratio	−4,88	−3,34	−4,43	−2,78
Equity Ratio	0,33	0,69	0,63	0,68
Gross Profit Margin	37,26 %	37,7 %	33,32 %	33,83 %