APOVEST AS

5121 ULSET

Finances

Return on Equity

73,81 %

Current Ratio

0,22

Debt-to-Equity Ratio

−1,9

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 241 000	3 063 000	3 162 000	2 358 000
Net Income	−2 976 000	−186 000	448 000	−125 000
Total Assets	7 611 000	17 492 000	17 199 000	14 661 000
Total Equity	−4 032 000	−1 056 000	534 000	85 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 241 000	3 063 000	3 162 000	2 358 000
Expenditure	2 834 000	2 646 000	2 833 000	2 413 000
Operating Profit	408 000	416 000	330 000	−56 000
Financial Income	8 000	6 000	309 000	0
Financial Costs	3 308 000	213 000	190 000	69 000
Financial Balance	−3 300 000	−207 000	119 000	−69 000
Earnings Before Tax	−2 892 000	209 000	448 000	−125 000
Tax	83 000	396 000	0	0
Net Income	−2 976 000	−186 000	448 000	−125 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 725 000	15 531 000	13 221 000	12 974 000
Total Current Assets	886 000	1 962 000	3 978 000	1 687 000
Total Assets	7 611 000	17 492 000	17 199 000	14 661 000
Total Retained Equity	−9 014 000	−6 039 000	−4 449 000	−4 897 000
Total Equity	−4 032 000	−1 056 000	534 000	85 000
Total Long-Term Debt	7 650 000	14 618 000	15 017 000	12 863 000
Total Current Debt	3 993 000	3 931 000	1 648 000	1 713 000
Total Equity and Debt	7 611 000	17 492 000	17 199 000	14 661 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 241 000	3 063 000	3 162 000	2 358 000
Other Income	0	0	0	0
Revenue	3 241 000	3 063 000	3 162 000	2 358 000
Cost of Goods Sold	816 000	638 000	972 000	672 000
Salary Costs	1 453 000	1 426 000	1 119 000	1 215 000
Depreciation	39 000	44 000	31 000	19 000
Impairment	0	0	0	0
Expenditure	2 834 000	2 646 000	2 833 000	2 413 000
Operating Profit	408 000	416 000	330 000	−56 000
Financial Income	8 000	6 000	309 000	0
Financial Costs	3 308 000	213 000	190 000	69 000
Financial Balance	−3 300 000	−207 000	119 000	−69 000
Dividends	0	0	0	0
Net Income	−2 976 000	−186 000	448 000	−125 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	125 000	138 000	49 000	80 000
Total Tangible Assets	125 000	138 000	49 000	80 000
Total Fiancial Fixed Assets	6 600 000	15 392 000	13 172 000	12 894 000
Total Fixed Assets	6 725 000	15 531 000	13 221 000	12 974 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	280 000	1 157 000	3 030 000	870 000
Total Current Assets	886 000	1 962 000	3 978 000	1 687 000
Total Assets	7 611 000	17 492 000	17 199 000	14 661 000
Total Equity	−4 032 000	−1 056 000	534 000	85 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 650 000	14 618 000	15 017 000	12 863 000
Creditors	296 000	258 000	30 000	224 000
Unpaid Taxes	149 000	151 000	184 000	198 000
Dividends	0	0	0	0
Other Current Debt	3 464 000	3 521 000	1 433 000	1 291 000
Total Current Debt	3 993 000	3 931 000	1 648 000	1 713 000
Total Equity and Debt	7 611 000	17 492 000	17 199 000	14 661 000

Financial indicators	2022	2021	2020	2019
Return on Equity	73,81 %	17,61 %	83,9 %	−147,06 %
Debt-to-Equity Ratio	−1,9	−13,84	28,12	151,33
Operating Profit Margin	12,59 %	13,58 %	10,44 %	−2,37 %
Current Ratio	0,22	0,5	2,41	0,98
Quick Ratio	0,22	0,5	2,41	0,98
Equity Ratio	−0,53	−0,06	0,03	0,01
Gross Profit Margin	74,82 %	79,17 %	69,26 %	71,5 %