AREO AS

0349 OSLO

Finances

Share Ownership

Return on Equity

40,02 %

Current Ratio

2,3

Debt-to-Equity Ratio

−3,42

Key figures (NOK)	2021	2020	2019	2018
Revenue	712 000	66 000	0	50 000
Net Income	−2 575 000	−453 000	−895 000	−865 000
Total Assets	16 946 000	16 279 000	13 527 000	10 497 000
Total Equity	−6 434 000	−3 860 000	−3 407 000	−2 512 000

Income (NOK)	2021	2020	2019	2018
Revenue	712 000	66 000	0	50 000
Expenditure	3 226 000	519 000	896 000	893 000
Operating Profit	−2 513 000	−453 000	−896 000	−843 000
Financial Income	0	0	1 000	0
Financial Costs	61 000	0	0	22 000
Financial Balance	−61 000	0	1 000	−22 000
Earnings Before Tax	−2 575 000	−453 000	−895 000	−865 000
Tax	0	0	0	0
Net Income	−2 575 000	−453 000	−895 000	−865 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	13 837 000	13 837 000	11 668 000	9 151 000
Total Current Assets	3 109 000	2 442 000	1 860 000	1 346 000
Total Assets	16 946 000	16 279 000	13 527 000	10 497 000
Total Retained Equity	−6 534 000	−3 960 000	−3 507 000	−2 612 000
Total Equity	−6 434 000	−3 860 000	−3 407 000	−2 512 000
Total Long-Term Debt	22 030 000	0	0	0
Total Current Debt	1 350 000	20 138 000	16 934 000	13 008 000
Total Equity and Debt	16 946 000	16 279 000	13 527 000	10 497 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	712 000	0	0	0
Other Income	0	66 000	0	50 000
Revenue	712 000	66 000	0	50 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 016 000	71 000	113 000	88 000
Depreciation	0	0	0	3 000
Impairment	0	0	0	0
Expenditure	3 226 000	519 000	896 000	893 000
Operating Profit	−2 513 000	−453 000	−896 000	−843 000
Financial Income	0	0	1 000	0
Financial Costs	61 000	0	0	22 000
Financial Balance	−61 000	0	1 000	−22 000
Dividends	0	0	0	0
Net Income	−2 575 000	−453 000	−895 000	−865 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	13 837 000	13 837 000	11 668 000	9 151 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 837 000	13 837 000	11 668 000	9 151 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	467 000	303 000	583 000	99 000
Total Current Assets	3 109 000	2 442 000	1 860 000	1 346 000
Total Assets	16 946 000	16 279 000	13 527 000	10 497 000
Total Equity	−6 434 000	−3 860 000	−3 407 000	−2 512 000
Short-Term Group Debt	0	19 019 000	15 969 000	12 500 000
Total Long-Term Debt	22 030 000	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	1 146 000	743 000	606 000	152 000
Dividends	0	0	0	0
Other Current Debt	203 000	376 000	359 000	357 000
Total Current Debt	1 350 000	20 138 000	16 934 000	13 008 000
Total Equity and Debt	16 946 000	16 279 000	13 527 000	10 497 000

Financial indicators	2021	2020	2019	2018
Return on Equity	40,02 %	11,74 %	26,27 %	34,43 %
Debt-to-Equity Ratio	−3,42	−0	−0	−0
Operating Profit Margin	−352,95 %	−686,36 %	-	−1 686 %
Current Ratio	2,3	0,12	0,11	0,1
Quick Ratio	2,3	0,12	0,11	0,1
Equity Ratio	−0,38	−0,24	−0,25	−0,24
Gross Profit Margin	100 %	100 %	-	100 %