AVE SYSTEMER AS

4365 NÆRBØ

Finances

Share Ownership

Return on Equity

67,55 %

Current Ratio

1,44

Debt-to-Equity Ratio

5,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 291 000	25 812 000	21 517 000	25 110 000
Net Income	460 000	181 000	4 000	−111 000
Total Assets	11 002 000	8 613 000	8 805 000	9 047 000
Total Equity	681 000	72 000	−244 000	−248 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 291 000	25 812 000	21 517 000	25 110 000
Expenditure	31 376 000	25 298 000	21 233 000	25 040 000
Operating Profit	915 000	515 000	284 000	70 000
Financial Income	6 000	5 000	40 000	25 000
Financial Costs	331 000	288 000	319 000	237 000
Financial Balance	−325 000	−283 000	−279 000	−212 000
Earnings Before Tax	590 000	232 000	5 000	−142 000
Tax	130 000	51 000	1 000	−31 000
Net Income	460 000	181 000	4 000	−111 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 577 000	1 773 000	2 152 000	2 049 000
Total Current Assets	9 425 000	6 840 000	6 654 000	6 997 000
Total Assets	11 002 000	8 613 000	8 805 000	9 047 000
Total Retained Equity	381 000	−228 000	−544 000	−548 000
Total Equity	681 000	72 000	−244 000	−248 000
Total Long-Term Debt	3 786 000	4 296 000	4 708 000	698 000
Total Current Debt	6 534 000	4 245 000	4 342 000	8 597 000
Total Equity and Debt	11 002 000	8 613 000	8 805 000	9 047 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 291 000	25 812 000	21 320 000	25 107 000
Other Income	0	0	197 000	3 000
Revenue	32 291 000	25 812 000	21 517 000	25 110 000
Cost of Goods Sold	21 114 000	13 212 000	9 788 000	11 749 000
Salary Costs	6 985 000	8 505 000	8 063 000	9 708 000
Depreciation	80 000	52 000	54 000	62 000
Impairment	0	0	0	0
Expenditure	31 376 000	25 298 000	21 233 000	25 040 000
Operating Profit	915 000	515 000	284 000	70 000
Financial Income	6 000	5 000	40 000	25 000
Financial Costs	331 000	288 000	319 000	237 000
Financial Balance	−325 000	−283 000	−279 000	−212 000
Dividends	0	0	0	0
Net Income	460 000	181 000	4 000	−111 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	324 000	495 000	585 000	586 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	459 000	364 000	288 000	314 000
Total Tangible Assets	459 000	364 000	288 000	314 000
Total Fiancial Fixed Assets	794 000	914 000	1 279 000	1 149 000
Total Fixed Assets	1 577 000	1 773 000	2 152 000	2 049 000
Stock	3 695 000	3 548 000	3 941 000	3 820 000
Total Investments	0	0	0	0
Cash, Bank	1 320 000	637 000	697 000	55 000
Total Current Assets	9 425 000	6 840 000	6 654 000	6 997 000
Total Assets	11 002 000	8 613 000	8 805 000	9 047 000
Total Equity	681 000	72 000	−244 000	−248 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 786 000	4 296 000	4 708 000	698 000
Creditors	3 256 000	833 000	1 414 000	3 562 000
Unpaid Taxes	1 313 000	942 000	893 000	910 000
Dividends	0	0	0	0
Other Current Debt	1 965 000	1 007 000	1 368 000	1 620 000
Total Current Debt	6 534 000	4 245 000	4 342 000	8 597 000
Total Equity and Debt	11 002 000	8 613 000	8 805 000	9 047 000

Financial indicators	2022	2021	2020	2019
Return on Equity	67,55 %	251,39 %	−1,64 %	44,76 %
Debt-to-Equity Ratio	5,56	59,67	−19,3	−2,81
Operating Profit Margin	2,83 %	2 %	1,32 %	0,28 %
Current Ratio	1,44	1,61	1,53	0,81
Quick Ratio	3,32	9,81	16,59	1,46
Equity Ratio	0,06	0,01	−0,03	−0,03
Gross Profit Margin	34,61 %	48,81 %	54,51 %	53,21 %