PROGRESS ENTREPRENØR AS

6017 ÅLESUND

Finances

Share Ownership

Return on Equity

2,07 %

Current Ratio

0,23

Debt-to-Equity Ratio

−0,24

Key figures (NOK)	2021	2020	2019	2018
Revenue	6 954 000	8 535 000	9 956 000	8 414 000
Net Income	−124 000	0	−551 000	−845 000
Total Assets	1 648 000	1 636 000	3 268 000	1 718 000
Total Equity	−5 996 000	−5 873 000	−5 872 000	−5 321 000

Income (NOK)	2021	2020	2019	2018
Revenue	6 954 000	8 535 000	9 956 000	8 414 000
Expenditure	6 804 000	8 218 000	10 064 000	9 026 000
Operating Profit	151 000	317 000	−108 000	−612 000
Financial Income	2 000	0	0	0
Financial Costs	276 000	318 000	443 000	233 000
Financial Balance	−274 000	−318 000	−443 000	−233 000
Earnings Before Tax	−124 000	0	−551 000	−845 000
Tax	0	0	0	0
Net Income	−124 000	0	−551 000	−845 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	222 000	91 000	171 000	277 000
Total Current Assets	1 426 000	1 545 000	3 098 000	1 440 000
Total Assets	1 648 000	1 636 000	3 268 000	1 718 000
Total Retained Equity	−6 866 000	−6 743 000	−6 742 000	−6 191 000
Total Equity	−5 996 000	−5 873 000	−5 872 000	−5 321 000
Total Long-Term Debt	1 462 000	5 124 000	6 189 000	4 044 000
Total Current Debt	6 182 000	2 385 000	2 952 000	2 995 000
Total Equity and Debt	1 648 000	1 636 000	3 268 000	1 718 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	6 622 000	8 535 000	9 953 000	8 414 000
Other Income	332 000	0	3 000	0
Revenue	6 954 000	8 535 000	9 956 000	8 414 000
Cost of Goods Sold	274 000	396 000	2 616 000	2 924 000
Salary Costs	5 234 000	6 266 000	6 317 000	5 154 000
Depreciation	8 000	80 000	98 000	104 000
Impairment	0	0	0	0
Expenditure	6 804 000	8 218 000	10 064 000	9 026 000
Operating Profit	151 000	317 000	−108 000	−612 000
Financial Income	2 000	0	0	0
Financial Costs	276 000	318 000	443 000	233 000
Financial Balance	−274 000	−318 000	−443 000	−233 000
Dividends	0	0	0	0
Net Income	−124 000	0	−551 000	−845 000

Balance details (NOK)	2021	2020	2019	2018
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	11 000	91 000	171 000	277 000
Total Tangible Assets	11 000	91 000	171 000	277 000
Total Fiancial Fixed Assets	211 000	0	0	0
Total Fixed Assets	222 000	91 000	171 000	277 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	286 000	95 000	509 000	229 000
Total Current Assets	1 426 000	1 545 000	3 098 000	1 440 000
Total Assets	1 648 000	1 636 000	3 268 000	1 718 000
Total Equity	−5 996 000	−5 873 000	−5 872 000	−5 321 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 462 000	5 124 000	6 189 000	4 044 000
Creditors	587 000	336 000	21 000	415 000
Unpaid Taxes	1 663 000	1 028 000	1 979 000	1 572 000
Dividends	0	0	0	0
Other Current Debt	3 933 000	1 020 000	952 000	1 007 000
Total Current Debt	6 182 000	2 385 000	2 952 000	2 995 000
Total Equity and Debt	1 648 000	1 636 000	3 268 000	1 718 000

Financial indicators	2021	2020	2019	2018
Return on Equity	2,07 %	−0 %	9,38 %	15,88 %
Debt-to-Equity Ratio	−0,24	−0,87	−1,05	−0,76
Operating Profit Margin	2,17 %	3,71 %	−1,08 %	−7,27 %
Current Ratio	0,23	0,65	1,05	0,48
Quick Ratio	0,23	0,65	1,05	0,48
Equity Ratio	−3,64	−3,59	−1,8	−3,1
Gross Profit Margin	96,06 %	95,36 %	73,72 %	65,25 %