ABAX TECHNOLOGY AS

3264 LARVIK

Finances

Share Ownership

Return on Equity

40,4 %

Current Ratio

0,23

Debt-to-Equity Ratio

1,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 568 000	20 780 000	18 448 000	6 003 000
Net Income	3 930 000	1 539 000	5 406 000	4 028 000
Total Assets	80 715 000	61 604 000	72 687 000	48 024 000
Total Equity	9 728 000	6 927 000	4 473 000	1 036 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 568 000	20 780 000	18 448 000	6 003 000
Expenditure	25 335 000	19 499 000	12 206 000	796 000
Operating Profit	4 233 000	1 281 000	6 242 000	5 207 000
Financial Income	16 000	0	20 000	11 000
Financial Costs	0	0	301 000	189 000
Financial Balance	16 000	0	−281 000	−178 000
Earnings Before Tax	4 249 000	1 281 000	5 962 000	5 029 000
Tax	319 000	−258 000	555 000	1 002 000
Net Income	3 930 000	1 539 000	5 406 000	4 028 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	66 756 000	55 572 000	46 380 000	41 856 000
Total Current Assets	13 959 000	6 031 000	26 307 000	6 168 000
Total Assets	80 715 000	61 604 000	72 687 000	48 024 000
Total Retained Equity	8 713 000	5 912 000	4 373 000	936 000
Total Equity	9 728 000	6 927 000	4 473 000	1 036 000
Total Long-Term Debt	11 429 000	9 479 000	7 183 000	4 913 000
Total Current Debt	59 558 000	45 197 000	61 030 000	42 075 000
Total Equity and Debt	80 715 000	61 604 000	72 687 000	48 024 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 568 000	20 780 000	18 448 000	6 003 000
Other Income	0	0	0	0
Revenue	29 568 000	20 780 000	18 448 000	6 003 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	21 261 000	19 032 000	11 927 000	485 000
Impairment	0	0	0	0
Expenditure	25 335 000	19 499 000	12 206 000	796 000
Operating Profit	4 233 000	1 281 000	6 242 000	5 207 000
Financial Income	16 000	0	20 000	11 000
Financial Costs	0	0	301 000	189 000
Financial Balance	16 000	0	−281 000	−178 000
Dividends	0	0	0	0
Net Income	3 930 000	1 539 000	5 406 000	4 028 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	66 756 000	55 572 000	46 380 000	41 856 000
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	66 756 000	55 572 000	46 380 000	41 856 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	74 000	6 000	9 000	1 391 000
Total Current Assets	13 959 000	6 031 000	26 307 000	6 168 000
Total Assets	80 715 000	61 604 000	72 687 000	48 024 000
Total Equity	9 728 000	6 927 000	4 473 000	1 036 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 429 000	9 479 000	7 183 000	4 913 000
Creditors	58 018 000	45 110 000	49 116 000	32 898 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 541 000	87 000	11 915 000	9 176 000
Total Current Debt	59 558 000	45 197 000	61 030 000	42 075 000
Total Equity and Debt	80 715 000	61 604 000	72 687 000	48 024 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,4 %	22,22 %	120,86 %	388,8 %
Debt-to-Equity Ratio	1,17	1,37	1,61	4,74
Operating Profit Margin	14,32 %	6,16 %	33,84 %	86,74 %
Current Ratio	0,23	0,13	0,43	0,15
Quick Ratio	0,23	0,13	0,43	0,15
Equity Ratio	0,12	0,11	0,06	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %