JOAVEGEN 40 AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

13,85 %

Current Ratio

0,91

Debt-to-Equity Ratio

1,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 190 000	3 235 000	2 912 000	2 747 000
Net Income	1 382 000	1 386 000	1 082 000	1 019 000
Total Assets	25 732 000	28 253 000	26 967 000	25 668 000
Total Equity	9 980 000	9 886 000	8 500 000	8 333 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 190 000	3 235 000	2 912 000	2 747 000
Expenditure	829 000	911 000	941 000	815 000
Operating Profit	2 361 000	2 324 000	1 972 000	1 932 000
Financial Income	20 000	1 000	9 000	26 000
Financial Costs	609 000	547 000	594 000	652 000
Financial Balance	−589 000	−546 000	−585 000	−626 000
Earnings Before Tax	1 772 000	1 778 000	1 387 000	1 306 000
Tax	390 000	391 000	306 000	287 000
Net Income	1 382 000	1 386 000	1 082 000	1 019 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 971 000	24 339 000	24 495 000	21 817 000
Total Current Assets	1 761 000	3 915 000	2 471 000	3 851 000
Total Assets	25 732 000	28 253 000	26 967 000	25 668 000
Total Retained Equity	4 002 000	3 909 000	3 787 000	3 619 000
Total Equity	9 980 000	9 886 000	8 500 000	8 333 000
Total Long-Term Debt	13 813 000	15 191 000	15 451 000	15 710 000
Total Current Debt	1 940 000	3 176 000	3 016 000	1 626 000
Total Equity and Debt	25 732 000	28 253 000	26 967 000	25 668 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	3 190 000	3 235 000	2 912 000	2 747 000
Revenue	3 190 000	3 235 000	2 912 000	2 747 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	368 000	356 000	312 000	304 000
Impairment	0	0	0	0
Expenditure	829 000	911 000	941 000	815 000
Operating Profit	2 361 000	2 324 000	1 972 000	1 932 000
Financial Income	20 000	1 000	9 000	26 000
Financial Costs	609 000	547 000	594 000	652 000
Financial Balance	−589 000	−546 000	−585 000	−626 000
Dividends	0	0	0	0
Net Income	1 382 000	1 386 000	1 082 000	1 019 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	23 927 000	24 281 000	24 424 000	21 794 000
Machinery and Plant Facilities	44 000	58 000	71 000	22 000
Fixtures	0	0	0	0
Total Tangible Assets	23 971 000	24 339 000	24 495 000	21 817 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	23 971 000	24 339 000	24 495 000	21 817 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 752 000	2 605 000	2 182 000	3 424 000
Total Current Assets	1 761 000	3 915 000	2 471 000	3 851 000
Total Assets	25 732 000	28 253 000	26 967 000	25 668 000
Total Equity	9 980 000	9 886 000	8 500 000	8 333 000
Short-Term Group Debt	1 652 000	1 621 000	1 172 000	0
Total Long-Term Debt	13 813 000	15 191 000	15 451 000	15 710 000
Creditors	81 000	73 000	523 000	0
Unpaid Taxes	128 000	93 000	0	75 000
Dividends	0	0	0	0
Other Current Debt	79 000	1 389 000	1 321 000	1 296 000
Total Current Debt	1 940 000	3 176 000	3 016 000	1 626 000
Total Equity and Debt	25 732 000	28 253 000	26 967 000	25 668 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,85 %	14,02 %	12,73 %	12,23 %
Debt-to-Equity Ratio	1,38	1,54	1,82	1,89
Operating Profit Margin	74,01 %	71,84 %	67,72 %	70,33 %
Current Ratio	0,91	1,23	0,82	2,37
Quick Ratio	0,91	1,23	0,82	2,37
Equity Ratio	0,39	0,35	0,32	0,32
Gross Profit Margin	100 %	100 %	100 %	100 %