KODEWORKS AS

7010 TRONDHEIM

Finances

Return on Equity

18,3 %

Current Ratio

1,39

Debt-to-Equity Ratio

0,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 712 000	29 413 000	26 948 000	17 137 000
Net Income	1 505 000	6 758 000	−1 703 000	1 090 000
Total Assets	25 926 000	44 122 000	52 144 000	45 199 000
Total Equity	8 222 000	6 716 000	−42 000	1 662 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 712 000	29 413 000	26 948 000	17 137 000
Expenditure	37 437 000	25 746 000	30 038 000	18 065 000
Operating Profit	2 274 000	3 667 000	−3 090 000	−928 000
Financial Income	624 000	4 907 000	1 697 000	3 153 000
Financial Costs	988 000	1 084 000	1 263 000	1 335 000
Financial Balance	−364 000	3 823 000	434 000	1 818 000
Earnings Before Tax	1 911 000	7 490 000	−2 657 000	890 000
Tax	405 000	732 000	−953 000	−200 000
Net Income	1 505 000	6 758 000	−1 703 000	1 090 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 554 000	28 053 000	41 042 000	37 284 000
Total Current Assets	13 372 000	16 069 000	11 102 000	7 915 000
Total Assets	25 926 000	44 122 000	52 144 000	45 199 000
Total Retained Equity	8 117 000	6 612 000	−146 000	1 557 000
Total Equity	8 222 000	6 716 000	−42 000	1 662 000
Total Long-Term Debt	8 063 000	23 044 000	32 408 000	32 604 000
Total Current Debt	9 641 000	14 362 000	19 778 000	10 933 000
Total Equity and Debt	25 926 000	44 122 000	52 144 000	45 199 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	39 712 000	29 476 000	25 677 000	16 330 000
Other Income	0	−64 000	1 271 000	807 000
Revenue	39 712 000	29 413 000	26 948 000	17 137 000
Cost of Goods Sold	33 171 000	22 598 000	21 079 000	13 344 000
Salary Costs	3 566 000	2 297 000	2 184 000	1 128 000
Depreciation	11 000	18 000	24 000	0
Impairment	0	0	0	0
Expenditure	37 437 000	25 746 000	30 038 000	18 065 000
Operating Profit	2 274 000	3 667 000	−3 090 000	−928 000
Financial Income	624 000	4 907 000	1 697 000	3 153 000
Financial Costs	988 000	1 084 000	1 263 000	1 335 000
Financial Balance	−364 000	3 823 000	434 000	1 818 000
Dividends	0	0	0	0
Net Income	1 505 000	6 758 000	−1 703 000	1 090 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	158 000	564 000	1 295 000	342 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	35 000	52 000	70 000	40 000
Total Tangible Assets	35 000	52 000	70 000	40 000
Total Fiancial Fixed Assets	12 360 000	27 438 000	39 678 000	36 903 000
Total Fixed Assets	12 554 000	28 053 000	41 042 000	37 284 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 447 000	11 715 000	2 533 000	2 689 000
Total Current Assets	13 372 000	16 069 000	11 102 000	7 915 000
Total Assets	25 926 000	44 122 000	52 144 000	45 199 000
Total Equity	8 222 000	6 716 000	−42 000	1 662 000
Short-Term Group Debt	212 000	2 323 000	19 231 000	2 323 000
Total Long-Term Debt	8 063 000	23 044 000	32 408 000	32 604 000
Creditors	8 742 000	11 710 000	288 000	8 493 000
Unpaid Taxes	257 000	138 000	67 000	62 000
Dividends	0	0	0	0
Other Current Debt	430 000	191 000	192 000	55 000
Total Current Debt	9 641 000	14 362 000	19 778 000	10 933 000
Total Equity and Debt	25 926 000	44 122 000	52 144 000	45 199 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,3 %	100,63 %	4 054,76 %	65,58 %
Debt-to-Equity Ratio	0,98	3,43	−771,62	19,62
Operating Profit Margin	5,73 %	12,47 %	−11,47 %	−5,42 %
Current Ratio	1,39	1,12	0,56	0,72
Quick Ratio	1,39	1,12	0,56	0,72
Equity Ratio	0,32	0,15	−0	0,04
Gross Profit Margin	16,47 %	23,17 %	21,78 %	22,13 %