CONVERTO AS

6003 ÅLESUND

Finances

Return on Equity

2 333,46 %

Current Ratio

0,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 250 000	36 525 000	12 467 000	11 553 000
Net Income	6 067 000	5 963 000	775 000	365 000
Total Assets	18 098 000	19 775 000	5 476 000	3 711 000
Total Equity	260 000	260 000	260 000	260 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 250 000	36 525 000	12 467 000	11 553 000
Expenditure	35 447 000	28 884 000	11 464 000	11 074 000
Operating Profit	7 803 000	7 641 000	1 003 000	480 000
Financial Income	1 000	15 000	1 000	5 000
Financial Costs	4 000	0	2 000	1 000
Financial Balance	−3 000	15 000	−1 000	4 000
Earnings Before Tax	7 800 000	7 655 000	1 002 000	483 000
Tax	1 733 000	1 692 000	227 000	118 000
Net Income	6 067 000	5 963 000	775 000	365 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	926 000	305 000	380 000	260 000
Total Current Assets	17 172 000	19 471 000	5 096 000	3 451 000
Total Assets	18 098 000	19 775 000	5 476 000	3 711 000
Total Retained Equity	65 000	65 000	65 000	65 000
Total Equity	260 000	260 000	260 000	260 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	17 838 000	19 515 000	5 216 000	3 451 000
Total Equity and Debt	18 098 000	19 775 000	5 476 000	3 711 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	43 250 000	36 525 000	12 467 000	11 553 000
Other Income	0	0	0	0
Revenue	43 250 000	36 525 000	12 467 000	11 553 000
Cost of Goods Sold	2 983 000	3 591 000	2 175 000	9 321 000
Salary Costs	25 021 000	21 360 000	7 529 000	605 000
Depreciation	106 000	55 000	41 000	41 000
Impairment	0	0	0	0
Expenditure	35 447 000	28 884 000	11 464 000	11 074 000
Operating Profit	7 803 000	7 641 000	1 003 000	480 000
Financial Income	1 000	15 000	1 000	5 000
Financial Costs	4 000	0	2 000	1 000
Financial Balance	−3 000	15 000	−1 000	4 000
Dividends	5 176 000	5 771 000	775 000	1 462 000
Net Income	6 067 000	5 963 000	775 000	365 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	35 000	53 000	24 000	13 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	591 000	101 000	55 000	96 000
Total Tangible Assets	591 000	101 000	55 000	96 000
Total Fiancial Fixed Assets	301 000	151 000	301 000	151 000
Total Fixed Assets	926 000	305 000	380 000	260 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 200 000	14 563 000	2 862 000	1 711 000
Total Current Assets	17 172 000	19 471 000	5 096 000	3 451 000
Total Assets	18 098 000	19 775 000	5 476 000	3 711 000
Total Equity	260 000	260 000	260 000	260 000
Short-Term Group Debt	0	1 156 000	1 423 000	0
Total Long-Term Debt	0	0	0	0
Creditors	1 270 000	714 000	295 000	1 792 000
Unpaid Taxes	1 982 000	2 782 000	1 109 000	56 000
Dividends	5 176 000	5 771 000	775 000	1 462 000
Other Current Debt	6 804 000	7 179 000	1 377 000	26 000
Total Current Debt	17 838 000	19 515 000	5 216 000	3 451 000
Total Equity and Debt	18 098 000	19 775 000	5 476 000	3 711 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2 333,46 %	2 293,46 %	298,08 %	140,38 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	18,04 %	20,92 %	8,05 %	4,15 %
Current Ratio	0,96	1	0,98	1
Quick Ratio	0,96	1	0,98	1
Equity Ratio	0,01	0,01	0,05	0,07
Gross Profit Margin	93,1 %	90,17 %	82,55 %	19,32 %