KREDS STUDIO AS

3263 LARVIK

Finances

Return on Equity

3,42 %

Current Ratio

4,41

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	89 000	123 000	255 000	455 000
Net Income	17 000	−12 000	21 000	134 000
Total Assets	514 000	489 000	574 000	632 000
Total Equity	497 000	480 000	492 000	470 000

Income (NOK)	2022	2021	2020	2019
Revenue	89 000	123 000	255 000	455 000
Expenditure	80 000	134 000	227 000	282 000
Operating Profit	9 000	−11 000	28 000	172 000
Financial Income	12 000	1 000	0	0
Financial Costs	0	2 000	0	0
Financial Balance	12 000	−1 000	0	0
Earnings Before Tax	21 000	−12 000	28 000	172 000
Tax	4 000	0	7 000	38 000
Net Income	17 000	−12 000	21 000	134 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	439 000	27 000	27 000	0
Total Current Assets	75 000	462 000	547 000	632 000
Total Assets	514 000	489 000	574 000	632 000
Total Retained Equity	467 000	450 000	462 000	440 000
Total Equity	497 000	480 000	492 000	470 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	17 000	9 000	83 000	161 000
Total Equity and Debt	514 000	489 000	574 000	632 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	84 000	123 000	255 000	455 000
Other Income	4 000	0	0	0
Revenue	89 000	123 000	255 000	455 000
Cost of Goods Sold	11 000	54 000	43 000	61 000
Salary Costs	0	0	59 000	147 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	80 000	134 000	227 000	282 000
Operating Profit	9 000	−11 000	28 000	172 000
Financial Income	12 000	1 000	0	0
Financial Costs	0	2 000	0	0
Financial Balance	12 000	−1 000	0	0
Dividends	0	0	0	0
Net Income	17 000	−12 000	21 000	134 000

Balance details (NOK)	2022	2021	2020	2019
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	439 000	27 000	27 000	0
Total Fixed Assets	439 000	27 000	27 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	39 000	49 000	214 000	192 000
Total Current Assets	75 000	462 000	547 000	632 000
Total Assets	514 000	489 000	574 000	632 000
Total Equity	497 000	480 000	492 000	470 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	6 000	13 000	1 000
Unpaid Taxes	12 000	6 000	59 000	95 000
Dividends	0	0	0	0
Other Current Debt	1 000	−2 000	4 000	27 000
Total Current Debt	17 000	9 000	83 000	161 000
Total Equity and Debt	514 000	489 000	574 000	632 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,42 %	−2,5 %	4,27 %	28,51 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,11 %	−8,94 %	10,98 %	37,8 %
Current Ratio	4,41	51,33	6,59	3,93
Quick Ratio	4,41	51,33	6,59	3,93
Equity Ratio	0,97	0,98	0,86	0,74
Gross Profit Margin	87,64 %	56,1 %	83,14 %	86,59 %