CV2 NORDIC AS

4631 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

29,66 %

Current Ratio

2,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 052 000	1 766 000	1 695 000	1 786 000
Net Income	210 000	18 000	241 000	214 000
Total Assets	1 200 000	1 411 000	2 109 000	1 165 000
Total Equity	708 000	698 000	680 000	589 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 052 000	1 766 000	1 695 000	1 786 000
Expenditure	1 781 000	1 648 000	1 377 000	1 510 000
Operating Profit	271 000	118 000	319 000	276 000
Financial Income	−2 000	7 000	2 000	1 000
Financial Costs	0	100 000	11 000	2 000
Financial Balance	−2 000	−93 000	−9 000	−1 000
Earnings Before Tax	269 000	25 000	310 000	275 000
Tax	59 000	7 000	69 000	61 000
Net Income	210 000	18 000	241 000	214 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	46 000	59 000	0	0
Total Current Assets	1 154 000	1 352 000	2 109 000	1 165 000
Total Assets	1 200 000	1 411 000	2 109 000	1 165 000
Total Retained Equity	408 000	398 000	380 000	289 000
Total Equity	708 000	698 000	680 000	589 000
Total Long-Term Debt	1 000	1 000	0	0
Total Current Debt	491 000	711 000	1 429 000	576 000
Total Equity and Debt	1 200 000	1 411 000	2 109 000	1 165 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 581 000	1 306 000	2 564 000	1 737 000
Other Income	471 000	460 000	−869 000	49 000
Revenue	2 052 000	1 766 000	1 695 000	1 786 000
Cost of Goods Sold	497 000	369 000	368 000	528 000
Salary Costs	1 028 000	1 016 000	810 000	768 000
Depreciation	13 000	7 000	0	0
Impairment	0	0	0	0
Expenditure	1 781 000	1 648 000	1 377 000	1 510 000
Operating Profit	271 000	118 000	319 000	276 000
Financial Income	−2 000	7 000	2 000	1 000
Financial Costs	0	100 000	11 000	2 000
Financial Balance	−2 000	−93 000	−9 000	−1 000
Dividends	200 000	0	150 000	0
Net Income	210 000	18 000	241 000	214 000

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	46 000	59 000	0	0
Total Tangible Assets	46 000	59 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	46 000	59 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	893 000	744 000	1 336 000	1 020 000
Total Current Assets	1 154 000	1 352 000	2 109 000	1 165 000
Total Assets	1 200 000	1 411 000	2 109 000	1 165 000
Total Equity	708 000	698 000	680 000	589 000
Short-Term Group Debt	200 000	0	0	2 000
Total Long-Term Debt	1 000	1 000	0	0
Creditors	14 000	11 000	7 000	6 000
Unpaid Taxes	130 000	119 000	181 000	103 000
Dividends	200 000	0	150 000	0
Other Current Debt	87 000	576 000	1 172 000	404 000
Total Current Debt	491 000	711 000	1 429 000	576 000
Total Equity and Debt	1 200 000	1 411 000	2 109 000	1 165 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,66 %	2,58 %	35,44 %	36,33 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,21 %	6,68 %	18,82 %	15,45 %
Current Ratio	2,35	1,9	1,48	2,02
Quick Ratio	2,35	1,9	1,48	2,02
Equity Ratio	0,59	0,49	0,32	0,51
Gross Profit Margin	75,78 %	79,11 %	78,29 %	70,44 %