ELVELANGS IT AS

0576 OSLO

Finances

Return on Equity

43,97 %

Current Ratio

6,55

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	403 000	380 000	257 000	0
Net Income	281 000	212 000	156 000	−19 000
Total Assets	751 000	447 000	230 000	11 000
Total Equity	639 000	358 000	146 000	−10 000

Income (NOK)	2022	2021	2020	2019
Revenue	403 000	380 000	257 000	0
Expenditure	42 000	109 000	56 000	19 000
Operating Profit	361 000	271 000	200 000	−19 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	361 000	271 000	200 000	−19 000
Tax	80 000	59 000	44 000	0
Net Income	281 000	212 000	156 000	−19 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	168 000	13 000	21 000	0
Total Current Assets	583 000	434 000	208 000	11 000
Total Assets	751 000	447 000	230 000	11 000
Total Retained Equity	609 000	328 000	116 000	−40 000
Total Equity	639 000	358 000	146 000	−10 000
Total Long-Term Debt	23 000	21 000	21 000	21 000
Total Current Debt	89 000	68 000	63 000	0
Total Equity and Debt	751 000	447 000	230 000	11 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	403 000	380 000	257 000	0
Other Income	0	0	0	0
Revenue	403 000	380 000	257 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	9 000	8 000	3 000	0
Impairment	0	0	0	0
Expenditure	42 000	109 000	56 000	19 000
Operating Profit	361 000	271 000	200 000	−19 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	281 000	212 000	156 000	−19 000

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	40 000	13 000	21 000	0
Total Tangible Assets	40 000	13 000	21 000	0
Total Fiancial Fixed Assets	128 000	0	0	0
Total Fixed Assets	168 000	13 000	21 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	519 000	397 000	163 000	11 000
Total Current Assets	583 000	434 000	208 000	11 000
Total Assets	751 000	447 000	230 000	11 000
Total Equity	639 000	358 000	146 000	−10 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	23 000	21 000	21 000	21 000
Creditors	0	0	0	0
Unpaid Taxes	12 000	9 000	19 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	89 000	68 000	63 000	0
Total Equity and Debt	751 000	447 000	230 000	11 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,97 %	59,22 %	106,85 %	190 %
Debt-to-Equity Ratio	0,04	0,06	0,14	−2,1
Operating Profit Margin	89,58 %	71,32 %	77,82 %	-
Current Ratio	6,55	6,38	3,3	-
Quick Ratio	6,55	6,38	3,3	-
Equity Ratio	0,85	0,8	0,63	−0,91
Gross Profit Margin	100 %	100 %	100 %	-