COWEDO AS

1359 EIKSMARKA

Finances

Share Ownership

Return on Equity

7,2 %

Current Ratio

3,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 425 000	810 000	1 000	1 000
Net Income	177 000	−1 717 000	−737 000	−503 000
Total Assets	2 744 000	3 468 000	5 276 000	3 392 000
Total Equity	2 458 000	2 281 000	3 998 000	2 042 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 425 000	810 000	1 000	1 000
Expenditure	2 207 000	2 489 000	687 000	551 000
Operating Profit	218 000	−1 679 000	−687 000	−550 000
Financial Income	2 000	1 000	1 000	1 000
Financial Costs	42 000	39 000	51 000	85 000
Financial Balance	−40 000	−38 000	−50 000	−84 000
Earnings Before Tax	177 000	−1 717 000	−737 000	−634 000
Tax	0	0	0	−131 000
Net Income	177 000	−1 717 000	−737 000	−503 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 619 000	2 670 000	3 143 000	2 938 000
Total Current Assets	1 125 000	797 000	2 133 000	454 000
Total Assets	2 744 000	3 468 000	5 276 000	3 392 000
Total Retained Equity	0	−4 491 000	−2 774 000	−2 037 000
Total Equity	2 458 000	2 281 000	3 998 000	2 042 000
Total Long-Term Debt	0	902 000	995 000	995 000
Total Current Debt	286 000	284 000	283 000	355 000
Total Equity and Debt	2 744 000	3 468 000	5 276 000	3 392 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	810 000	0	1 000
Other Income	2 425 000	0	1 000	0
Revenue	2 425 000	810 000	1 000	1 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 017 000	1 699 000	458 000	189 000
Depreciation	1 051 000	530 000	0	5 000
Impairment	0	0	0	0
Expenditure	2 207 000	2 489 000	687 000	551 000
Operating Profit	218 000	−1 679 000	−687 000	−550 000
Financial Income	2 000	1 000	1 000	1 000
Financial Costs	42 000	39 000	51 000	85 000
Financial Balance	−40 000	−38 000	−50 000	−84 000
Dividends	0	0	0	0
Net Income	177 000	−1 717 000	−737 000	−503 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 605 000	2 624 000	3 143 000	2 938 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	14 000	46 000	0	0
Total Tangible Assets	14 000	46 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 619 000	2 670 000	3 143 000	2 938 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	824 000	768 000	2 104 000	427 000
Total Current Assets	1 125 000	797 000	2 133 000	454 000
Total Assets	2 744 000	3 468 000	5 276 000	3 392 000
Total Equity	2 458 000	2 281 000	3 998 000	2 042 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	902 000	995 000	995 000
Creditors	0	0	0	0
Unpaid Taxes	−10 000	−91 000	−23 000	186 000
Dividends	0	0	0	0
Other Current Debt	295 000	375 000	305 000	169 000
Total Current Debt	286 000	284 000	283 000	355 000
Total Equity and Debt	2 744 000	3 468 000	5 276 000	3 392 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,2 %	−75,27 %	−18,43 %	−24,63 %
Debt-to-Equity Ratio	0	0,4	0,25	0,49
Operating Profit Margin	8,99 %	−207,28 %	−68 700 %	−55 000 %
Current Ratio	3,93	2,81	7,54	1,28
Quick Ratio	3,93	2,81	7,54	1,28
Equity Ratio	0,9	0,66	0,76	0,6
Gross Profit Margin	100 %	100 %	100 %	100 %