COVE AS

4844 ARENDAL

Finances

Share Ownership

Return on Equity

−176,47 %

Current Ratio

1,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 851 000	1 270 000	799 000	0
Net Income	−150 000	−3 000	164 000	−7 000
Total Assets	291 000	457 000	354 000	85 000
Total Equity	85 000	235 000	238 000	74 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 851 000	1 270 000	799 000	0
Expenditure	2 001 000	1 289 000	589 000	7 000
Operating Profit	−149 000	−20 000	210 000	−7 000
Financial Income	0	17 000	0	0
Financial Costs	0	0	0	0
Financial Balance	0	17 000	0	0
Earnings Before Tax	−149 000	−3 000	210 000	−7 000
Tax	1 000	0	46 000	0
Net Income	−150 000	−3 000	164 000	−7 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 000	7 000	18 000	26 000
Total Current Assets	275 000	450 000	336 000	59 000
Total Assets	291 000	457 000	354 000	85 000
Total Retained Equity	−5 000	145 000	148 000	−16 000
Total Equity	85 000	235 000	238 000	74 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	206 000	222 000	116 000	11 000
Total Equity and Debt	291 000	457 000	354 000	85 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 851 000	1 255 000	799 000	0
Other Income	0	15 000	0	0
Revenue	1 851 000	1 270 000	799 000	0
Cost of Goods Sold	0	0	46 000	0
Salary Costs	1 080 000	780 000	345 000	0
Depreciation	11 000	8 000	8 000	1 000
Impairment	0	0	0	0
Expenditure	2 001 000	1 289 000	589 000	7 000
Operating Profit	−149 000	−20 000	210 000	−7 000
Financial Income	0	17 000	0	0
Financial Costs	0	0	0	0
Financial Balance	0	17 000	0	0
Dividends	0	0	0	0
Net Income	−150 000	−3 000	164 000	−7 000

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	17 000	7 000	15 000	23 000
Total Tangible Assets	17 000	7 000	15 000	23 000
Total Fiancial Fixed Assets	0	0	3 000	3 000
Total Fixed Assets	17 000	7 000	18 000	26 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	231 000	218 000	276 000	59 000
Total Current Assets	275 000	450 000	336 000	59 000
Total Assets	291 000	457 000	354 000	85 000
Total Equity	85 000	235 000	238 000	74 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	4 000	0	0
Unpaid Taxes	83 000	129 000	17 000	0
Dividends	0	0	0	0
Other Current Debt	120 000	87 000	49 000	11 000
Total Current Debt	206 000	222 000	116 000	11 000
Total Equity and Debt	291 000	457 000	354 000	85 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−176,47 %	−1,28 %	68,91 %	−9,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−8,05 %	−1,57 %	26,28 %	-
Current Ratio	1,33	2,03	2,9	5,36
Quick Ratio	1,33	2,03	2,9	5,36
Equity Ratio	0,29	0,51	0,67	0,87
Gross Profit Margin	100 %	100 %	94,24 %	-