DEVO AS

4033 STAVANGER

Finances

Return on Equity

106,08 %

Current Ratio

1,32

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	97 230 000	72 278 000	106 457 000	77 125 000
Net Income	6 355 000	2 901 000	2 679 000	3 596 000
Total Assets	29 885 000	23 231 000	29 098 000	26 386 000
Total Equity	5 991 000	5 137 000	5 636 000	3 957 000

Income (NOK)	2022	2021	2020	2019
Revenue	97 230 000	72 278 000	106 457 000	77 125 000
Expenditure	89 098 000	68 563 000	103 014 000	72 520 000
Operating Profit	8 132 000	3 715 000	3 444 000	4 605 000
Financial Income	20 000	4 000	13 000	10 000
Financial Costs	4 000	1 000	21 000	3 000
Financial Balance	16 000	3 000	−8 000	7 000
Earnings Before Tax	8 148 000	3 719 000	3 436 000	4 612 000
Tax	1 794 000	818 000	756 000	1 016 000
Net Income	6 355 000	2 901 000	2 679 000	3 596 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	215 000	201 000	251 000	227 000
Total Current Assets	29 670 000	23 030 000	28 847 000	26 159 000
Total Assets	29 885 000	23 231 000	29 098 000	26 386 000
Total Retained Equity	4 701 000	3 742 000	4 136 000	2 457 000
Total Equity	5 991 000	5 137 000	5 636 000	3 957 000
Total Long-Term Debt	1 384 000	1 319 000	1 513 000	225 000
Total Current Debt	22 510 000	16 775 000	21 949 000	22 204 000
Total Equity and Debt	29 885 000	23 231 000	29 098 000	26 386 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	97 230 000	72 278 000	106 457 000	77 125 000
Other Income	0	0	0	0
Revenue	97 230 000	72 278 000	106 457 000	77 125 000
Cost of Goods Sold	63 681 000	45 202 000	81 848 000	52 510 000
Salary Costs	20 832 000	19 704 000	17 494 000	16 568 000
Depreciation	63 000	50 000	63 000	56 000
Impairment	0	0	0	0
Expenditure	89 098 000	68 563 000	103 014 000	72 520 000
Operating Profit	8 132 000	3 715 000	3 444 000	4 605 000
Financial Income	20 000	4 000	13 000	10 000
Financial Costs	4 000	1 000	21 000	3 000
Financial Balance	16 000	3 000	−8 000	7 000
Dividends	5 000 000	2 900 000	1 000 000	2 500 000
Net Income	6 355 000	2 901 000	2 679 000	3 596 000

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	214 000	200 000	250 000	226 000
Total Tangible Assets	214 000	200 000	250 000	226 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	215 000	201 000	251 000	227 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	15 151 000	13 689 000	15 080 000	18 994 000
Total Current Assets	29 670 000	23 030 000	28 847 000	26 159 000
Total Assets	29 885 000	23 231 000	29 098 000	26 386 000
Total Equity	5 991 000	5 137 000	5 636 000	3 957 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 384 000	1 319 000	1 513 000	225 000
Creditors	10 670 000	4 362 000	17 999 000	7 928 000
Unpaid Taxes	3 019 000	3 355 000	2 116 000	2 373 000
Dividends	5 000 000	2 900 000	1 000 000	2 500 000
Other Current Debt	2 092 000	5 146 000	1 365 000	7 815 000
Total Current Debt	22 510 000	16 775 000	21 949 000	22 204 000
Total Equity and Debt	29 885 000	23 231 000	29 098 000	26 386 000

Financial indicators	2022	2021	2020	2019
Return on Equity	106,08 %	56,47 %	47,53 %	90,88 %
Debt-to-Equity Ratio	0,23	0,26	0,27	0,06
Operating Profit Margin	8,36 %	5,14 %	3,24 %	5,97 %
Current Ratio	1,32	1,37	1,31	1,18
Quick Ratio	1,32	1,37	1,31	1,18
Equity Ratio	0,2	0,22	0,19	0,15
Gross Profit Margin	34,5 %	37,46 %	23,12 %	31,92 %