CORDIS MEDICAL NORWAY AS

0167 OSLO

Finances

Share Ownership

Return on Equity

14,5 %

Current Ratio

2,34

Debt-to-Equity Ratio

4,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 702 000	17 443 000	23 355 000	18 135 000
Net Income	345 000	199 000	932 000	591 000
Total Assets	20 373 000	14 837 000	24 907 000	26 323 000
Total Equity	2 379 000	6 567 000	6 368 000	5 436 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 702 000	17 443 000	23 355 000	18 135 000
Expenditure	13 249 000	17 099 000	21 034 000	17 224 000
Operating Profit	453 000	345 000	2 322 000	911 000
Financial Income	115 000	860 000	0	11 000
Financial Costs	113 000	654 000	1 101 000	137 000
Financial Balance	2 000	206 000	−1 101 000	−126 000
Earnings Before Tax	454 000	550 000	1 221 000	785 000
Tax	109 000	351 000	289 000	193 000
Net Income	345 000	199 000	932 000	591 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 193 000	4 556 000	6 318 000	8 080 000
Total Current Assets	16 179 000	10 281 000	18 589 000	18 244 000
Total Assets	20 373 000	14 837 000	24 907 000	26 323 000
Total Retained Equity	−2 287 000	1 900 000	1 701 000	769 000
Total Equity	2 379 000	6 567 000	6 368 000	5 436 000
Total Long-Term Debt	11 086 000	5 206 000	12 284 000	9 456 000
Total Current Debt	6 907 000	3 065 000	6 255 000	11 432 000
Total Equity and Debt	20 373 000	14 837 000	24 907 000	26 323 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 702 000	17 443 000	23 355 000	18 135 000
Other Income	0	0	0	0
Revenue	13 702 000	17 443 000	23 355 000	18 135 000
Cost of Goods Sold	6 240 000	8 334 000	12 887 000	11 435 000
Salary Costs	4 772 000	4 729 000	4 094 000	2 799 000
Depreciation	546 000	1 762 000	1 762 000	1 507 000
Impairment	0	0	0	0
Expenditure	13 249 000	17 099 000	21 034 000	17 224 000
Operating Profit	453 000	345 000	2 322 000	911 000
Financial Income	115 000	860 000	0	11 000
Financial Costs	113 000	654 000	1 101 000	137 000
Financial Balance	2 000	206 000	−1 101 000	−126 000
Dividends	0	0	0	0
Net Income	345 000	199 000	932 000	591 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	827 000	2 309 000	3 864 000	5 420 000
Total Intangible Assets	4 193 000	4 556 000	6 318 000	8 080 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 193 000	4 556 000	6 318 000	8 080 000
Stock	913 000	354 000	890 000	915 000
Total Investments	0	0	0	0
Cash, Bank	5 668 000	7 046 000	6 257 000	6 772 000
Total Current Assets	16 179 000	10 281 000	18 589 000	18 244 000
Total Assets	20 373 000	14 837 000	24 907 000	26 323 000
Total Equity	2 379 000	6 567 000	6 368 000	5 436 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 086 000	5 206 000	12 284 000	9 456 000
Creditors	3 073 000	902 000	4 109 000	8 357 000
Unpaid Taxes	2 524 000	713 000	1 372 000	1 962 000
Dividends	0	0	0	0
Other Current Debt	1 201 000	1 346 000	486 000	919 000
Total Current Debt	6 907 000	3 065 000	6 255 000	11 432 000
Total Equity and Debt	20 373 000	14 837 000	24 907 000	26 323 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,5 %	3,03 %	14,64 %	10,87 %
Debt-to-Equity Ratio	4,66	0,79	1,93	1,74
Operating Profit Margin	3,31 %	1,98 %	9,94 %	5,02 %
Current Ratio	2,34	3,35	2,97	1,6
Quick Ratio	2,7	3,79	3,46	1,73
Equity Ratio	0,12	0,44	0,26	0,21
Gross Profit Margin	54,46 %	52,22 %	44,82 %	36,95 %