CREDOVEITA 2 AS

7031 TRONDHEIM

Finances

Share Ownership

Return on Equity

68,8 %

Current Ratio

0,05

Debt-to-Equity Ratio

22,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	707 000	758 000	611 000	539 000
Net Income	172 000	207 000	84 000	−140 000
Total Assets	6 761 000	6 709 000	6 707 000	5 158 000
Total Equity	250 000	78 000	−129 000	−213 000

Income (NOK)	2022	2021	2020	2019
Revenue	707 000	758 000	611 000	539 000
Expenditure	262 000	331 000	560 000	491 000
Operating Profit	445 000	427 000	51 000	48 000
Financial Income	66 000	60 000	263 000	0
Financial Costs	291 000	221 000	205 000	227 000
Financial Balance	−225 000	−161 000	58 000	−227 000
Earnings Before Tax	220 000	266 000	108 000	−179 000
Tax	48 000	59 000	24 000	−39 000
Net Income	172 000	207 000	84 000	−140 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 717 000	6 681 000	6 637 000	4 997 000
Total Current Assets	44 000	28 000	70 000	161 000
Total Assets	6 761 000	6 709 000	6 707 000	5 158 000
Total Retained Equity	220 000	48 000	−159 000	−243 000
Total Equity	250 000	78 000	−129 000	−213 000
Total Long-Term Debt	5 710 000	5 844 000	5 988 000	4 961 000
Total Current Debt	802 000	787 000	848 000	410 000
Total Equity and Debt	6 761 000	6 709 000	6 707 000	5 158 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 000	0	0	0
Other Income	695 000	758 000	611 000	539 000
Revenue	707 000	758 000	611 000	539 000
Cost of Goods Sold	90 000	75 000	103 000	153 000
Salary Costs	0	0	0	0
Depreciation	24 000	24 000	24 000	24 000
Impairment	0	0	0	0
Expenditure	262 000	331 000	560 000	491 000
Operating Profit	445 000	427 000	51 000	48 000
Financial Income	66 000	60 000	263 000	0
Financial Costs	291 000	221 000	205 000	227 000
Financial Balance	−225 000	−161 000	58 000	−227 000
Dividends	0	0	0	0
Net Income	172 000	207 000	84 000	−140 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	117 000	117 000	109 000	85 000
Real Eastate	4 465 000	4 488 000	4 512 000	4 536 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 465 000	4 488 000	4 512 000	4 536 000
Total Fiancial Fixed Assets	2 136 000	2 076 000	2 016 000	376 000
Total Fixed Assets	6 717 000	6 681 000	6 637 000	4 997 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	74 000	24 000	152 000	49 000
Total Current Assets	44 000	28 000	70 000	161 000
Total Assets	6 761 000	6 709 000	6 707 000	5 158 000
Total Equity	250 000	78 000	−129 000	−213 000
Short-Term Group Debt	752 000	702 000	752 000	43 000
Total Long-Term Debt	5 710 000	5 844 000	5 988 000	4 961 000
Creditors	16 000	−11 000	−2 000	59 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	−15 000	29 000	50 000	308 000
Total Current Debt	802 000	787 000	848 000	410 000
Total Equity and Debt	6 761 000	6 709 000	6 707 000	5 158 000

Financial indicators	2022	2021	2020	2019
Return on Equity	68,8 %	265,38 %	−65,12 %	65,73 %
Debt-to-Equity Ratio	22,84	74,92	−46,42	−23,29
Operating Profit Margin	62,94 %	56,33 %	8,35 %	8,91 %
Current Ratio	0,05	0,04	0,08	0,39
Quick Ratio	0,05	0,04	0,08	0,39
Equity Ratio	0,04	0,01	−0,02	−0,04
Gross Profit Margin	87,27 %	90,11 %	83,14 %	71,61 %