KOVER AS

2690 SKJÅK

Finances

Share Ownership

Return on Equity

29,36 %

Current Ratio

2,87

Debt-to-Equity Ratio

0,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 150 000	8 165 000	3 777 000	2 824 000
Net Income	941 000	580 000	543 000	456 000
Total Assets	5 849 000	4 824 000	2 434 000	1 422 000
Total Equity	3 205 000	2 264 000	1 684 000	1 140 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 150 000	8 165 000	3 777 000	2 824 000
Expenditure	9 867 000	7 413 000	3 086 000	2 256 000
Operating Profit	1 284 000	751 000	691 000	568 000
Financial Income	1 000	11 000	7 000	17 000
Financial Costs	77 000	19 000	1 000	1 000
Financial Balance	−76 000	−8 000	6 000	16 000
Earnings Before Tax	1 207 000	744 000	697 000	585 000
Tax	266 000	164 000	153 000	129 000
Net Income	941 000	580 000	543 000	456 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 360 000	1 927 000	54 000	52 000
Total Current Assets	3 489 000	2 897 000	2 380 000	1 370 000
Total Assets	5 849 000	4 824 000	2 434 000	1 422 000
Total Retained Equity	3 175 000	2 234 000	1 654 000	1 110 000
Total Equity	3 205 000	2 264 000	1 684 000	1 140 000
Total Long-Term Debt	1 430 000	1 487 000	1 000	2 000
Total Current Debt	1 214 000	1 074 000	750 000	280 000
Total Equity and Debt	5 849 000	4 824 000	2 434 000	1 422 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 150 000	8 165 000	3 777 000	2 818 000
Other Income	0	0	0	5 000
Revenue	11 150 000	8 165 000	3 777 000	2 824 000
Cost of Goods Sold	7 947 000	6 049 000	2 735 000	2 106 000
Salary Costs	1 257 000	958 000	0	0
Depreciation	57 000	23 000	18 000	2 000
Impairment	0	0	0	0
Expenditure	9 867 000	7 413 000	3 086 000	2 256 000
Operating Profit	1 284 000	751 000	691 000	568 000
Financial Income	1 000	11 000	7 000	17 000
Financial Costs	77 000	19 000	1 000	1 000
Financial Balance	−76 000	−8 000	6 000	16 000
Dividends	0	0	0	0
Net Income	941 000	580 000	543 000	456 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	1 000	0	0
Real Eastate	2 033 000	1 866 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	327 000	61 000	54 000	52 000
Total Tangible Assets	2 360 000	1 927 000	54 000	52 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 360 000	1 927 000	54 000	52 000
Stock	1 600 000	1 010 000	327 000	451 000
Total Investments	0	0	0	0
Cash, Bank	1 286 000	617 000	1 043 000	432 000
Total Current Assets	3 489 000	2 897 000	2 380 000	1 370 000
Total Assets	5 849 000	4 824 000	2 434 000	1 422 000
Total Equity	3 205 000	2 264 000	1 684 000	1 140 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 430 000	1 487 000	1 000	2 000
Creditors	141 000	111 000	383 000	20 000
Unpaid Taxes	661 000	775 000	193 000	106 000
Dividends	0	0	0	0
Other Current Debt	168 000	23 000	19 000	27 000
Total Current Debt	1 214 000	1 074 000	750 000	280 000
Total Equity and Debt	5 849 000	4 824 000	2 434 000	1 422 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,36 %	25,62 %	32,24 %	40 %
Debt-to-Equity Ratio	0,45	0,66	0	0
Operating Profit Margin	11,52 %	9,2 %	18,29 %	20,11 %
Current Ratio	2,87	2,7	3,17	4,89
Quick Ratio	−9,04	45,27	5,63	−8,01
Equity Ratio	0,55	0,47	0,69	0,8
Gross Profit Margin	28,73 %	25,92 %	27,59 %	25,42 %