CODEWORK AS

7051 TRONDHEIM

Finances

Return on Equity

15,91 %

Current Ratio

1,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 938 000	4 577 000	4 926 000	3 525 000
Net Income	294 000	852 000	559 000	−116 000
Total Assets	2 192 000	2 328 000	1 588 000	762 000
Total Equity	1 848 000	1 555 000	703 000	269 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 938 000	4 577 000	4 926 000	3 525 000
Expenditure	2 292 000	3 442 000	4 194 000	3 622 000
Operating Profit	645 000	1 136 000	732 000	−97 000
Financial Income	0	0	0	2 000
Financial Costs	203 000	8 000	14 000	29 000
Financial Balance	−203 000	−8 000	−14 000	−27 000
Earnings Before Tax	442 000	1 128 000	718 000	−124 000
Tax	148 000	277 000	160 000	−7 000
Net Income	294 000	852 000	559 000	−116 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 518 000	1 582 000	291 000	323 000
Total Current Assets	674 000	746 000	1 297 000	439 000
Total Assets	2 192 000	2 328 000	1 588 000	762 000
Total Retained Equity	1 748 000	1 455 000	603 000	169 000
Total Equity	1 848 000	1 555 000	703 000	269 000
Total Long-Term Debt	0	114 000	159 000	210 000
Total Current Debt	343 000	659 000	725 000	283 000
Total Equity and Debt	2 192 000	2 328 000	1 588 000	762 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 924 000	4 577 000	4 916 000	3 502 000
Other Income	14 000	0	9 000	23 000
Revenue	2 938 000	4 577 000	4 926 000	3 525 000
Cost of Goods Sold	399 000	391 000	2 067 000	1 329 000
Salary Costs	1 227 000	2 308 000	1 535 000	1 775 000
Depreciation	121 000	127 000	65 000	56 000
Impairment	0	0	0	0
Expenditure	2 292 000	3 442 000	4 194 000	3 622 000
Operating Profit	645 000	1 136 000	732 000	−97 000
Financial Income	0	0	0	2 000
Financial Costs	203 000	8 000	14 000	29 000
Financial Balance	−203 000	−8 000	−14 000	−27 000
Dividends	0	0	0	75 000
Net Income	294 000	852 000	559 000	−116 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	42 000	54 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	510 000	555 000	277 000	309 000
Total Tangible Assets	510 000	555 000	277 000	309 000
Total Fiancial Fixed Assets	965 000	972 000	14 000	14 000
Total Fixed Assets	1 518 000	1 582 000	291 000	323 000
Stock	0	0	405 000	0
Total Investments	359 000	32 000	11 000	0
Cash, Bank	119 000	207 000	342 000	199 000
Total Current Assets	674 000	746 000	1 297 000	439 000
Total Assets	2 192 000	2 328 000	1 588 000	762 000
Total Equity	1 848 000	1 555 000	703 000	269 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	114 000	159 000	210 000
Creditors	18 000	17 000	194 000	−52 000
Unpaid Taxes	82 000	71 000	220 000	141 000
Dividends	0	0	0	75 000
Other Current Debt	107 000	222 000	167 000	194 000
Total Current Debt	343 000	659 000	725 000	283 000
Total Equity and Debt	2 192 000	2 328 000	1 588 000	762 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,91 %	54,79 %	79,52 %	−43,12 %
Debt-to-Equity Ratio	0	0,07	0,23	0,78
Operating Profit Margin	21,95 %	24,82 %	14,86 %	−2,75 %
Current Ratio	1,97	1,13	1,79	1,55
Quick Ratio	1,97	1,13	4,05	1,55
Equity Ratio	0,84	0,67	0,44	0,35
Gross Profit Margin	86,42 %	91,46 %	58,04 %	62,3 %