COVEREDPRO AS

0283 OSLO

Finances

Share Ownership

Return on Equity

18,41 %

Current Ratio

9,41

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	559 000	477 000	620 000	497 000
Net Income	183 000	233 000	360 000	218 000
Total Assets	1 247 000	1 046 000	832 000	637 000
Total Equity	994 000	811 000	578 000	217 000

Income (NOK)	2022	2021	2020	2019
Revenue	559 000	477 000	620 000	497 000
Expenditure	313 000	179 000	154 000	200 000
Operating Profit	246 000	298 000	467 000	297 000
Financial Income	0	0	1 000	0
Financial Costs	11 000	0	5 000	18 000
Financial Balance	−11 000	0	−4 000	−18 000
Earnings Before Tax	235 000	298 000	462 000	279 000
Tax	52 000	66 000	102 000	62 000
Net Income	183 000	233 000	360 000	218 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 000	4 000	0	0
Total Current Assets	1 242 000	1 041 000	832 000	637 000
Total Assets	1 247 000	1 046 000	832 000	637 000
Total Retained Equity	964 000	781 000	548 000	187 000
Total Equity	994 000	811 000	578 000	217 000
Total Long-Term Debt	121 000	110 000	110 000	355 000
Total Current Debt	132 000	125 000	144 000	64 000
Total Equity and Debt	1 247 000	1 046 000	832 000	637 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	559 000	477 000	620 000	497 000
Other Income	0	0	0	0
Revenue	559 000	477 000	620 000	497 000
Cost of Goods Sold	0	0	89 000	169 000
Salary Costs	3 000	3 000	9 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	313 000	179 000	154 000	200 000
Operating Profit	246 000	298 000	467 000	297 000
Financial Income	0	0	1 000	0
Financial Costs	11 000	0	5 000	18 000
Financial Balance	−11 000	0	−4 000	−18 000
Dividends	0	0	0	0
Net Income	183 000	233 000	360 000	218 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	4 000	4 000	0	0
Total Fixed Assets	4 000	4 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 138 000	958 000	629 000	485 000
Total Current Assets	1 242 000	1 041 000	832 000	637 000
Total Assets	1 247 000	1 046 000	832 000	637 000
Total Equity	994 000	811 000	578 000	217 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	121 000	110 000	110 000	355 000
Creditors	28 000	11 000	0	3 000
Unpaid Taxes	16 000	12 000	6 000	−45 000
Dividends	0	0	0	0
Other Current Debt	36 000	36 000	36 000	53 000
Total Current Debt	132 000	125 000	144 000	64 000
Total Equity and Debt	1 247 000	1 046 000	832 000	637 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,41 %	28,73 %	62,28 %	100,46 %
Debt-to-Equity Ratio	0,12	0,14	0,19	1,64
Operating Profit Margin	44,01 %	62,47 %	75,32 %	59,76 %
Current Ratio	9,41	8,33	5,78	9,95
Quick Ratio	9,41	8,33	5,78	9,95
Equity Ratio	0,8	0,78	0,69	0,34
Gross Profit Margin	100 %	100 %	85,65 %	66 %