CONVENE HOLDING AS

6823 SANDANE

Finances

Return on Equity

169,32 %

Current Ratio

0,07

Debt-to-Equity Ratio

−0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	380 938 000	423 977 000	404 053 000
Net Income	−844 559 000	−71 527 000	−57 549 000	−266 365 000
Total Assets	1 215 458 000	1 919 884 000	2 020 584 000	2 095 040 000
Total Equity	−498 802 000	176 585 000	248 564 000	304 680 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	380 938 000	423 977 000	404 053 000
Expenditure	61 534 000	351 844 000	371 117 000	562 964 000
Operating Profit	−61 534 000	29 094 000	52 860 000	−158 911 000
Financial Income	108 217 000	1 069 000	716 000	400 000
Financial Costs	891 243 000	117 101 000	124 652 000	141 789 000
Financial Balance	−783 026 000	−116 032 000	−123 936 000	−141 389 000
Earnings Before Tax	−844 559 000	−86 938 000	−71 076 000	−300 300 000
Tax	0	−15 411 000	−13 527 000	−33 935 000
Net Income	−844 559 000	−71 527 000	−57 549 000	−266 365 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 101 160 000	1 709 117 000	1 795 102 000	1 885 897 000
Total Current Assets	114 298 000	210 767 000	225 482 000	209 143 000
Total Assets	1 215 458 000	1 919 884 000	2 020 584 000	2 095 040 000
Total Retained Equity	−1 098 842 000	−423 455 000	−351 476 000	−295 360 000
Total Equity	−498 802 000	176 585 000	248 564 000	304 680 000
Total Long-Term Debt	68 917 000	610 888 000	1 674 489 000	1 675 080 000
Total Current Debt	1 645 343 000	1 132 410 000	97 530 000	115 281 000
Total Equity and Debt	1 215 458 000	1 919 883 000	2 020 583 000	2 095 041 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	380 827 000	423 671 000	402 891 000
Other Income	0	111 000	306 000	1 162 000
Revenue	0	380 938 000	423 977 000	404 053 000
Cost of Goods Sold	0	69 270 000	76 804 000	68 164 000
Salary Costs	4 245 000	94 635 000	100 304 000	110 552 000
Depreciation	0	137 300 000	138 698 000	138 221 000
Impairment	0	0	0	175 000 000
Expenditure	61 534 000	351 844 000	371 117 000	562 964 000
Operating Profit	−61 534 000	29 094 000	52 860 000	−158 911 000
Financial Income	108 217 000	1 069 000	716 000	400 000
Financial Costs	891 243 000	117 101 000	124 652 000	141 789 000
Financial Balance	−783 026 000	−116 032 000	−123 936 000	−141 389 000
Dividends	0	0	0	0
Net Income	−844 559 000	−71 527 000	−57 549 000	−266 365 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	1 298 595 000	1 298 595 000	1 298 595 000
Total Intangible Assets	0	1 685 112 000	1 770 114 000	1 858 216 000
Real Eastate	0	0	0	151 000
Machinery and Plant Facilities	0	1 329 000	2 498 000	4 564 000
Fixtures	0	22 655 000	22 469 000	22 811 000
Total Tangible Assets	0	23 984 000	24 967 000	27 526 000
Total Fiancial Fixed Assets	1 101 160 000	21 000	21 000	155 000
Total Fixed Assets	1 101 160 000	1 709 117 000	1 795 102 000	1 885 897 000
Stock	0	9 136 000	4 673 000	5 183 000
Total Investments	0	0	0	0
Cash, Bank	366 000	68 778 000	65 348 000	44 824 000
Total Current Assets	114 298 000	210 767 000	225 482 000	209 143 000
Total Assets	1 215 458 000	1 919 884 000	2 020 584 000	2 095 040 000
Total Equity	−498 802 000	176 585 000	248 564 000	304 680 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	68 917 000	610 888 000	1 674 489 000	1 675 080 000
Creditors	2 049 000	12 460 000	23 965 000	30 005 000
Unpaid Taxes	176 000	15 526 000	17 399 000	0
Dividends	0	0	0	0
Other Current Debt	1 643 119 000	37 051 000	56 166 000	67 019 000
Total Current Debt	1 645 343 000	1 132 410 000	97 530 000	115 281 000
Total Equity and Debt	1 215 458 000	1 919 883 000	2 020 583 000	2 095 041 000

Financial indicators	2022	2021	2020	2019
Return on Equity	169,32 %	−40,51 %	−23,15 %	−87,42 %
Debt-to-Equity Ratio	−0,14	3,46	6,74	5,5
Operating Profit Margin	-	7,64 %	12,47 %	−39,33 %
Current Ratio	0,07	0,19	2,31	1,81
Quick Ratio	0,07	0,19	2,43	1,9
Equity Ratio	−0,41	0,09	0,12	0,15
Gross Profit Margin	-	81,82 %	81,88 %	83,13 %