COVARTEC AS

5141 FYLLINGSDALEN

Finances

Share Ownership

Return on Equity

23,66 %

Current Ratio

1,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 116 000	1 319 000	1 228 000	107 000
Net Income	93 000	51 000	125 000	99 000
Total Assets	1 052 000	524 000	1 677 000	140 000
Total Equity	393 000	301 000	249 000	123 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 116 000	1 319 000	1 228 000	107 000
Expenditure	1 068 000	1 142 000	942 000	7 000
Operating Profit	49 000	177 000	286 000	100 000
Financial Income	61 000	0	0	0
Financial Costs	0	61 000	139 000	1 000
Financial Balance	61 000	−61 000	−139 000	−1 000
Earnings Before Tax	110 000	116 000	147 000	99 000
Tax	17 000	65 000	22 000	0
Net Income	93 000	51 000	125 000	99 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 052 000	524 000	1 677 000	140 000
Total Assets	1 052 000	524 000	1 677 000	140 000
Total Retained Equity	363 000	276 000	225 000	99 000
Total Equity	393 000	301 000	249 000	123 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	659 000	223 000	1 427 000	17 000
Total Equity and Debt	1 052 000	524 000	1 677 000	140 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	153 000	137 000	69 000	107 000
Other Income	963 000	1 182 000	1 159 000	0
Revenue	1 116 000	1 319 000	1 228 000	107 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 014 000	1 127 000	919 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 068 000	1 142 000	942 000	7 000
Operating Profit	49 000	177 000	286 000	100 000
Financial Income	61 000	0	0	0
Financial Costs	0	61 000	139 000	1 000
Financial Balance	61 000	−61 000	−139 000	−1 000
Dividends	0	0	0	0
Net Income	93 000	51 000	125 000	99 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	861 000	524 000	1 608 000	57 000
Total Current Assets	1 052 000	524 000	1 677 000	140 000
Total Assets	1 052 000	524 000	1 677 000	140 000
Total Equity	393 000	301 000	249 000	123 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	38 000	34 000	111 000	17 000
Dividends	0	0	0	0
Other Current Debt	596 000	156 000	1 317 000	0
Total Current Debt	659 000	223 000	1 427 000	17 000
Total Equity and Debt	1 052 000	524 000	1 677 000	140 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,66 %	16,94 %	50,2 %	80,49 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,39 %	13,42 %	23,29 %	93,46 %
Current Ratio	1,6	2,35	1,18	8,24
Quick Ratio	1,6	2,35	1,18	8,24
Equity Ratio	0,37	0,57	0,15	0,88
Gross Profit Margin	100 %	100 %	100 %	100 %