DEVOTTA AS

2670 OTTA

Finances

Share Ownership

Return on Equity

14,68 %

Current Ratio

2,41

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 062 000	10 419 000	6 987 000	1 900 000
Net Income	336 000	1 837 000	1 196 000	196 000
Total Assets	3 905 000	4 762 000	2 811 000	830 000
Total Equity	2 289 000	1 953 000	1 016 000	220 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 062 000	10 419 000	6 987 000	1 900 000
Expenditure	9 613 000	8 063 000	5 451 000	1 643 000
Operating Profit	450 000	2 357 000	1 536 000	257 000
Financial Income	3 000	2 000	1 000	0
Financial Costs	22 000	4 000	4 000	5 000
Financial Balance	−19 000	−2 000	−3 000	−5 000
Earnings Before Tax	431 000	2 355 000	1 534 000	252 000
Tax	95 000	518 000	338 000	56 000
Net Income	336 000	1 837 000	1 196 000	196 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 000	20 000	26 000	0
Total Current Assets	3 890 000	4 742 000	2 785 000	830 000
Total Assets	3 905 000	4 762 000	2 811 000	830 000
Total Retained Equity	2 259 000	1 923 000	986 000	190 000
Total Equity	2 289 000	1 953 000	1 016 000	220 000
Total Long-Term Debt	0	0	1 000	0
Total Current Debt	1 615 000	2 808 000	1 794 000	610 000
Total Equity and Debt	3 905 000	4 762 000	2 811 000	830 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 062 000	10 419 000	6 987 000	1 900 000
Other Income	0	0	0	0
Revenue	10 062 000	10 419 000	6 987 000	1 900 000
Cost of Goods Sold	1 000	0	2 000	2 000
Salary Costs	6 782 000	5 940 000	4 111 000	1 333 000
Depreciation	6 000	6 000	3 000	0
Impairment	0	0	0	0
Expenditure	9 613 000	8 063 000	5 451 000	1 643 000
Operating Profit	450 000	2 357 000	1 536 000	257 000
Financial Income	3 000	2 000	1 000	0
Financial Costs	22 000	4 000	4 000	5 000
Financial Balance	−19 000	−2 000	−3 000	−5 000
Dividends	0	900 000	400 000	0
Net Income	336 000	1 837 000	1 196 000	196 000

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	14 000	20 000	26 000	0
Total Tangible Assets	14 000	20 000	26 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	14 000	20 000	26 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 029 000	2 941 000	2 054 000	101 000
Total Current Assets	3 890 000	4 742 000	2 785 000	830 000
Total Assets	3 905 000	4 762 000	2 811 000	830 000
Total Equity	2 289 000	1 953 000	1 016 000	220 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	0
Creditors	116 000	40 000	55 000	28 000
Unpaid Taxes	766 000	733 000	597 000	239 000
Dividends	0	900 000	400 000	0
Other Current Debt	638 000	1 517 000	804 000	252 000
Total Current Debt	1 615 000	2 808 000	1 794 000	610 000
Total Equity and Debt	3 905 000	4 762 000	2 811 000	830 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,68 %	94,06 %	117,72 %	89,09 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,47 %	22,62 %	21,98 %	13,53 %
Current Ratio	2,41	1,69	1,55	1,36
Quick Ratio	2,41	1,69	1,55	1,36
Equity Ratio	0,59	0,41	0,36	0,27
Gross Profit Margin	99,99 %	100 %	99,97 %	99,89 %