PROQODE AS

3211 SANDEFJORD

Finances

Share Ownership

Return on Equity

50,47 %

Current Ratio

3,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 497 000	2 235 000	2 169 000	776 000
Net Income	703 000	559 000	561 000	320 000
Total Assets	2 076 000	1 548 000	1 210 000	665 000
Total Equity	1 393 000	815 000	505 000	194 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 497 000	2 235 000	2 169 000	776 000
Expenditure	1 592 000	1 515 000	1 447 000	365 000
Operating Profit	905 000	719 000	721 000	410 000
Financial Income	2 000	1 000	1 000	0
Financial Costs	1 000	1 000	2 000	0
Financial Balance	1 000	0	−1 000	0
Earnings Before Tax	905 000	719 000	719 000	410 000
Tax	202 000	160 000	158 000	90 000
Net Income	703 000	559 000	561 000	320 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	30 000	45 000	61 000
Total Current Assets	2 076 000	1 518 000	1 165 000	603 000
Total Assets	2 076 000	1 548 000	1 210 000	665 000
Total Retained Equity	1 363 000	785 000	481 000	170 000
Total Equity	1 393 000	815 000	505 000	194 000
Total Long-Term Debt	0	0	1 000	3 000
Total Current Debt	684 000	733 000	704 000	468 000
Total Equity and Debt	2 076 000	1 548 000	1 210 000	665 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 497 000	2 235 000	2 169 000	776 000
Other Income	0	0	0	0
Revenue	2 497 000	2 235 000	2 169 000	776 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 308 000	1 211 000	1 125 000	242 000
Depreciation	15 000	16 000	16 000	1 000
Impairment	0	0	0	0
Expenditure	1 592 000	1 515 000	1 447 000	365 000
Operating Profit	905 000	719 000	721 000	410 000
Financial Income	2 000	1 000	1 000	0
Financial Costs	1 000	1 000	2 000	0
Financial Balance	1 000	0	−1 000	0
Dividends	125 000	250 000	250 000	150 000
Net Income	703 000	559 000	561 000	320 000

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	15 000	32 000	48 000
Total Tangible Assets	0	15 000	32 000	48 000
Total Fiancial Fixed Assets	0	14 000	13 000	13 000
Total Fixed Assets	0	30 000	45 000	61 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 547 000	1 340 000	986 000	423 000
Total Current Assets	2 076 000	1 518 000	1 165 000	603 000
Total Assets	2 076 000	1 548 000	1 210 000	665 000
Total Equity	1 393 000	815 000	505 000	194 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	3 000
Creditors	10 000	3 000	12 000	77 000
Unpaid Taxes	235 000	228 000	197 000	138 000
Dividends	125 000	250 000	250 000	150 000
Other Current Debt	112 000	91 000	85 000	15 000
Total Current Debt	684 000	733 000	704 000	468 000
Total Equity and Debt	2 076 000	1 548 000	1 210 000	665 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,47 %	68,59 %	111,09 %	164,95 %
Debt-to-Equity Ratio	0	0	0	0,02
Operating Profit Margin	36,24 %	32,17 %	33,24 %	52,84 %
Current Ratio	3,04	2,07	1,65	1,29
Quick Ratio	3,04	2,07	1,65	1,29
Equity Ratio	0,67	0,53	0,42	0,29
Gross Profit Margin	100 %	100 %	100 %	100 %