DEVOTEAM M CLOUD AS

0157 OSLO

Finances

Share Ownership

Return on Equity

−221,28 %

Current Ratio

0,85

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	70 520 000	40 589 000	33 803 000
Net Income	2 932 000	254 000	−6 512 000
Total Assets	22 118 000	18 469 000	10 324 000
Total Equity	−1 325 000	−4 257 000	−4 512 000

Income (NOK)	2022	2021	2020
Revenue	70 520 000	40 589 000	33 803 000
Expenditure	66 348 000	39 976 000	41 966 000
Operating Profit	4 172 000	612 000	−8 163 000
Financial Income	18 000	92 000	47 000
Financial Costs	430 000	376 000	232 000
Financial Balance	−412 000	−284 000	−185 000
Earnings Before Tax	3 760 000	328 000	−8 347 000
Tax	828 000	74 000	−1 836 000
Net Income	2 932 000	254 000	−6 512 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 114 000	2 204 000	2 104 000
Total Current Assets	20 004 000	16 264 000	8 220 000
Total Assets	22 118 000	18 469 000	10 324 000
Total Retained Equity	−3 325 000	−6 257 000	−6 512 000
Total Equity	−1 325 000	−4 257 000	−4 512 000
Total Long-Term Debt	0	0	0
Total Current Debt	23 443 000	22 726 000	14 836 000
Total Equity and Debt	22 118 000	18 469 000	10 324 000

Cash flow (NOK)	2022	2021	2020
Sales Income	69 470 000	40 351 000	33 803 000
Other Income	1 050 000	237 000	0
Revenue	70 520 000	40 589 000	33 803 000
Cost of Goods Sold	2 271 000	6 484 000	10 547 000
Salary Costs	48 106 000	24 507 000	20 815 000
Depreciation	292 000	145 000	71 000
Impairment	0	0	0
Expenditure	66 348 000	39 976 000	41 966 000
Operating Profit	4 172 000	612 000	−8 163 000
Financial Income	18 000	92 000	47 000
Financial Costs	430 000	376 000	232 000
Financial Balance	−412 000	−284 000	−185 000
Dividends	0	0	0
Net Income	2 932 000	254 000	−6 512 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	934 000	1 762 000	1 836 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	1 180 000	443 000	268 000
Total Tangible Assets	1 180 000	443 000	268 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	2 114 000	2 204 000	2 104 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	3 779 000	7 734 000	928 000
Total Current Assets	20 004 000	16 264 000	8 220 000
Total Assets	22 118 000	18 469 000	10 324 000
Total Equity	−1 325 000	−4 257 000	−4 512 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	1 977 000	1 625 000	3 790 000
Unpaid Taxes	5 510 000	2 919 000	1 645 000
Dividends	0	0	0
Other Current Debt	15 956 000	18 182 000	9 400 000
Total Current Debt	23 443 000	22 726 000	14 836 000
Total Equity and Debt	22 118 000	18 469 000	10 324 000

Financial indicators	2022	2021	2020
Return on Equity	−221,28 %	−5,97 %	144,33 %
Debt-to-Equity Ratio	−0	−0	−0
Operating Profit Margin	5,92 %	1,51 %	−24,15 %
Current Ratio	0,85	0,72	0,55
Quick Ratio	0,85	0,72	0,55
Equity Ratio	−0,06	−0,23	−0,44
Gross Profit Margin	96,78 %	84,03 %	68,8 %