CREDO VEST AS

2317 HAMAR

Finances

Share Ownership

Return on Equity

180,3 %

Current Ratio

4,34

Debt-to-Equity Ratio

−4,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 989 000	14 070 000	0	0
Net Income	−7 064 000	183 000	−31 000	0
Total Assets	18 562 000	27 594 000	18 835 000	14 277 000
Total Equity	−3 918 000	3 146 000	2 963 000	2 994 000

Income (NOK)	2022	2021	2020
Revenue	16 989 000	14 070 000	0
Expenditure	23 830 000	13 790 000	31 000
Operating Profit	−6 841 000	280 000	−31 000
Financial Income	0	0	0
Financial Costs	264 000	56 000	0
Financial Balance	−264 000	−56 000	0
Earnings Before Tax	−7 105 000	224 000	−31 000
Tax	−41 000	41 000	0
Net Income	−7 064 000	183 000	−31 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	18 562 000	27 594 000	18 835 000	14 277 000
Total Assets	18 562 000	27 594 000	18 835 000	14 277 000
Total Retained Equity	−6 918 000	146 000	−31 000	0
Total Equity	−3 918 000	3 146 000	2 963 000	2 994 000
Total Long-Term Debt	18 203 000	10 095 000	4 980 000	0
Total Current Debt	4 277 000	14 353 000	10 892 000	11 282 000
Total Equity and Debt	18 562 000	27 594 000	18 835 000	14 277 000

Cash flow (NOK)	2022	2021	2020
Sales Income	16 989 000	14 070 000	0
Other Income	0	0	0
Revenue	16 989 000	14 070 000	0
Cost of Goods Sold	18 770 000	13 707 000	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	23 830 000	13 790 000	31 000
Operating Profit	−6 841 000	280 000	−31 000
Financial Income	0	0	0
Financial Costs	264 000	56 000	0
Financial Balance	−264 000	−56 000	0
Dividends	0	0	0
Net Income	−7 064 000	183 000	−31 000

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	13 439 000	14 852 000	18 512 000	11 277 000
Total Investments	0	0	0	0
Cash, Bank	49 000	146 000	13 000	3 000 000
Total Current Assets	18 562 000	27 594 000	18 835 000	14 277 000
Total Assets	18 562 000	27 594 000	18 835 000	14 277 000
Total Equity	−3 918 000	3 146 000	2 963 000	2 994 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 203 000	10 095 000	4 980 000	0
Creditors	40 000	2 014 000	20 000	1 177 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	592 000	3 909 000	2 556 000	10 106 000
Total Current Debt	4 277 000	14 353 000	10 892 000	11 282 000
Total Equity and Debt	18 562 000	27 594 000	18 835 000	14 277 000

Financial indicators	2022	2021	2020	2019
Return on Equity	180,3 %	5,82 %	−1,05 %	0 %
Debt-to-Equity Ratio	−4,65	3,21	1,68	0
Operating Profit Margin	−40,27 %	1,99 %	-	-
Current Ratio	4,34	1,92	1,73	1,27
Quick Ratio	−2,03	−55,3	−2,47	2 855,4
Equity Ratio	−0,21	0,11	0,16	0,21
Gross Profit Margin	−10,48 %	2,58 %	-	-