CONVERGENCY TRADING IN NORWAY

SE-761 45 NORRTÄLJE

Finances

Return on Equity

94,28 %

Current Ratio

4,16

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020
Revenue	78 545 000	13 491 000	194 000
Net Income	1 038 000	82 000	−19 000
Total Assets	1 461 000	582 000	127 000
Total Equity	1 101 000	63 000	−19 000

Income (NOK)	2022	2021	2020
Revenue	78 545 000	13 491 000	194 000
Expenditure	77 213 000	13 391 000	213 000
Operating Profit	1 331 000	99 000	−19 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	1 331 000	99 000	−19 000
Tax	293 000	18 000	0
Net Income	1 038 000	82 000	−19 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	1 461 000	582 000	127 000
Total Assets	1 461 000	582 000	127 000
Total Retained Equity	1 101 000	63 000	−19 000
Total Equity	1 101 000	63 000	−19 000
Total Long-Term Debt	9 000	0	0
Total Current Debt	351 000	519 000	146 000
Total Equity and Debt	1 461 000	582 000	127 000

Cash flow (NOK)	2022	2021	2020
Sales Income	78 545 000	13 491 000	194 000
Other Income	0	0	0
Revenue	78 545 000	13 491 000	194 000
Cost of Goods Sold	77 130 000	13 348 000	191 000
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	77 213 000	13 391 000	213 000
Operating Profit	1 331 000	99 000	−19 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	1 038 000	82 000	−19 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	9 000	0	0
Cash, Bank	1 079 000	219 000	18 000
Total Current Assets	1 461 000	582 000	127 000
Total Assets	1 461 000	582 000	127 000
Total Equity	1 101 000	63 000	−19 000
Short-Term Group Debt	28 000	28 000	0
Total Long-Term Debt	9 000	0	0
Creditors	8 000	246 000	26 000
Unpaid Taxes	40 000	9 000	0
Dividends	0	0	0
Other Current Debt	−18 000	219 000	120 000
Total Current Debt	351 000	519 000	146 000
Total Equity and Debt	1 461 000	582 000	127 000

Financial indicators	2022	2021	2020
Return on Equity	94,28 %	130,16 %	100 %
Debt-to-Equity Ratio	0,01	0	−0
Operating Profit Margin	1,69 %	0,73 %	−9,79 %
Current Ratio	4,16	1,12	0,87
Quick Ratio	4,16	1,12	0,87
Equity Ratio	0,75	0,11	−0,15
Gross Profit Margin	1,8 %	1,06 %	1,55 %

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