DAVVIN NORWAY AS

9513 ALTA

Finances

Share Ownership

Return on Equity

58,07 %

Current Ratio

3,55

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020
Revenue	1 090 000	483 000	188 000
Net Income	223 000	60 000	1 000
Total Assets	543 000	396 000	203 000
Total Equity	384 000	161 000	101 000

Income (NOK)	2022	2021	2020
Revenue	1 090 000	483 000	188 000
Expenditure	804 000	405 000	187 000
Operating Profit	286 000	78 000	1 000
Financial Income	0	0	0
Financial Costs	0	1 000	0
Financial Balance	0	−1 000	0
Earnings Before Tax	286 000	77 000	1 000
Tax	63 000	17 000	0
Net Income	223 000	60 000	1 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	−6 000
Total Current Assets	543 000	396 000	208 000
Total Assets	543 000	396 000	203 000
Total Retained Equity	284 000	61 000	1 000
Total Equity	384 000	161 000	101 000
Total Long-Term Debt	6 000	6 000	0
Total Current Debt	153 000	229 000	102 000
Total Equity and Debt	543 000	396 000	203 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 090 000	483 000	188 000
Other Income	0	0	0
Revenue	1 090 000	483 000	188 000
Cost of Goods Sold	340 000	186 000	187 000
Salary Costs	214 000	130 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	804 000	405 000	187 000
Operating Profit	286 000	78 000	1 000
Financial Income	0	0	0
Financial Costs	0	1 000	0
Financial Balance	0	−1 000	0
Dividends	0	0	0
Net Income	223 000	60 000	1 000

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	−6 000
Total Fixed Assets	0	0	−6 000
Stock	24 000	0	0
Total Investments	0	0	0
Cash, Bank	459 000	320 000	179 000
Total Current Assets	543 000	396 000	208 000
Total Assets	543 000	396 000	203 000
Total Equity	384 000	161 000	101 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	6 000	6 000	0
Creditors	21 000	48 000	0
Unpaid Taxes	47 000	33 000	8 000
Dividends	0	0	0
Other Current Debt	22 000	130 000	94 000
Total Current Debt	153 000	229 000	102 000
Total Equity and Debt	543 000	396 000	203 000

Financial indicators	2022	2021	2020
Return on Equity	58,07 %	37,27 %	0,99 %
Debt-to-Equity Ratio	0,02	0,04	0
Operating Profit Margin	26,24 %	16,15 %	0,53 %
Current Ratio	3,55	1,73	2,04
Quick Ratio	4,21	1,73	2,04
Equity Ratio	0,71	0,41	0,5
Gross Profit Margin	68,81 %	61,49 %	0,53 %