FAVN SOFTWARE AS

7016 TRONDHEIM

Finances

Share Ownership

Return on Equity

70,66 %

Current Ratio

1,75

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	3 566 000	1 267 000	416 000
Net Income	342 000	65 000	52 000
Total Assets	1 127 000	430 000	149 000
Total Equity	484 000	141 000	77 000

Income (NOK)	2022	2021	2020
Revenue	3 566 000	1 267 000	416 000
Expenditure	3 122 000	1 182 000	346 000
Operating Profit	443 000	84 000	69 000
Financial Income	0	0	0
Financial Costs	4 000	1 000	3 000
Financial Balance	−4 000	−1 000	−3 000
Earnings Before Tax	439 000	83 000	67 000
Tax	97 000	18 000	14 000
Net Income	342 000	65 000	52 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	1 127 000	430 000	149 000
Total Assets	1 127 000	430 000	149 000
Total Retained Equity	459 000	117 000	52 000
Total Equity	484 000	141 000	77 000
Total Long-Term Debt	0	0	0
Total Current Debt	643 000	289 000	73 000
Total Equity and Debt	1 127 000	430 000	149 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 066 000	1 267 000	416 000
Other Income	500 000	0	0
Revenue	3 566 000	1 267 000	416 000
Cost of Goods Sold	1 000	0	0
Salary Costs	2 659 000	931 000	227 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	3 122 000	1 182 000	346 000
Operating Profit	443 000	84 000	69 000
Financial Income	0	0	0
Financial Costs	4 000	1 000	3 000
Financial Balance	−4 000	−1 000	−3 000
Dividends	0	0	0
Net Income	342 000	65 000	52 000

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	0	0	0
Cash, Bank	1 026 000	394 000	135 000
Total Current Assets	1 127 000	430 000	149 000
Total Assets	1 127 000	430 000	149 000
Total Equity	484 000	141 000	77 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	38 000	4 000	0
Unpaid Taxes	317 000	137 000	46 000
Dividends	0	0	0
Other Current Debt	192 000	130 000	12 000
Total Current Debt	643 000	289 000	73 000
Total Equity and Debt	1 127 000	430 000	149 000

Financial indicators	2022	2021	2020
Return on Equity	70,66 %	46,1 %	67,53 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	12,42 %	6,63 %	16,59 %
Current Ratio	1,75	1,49	2,04
Quick Ratio	1,75	1,49	2,04
Equity Ratio	0,43	0,33	0,52
Gross Profit Margin	99,97 %	100 %	100 %