COFOUNDER III AS

7011 TRONDHEIM

Finances

Return on Equity

26,32 %

Current Ratio

5,92

Debt-to-Equity Ratio

10,27

Key figures (NOK)	2022	2021	2020
Revenue	497 000	1 609 000	55 000
Net Income	330 000	622 000	15 000
Total Assets	14 477 000	1 132 000	278 000
Total Equity	1 254 000	866 000	265 000

Income (NOK)	2022	2021	2020
Revenue	497 000	1 609 000	55 000
Expenditure	329 000	812 000	38 000
Operating Profit	168 000	797 000	17 000
Financial Income	218 000	1 000	0
Financial Costs	21 000	0	0
Financial Balance	197 000	1 000	0
Earnings Before Tax	365 000	798 000	17 000
Tax	34 000	175 000	3 000
Net Income	330 000	622 000	15 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	12 418 000	469 000	31 000
Total Current Assets	2 060 000	663 000	247 000
Total Assets	14 477 000	1 132 000	278 000
Total Retained Equity	962 000	609 000	15 000
Total Equity	1 254 000	866 000	265 000
Total Long-Term Debt	12 875 000	0	0
Total Current Debt	348 000	266 000	13 000
Total Equity and Debt	14 477 000	1 132 000	278 000

Cash flow (NOK)	2022	2021	2020
Sales Income	497 000	1 609 000	55 000
Other Income	0	0	0
Revenue	497 000	1 609 000	55 000
Cost of Goods Sold	249 000	755 000	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	329 000	812 000	38 000
Operating Profit	168 000	797 000	17 000
Financial Income	218 000	1 000	0
Financial Costs	21 000	0	0
Financial Balance	197 000	1 000	0
Dividends	0	0	0
Net Income	330 000	622 000	15 000

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	12 418 000	469 000	31 000
Total Fixed Assets	12 418 000	469 000	31 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	31 000	350 000	247 000
Total Current Assets	2 060 000	663 000	247 000
Total Assets	14 477 000	1 132 000	278 000
Total Equity	1 254 000	866 000	265 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	12 875 000	0	0
Creditors	311 000	0	0
Unpaid Taxes	0	82 000	6 000
Dividends	0	0	0
Other Current Debt	3 000	9 000	4 000
Total Current Debt	348 000	266 000	13 000
Total Equity and Debt	14 477 000	1 132 000	278 000

Financial indicators	2022	2021	2020
Return on Equity	26,32 %	71,82 %	5,66 %
Debt-to-Equity Ratio	10,27	0	0
Operating Profit Margin	33,8 %	49,53 %	30,91 %
Current Ratio	5,92	2,49	19
Quick Ratio	5,92	2,49	19
Equity Ratio	0,09	0,77	0,95
Gross Profit Margin	49,9 %	53,08 %	100 %