DEVOSEC AS

3258 LARVIK

Finances

Share Ownership

Return on Equity

9,65 %

Current Ratio

3,43

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	318 000	510 000	425 000
Net Income	11 000	8 000	56 000
Total Assets	161 000	142 000	151 000
Total Equity	114 000	103 000	96 000

Income (NOK)	2022	2021	2020
Revenue	318 000	510 000	425 000
Expenditure	299 000	500 000	354 000
Operating Profit	19 000	10 000	71 000
Financial Income	0	0	0
Financial Costs	4 000	0	0
Financial Balance	−4 000	0	0
Earnings Before Tax	15 000	10 000	71 000
Tax	3 000	2 000	16 000
Net Income	11 000	8 000	56 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	161 000	142 000	151 000
Total Assets	161 000	142 000	151 000
Total Retained Equity	74 000	63 000	56 000
Total Equity	114 000	103 000	96 000
Total Long-Term Debt	0	0	0
Total Current Debt	47 000	39 000	56 000
Total Equity and Debt	161 000	142 000	151 000

Cash flow (NOK)	2022	2021	2020
Sales Income	194 000	283 000	425 000
Other Income	124 000	228 000	0
Revenue	318 000	510 000	425 000
Cost of Goods Sold	227 000	340 000	0
Salary Costs	2 000	48 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	299 000	500 000	354 000
Operating Profit	19 000	10 000	71 000
Financial Income	0	0	0
Financial Costs	4 000	0	0
Financial Balance	−4 000	0	0
Dividends	0	0	0
Net Income	11 000	8 000	56 000

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	81 000	41 000	151 000
Total Current Assets	161 000	142 000	151 000
Total Assets	161 000	142 000	151 000
Total Equity	114 000	103 000	96 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	19 000	9 000	3 000
Unpaid Taxes	12 000	15 000	28 000
Dividends	0	0	0
Other Current Debt	12 000	12 000	9 000
Total Current Debt	47 000	39 000	56 000
Total Equity and Debt	161 000	142 000	151 000

Financial indicators	2022	2021	2020
Return on Equity	9,65 %	7,77 %	58,33 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	5,97 %	1,96 %	16,71 %
Current Ratio	3,43	3,64	2,7
Quick Ratio	3,43	3,64	2,7
Equity Ratio	0,71	0,73	0,64
Gross Profit Margin	28,62 %	33,33 %	100 %