DEVICO AS

7080 HEIMDAL

Finances

Return on Equity

34,96 %

Current Ratio

3,34

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	416 258 000	390 033 000	210 666 000	95 419 000
Net Income	119 746 000	107 500 000	44 880 000	20 019 000
Total Assets	513 969 000	419 406 000	232 465 000	158 254 000
Total Equity	342 502 000	226 855 000	157 109 000	93 760 000

Income (NOK)	2022	2021	2020	2019
Revenue	416 258 000	390 033 000	210 666 000	95 419 000
Expenditure	267 324 000	235 674 000	150 737 000	80 701 000
Operating Profit	148 934 000	154 359 000	59 929 000	14 718 000
Financial Income	35 112 000	5 696 000	5 157 000	10 827 000
Financial Costs	19 172 000	15 179 000	4 684 000	3 199 000
Financial Balance	15 940 000	−9 483 000	473 000	7 628 000
Earnings Before Tax	164 873 000	144 876 000	60 401 000	22 345 000
Tax	45 127 000	37 376 000	15 521 000	2 326 000
Net Income	119 746 000	107 500 000	44 880 000	20 019 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	153 018 000	123 061 000	82 291 000	79 371 000
Total Current Assets	360 951 000	296 344 000	150 173 000	78 882 000
Total Assets	513 969 000	419 406 000	232 465 000	158 254 000
Total Retained Equity	307 228 000	191 581 000	149 661 000	89 701 000
Total Equity	342 502 000	226 855 000	157 109 000	93 760 000
Total Long-Term Debt	63 305 000	54 813 000	32 499 000	37 314 000
Total Current Debt	108 162 000	137 737 000	42 857 000	27 179 000
Total Equity and Debt	513 969 000	419 406 000	232 465 000	158 254 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	407 339 000	376 202 000	198 974 000	87 205 000
Other Income	8 919 000	13 830 000	11 691 000	8 214 000
Revenue	416 258 000	390 033 000	210 666 000	95 419 000
Cost of Goods Sold	55 413 000	52 534 000	20 725 000	22 933 000
Salary Costs	121 910 000	98 311 000	59 429 000	34 273 000
Depreciation	31 889 000	26 608 000	19 697 000	6 841 000
Impairment	0	122 000	0	0
Expenditure	267 324 000	235 674 000	150 737 000	80 701 000
Operating Profit	148 934 000	154 359 000	59 929 000	14 718 000
Financial Income	35 112 000	5 696 000	5 157 000	10 827 000
Financial Costs	19 172 000	15 179 000	4 684 000	3 199 000
Financial Balance	15 940 000	−9 483 000	473 000	7 628 000
Dividends	0	0	10 000 000	0
Net Income	119 746 000	107 500 000	44 880 000	20 019 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	87 733 000	60 925 000	43 481 000	0
Total Intangible Assets	91 541 000	63 383 000	44 708 000	897 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	49 944 000	50 262 000	30 395 000	18 431 000
Fixtures	9 227 000	9 416 000	7 136 000	4 913 000
Total Tangible Assets	59 172 000	59 678 000	37 531 000	23 344 000
Total Fiancial Fixed Assets	2 305 000	0	53 000	55 130 000
Total Fixed Assets	153 018 000	123 061 000	82 291 000	79 371 000
Stock	100 873 000	61 678 000	52 186 000	27 834 000
Total Investments	0	0	0	0
Cash, Bank	102 104 000	138 739 000	51 276 000	10 273 000
Total Current Assets	360 951 000	296 344 000	150 173 000	78 882 000
Total Assets	513 969 000	419 406 000	232 465 000	158 254 000
Total Equity	342 502 000	226 855 000	157 109 000	93 760 000
Short-Term Group Debt	0	0	0	1 383 000
Total Long-Term Debt	63 305 000	54 813 000	32 499 000	37 314 000
Creditors	17 589 000	25 402 000	8 028 000	5 792 000
Unpaid Taxes	5 155 000	2 666 000	4 792 000	1 700 000
Dividends	0	0	10 000 000	0
Other Current Debt	29 215 000	22 160 000	10 897 000	15 533 000
Total Current Debt	108 162 000	137 737 000	42 857 000	27 179 000
Total Equity and Debt	513 969 000	419 406 000	232 465 000	158 254 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,96 %	47,39 %	28,57 %	21,35 %
Debt-to-Equity Ratio	0,18	0,24	0,21	0,4
Operating Profit Margin	35,78 %	39,58 %	28,45 %	15,42 %
Current Ratio	3,34	2,15	3,5	2,9
Quick Ratio	49,52	3,9	−16,1	−120,43
Equity Ratio	0,67	0,54	0,68	0,59
Gross Profit Margin	86,69 %	86,53 %	90,16 %	75,97 %