CONVENE FINANS AS

6800 FØRDE

Finances

Share Ownership

Return on Equity

21,46 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	529 000	586 000	480 000	243 000
Net Income	352 000	386 000	209 000	159 000
Total Assets	2 104 000	2 134 000	1 908 000	1 843 000
Total Equity	1 640 000	1 640 000	1 640 000	1 640 000

Income (NOK)	2022	2021	2020	2019
Revenue	529 000	586 000	480 000	243 000
Expenditure	105 000	92 000	211 000	41 000
Operating Profit	423 000	494 000	269 000	203 000
Financial Income	28 000	0	0	1 000
Financial Costs	0	0	1 000	0
Financial Balance	28 000	0	−1 000	1 000
Earnings Before Tax	451 000	494 000	268 000	203 000
Tax	99 000	109 000	59 000	45 000
Net Income	352 000	386 000	209 000	159 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 625 000	597 000	866 000	1 068 000
Total Current Assets	479 000	1 537 000	1 043 000	775 000
Total Assets	2 104 000	2 134 000	1 908 000	1 843 000
Total Retained Equity	1 540 000	1 540 000	1 540 000	1 540 000
Total Equity	1 640 000	1 640 000	1 640 000	1 640 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	464 000	494 000	268 000	203 000
Total Equity and Debt	2 104 000	2 134 000	1 908 000	1 843 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	529 000	586 000	480 000	243 000
Other Income	0	0	0	0
Revenue	529 000	586 000	480 000	243 000
Cost of Goods Sold	0	0	0	3 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	105 000	92 000	211 000	41 000
Operating Profit	423 000	494 000	269 000	203 000
Financial Income	28 000	0	0	1 000
Financial Costs	0	0	1 000	0
Financial Balance	28 000	0	−1 000	1 000
Dividends	0	0	0	0
Net Income	352 000	386 000	209 000	159 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	10 000	10 000	10 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 615 000	587 000	855 000	1 058 000
Total Fixed Assets	1 625 000	597 000	866 000	1 068 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	347 000	1 507 000	1 026 000	745 000
Total Current Assets	479 000	1 537 000	1 043 000	775 000
Total Assets	2 104 000	2 134 000	1 908 000	1 843 000
Total Equity	1 640 000	1 640 000	1 640 000	1 640 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	13 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	451 000	494 000	268 000	203 000
Total Current Debt	464 000	494 000	268 000	203 000
Total Equity and Debt	2 104 000	2 134 000	1 908 000	1 843 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,46 %	23,54 %	12,74 %	9,7 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	79,96 %	84,3 %	56,04 %	83,54 %
Current Ratio	1,03	3,11	3,89	3,82
Quick Ratio	1,03	3,11	3,89	3,82
Equity Ratio	0,78	0,77	0,86	0,89
Gross Profit Margin	100 %	100 %	100 %	98,77 %