DESPEC NORWAY AS

3170 SEM

Finances

Share Ownership

Return on Equity

5,76 %

Current Ratio

2,41

Debt-to-Equity Ratio

Key figures (EUR)	2022	2021	2020	2019
Revenue	23 914 000	24 432 000	23 668 000	18 480 000
Net Income	151 000	638 000	609 000	259 000
Total Assets	4 477 000	4 775 000	4 021 000	2 921 000
Total Equity	2 623 000	2 436 000	1 796 000	1 176 000

Income (EUR)	2022	2021	2020	2019
Revenue	23 914 000	24 432 000	23 668 000	18 480 000
Expenditure	23 626 000	23 374 000	22 729 000	18 093 000
Operating Profit	287 000	1 058 000	939 000	387 000
Financial Income	8 000	0	0	141 000
Financial Costs	93 000	242 000	157 000	195 000
Financial Balance	−85 000	−242 000	−157 000	−54 000
Earnings Before Tax	202 000	816 000	782 000	333 000
Tax	51 000	178 000	173 000	74 000
Net Income	151 000	638 000	609 000	259 000

Balance (EUR)	2022	2021	2020	2019
Total Fixed Assets	17 000	24 000	24 000	28 000
Total Current Assets	4 460 000	4 751 000	3 997 000	2 893 000
Total Assets	4 477 000	4 775 000	4 021 000	2 921 000
Total Retained Equity	2 375 000	1 936 000	1 321 000	660 000
Total Equity	2 623 000	2 436 000	1 796 000	1 176 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 854 000	2 339 000	2 225 000	1 745 000
Total Equity and Debt	4 477 000	4 775 000	4 021 000	2 921 000

Cash flow (EUR)	2022	2021	2020	2019
Sales Income	23 914 000	24 432 000	23 668 000	18 480 000
Other Income	0	0	0	0
Revenue	23 914 000	24 432 000	23 668 000	18 480 000
Cost of Goods Sold	21 820 000	22 049 000	21 460 000	16 864 000
Salary Costs	1 091 000	523 000	456 000	466 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	23 626 000	23 374 000	22 729 000	18 093 000
Operating Profit	287 000	1 058 000	939 000	387 000
Financial Income	8 000	0	0	141 000
Financial Costs	93 000	242 000	157 000	195 000
Financial Balance	−85 000	−242 000	−157 000	−54 000
Dividends	0	0	0	0
Net Income	151 000	638 000	609 000	259 000

Balance details (EUR)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	17 000	24 000	24 000	28 000
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	0	0	0	0
Total Fixed Assets	17 000	24 000	24 000	28 000
Stock	45 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	21 000	18 000	17 000	19 000
Total Current Assets	4 460 000	4 751 000	3 997 000	2 893 000
Total Assets	4 477 000	4 775 000	4 021 000	2 921 000
Total Equity	2 623 000	2 436 000	1 796 000	1 176 000
Short-Term Group Debt	20 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	15 000	0	129 000	18 000
Unpaid Taxes	1 056 000	1 179 000	1 157 000	814 000
Dividends	0	0	0	0
Other Current Debt	720 000	981 000	768 000	832 000
Total Current Debt	1 854 000	2 339 000	2 225 000	1 745 000
Total Equity and Debt	4 477 000	4 775 000	4 021 000	2 921 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,76 %	26,19 %	33,91 %	22,02 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,2 %	4,33 %	3,97 %	2,09 %
Current Ratio	2,41	2,03	1,8	1,66
Quick Ratio	2,47	2,03	1,8	1,66
Equity Ratio	0,59	0,51	0,45	0,4
Gross Profit Margin	8,76 %	9,75 %	9,33 %	8,74 %