INTERNATIONAL COUNCIL FOR OPEN AND DISTANCE EDUCATION

0154 OSLO

Finances

Share Ownership

Return on Equity

13,5 %

Current Ratio

2,85

Debt-to-Equity Ratio

0,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 892 000	5 945 000	6 100 000	7 062 000
Net Income	295 000	429 000	−664 000	1 149 000
Total Assets	4 303 000	3 601 000	3 701 000	7 318 000
Total Equity	2 185 000	1 890 000	1 461 000	2 363 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 892 000	5 945 000	6 100 000	7 062 000
Expenditure	5 591 000	5 446 000	6 624 000	6 062 000
Operating Profit	301 000	499 000	−525 000	1 000 000
Financial Income	28 000	11 000	75 000	176 000
Financial Costs	34 000	81 000	215 000	26 000
Financial Balance	−6 000	−70 000	−140 000	150 000
Earnings Before Tax	295 000	429 000	−664 000	1 149 000
Tax	0	0	0	0
Net Income	295 000	429 000	−664 000	1 149 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	458 000	117 000	145 000	155 000
Total Current Assets	3 845 000	3 484 000	3 556 000	7 163 000
Total Assets	4 303 000	3 601 000	3 701 000	7 318 000
Total Retained Equity	2 185 000	1 890 000	1 461 000	2 363 000
Total Equity	2 185 000	1 890 000	1 461 000	2 363 000
Total Long-Term Debt	771 000	303 000	1 012 000	2 507 000
Total Current Debt	1 347 000	1 408 000	1 228 000	2 447 000
Total Equity and Debt	4 303 000	3 601 000	3 701 000	7 318 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 933 000	4 001 000	4 072 000	5 043 000
Other Income	1 959 000	1 944 000	2 028 000	2 019 000
Revenue	5 892 000	5 945 000	6 100 000	7 062 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 131 000	4 035 000	4 399 000	4 370 000
Depreciation	16 000	28 000	29 000	24 000
Impairment	0	0	0	0
Expenditure	5 591 000	5 446 000	6 624 000	6 062 000
Operating Profit	301 000	499 000	−525 000	1 000 000
Financial Income	28 000	11 000	75 000	176 000
Financial Costs	34 000	81 000	215 000	26 000
Financial Balance	−6 000	−70 000	−140 000	150 000
Dividends	0	0	0	0
Net Income	295 000	429 000	−664 000	1 149 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	323 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	41 000	23 000	51 000	61 000
Total Tangible Assets	41 000	23 000	51 000	61 000
Total Fiancial Fixed Assets	94 000	94 000	94 000	94 000
Total Fixed Assets	458 000	117 000	145 000	155 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 836 000	3 462 000	3 449 000	6 541 000
Total Current Assets	3 845 000	3 484 000	3 556 000	7 163 000
Total Assets	4 303 000	3 601 000	3 701 000	7 318 000
Total Equity	2 185 000	1 890 000	1 461 000	2 363 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	771 000	303 000	1 012 000	2 507 000
Creditors	105 000	178 000	23 000	112 000
Unpaid Taxes	255 000	249 000	267 000	565 000
Dividends	0	0	0	0
Other Current Debt	987 000	981 000	938 000	1 771 000
Total Current Debt	1 347 000	1 408 000	1 228 000	2 447 000
Total Equity and Debt	4 303 000	3 601 000	3 701 000	7 318 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,5 %	22,7 %	−45,45 %	48,62 %
Debt-to-Equity Ratio	0,35	0,16	0,69	1,06
Operating Profit Margin	5,11 %	8,39 %	−8,61 %	14,16 %
Current Ratio	2,85	2,47	2,9	2,93
Quick Ratio	2,85	2,47	2,9	2,93
Equity Ratio	0,51	0,52	0,39	0,32
Gross Profit Margin	100 %	100 %	100 %	100 %