WEB UTVIKLING AS

5124 MORVIK

Finances

Return on Equity

12,02 %

Current Ratio

10,81

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	73 000	63 000	168 000	53 000
Net Income	481 000	1 039 000	565 000	295 000
Total Assets	4 411 000	3 545 000	3 945 000	3 222 000
Total Equity	4 003 000	3 523 000	2 484 000	1 919 000

Income (NOK)	2022	2021	2020	2019
Revenue	73 000	63 000	168 000	53 000
Expenditure	36 000	30 000	23 000	26 000
Operating Profit	36 000	33 000	144 000	26 000
Financial Income	813 000	1 029 000	656 000	342 000
Financial Costs	360 000	14 000	206 000	73 000
Financial Balance	453 000	1 015 000	450 000	269 000
Earnings Before Tax	488 000	1 047 000	595 000	295 000
Tax	8 000	9 000	30 000	0
Net Income	481 000	1 039 000	565 000	295 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	4 411 000	3 545 000	3 945 000	3 222 000
Total Assets	4 411 000	3 545 000	3 945 000	3 222 000
Total Retained Equity	3 853 000	1 039 000	2 334 000	1 769 000
Total Equity	4 003 000	3 523 000	2 484 000	1 919 000
Total Long-Term Debt	0	0	1 390 000	1 288 000
Total Current Debt	408 000	23 000	71 000	16 000
Total Equity and Debt	4 411 000	3 545 000	3 945 000	3 222 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	73 000	63 000	0	53 000
Other Income	0	0	168 000	0
Revenue	73 000	63 000	168 000	53 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	36 000	30 000	23 000	26 000
Operating Profit	36 000	33 000	144 000	26 000
Financial Income	813 000	1 029 000	656 000	342 000
Financial Costs	360 000	14 000	206 000	73 000
Financial Balance	453 000	1 015 000	450 000	269 000
Dividends	0	0	0	0
Net Income	481 000	1 039 000	565 000	295 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
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	0	0	0	0
Stock	0	0	0	0
Total Investments	3 953 000	2 617 000	3 685 000	2 961 000
Cash, Bank	416 000	211 000	261 000	261 000
Total Current Assets	4 411 000	3 545 000	3 945 000	3 222 000
Total Assets	4 411 000	3 545 000	3 945 000	3 222 000
Total Equity	4 003 000	3 523 000	2 484 000	1 919 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 390 000	1 288 000
Creditors	0	0	0	0
Unpaid Taxes	15 000	14 000	0	0
Dividends	0	0	0	0
Other Current Debt	385 000	0	41 000	12 000
Total Current Debt	408 000	23 000	71 000	16 000
Total Equity and Debt	4 411 000	3 545 000	3 945 000	3 222 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,02 %	29,49 %	22,75 %	15,37 %
Debt-to-Equity Ratio	0	0	0,56	0,67
Operating Profit Margin	49,32 %	52,38 %	85,71 %	49,06 %
Current Ratio	10,81	154,13	55,56	201,38
Quick Ratio	10,81	154,13	55,56	201,38
Equity Ratio	0,91	0,99	0,63	0,6
Gross Profit Margin	100 %	100 %	100 %	100 %