DEVOTEAM AS

0157 OSLO

Finances

Return on Equity

−40,23 %

Current Ratio

0,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	228 340 000	203 212 000	275 321 000	296 982 000
Net Income	−6 521 000	8 169 000	248 000	12 968 000
Total Assets	115 349 000	100 728 000	90 840 000	94 907 000
Total Equity	16 208 000	22 729 000	14 519 000	14 272 000

Income (NOK)	2022	2021	2020	2019
Revenue	228 340 000	203 212 000	275 321 000	296 982 000
Expenditure	229 826 000	187 257 000	268 828 000	280 274 000
Operating Profit	−1 487 000	15 956 000	6 493 000	16 708 000
Financial Income	590 000	3 986 000	486 000	53 000
Financial Costs	5 904 000	8 175 000	5 223 000	101 000
Financial Balance	−5 314 000	−4 189 000	−4 737 000	−48 000
Earnings Before Tax	−6 800 000	11 767 000	1 756 000	16 660 000
Tax	−279 000	3 598 000	1 508 000	3 692 000
Net Income	−6 521 000	8 169 000	248 000	12 968 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 176 000	18 829 000	18 991 000	9 359 000
Total Current Assets	96 173 000	81 900 000	71 849 000	85 547 000
Total Assets	115 349 000	100 728 000	90 840 000	94 907 000
Total Retained Equity	11 355 000	17 876 000	9 666 000	9 418 000
Total Equity	16 208 000	22 729 000	14 519 000	14 272 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	99 141 000	77 999 000	76 321 000	80 635 000
Total Equity and Debt	115 349 000	100 728 000	90 840 000	94 907 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	225 839 000	199 609 000	272 047 000	296 982 000
Other Income	2 501 000	3 603 000	3 274 000	0
Revenue	228 340 000	203 212 000	275 321 000	296 982 000
Cost of Goods Sold	43 147 000	38 735 000	127 220 000	143 214 000
Salary Costs	150 230 000	117 216 000	109 052 000	114 009 000
Depreciation	1 317 000	1 214 000	421 000	148 000
Impairment	0	0	125 000	0
Expenditure	229 826 000	187 257 000	268 828 000	280 274 000
Operating Profit	−1 487 000	15 956 000	6 493 000	16 708 000
Financial Income	590 000	3 986 000	486 000	53 000
Financial Costs	5 904 000	8 175 000	5 223 000	101 000
Financial Balance	−5 314 000	−4 189 000	−4 737 000	−48 000
Dividends	0	0	0	10 000 000
Net Income	−6 521 000	8 169 000	248 000	12 968 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	20 000	40 000
Total Intangible Assets	1 141 000	862 000	1 305 000	42 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 302 000	5 722 000	5 699 000	1 961 000
Total Tangible Assets	5 302 000	5 722 000	5 699 000	1 961 000
Total Fiancial Fixed Assets	12 733 000	12 245 000	11 986 000	7 356 000
Total Fixed Assets	19 176 000	18 829 000	18 991 000	9 359 000
Stock	0	0	0	0
Total Investments	480 000	480 000	0	0
Cash, Bank	47 229 000	35 460 000	28 601 000	41 526 000
Total Current Assets	96 173 000	81 900 000	71 849 000	85 547 000
Total Assets	115 349 000	100 728 000	90 840 000	94 907 000
Total Equity	16 208 000	22 729 000	14 519 000	14 272 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	19 113 000	15 224 000	19 396 000	18 349 000
Unpaid Taxes	24 644 000	13 736 000	11 777 000	11 965 000
Dividends	0	0	0	10 000 000
Other Current Debt	55 383 000	45 916 000	43 776 000	36 726 000
Total Current Debt	99 141 000	77 999 000	76 321 000	80 635 000
Total Equity and Debt	115 349 000	100 728 000	90 840 000	94 907 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−40,23 %	35,94 %	1,71 %	90,86 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−0,65 %	7,85 %	2,36 %	5,63 %
Current Ratio	0,97	1,05	0,94	1,06
Quick Ratio	0,97	1,05	0,94	1,06
Equity Ratio	0,14	0,23	0,16	0,15
Gross Profit Margin	81,1 %	80,94 %	53,79 %	51,78 %