DEVINCO AS

7044 TRONDHEIM

Finances

Return on Equity

39,68 %

Current Ratio

0,53

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	116 570 000	110 420 000	87 233 000	84 154 000
Net Income	25 835 000	25 355 000	24 954 000	22 453 000
Total Assets	135 991 000	143 798 000	109 921 000	85 393 000
Total Equity	65 115 000	102 054 000	88 699 000	63 307 000

Income (NOK)	2022	2021	2020	2019
Revenue	116 570 000	110 420 000	87 233 000	84 154 000
Expenditure	82 344 000	77 904 000	57 629 000	54 990 000
Operating Profit	34 226 000	32 516 000	29 604 000	29 165 000
Financial Income	1 532 000	2 382 000	2 522 000	147 000
Financial Costs	1 589 000	1 598 000	223 000	588 000
Financial Balance	−57 000	784 000	2 299 000	−441 000
Earnings Before Tax	34 169 000	33 299 000	31 903 000	28 723 000
Tax	8 334 000	7 944 000	6 949 000	6 269 000
Net Income	25 835 000	25 355 000	24 954 000	22 453 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	98 592 000	86 832 000	67 019 000	48 890 000
Total Current Assets	37 399 000	56 966 000	42 902 000	36 503 000
Total Assets	135 991 000	143 798 000	109 921 000	85 393 000
Total Retained Equity	62 328 000	99 267 000	85 911 000	63 007 000
Total Equity	65 115 000	102 054 000	88 699 000	63 307 000
Total Long-Term Debt	0	103 000	137 000	0
Total Current Debt	70 875 000	41 641 000	21 085 000	22 086 000
Total Equity and Debt	135 991 000	143 798 000	109 921 000	85 393 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	115 685 000	109 717 000	86 530 000	84 154 000
Other Income	885 000	702 000	702 000	0
Revenue	116 570 000	110 420 000	87 233 000	84 154 000
Cost of Goods Sold	23 897 000	25 857 000	11 353 000	10 310 000
Salary Costs	41 187 000	38 071 000	36 683 000	34 061 000
Depreciation	1 564 000	1 461 000	617 000	324 000
Impairment	0	0	0	0
Expenditure	82 344 000	77 904 000	57 629 000	54 990 000
Operating Profit	34 226 000	32 516 000	29 604 000	29 165 000
Financial Income	1 532 000	2 382 000	2 522 000	147 000
Financial Costs	1 589 000	1 598 000	223 000	588 000
Financial Balance	−57 000	784 000	2 299 000	−441 000
Dividends	0	0	0	0
Net Income	25 835 000	25 355 000	24 954 000	22 453 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	67 000	0	0	79 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 040 000	5 132 000	5 602 000	1 002 000
Total Tangible Assets	4 040 000	5 132 000	5 602 000	1 002 000
Total Fiancial Fixed Assets	94 485 000	81 700 000	61 417 000	47 808 000
Total Fixed Assets	98 592 000	86 832 000	67 019 000	48 890 000
Stock	8 486 000	5 196 000	6 232 000	5 603 000
Total Investments	0	0	0	0
Cash, Bank	1 222 000	19 314 000	19 087 000	13 019 000
Total Current Assets	37 399 000	56 966 000	42 902 000	36 503 000
Total Assets	135 991 000	143 798 000	109 921 000	85 393 000
Total Equity	65 115 000	102 054 000	88 699 000	63 307 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	103 000	137 000	0
Creditors	3 232 000	2 992 000	1 363 000	1 839 000
Unpaid Taxes	7 015 000	6 881 000	6 516 000	6 067 000
Dividends	0	0	0	0
Other Current Debt	47 177 000	28 184 000	7 596 000	8 114 000
Total Current Debt	70 875 000	41 641 000	21 085 000	22 086 000
Total Equity and Debt	135 991 000	143 798 000	109 921 000	85 393 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,68 %	24,84 %	28,13 %	35,47 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	29,36 %	29,45 %	33,94 %	34,66 %
Current Ratio	0,53	1,37	2,03	1,65
Quick Ratio	0,6	1,56	2,89	2,21
Equity Ratio	0,48	0,71	0,81	0,74
Gross Profit Margin	79,5 %	76,58 %	86,99 %	87,75 %