DEVOLD OF NORWAY AS

6030 LANGEVÅG

Finances

Return on Equity

63,95 %

Current Ratio

1,47

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	404 437 000	396 371 000	276 114 000	275 599 000
Net Income	74 363 000	27 892 000	2 923 000	4 136 000
Total Assets	294 695 000	283 584 000	210 243 000	148 165 000
Total Equity	116 289 000	64 404 000	62 086 000	59 163 000

Income (NOK)	2022	2021	2020	2019
Revenue	404 437 000	396 371 000	276 114 000	275 599 000
Expenditure	367 164 000	361 364 000	270 714 000	266 731 000
Operating Profit	37 273 000	35 007 000	5 400 000	8 867 000
Financial Income	51 994 000	4 944 000	957 000	10 217 000
Financial Costs	7 941 000	4 324 000	2 798 000	14 040 000
Financial Balance	44 053 000	620 000	−1 841 000	−3 823 000
Earnings Before Tax	81 326 000	35 627 000	3 559 000	5 044 000
Tax	6 963 000	7 734 000	635 000	908 000
Net Income	74 363 000	27 892 000	2 923 000	4 136 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	80 280 000	88 085 000	89 948 000	94 094 000
Total Current Assets	214 415 000	195 498 000	120 295 000	54 071 000
Total Assets	294 695 000	283 584 000	210 243 000	148 165 000
Total Retained Equity	66 864 000	16 735 000	14 417 000	11 493 000
Total Equity	116 289 000	64 404 000	62 086 000	59 163 000
Total Long-Term Debt	32 422 000	30 691 000	32 278 000	49 275 000
Total Current Debt	145 984 000	188 488 000	115 879 000	39 727 000
Total Equity and Debt	294 695 000	283 584 000	210 243 000	148 165 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	404 437 000	395 615 000	274 579 000	275 510 000
Other Income	0	756 000	1 535 000	89 000
Revenue	404 437 000	396 371 000	276 114 000	275 599 000
Cost of Goods Sold	253 619 000	244 221 000	185 427 000	182 567 000
Salary Costs	38 931 000	54 094 000	37 111 000	32 940 000
Depreciation	7 350 000	4 657 000	4 357 000	5 010 000
Impairment	0	0	0	0
Expenditure	367 164 000	361 364 000	270 714 000	266 731 000
Operating Profit	37 273 000	35 007 000	5 400 000	8 867 000
Financial Income	51 994 000	4 944 000	957 000	10 217 000
Financial Costs	7 941 000	4 324 000	2 798 000	14 040 000
Financial Balance	44 053 000	620 000	−1 841 000	−3 823 000
Dividends	0	0	0	0
Net Income	74 363 000	27 892 000	2 923 000	4 136 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 834 000	17 938 000	21 096 000	20 981 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 536 000	450 000	685 000	1 164 000
Total Tangible Assets	1 536 000	450 000	685 000	1 164 000
Total Fiancial Fixed Assets	65 910 000	69 697 000	68 167 000	71 949 000
Total Fixed Assets	80 280 000	88 085 000	89 948 000	94 094 000
Stock	3 124 000	2 670 000	1 970 000	1 863 000
Total Investments	0	0	0	0
Cash, Bank	1 803 000	1 446 000	2 251 000	10 036 000
Total Current Assets	214 415 000	195 498 000	120 295 000	54 071 000
Total Assets	294 695 000	283 584 000	210 243 000	148 165 000
Total Equity	116 289 000	64 404 000	62 086 000	59 163 000
Short-Term Group Debt	31 069 000	32 787 000	0	0
Total Long-Term Debt	32 422 000	30 691 000	32 278 000	49 275 000
Creditors	78 651 000	105 629 000	80 258 000	12 938 000
Unpaid Taxes	15 208 000	17 387 000	15 089 000	10 646 000
Dividends	0	0	0	0
Other Current Debt	21 057 000	32 686 000	20 532 000	16 143 000
Total Current Debt	145 984 000	188 488 000	115 879 000	39 727 000
Total Equity and Debt	294 695 000	283 584 000	210 243 000	148 165 000

Financial indicators	2022	2021	2020	2019
Return on Equity	63,95 %	43,31 %	4,71 %	6,99 %
Debt-to-Equity Ratio	0,28	0,48	0,52	0,83
Operating Profit Margin	9,22 %	8,83 %	1,96 %	3,22 %
Current Ratio	1,47	1,04	1,04	1,36
Quick Ratio	1,5	1,05	1,06	1,43
Equity Ratio	0,39	0,23	0,3	0,4
Gross Profit Margin	37,29 %	38,39 %	32,84 %	33,76 %