CORVETTE NORWAY AS

2315 HAMAR

Finances

Share Ownership

Return on Equity

−1,3 %

Current Ratio

3,5

Debt-to-Equity Ratio

0,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	478 000	380 000	387 000	393 000
Net Income	−11 000	−239 000	40 000	39 000
Total Assets	1 581 000	1 990 000	880 000	827 000
Total Equity	846 000	857 000	697 000	657 000

Income (NOK)	2022	2021	2020	2019
Revenue	478 000	380 000	387 000	393 000
Expenditure	472 000	683 000	338 000	346 000
Operating Profit	5 000	−303 000	49 000	47 000
Financial Income	1 000	22 000	2 000	4 000
Financial Costs	20 000	25 000	0	0
Financial Balance	−19 000	−3 000	2 000	4 000
Earnings Before Tax	−14 000	−306 000	51 000	51 000
Tax	−3 000	−67 000	11 000	12 000
Net Income	−11 000	−239 000	40 000	39 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 301 000	1 470 000	167 000	293 000
Total Current Assets	280 000	520 000	712 000	533 000
Total Assets	1 581 000	1 990 000	880 000	827 000
Total Retained Equity	86 000	97 000	97 000	57 000
Total Equity	846 000	857 000	697 000	657 000
Total Long-Term Debt	655 000	1 056 000	25 000	27 000
Total Current Debt	80 000	77 000	157 000	142 000
Total Equity and Debt	1 581 000	1 990 000	880 000	827 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	368 000	380 000	361 000	393 000
Other Income	110 000	0	26 000	0
Revenue	478 000	380 000	387 000	393 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	168 000	168 000	52 000	56 000
Impairment	0	0	0	0
Expenditure	472 000	683 000	338 000	346 000
Operating Profit	5 000	−303 000	49 000	47 000
Financial Income	1 000	22 000	2 000	4 000
Financial Costs	20 000	25 000	0	0
Financial Balance	−19 000	−3 000	2 000	4 000
Dividends	0	0	0	300 000
Net Income	−11 000	−239 000	40 000	39 000

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	1 301 000	1 470 000	167 000	293 000
Total Tangible Assets	1 301 000	1 470 000	167 000	293 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 301 000	1 470 000	167 000	293 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	161 000	68 000	597 000	479 000
Total Current Assets	280 000	520 000	712 000	533 000
Total Assets	1 581 000	1 990 000	880 000	827 000
Total Equity	846 000	857 000	697 000	657 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	655 000	1 056 000	25 000	27 000
Creditors	7 000	0	0	16 000
Unpaid Taxes	51 000	30 000	74 000	60 000
Dividends	0	0	0	300 000
Other Current Debt	22 000	47 000	70 000	55 000
Total Current Debt	80 000	77 000	157 000	142 000
Total Equity and Debt	1 581 000	1 990 000	880 000	827 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,3 %	−27,89 %	5,74 %	5,94 %
Debt-to-Equity Ratio	0,77	1,23	0,04	0,04
Operating Profit Margin	1,05 %	−79,74 %	12,66 %	11,96 %
Current Ratio	3,5	6,75	4,54	3,75
Quick Ratio	3,5	6,75	4,54	3,75
Equity Ratio	0,54	0,43	0,79	0,79
Gross Profit Margin	100 %	100 %	100 %	100 %