COVER BRANDS AS

0165 OSLO

Finances

Share Ownership

Return on Equity

33,22 %

Current Ratio

1,54

Debt-to-Equity Ratio

0,83

Key figures (NOK)	2021	2020	2019	2018
Revenue	149 222 000	73 133 000	18 129 000	23 551 000
Net Income	6 027 000	1 632 000	89 000	−2 060 000
Total Assets	77 894 000	36 354 000	15 040 000	9 588 000
Total Equity	18 144 000	4 748 000	2 116 000	427 000

Income (NOK)	2021	2020	2019	2018
Revenue	149 222 000	73 133 000	18 129 000	23 551 000
Expenditure	139 249 000	69 827 000	17 738 000	25 566 000
Operating Profit	9 973 000	3 305 000	392 000	−2 015 000
Financial Income	97 000	212 000	10 000	23 000
Financial Costs	2 340 000	1 423 000	288 000	207 000
Financial Balance	−2 243 000	−1 211 000	−278 000	−184 000
Earnings Before Tax	7 731 000	2 094 000	114 000	−2 199 000
Tax	1 703 000	462 000	25 000	−139 000
Net Income	6 027 000	1 632 000	89 000	−2 060 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	8 921 000	9 050 000	5 960 000	3 304 000
Total Current Assets	68 973 000	27 304 000	9 079 000	6 285 000
Total Assets	77 894 000	36 354 000	15 040 000	9 588 000
Total Retained Equity	8 144 000	2 117 000	484 000	396 000
Total Equity	18 144 000	4 748 000	2 116 000	427 000
Total Long-Term Debt	15 082 000	3 000 000	3 000 000	0
Total Current Debt	44 668 000	28 606 000	9 924 000	9 162 000
Total Equity and Debt	77 894 000	36 354 000	15 040 000	9 588 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	149 222 000	73 133 000	18 129 000	23 551 000
Other Income	0	0	0	0
Revenue	149 222 000	73 133 000	18 129 000	23 551 000
Cost of Goods Sold	111 125 000	53 395 000	10 860 000	15 736 000
Salary Costs	4 230 000	2 906 000	2 059 000	4 091 000
Depreciation	1 180 000	727 000	−124 000	460 000
Impairment	0	0	0	0
Expenditure	139 249 000	69 827 000	17 738 000	25 566 000
Operating Profit	9 973 000	3 305 000	392 000	−2 015 000
Financial Income	97 000	212 000	10 000	23 000
Financial Costs	2 340 000	1 423 000	288 000	207 000
Financial Balance	−2 243 000	−1 211 000	−278 000	−184 000
Dividends	0	0	0	0
Net Income	6 027 000	1 632 000	89 000	−2 060 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	3 907 000	5 606 000	2 785 000	1 638 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 993 000	3 424 000	3 156 000	1 646 000
Total Tangible Assets	4 993 000	3 424 000	3 156 000	1 646 000
Total Fiancial Fixed Assets	20 000	20 000	20 000	20 000
Total Fixed Assets	8 921 000	9 050 000	5 960 000	3 304 000
Stock	32 166 000	22 242 000	7 091 000	5 021 000
Total Investments	0	0	0	0
Cash, Bank	1 662 000	537 000	381 000	147 000
Total Current Assets	68 973 000	27 304 000	9 079 000	6 285 000
Total Assets	77 894 000	36 354 000	15 040 000	9 588 000
Total Equity	18 144 000	4 748 000	2 116 000	427 000
Short-Term Group Debt	581 000	116 000	1 383 000	1 491 000
Total Long-Term Debt	15 082 000	3 000 000	3 000 000	0
Creditors	18 836 000	9 498 000	4 431 000	3 338 000
Unpaid Taxes	14 528 000	7 653 000	779 000	486 000
Dividends	0	0	0	0
Other Current Debt	10 219 000	6 331 000	2 059 000	3 848 000
Total Current Debt	44 668 000	28 606 000	9 924 000	9 162 000
Total Equity and Debt	77 894 000	36 354 000	15 040 000	9 588 000

Financial indicators	2021	2020	2019	2018
Return on Equity	33,22 %	34,37 %	4,21 %	−482,44 %
Debt-to-Equity Ratio	0,83	0,63	1,42	0
Operating Profit Margin	6,68 %	4,52 %	2,16 %	−8,56 %
Current Ratio	1,54	0,95	0,91	0,69
Quick Ratio	5,52	4,29	3,2	1,52
Equity Ratio	0,23	0,13	0,14	0,04
Gross Profit Margin	25,53 %	26,99 %	40,1 %	33,18 %