COVISION TECHNOLOGY AS

2319 HAMAR

Finances

Share Ownership

Return on Equity

12,25 %

Current Ratio

5,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 119 000	3 512 000	4 032 000	1 384 000
Net Income	177 000	592 000	250 000	105 000
Total Assets	1 797 000	2 036 000	1 074 000	724 000
Total Equity	1 445 000	1 269 000	677 000	427 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 119 000	3 512 000	4 032 000	1 384 000
Expenditure	2 885 000	2 734 000	3 665 000	1 251 000
Operating Profit	233 000	779 000	367 000	133 000
Financial Income	3 000	1 000	6 000	5 000
Financial Costs	13 000	17 000	46 000	8 000
Financial Balance	−10 000	−16 000	−40 000	−3 000
Earnings Before Tax	222 000	763 000	327 000	130 000
Tax	46 000	172 000	77 000	25 000
Net Income	177 000	592 000	250 000	105 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 000	28 000	46 000	164 000
Total Current Assets	1 783 000	2 008 000	1 028 000	560 000
Total Assets	1 797 000	2 036 000	1 074 000	724 000
Total Retained Equity	1 411 000	1 235 000	643 000	393 000
Total Equity	1 445 000	1 269 000	677 000	427 000
Total Long-Term Debt	0	0	1 000	2 000
Total Current Debt	352 000	768 000	396 000	294 000
Total Equity and Debt	1 797 000	2 036 000	1 074 000	724 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 119 000	3 512 000	4 032 000	1 384 000
Other Income	0	0	0	0
Revenue	3 119 000	3 512 000	4 032 000	1 384 000
Cost of Goods Sold	1 480 000	1 064 000	1 947 000	875 000
Salary Costs	758 000	804 000	740 000	49 000
Depreciation	15 000	18 000	18 000	6 000
Impairment	0	0	0	0
Expenditure	2 885 000	2 734 000	3 665 000	1 251 000
Operating Profit	233 000	779 000	367 000	133 000
Financial Income	3 000	1 000	6 000	5 000
Financial Costs	13 000	17 000	46 000	8 000
Financial Balance	−10 000	−16 000	−40 000	−3 000
Dividends	0	0	0	0
Net Income	177 000	592 000	250 000	105 000

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	13 000	28 000	46 000	64 000
Total Tangible Assets	13 000	28 000	46 000	64 000
Total Fiancial Fixed Assets	0	0	0	100 000
Total Fixed Assets	13 000	28 000	46 000	164 000
Stock	1 356 000	1 464 000	792 000	363 000
Total Investments	0	0	0	0
Cash, Bank	272 000	351 000	43 000	4 000
Total Current Assets	1 783 000	2 008 000	1 028 000	560 000
Total Assets	1 797 000	2 036 000	1 074 000	724 000
Total Equity	1 445 000	1 269 000	677 000	427 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	2 000
Creditors	81 000	232 000	23 000	38 000
Unpaid Taxes	148 000	173 000	226 000	155 000
Dividends	0	0	0	0
Other Current Debt	77 000	189 000	69 000	4 000
Total Current Debt	352 000	768 000	396 000	294 000
Total Equity and Debt	1 797 000	2 036 000	1 074 000	724 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,25 %	46,65 %	36,93 %	24,59 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,47 %	22,18 %	9,1 %	9,61 %
Current Ratio	5,07	2,61	2,6	1,9
Quick Ratio	−1,78	−2,89	−2,6	−8,12
Equity Ratio	0,8	0,62	0,63	0,59
Gross Profit Margin	52,55 %	69,7 %	51,71 %	36,78 %