COVENT AS

4387 BJERKREIM

Finances

Return on Equity

−24,68 %

Current Ratio

1,21

Debt-to-Equity Ratio

0,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	226 559 000	190 454 000	248 918 000	344 712 000
Net Income	−6 550 000	−9 473 000	7 053 000	−770 000
Total Assets	135 805 000	98 270 000	111 004 000	153 362 000
Total Equity	26 543 000	33 093 000	42 565 000	35 513 000

Income (NOK)	2022	2021	2020	2019
Revenue	226 559 000	190 454 000	248 918 000	344 712 000
Expenditure	233 986 000	202 397 000	239 580 000	342 712 000
Operating Profit	−7 427 000	−11 943 000	9 338 000	2 000 000
Financial Income	1 471 000	1 532 000	3 987 000	1 349 000
Financial Costs	2 415 000	1 715 000	4 264 000	4 298 000
Financial Balance	−944 000	−183 000	−277 000	−2 949 000
Earnings Before Tax	−8 372 000	−12 126 000	9 061 000	−949 000
Tax	−1 822 000	−2 653 000	2 008 000	−179 000
Net Income	−6 550 000	−9 473 000	7 053 000	−770 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	31 975 000	31 600 000	32 522 000	36 460 000
Total Current Assets	103 830 000	66 670 000	78 481 000	116 903 000
Total Assets	135 805 000	98 270 000	111 004 000	153 362 000
Total Retained Equity	22 939 000	29 489 000	38 961 000	31 909 000
Total Equity	26 543 000	33 093 000	42 565 000	35 513 000
Total Long-Term Debt	23 654 000	5 559 000	8 519 000	11 684 000
Total Current Debt	85 608 000	59 618 000	59 919 000	106 166 000
Total Equity and Debt	135 805 000	98 270 000	111 004 000	153 362 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	226 439 000	190 304 000	248 757 000	344 327 000
Other Income	120 000	150 000	161 000	385 000
Revenue	226 559 000	190 454 000	248 918 000	344 712 000
Cost of Goods Sold	140 291 000	110 441 000	144 696 000	238 102 000
Salary Costs	72 825 000	72 674 000	72 190 000	78 276 000
Depreciation	3 106 000	3 332 000	3 685 000	4 009 000
Impairment	0	0	0	0
Expenditure	233 986 000	202 397 000	239 580 000	342 712 000
Operating Profit	−7 427 000	−11 943 000	9 338 000	2 000 000
Financial Income	1 471 000	1 532 000	3 987 000	1 349 000
Financial Costs	2 415 000	1 715 000	4 264 000	4 298 000
Financial Balance	−944 000	−183 000	−277 000	−2 949 000
Dividends	0	0	0	0
Net Income	−6 550 000	−9 473 000	7 053 000	−770 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 997 000	2 175 000	0	599 000
Real Eastate	11 496 000	12 047 000	12 696 000	13 185 000
Machinery and Plant Facilities	371 000	468 000	482 000	786 000
Fixtures	13 698 000	14 492 000	16 927 000	19 472 000
Total Tangible Assets	25 565 000	27 007 000	30 105 000	33 443 000
Total Fiancial Fixed Assets	2 413 000	2 418 000	2 418 000	2 418 000
Total Fixed Assets	31 975 000	31 600 000	32 522 000	36 460 000
Stock	30 441 000	32 441 000	29 933 000	30 208 000
Total Investments	0	0	0	0
Cash, Bank	4 523 000	2 540 000	2 779 000	14 084 000
Total Current Assets	103 830 000	66 670 000	78 481 000	116 903 000
Total Assets	135 805 000	98 270 000	111 004 000	153 362 000
Total Equity	26 543 000	33 093 000	42 565 000	35 513 000
Short-Term Group Debt	0	0	0	13 305 000
Total Long-Term Debt	23 654 000	5 559 000	8 519 000	11 684 000
Creditors	40 236 000	24 056 000	18 141 000	46 668 000
Unpaid Taxes	14 027 000	8 066 000	9 542 000	10 590 000
Dividends	0	0	0	0
Other Current Debt	13 439 000	14 623 000	13 373 000	16 920 000
Total Current Debt	85 608 000	59 618 000	59 919 000	106 166 000
Total Equity and Debt	135 805 000	98 270 000	111 004 000	153 362 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−24,68 %	−28,63 %	16,57 %	−2,17 %
Debt-to-Equity Ratio	0,89	0,17	0,2	0,33
Operating Profit Margin	−3,28 %	−6,27 %	3,75 %	0,58 %
Current Ratio	1,21	1,12	1,31	1,1
Quick Ratio	1,88	2,45	2,62	1,54
Equity Ratio	0,2	0,34	0,38	0,23
Gross Profit Margin	38,08 %	42,01 %	41,87 %	30,93 %