DEVOLDKANTINA AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

−1 907,61 %

Current Ratio

2,86

Debt-to-Equity Ratio

32,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 151 000	9 610 000	6 927 000	9 005 000
Net Income	−3 510 000	−3 064 000	−1 271 000	−1 303 000
Total Assets	8 563 000	6 845 000	3 366 000	4 474 000
Total Equity	184 000	156 000	186 000	328 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 151 000	9 610 000	6 927 000	9 005 000
Expenditure	15 415 000	13 458 000	8 476 000	10 537 000
Operating Profit	−4 265 000	−3 849 000	−1 549 000	−1 531 000
Financial Income	0	0	0	1 000
Financial Costs	236 000	79 000	79 000	136 000
Financial Balance	−236 000	−79 000	−79 000	−135 000
Earnings Before Tax	−4 500 000	−3 928 000	−1 628 000	−1 666 000
Tax	−990 000	−864 000	−356 000	−363 000
Net Income	−3 510 000	−3 064 000	−1 271 000	−1 303 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 524 000	1 350 000	1 145 000	1 427 000
Total Current Assets	7 039 000	5 495 000	2 221 000	3 047 000
Total Assets	8 563 000	6 845 000	3 366 000	4 474 000
Total Retained Equity	−316 000	−344 000	−314 000	−172 000
Total Equity	184 000	156 000	186 000	328 000
Total Long-Term Debt	5 915 000	4 884 000	1 673 000	2 828 000
Total Current Debt	2 463 000	1 805 000	1 507 000	1 318 000
Total Equity and Debt	8 563 000	6 845 000	3 366 000	4 474 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 151 000	9 610 000	6 927 000	9 005 000
Other Income	0	0	0	0
Revenue	11 151 000	9 610 000	6 927 000	9 005 000
Cost of Goods Sold	4 208 000	3 978 000	2 256 000	2 970 000
Salary Costs	7 312 000	5 757 000	3 556 000	4 202 000
Depreciation	410 000	371 000	413 000	569 000
Impairment	24 000	0	0	0
Expenditure	15 415 000	13 458 000	8 476 000	10 537 000
Operating Profit	−4 265 000	−3 849 000	−1 549 000	−1 531 000
Financial Income	0	0	0	1 000
Financial Costs	236 000	79 000	79 000	136 000
Financial Balance	−236 000	−79 000	−79 000	−135 000
Dividends	0	0	0	0
Net Income	−3 510 000	−3 064 000	−1 271 000	−1 303 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	87 000	70 000	61 000	23 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 437 000	1 280 000	1 084 000	1 404 000
Total Tangible Assets	1 437 000	1 280 000	1 084 000	1 404 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 524 000	1 350 000	1 145 000	1 427 000
Stock	1 199 000	961 000	244 000	365 000
Total Investments	0	0	0	0
Cash, Bank	684 000	277 000	252 000	420 000
Total Current Assets	7 039 000	5 495 000	2 221 000	3 047 000
Total Assets	8 563 000	6 845 000	3 366 000	4 474 000
Total Equity	184 000	156 000	186 000	328 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 915 000	4 884 000	1 673 000	2 828 000
Creditors	998 000	795 000	577 000	292 000
Unpaid Taxes	854 000	522 000	472 000	657 000
Dividends	0	0	0	0
Other Current Debt	611 000	488 000	459 000	370 000
Total Current Debt	2 463 000	1 805 000	1 507 000	1 318 000
Total Equity and Debt	8 563 000	6 845 000	3 366 000	4 474 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1 907,61 %	−1 964,1 %	−683,33 %	−397,26 %
Debt-to-Equity Ratio	32,15	31,31	8,99	8,62
Operating Profit Margin	−38,25 %	−40,05 %	−22,36 %	−17 %
Current Ratio	2,86	3,04	1,47	2,31
Quick Ratio	5,57	6,51	1,76	3,2
Equity Ratio	0,02	0,02	0,06	0,07
Gross Profit Margin	62,26 %	58,61 %	67,43 %	67,02 %