ZEDGE EUROPE AS

7031 TRONDHEIM

Finances

Share Ownership

Return on Equity

17,1 %

Current Ratio

4,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 037 000	27 671 000	28 416 000	40 278 000
Net Income	2 230 000	1 688 000	−88 000	−2 187 000
Total Assets	17 179 000	14 284 000	14 222 000	14 944 000
Total Equity	13 038 000	10 808 000	9 120 000	9 208 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 037 000	27 671 000	28 416 000	40 278 000
Expenditure	21 073 000	26 065 000	28 685 000	42 344 000
Operating Profit	1 963 000	1 607 000	−269 000	−2 066 000
Financial Income	317 000	83 000	181 000	382 000
Financial Costs	0	3 000	−1 000	0
Financial Balance	317 000	80 000	182 000	382 000
Earnings Before Tax	2 280 000	1 687 000	−87 000	−1 684 000
Tax	50 000	−1 000	1 000	502 000
Net Income	2 230 000	1 688 000	−88 000	−2 187 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	308 000	686 000	382 000	853 000
Total Current Assets	16 872 000	13 597 000	13 840 000	14 091 000
Total Assets	17 179 000	14 284 000	14 222 000	14 944 000
Total Retained Equity	12 938 000	10 708 000	9 020 000	9 108 000
Total Equity	13 038 000	10 808 000	9 120 000	9 208 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 142 000	3 476 000	5 102 000	5 736 000
Total Equity and Debt	17 179 000	14 284 000	14 222 000	14 944 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 037 000	27 671 000	28 416 000	40 278 000
Other Income	0	0	0	0
Revenue	23 037 000	27 671 000	28 416 000	40 278 000
Cost of Goods Sold	0	0	0	0
Salary Costs	17 356 000	21 717 000	23 657 000	35 114 000
Depreciation	116 000	225 000	280 000	353 000
Impairment	0	0	0	24 000
Expenditure	21 073 000	26 065 000	28 685 000	42 344 000
Operating Profit	1 963 000	1 607 000	−269 000	−2 066 000
Financial Income	317 000	83 000	181 000	382 000
Financial Costs	0	3 000	−1 000	0
Financial Balance	317 000	80 000	182 000	382 000
Dividends	0	0	0	0
Net Income	2 230 000	1 688 000	−88 000	−2 187 000

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	284 000	227 000	358 000	615 000
Total Tangible Assets	284 000	227 000	358 000	615 000
Total Fiancial Fixed Assets	24 000	459 000	24 000	238 000
Total Fixed Assets	308 000	686 000	382 000	853 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 042 000	9 221 000	12 097 000	6 741 000
Total Current Assets	16 872 000	13 597 000	13 840 000	14 091 000
Total Assets	17 179 000	14 284 000	14 222 000	14 944 000
Total Equity	13 038 000	10 808 000	9 120 000	9 208 000
Short-Term Group Debt	1 176 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	324 000	170 000	279 000	686 000
Unpaid Taxes	702 000	1 515 000	1 890 000	1 306 000
Dividends	0	0	0	0
Other Current Debt	1 889 000	1 791 000	2 932 000	3 744 000
Total Current Debt	4 142 000	3 476 000	5 102 000	5 736 000
Total Equity and Debt	17 179 000	14 284 000	14 222 000	14 944 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,1 %	15,62 %	−0,96 %	−23,75 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,52 %	5,81 %	−0,95 %	−5,13 %
Current Ratio	4,07	3,91	2,71	2,46
Quick Ratio	4,07	3,91	2,71	2,46
Equity Ratio	0,76	0,76	0,64	0,62
Gross Profit Margin	100 %	100 %	100 %	100 %