COVERME AS

3470 SLEMMESTAD

Finances

Share Ownership

Return on Equity

−70,63 %

Current Ratio

1,03

Debt-to-Equity Ratio

−2,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 270 000	2 521 000	2 519 000	1 594 000
Net Income	291 000	27 000	−30 000	−88 000
Total Assets	15 070 000	11 806 000	8 739 000	6 740 000
Total Equity	−412 000	−703 000	−730 000	−700 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 270 000	2 521 000	2 519 000	1 594 000
Expenditure	1 437 000	2 554 000	2 129 000	1 497 000
Operating Profit	384 000	−32 000	19 000	−5 000
Financial Income	8 000	0	1 000	1 000
Financial Costs	19 000	0	58 000	109 000
Financial Balance	−11 000	0	−57 000	−108 000
Earnings Before Tax	373 000	−32 000	−38 000	−113 000
Tax	82 000	−59 000	−8 000	−25 000
Net Income	291 000	27 000	−30 000	−88 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	68 000	358 000	379 000	687 000
Total Current Assets	15 002 000	11 448 000	8 360 000	6 052 000
Total Assets	15 070 000	11 806 000	8 739 000	6 740 000
Total Retained Equity	−512 000	−803 000	−830 000	−800 000
Total Equity	−412 000	−703 000	−730 000	−700 000
Total Long-Term Debt	900 000	1 400 000	−201 000	−192 000
Total Current Debt	14 582 000	11 110 000	9 670 000	7 631 000
Total Equity and Debt	15 070 000	11 806 000	8 739 000	6 740 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 260 000	2 521 000	2 519 000	1 594 000
Other Income	10 000	0	0	0
Revenue	2 270 000	2 521 000	2 519 000	1 594 000
Cost of Goods Sold	0	0	0	0
Salary Costs	195 000	408 000	625 000	0
Depreciation	90 000	306 000	384 000	346 000
Impairment	0	0	0	0
Expenditure	1 437 000	2 554 000	2 129 000	1 497 000
Operating Profit	384 000	−32 000	19 000	−5 000
Financial Income	8 000	0	1 000	1 000
Financial Costs	19 000	0	58 000	109 000
Financial Balance	−11 000	0	−57 000	−108 000
Dividends	0	0	0	0
Net Income	291 000	27 000	−30 000	−88 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	59 000	260 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	379 000	674 000
Fixtures	8 000	98 000	0	13 000
Total Tangible Assets	8 000	98 000	379 000	687 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	68 000	358 000	379 000	687 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 040 000	1 584 000	1 725 000	973 000
Total Current Assets	15 002 000	11 448 000	8 360 000	6 052 000
Total Assets	15 070 000	11 806 000	8 739 000	6 740 000
Total Equity	−412 000	−703 000	−730 000	−700 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	900 000	1 400 000	−201 000	−192 000
Creditors	2 300 000	1 749 000	1 278 000	866 000
Unpaid Taxes	0	23 000	130 000	42 000
Dividends	0	0	0	0
Other Current Debt	12 281 000	9 337 000	8 262 000	6 723 000
Total Current Debt	14 582 000	11 110 000	9 670 000	7 631 000
Total Equity and Debt	15 070 000	11 806 000	8 739 000	6 740 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−70,63 %	−3,84 %	4,11 %	12,57 %
Debt-to-Equity Ratio	−2,18	−1,99	0,28	0,27
Operating Profit Margin	16,92 %	−1,27 %	0,75 %	−0,31 %
Current Ratio	1,03	1,03	0,86	0,79
Quick Ratio	1,03	1,03	0,86	0,79
Equity Ratio	−0,03	−0,06	−0,08	−0,1
Gross Profit Margin	100 %	100 %	100 %	100 %