CREDO REVISJON AS

4319 SANDNES

Finances

Return on Equity

110,27 %

Current Ratio

1,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 782 000	15 833 000	14 376 000	12 127 000
Net Income	2 277 000	1 370 000	1 215 000	1 153 000
Total Assets	12 096 000	11 007 000	10 250 000	8 361 000
Total Equity	2 065 000	1 788 000	1 918 000	2 403 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 782 000	15 833 000	14 376 000	12 127 000
Expenditure	15 654 000	13 988 000	13 044 000	11 021 000
Operating Profit	2 129 000	1 844 000	1 332 000	1 105 000
Financial Income	794 000	30 000	228 000	373 000
Financial Costs	0	0	1 000	0
Financial Balance	794 000	30 000	227 000	373 000
Earnings Before Tax	2 922 000	1 875 000	1 559 000	1 478 000
Tax	645 000	505 000	344 000	325 000
Net Income	2 277 000	1 370 000	1 215 000	1 153 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 705 000	1 769 000	2 296 000	2 295 000
Total Current Assets	10 390 000	9 238 000	7 954 000	6 066 000
Total Assets	12 096 000	11 007 000	10 250 000	8 361 000
Total Retained Equity	1 815 000	1 538 000	1 668 000	2 153 000
Total Equity	2 065 000	1 788 000	1 918 000	2 403 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	10 031 000	9 219 000	8 332 000	5 958 000
Total Equity and Debt	12 096 000	11 007 000	10 250 000	8 361 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 207 000	15 310 000	14 003 000	11 740 000
Other Income	576 000	524 000	373 000	387 000
Revenue	17 782 000	15 833 000	14 376 000	12 127 000
Cost of Goods Sold	331 000	385 000	315 000	238 000
Salary Costs	12 966 000	11 405 000	10 685 000	8 564 000
Depreciation	18 000	23 000	15 000	21 000
Impairment	0	0	0	0
Expenditure	15 654 000	13 988 000	13 044 000	11 021 000
Operating Profit	2 129 000	1 844 000	1 332 000	1 105 000
Financial Income	794 000	30 000	228 000	373 000
Financial Costs	0	0	1 000	0
Financial Balance	794 000	30 000	227 000	373 000
Dividends	2 000 000	1 500 000	1 700 000	1 000 000
Net Income	2 277 000	1 370 000	1 215 000	1 153 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	88 000	134 000	229 000	258 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	26 000	44 000	67 000	37 000
Total Tangible Assets	26 000	44 000	67 000	37 000
Total Fiancial Fixed Assets	1 591 000	1 591 000	2 000 000	2 000 000
Total Fixed Assets	1 705 000	1 769 000	2 296 000	2 295 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 125 000	6 820 000	5 613 000	3 787 000
Total Current Assets	10 390 000	9 238 000	7 954 000	6 066 000
Total Assets	12 096 000	11 007 000	10 250 000	8 361 000
Total Equity	2 065 000	1 788 000	1 918 000	2 403 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	101 000	60 000	110 000	167 000
Unpaid Taxes	5 555 000	4 057 000	2 163 000	1 946 000
Dividends	2 000 000	1 500 000	1 700 000	1 000 000
Other Current Debt	1 776 000	3 193 000	4 544 000	2 578 000
Total Current Debt	10 031 000	9 219 000	8 332 000	5 958 000
Total Equity and Debt	12 096 000	11 007 000	10 250 000	8 361 000

Financial indicators	2022	2021	2020	2019
Return on Equity	110,27 %	76,62 %	63,35 %	47,98 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,97 %	11,65 %	9,27 %	9,11 %
Current Ratio	1,04	1	0,95	1,02
Quick Ratio	1,04	1	0,95	1,02
Equity Ratio	0,17	0,16	0,19	0,29
Gross Profit Margin	98,14 %	97,57 %	97,81 %	98,04 %