CONVERGENCE AS

1358 JAR

Finances

Share Ownership

Return on Equity

−8,68 %

Current Ratio

2,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−81 000	−1 051 000	−12 968 000	−1 800 000
Total Assets	1 340 000	1 439 000	46 453 000	54 729 000
Total Equity	933 000	1 414 000	2 465 000	53 748 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	79 000	442 000	2 239 000	1 789 000
Operating Profit	−79 000	−442 000	−2 240 000	−1 790 000
Financial Income	13 000	10 000	1 000	7 000
Financial Costs	15 000	619 000	10 729 000	17 000
Financial Balance	−2 000	−609 000	−10 728 000	−10 000
Earnings Before Tax	−81 000	−1 051 000	−12 968 000	−1 800 000
Tax	0	0	0	0
Net Income	−81 000	−1 051 000	−12 968 000	−1 800 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	470 000	585 000	321 000	54 033 000
Total Current Assets	870 000	854 000	46 132 000	696 000
Total Assets	1 340 000	1 439 000	46 453 000	54 729 000
Total Retained Equity	0	0	0	45 467 000
Total Equity	933 000	1 414 000	2 465 000	53 748 000
Total Long-Term Debt	0	0	4 570 000	600 000
Total Current Debt	407 000	25 000	39 418 000	381 000
Total Equity and Debt	1 340 000	1 439 000	46 453 000	54 729 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	134 000	261 000	399 000
Depreciation	0	3 000	18 000	7 000
Impairment	0	0	0	0
Expenditure	79 000	442 000	2 239 000	1 789 000
Operating Profit	−79 000	−442 000	−2 240 000	−1 790 000
Financial Income	13 000	10 000	1 000	7 000
Financial Costs	15 000	619 000	10 729 000	17 000
Financial Balance	−2 000	−609 000	−10 728 000	−10 000
Dividends	400 000	0	38 315 000	0
Net Income	−81 000	−1 051 000	−12 968 000	−1 800 000

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	0	0	51 000	61 000
Total Tangible Assets	0	0	51 000	61 000
Total Fiancial Fixed Assets	470 000	585 000	271 000	53 973 000
Total Fixed Assets	470 000	585 000	321 000	54 033 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	870 000	854 000	90 000	591 000
Total Current Assets	870 000	854 000	46 132 000	696 000
Total Assets	1 340 000	1 439 000	46 453 000	54 729 000
Total Equity	933 000	1 414 000	2 465 000	53 748 000
Short-Term Group Debt	0	0	0	69 000
Total Long-Term Debt	0	0	4 570 000	600 000
Creditors	0	0	530 000	120 000
Unpaid Taxes	0	0	138 000	30 000
Dividends	400 000	0	38 315 000	0
Other Current Debt	7 000	25 000	435 000	163 000
Total Current Debt	407 000	25 000	39 418 000	381 000
Total Equity and Debt	1 340 000	1 439 000	46 453 000	54 729 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,68 %	−74,33 %	−526,09 %	−3,35 %
Debt-to-Equity Ratio	0	0	1,85	0,01
Operating Profit Margin	-	-	-	-
Current Ratio	2,14	34,16	1,17	1,83
Quick Ratio	2,14	34,16	1,17	1,83
Equity Ratio	0,7	0,98	0,05	0,98
Gross Profit Margin	-	-	-	-