CREDO PARTNERS AS

0161 OSLO

Finances

Return on Equity

81,77 %

Current Ratio

1,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 812 000	33 541 000	28 896 000	28 106 000
Net Income	8 314 000	6 288 000	5 511 000	4 475 000
Total Assets	19 964 000	15 715 000	14 177 000	13 331 000
Total Equity	10 167 000	7 853 000	8 265 000	5 754 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 812 000	33 541 000	28 896 000	28 106 000
Expenditure	31 403 000	25 416 000	21 670 000	22 186 000
Operating Profit	10 410 000	8 125 000	7 226 000	5 921 000
Financial Income	374 000	84 000	−95 000	193 000
Financial Costs	104 000	96 000	42 000	39 000
Financial Balance	270 000	−12 000	−137 000	154 000
Earnings Before Tax	10 680 000	8 113 000	7 090 000	6 076 000
Tax	2 365 000	1 825 000	1 579 000	1 600 000
Net Income	8 314 000	6 288 000	5 511 000	4 475 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 748 000	2 163 000	2 767 000	2 269 000
Total Current Assets	18 216 000	13 552 000	11 410 000	11 061 000
Total Assets	19 964 000	15 715 000	14 177 000	13 331 000
Total Retained Equity	8 728 000	6 413 000	6 825 000	4 314 000
Total Equity	10 167 000	7 853 000	8 265 000	5 754 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 797 000	7 862 000	5 912 000	7 577 000
Total Equity and Debt	19 964 000	15 715 000	14 177 000	13 331 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 289 000	33 251 000	28 451 000	27 283 000
Other Income	523 000	290 000	445 000	823 000
Revenue	41 812 000	33 541 000	28 896 000	28 106 000
Cost of Goods Sold	0	0	0	0
Salary Costs	19 471 000	17 457 000	15 165 000	12 655 000
Depreciation	312 000	348 000	323 000	98 000
Impairment	0	0	0	0
Expenditure	31 403 000	25 416 000	21 670 000	22 186 000
Operating Profit	10 410 000	8 125 000	7 226 000	5 921 000
Financial Income	374 000	84 000	−95 000	193 000
Financial Costs	104 000	96 000	42 000	39 000
Financial Balance	270 000	−12 000	−137 000	154 000
Dividends	6 000 000	6 700 000	3 000 000	4 000 000
Net Income	8 314 000	6 288 000	5 511 000	4 475 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	428 000	14 000	1 000	380 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	552 000	864 000	1 186 000	327 000
Total Tangible Assets	552 000	864 000	1 186 000	327 000
Total Fiancial Fixed Assets	769 000	1 285 000	1 579 000	1 562 000
Total Fixed Assets	1 748 000	2 163 000	2 767 000	2 269 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 887 000	1 677 000	5 567 000	5 090 000
Total Current Assets	18 216 000	13 552 000	11 410 000	11 061 000
Total Assets	19 964 000	15 715 000	14 177 000	13 331 000
Total Equity	10 167 000	7 853 000	8 265 000	5 754 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 509 000	572 000	978 000	645 000
Unpaid Taxes	2 149 000	1 217 000	854 000	780 000
Dividends	6 000 000	6 700 000	3 000 000	4 000 000
Other Current Debt	3 361 000	3 034 000	2 881 000	2 674 000
Total Current Debt	9 797 000	7 862 000	5 912 000	7 577 000
Total Equity and Debt	19 964 000	15 715 000	14 177 000	13 331 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,77 %	80,07 %	66,68 %	77,77 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	24,9 %	24,22 %	25,01 %	21,07 %
Current Ratio	1,86	1,72	1,93	1,46
Quick Ratio	1,86	1,72	1,93	1,46
Equity Ratio	0,51	0,5	0,58	0,43
Gross Profit Margin	100 %	100 %	100 %	100 %