VERVO AS

6103 VOLDA

Finances

Share Ownership

Return on Equity

38,1 %

Current Ratio

1,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	353 000	309 000	396 000	208 000
Net Income	8 000	−38 000	1 000	126 000
Total Assets	77 000	33 000	113 000	139 000
Total Equity	21 000	13 000	51 000	120 000

Income (NOK)	2022	2021	2020	2019
Revenue	353 000	309 000	396 000	208 000
Expenditure	345 000	358 000	394 000	46 000
Operating Profit	10 000	−49 000	2 000	161 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	10 000	−49 000	2 000	161 000
Tax	2 000	−11 000	1 000	36 000
Net Income	8 000	−38 000	1 000	126 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 000	15 000	4 000	4 000
Total Current Assets	65 000	19 000	109 000	135 000
Total Assets	77 000	33 000	113 000	139 000
Total Retained Equity	−10 000	−18 000	20 000	19 000
Total Equity	21 000	13 000	51 000	120 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	57 000	20 000	62 000	19 000
Total Equity and Debt	77 000	33 000	113 000	139 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 000	20 000	9 000	80 000
Other Income	339 000	289 000	387 000	129 000
Revenue	353 000	309 000	396 000	208 000
Cost of Goods Sold	14 000	20 000	6 000	23 000
Salary Costs	244 000	247 000	303 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	345 000	358 000	394 000	46 000
Operating Profit	10 000	−49 000	2 000	161 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	8 000	−38 000	1 000	126 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 000	15 000	4 000	4 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	12 000	15 000	4 000	4 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	64 000	18 000	108 000	135 000
Total Current Assets	65 000	19 000	109 000	135 000
Total Assets	77 000	33 000	113 000	139 000
Total Equity	21 000	13 000	51 000	120 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 000	12 000	1 000	3 000
Unpaid Taxes	84 000	62 000	82 000	34 000
Dividends	0	0	0	0
Other Current Debt	−29 000	−54 000	−21 000	−40 000
Total Current Debt	57 000	20 000	62 000	19 000
Total Equity and Debt	77 000	33 000	113 000	139 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,1 %	−292,31 %	1,96 %	105 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,83 %	−15,86 %	0,51 %	77,4 %
Current Ratio	1,14	0,95	1,76	7,11
Quick Ratio	1,14	0,95	1,76	7,11
Equity Ratio	0,27	0,39	0,45	0,86
Gross Profit Margin	96,03 %	93,53 %	98,48 %	88,94 %