PRODECO AS

8622 MO I RANA

Finances

Share Ownership

Return on Equity

59,68 %

Current Ratio

1,27

Debt-to-Equity Ratio

1,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 370 000	5 713 000	3 016 000	1 742 000
Net Income	296 000	775 000	417 000	162 000
Total Assets	3 467 000	2 833 000	1 936 000	702 000
Total Equity	496 000	200 000	200 000	383 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 370 000	5 713 000	3 016 000	1 742 000
Expenditure	8 953 000	4 690 000	2 471 000	1 578 000
Operating Profit	417 000	1 024 000	545 000	163 000
Financial Income	1 000	0	1 000	0
Financial Costs	38 000	31 000	12 000	1 000
Financial Balance	−37 000	−31 000	−11 000	−1 000
Earnings Before Tax	381 000	993 000	534 000	162 000
Tax	85 000	218 000	117 000	0
Net Income	296 000	775 000	417 000	162 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	517 000	916 000	529 000	84 000
Total Current Assets	2 950 000	1 918 000	1 407 000	619 000
Total Assets	3 467 000	2 833 000	1 936 000	702 000
Total Retained Equity	296 000	0	0	258 000
Total Equity	496 000	200 000	200 000	383 000
Total Long-Term Debt	648 000	583 000	404 000	0
Total Current Debt	2 322 000	2 050 000	1 332 000	319 000
Total Equity and Debt	3 467 000	2 833 000	1 936 000	702 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 359 000	5 713 000	3 016 000	1 742 000
Other Income	11 000	0	0	0
Revenue	9 370 000	5 713 000	3 016 000	1 742 000
Cost of Goods Sold	1 268 000	88 000	43 000	179 000
Salary Costs	5 538 000	2 312 000	1 248 000	962 000
Depreciation	291 000	199 000	88 000	22 000
Impairment	0	0	0	0
Expenditure	8 953 000	4 690 000	2 471 000	1 578 000
Operating Profit	417 000	1 024 000	545 000	163 000
Financial Income	1 000	0	1 000	0
Financial Costs	38 000	31 000	12 000	1 000
Financial Balance	−37 000	−31 000	−11 000	−1 000
Dividends	0	775 000	660 000	0
Net Income	296 000	775 000	417 000	162 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	498 000	910 000	523 000	84 000
Total Tangible Assets	498 000	910 000	523 000	84 000
Total Fiancial Fixed Assets	0	6 000	6 000	0
Total Fixed Assets	517 000	916 000	529 000	84 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	529 000	264 000	490 000	301 000
Total Current Assets	2 950 000	1 918 000	1 407 000	619 000
Total Assets	3 467 000	2 833 000	1 936 000	702 000
Total Equity	496 000	200 000	200 000	383 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	648 000	583 000	404 000	0
Creditors	830 000	425 000	208 000	48 000
Unpaid Taxes	614 000	349 000	271 000	151 000
Dividends	0	775 000	660 000	0
Other Current Debt	751 000	290 000	93 000	121 000
Total Current Debt	2 322 000	2 050 000	1 332 000	319 000
Total Equity and Debt	3 467 000	2 833 000	1 936 000	702 000

Financial indicators	2022	2021	2020	2019
Return on Equity	59,68 %	387,5 %	208,5 %	42,3 %
Debt-to-Equity Ratio	1,31	2,92	2,02	0
Operating Profit Margin	4,45 %	17,92 %	18,07 %	9,36 %
Current Ratio	1,27	0,94	1,06	1,94
Quick Ratio	1,27	0,94	1,06	1,94
Equity Ratio	0,14	0,07	0,1	0,55
Gross Profit Margin	86,47 %	98,46 %	98,57 %	89,72 %