KVASSHEIM ELEKTRISKE AS

4042 HAFRSFJORD

Finances

Return on Equity

−5,46 %

Current Ratio

1,79

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 701 000	2 875 000	4 159 000	3 597 000
Net Income	−107 000	−783 000	554 000	102 000
Total Assets	3 022 000	3 369 000	3 410 000	3 285 000
Total Equity	1 959 000	2 067 000	2 850 000	2 367 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 701 000	2 875 000	4 159 000	3 597 000
Expenditure	3 828 000	3 817 000	3 437 000	3 453 000
Operating Profit	−127 000	−992 000	723 000	143 000
Financial Income	1 000	1 000	2 000	2 000
Financial Costs	9 000	10 000	12 000	11 000
Financial Balance	−8 000	−9 000	−10 000	−9 000
Earnings Before Tax	−135 000	−1 001 000	713 000	134 000
Tax	−27 000	−218 000	159 000	32 000
Net Income	−107 000	−783 000	554 000	102 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 124 000	1 096 000	878 000	1 037 000
Total Current Assets	1 899 000	2 272 000	2 532 000	2 248 000
Total Assets	3 022 000	3 369 000	3 410 000	3 285 000
Total Retained Equity	−891 000	−783 000	0	−518 000
Total Equity	1 959 000	2 067 000	2 850 000	2 367 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 063 000	1 302 000	560 000	918 000
Total Equity and Debt	3 022 000	3 369 000	3 410 000	3 285 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 701 000	2 875 000	4 159 000	3 597 000
Other Income	0	0	0	0
Revenue	3 701 000	2 875 000	4 159 000	3 597 000
Cost of Goods Sold	906 000	825 000	880 000	586 000
Salary Costs	2 390 000	2 221 000	1 746 000	1 898 000
Depreciation	0	0	0	95 000
Impairment	0	0	0	0
Expenditure	3 828 000	3 817 000	3 437 000	3 453 000
Operating Profit	−127 000	−992 000	723 000	143 000
Financial Income	1 000	1 000	2 000	2 000
Financial Costs	9 000	10 000	12 000	11 000
Financial Balance	−8 000	−9 000	−10 000	−9 000
Dividends	0	0	0	0
Net Income	−107 000	−783 000	554 000	102 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 124 000	1 096 000	878 000	1 037 000
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	1 124 000	1 096 000	878 000	1 037 000
Stock	290 000	285 000	278 000	267 000
Total Investments	10 000	10 000	10 000	10 000
Cash, Bank	775 000	1 370 000	1 209 000	465 000
Total Current Assets	1 899 000	2 272 000	2 532 000	2 248 000
Total Assets	3 022 000	3 369 000	3 410 000	3 285 000
Total Equity	1 959 000	2 067 000	2 850 000	2 367 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	228 000	88 000	−5 000	91 000
Unpaid Taxes	526 000	641 000	147 000	384 000
Dividends	0	0	0	0
Other Current Debt	308 000	573 000	419 000	443 000
Total Current Debt	1 063 000	1 302 000	560 000	918 000
Total Equity and Debt	3 022 000	3 369 000	3 410 000	3 285 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,46 %	−37,88 %	19,44 %	4,31 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−3,43 %	−34,5 %	17,38 %	3,98 %
Current Ratio	1,79	1,75	4,52	2,45
Quick Ratio	2,46	2,23	8,98	3,45
Equity Ratio	0,65	0,61	0,84	0,72
Gross Profit Margin	75,52 %	71,3 %	78,84 %	83,71 %