KVALITETSTUTVIKLING AS

5582 ØLENSVÅG

Finances

Share Ownership

Return on Equity

−93,98 %

Current Ratio

N/A

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	793 000	1 140 000	1 158 000	1 388 000
Net Income	−78 000	110 000	51 000	55 000
Total Assets	83 000	430 000	337 000	466 000
Total Equity	83 000	248 000	136 000	85 000

Income (NOK)	2022	2021	2020	2019
Revenue	793 000	1 140 000	1 158 000	1 388 000
Expenditure	865 000	996 000	1 078 000	1 306 000
Operating Profit	−73 000	144 000	78 000	81 000
Financial Income	1 000	3 000	0	0
Financial Costs	6 000	4 000	12 000	10 000
Financial Balance	−5 000	−1 000	−12 000	−10 000
Earnings Before Tax	−78 000	143 000	67 000	71 000
Tax	0	33 000	16 000	16 000
Net Income	−78 000	110 000	51 000	55 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 000	174 000	237 000	300 000
Total Current Assets	82 000	257 000	100 000	165 000
Total Assets	83 000	430 000	337 000	466 000
Total Retained Equity	53 000	218 000	106 000	55 000
Total Equity	83 000	248 000	136 000	85 000
Total Long-Term Debt	0	0	28 000	80 000
Total Current Debt	0	183 000	173 000	301 000
Total Equity and Debt	83 000	430 000	337 000	466 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	720 000	982 000	1 117 000	1 388 000
Other Income	73 000	158 000	41 000	0
Revenue	793 000	1 140 000	1 158 000	1 388 000
Cost of Goods Sold	8 000	30 000	69 000	40 000
Salary Costs	266 000	155 000	162 000	257 000
Depreciation	42 000	63 000	63 000	88 000
Impairment	0	0	0	0
Expenditure	865 000	996 000	1 078 000	1 306 000
Operating Profit	−73 000	144 000	78 000	81 000
Financial Income	1 000	3 000	0	0
Financial Costs	6 000	4 000	12 000	10 000
Financial Balance	−5 000	−1 000	−12 000	−10 000
Dividends	0	0	0	0
Net Income	−78 000	110 000	51 000	55 000

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	28 000	42 000	56 000
Fixtures	0	145 000	194 000	243 000
Total Tangible Assets	0	173 000	236 000	299 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	1 000	174 000	237 000	300 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	2 000	2 000	3 000
Total Current Assets	82 000	257 000	100 000	165 000
Total Assets	83 000	430 000	337 000	466 000
Total Equity	83 000	248 000	136 000	85 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	28 000	80 000
Creditors	0	65 000	19 000	47 000
Unpaid Taxes	0	5 000	42 000	128 000
Dividends	0	0	0	0
Other Current Debt	0	17 000	17 000	28 000
Total Current Debt	0	183 000	173 000	301 000
Total Equity and Debt	83 000	430 000	337 000	466 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−93,98 %	44,35 %	37,5 %	64,71 %
Debt-to-Equity Ratio	0	0	0,21	0,94
Operating Profit Margin	−9,21 %	12,63 %	6,74 %	5,84 %
Current Ratio	-	1,4	0,58	0,55
Quick Ratio	-	1,4	0,58	0,55
Equity Ratio	1	0,58	0,4	0,18
Gross Profit Margin	98,99 %	97,37 %	94,04 %	97,12 %