KVITINGEN AS

5003 BERGEN

Finances

Share Ownership

Return on Equity

−21,05 %

Current Ratio

0,91

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 000	7 000	6 000	0
Net Income	−76 000	−72 000	−80 000	−98 000
Total Assets	1 894 000	1 824 000	1 754 000	1 675 000
Total Equity	361 000	347 000	322 000	288 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 000	7 000	6 000	0
Expenditure	97 000	93 000	96 000	102 000
Operating Profit	−90 000	−85 000	−90 000	−102 000
Financial Income	31 000	30 000	25 000	12 000
Financial Costs	39 000	38 000	37 000	36 000
Financial Balance	−8 000	−8 000	−12 000	−24 000
Earnings Before Tax	−98 000	−93 000	−102 000	−126 000
Tax	−22 000	−20 000	−23 000	0
Net Income	−76 000	−72 000	−80 000	−98 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	561 000	599 000	600 000	637 000
Total Current Assets	1 333 000	1 226 000	1 153 000	1 038 000
Total Assets	1 894 000	1 824 000	1 754 000	1 675 000
Total Retained Equity	−628 000	−552 000	−479 000	−399 000
Total Equity	361 000	347 000	322 000	288 000
Total Long-Term Debt	74 000	70 000	62 000	53 000
Total Current Debt	1 458 000	1 408 000	1 370 000	1 333 000
Total Equity and Debt	1 894 000	1 824 000	1 754 000	1 675 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	7 000	7 000	6 000	0
Revenue	7 000	7 000	6 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	38 000	38 000	36 000	36 000
Impairment	0	0	0	0
Expenditure	97 000	93 000	96 000	102 000
Operating Profit	−90 000	−85 000	−90 000	−102 000
Financial Income	31 000	30 000	25 000	12 000
Financial Costs	39 000	38 000	37 000	36 000
Financial Balance	−8 000	−8 000	−12 000	−24 000
Dividends	0	0	0	0
Net Income	−76 000	−72 000	−80 000	−98 000

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	0	0	0
Fixtures	561 000	599 000	600 000	637 000
Total Tangible Assets	561 000	599 000	600 000	637 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	561 000	599 000	600 000	637 000
Stock	46 000	46 000	46 000	46 000
Total Investments	0	0	0	0
Cash, Bank	152 000	299 000	356 000	382 000
Total Current Assets	1 333 000	1 226 000	1 153 000	1 038 000
Total Assets	1 894 000	1 824 000	1 754 000	1 675 000
Total Equity	361 000	347 000	322 000	288 000
Short-Term Group Debt	1 458 000	1 408 000	1 370 000	1 333 000
Total Long-Term Debt	74 000	70 000	62 000	53 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	1 458 000	1 408 000	1 370 000	1 333 000
Total Equity and Debt	1 894 000	1 824 000	1 754 000	1 675 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,05 %	−20,75 %	−24,84 %	−34,03 %
Debt-to-Equity Ratio	0,2	0,2	0,19	0,18
Operating Profit Margin	−1 285,71 %	−1 214,29 %	−1 500 %	-
Current Ratio	0,91	0,87	0,84	0,78
Quick Ratio	0,94	0,9	0,87	0,81
Equity Ratio	0,19	0,19	0,18	0,17
Gross Profit Margin	100 %	100 %	100 %	-