BRØDRENE KVERNELAND AS

4006 STAVANGER

Finances

Return on Equity

−4,14 %

Current Ratio

21,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 028 000	3 120 000	0	1 850 000
Net Income	−6 955 000	1 300 000	−8 124 000	5 497 000
Total Assets	172 313 000	177 409 000	170 457 000	181 762 000
Total Equity	168 143 000	173 549 000	169 489 000	174 835 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 028 000	3 120 000	0	1 850 000
Expenditure	8 203 000	6 353 000	7 695 000	7 187 000
Operating Profit	−5 175 000	−3 234 000	−7 694 000	−5 338 000
Financial Income	6 910 000	5 776 000	2 789 000	10 846 000
Financial Costs	9 070 000	2 021 000	3 749 000	905 000
Financial Balance	−2 160 000	3 755 000	−960 000	9 941 000
Earnings Before Tax	−7 335 000	521 000	−8 653 000	4 603 000
Tax	−381 000	−779 000	−529 000	−894 000
Net Income	−6 955 000	1 300 000	−8 124 000	5 497 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	80 851 000	69 405 000	67 710 000	64 935 000
Total Current Assets	91 462 000	108 004 000	102 747 000	116 828 000
Total Assets	172 313 000	177 409 000	170 457 000	181 762 000
Total Retained Equity	0	1 300 000	0	2 979 000
Total Equity	168 143 000	173 549 000	169 489 000	174 835 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 170 000	3 860 000	968 000	6 927 000
Total Equity and Debt	172 313 000	177 409 000	170 457 000	181 762 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 028 000	3 120 000	0	1 850 000
Other Income	0	0	0	0
Revenue	3 028 000	3 120 000	0	1 850 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 213 000	2 691 000	2 841 000	3 211 000
Depreciation	325 000	404 000	416 000	169 000
Impairment	0	0	0	0
Expenditure	8 203 000	6 353 000	7 695 000	7 187 000
Operating Profit	−5 175 000	−3 234 000	−7 694 000	−5 338 000
Financial Income	6 910 000	5 776 000	2 789 000	10 846 000
Financial Costs	9 070 000	2 021 000	3 749 000	905 000
Financial Balance	−2 160 000	3 755 000	−960 000	9 941 000
Dividends	0	0	0	0
Net Income	−6 955 000	1 300 000	−8 124 000	5 497 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	88 000	0	0	123 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	510 000	432 000	1 436 000	23 812 000
Total Tangible Assets	29 763 000	28 405 000	26 658 000	23 812 000
Total Fiancial Fixed Assets	51 000 000	41 000 000	41 053 000	41 000 000
Total Fixed Assets	80 851 000	69 405 000	67 710 000	64 935 000
Stock	0	0	0	0
Total Investments	41 322 000	46 853 000	76 889 000	112 469 000
Cash, Bank	4 183 000	300 000	13 593 000	362 000
Total Current Assets	91 462 000	108 004 000	102 747 000	116 828 000
Total Assets	172 313 000	177 409 000	170 457 000	181 762 000
Total Equity	168 143 000	173 549 000	169 489 000	174 835 000
Short-Term Group Debt	43 000	1 497 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	383 000	1 175 000	293 000	641 000
Unpaid Taxes	299 000	280 000	241 000	271 000
Dividends	0	0	0	0
Other Current Debt	3 380 000	364 000	434 000	784 000
Total Current Debt	4 170 000	3 860 000	968 000	6 927 000
Total Equity and Debt	172 313 000	177 409 000	170 457 000	181 762 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,14 %	0,75 %	−4,79 %	3,14 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−170,9 %	−103,65 %	-	−288,54 %
Current Ratio	21,93	27,98	106,14	16,87
Quick Ratio	21,93	27,98	106,14	16,87
Equity Ratio	0,98	0,98	0,99	0,96
Gross Profit Margin	100 %	100 %	-	100 %