KVASSHEIMS ELEKTRISKE FORRETNING AS

4370 EGERSUND

Finances

Return on Equity

23,72 %

Current Ratio

2,67

Debt-to-Equity Ratio

1,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 187 000	17 212 000	13 939 000	12 212 000
Net Income	653 000	1 332 000	714 000	292 000
Total Assets	9 335 000	13 859 000	12 338 000	11 516 000
Total Equity	2 753 000	9 326 000	9 194 000	9 130 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 187 000	17 212 000	13 939 000	12 212 000
Expenditure	18 402 000	15 508 000	13 061 000	12 089 000
Operating Profit	786 000	1 704 000	879 000	123 000
Financial Income	17 000	22 000	30 000	170 000
Financial Costs	1 000	0	31 000	0
Financial Balance	16 000	22 000	−1 000	170 000
Earnings Before Tax	802 000	1 727 000	877 000	292 000
Tax	150 000	394 000	164 000	0
Net Income	653 000	1 332 000	714 000	292 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	223 000	3 904 000	4 114 000	4 409 000
Total Current Assets	9 112 000	9 956 000	8 225 000	7 106 000
Total Assets	9 335 000	13 859 000	12 338 000	11 516 000
Total Retained Equity	2 199 000	8 776 000	8 644 000	8 580 000
Total Equity	2 753 000	9 326 000	9 194 000	9 130 000
Total Long-Term Debt	3 174 000	384 000	296 000	331 000
Total Current Debt	3 409 000	4 150 000	2 849 000	2 054 000
Total Equity and Debt	9 335 000	13 859 000	12 338 000	11 516 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 187 000	17 116 000	13 843 000	12 076 000
Other Income	0	96 000	96 000	136 000
Revenue	19 187 000	17 212 000	13 939 000	12 212 000
Cost of Goods Sold	10 468 000	8 724 000	6 535 000	5 878 000
Salary Costs	5 395 000	4 828 000	4 746 000	4 268 000
Depreciation	0	209 000	209 000	215 000
Impairment	0	0	0	0
Expenditure	18 402 000	15 508 000	13 061 000	12 089 000
Operating Profit	786 000	1 704 000	879 000	123 000
Financial Income	17 000	22 000	30 000	170 000
Financial Costs	1 000	0	31 000	0
Financial Balance	16 000	22 000	−1 000	170 000
Dividends	300 000	1 200 000	650 000	200 000
Net Income	653 000	1 332 000	714 000	292 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	3 582 000	3 791 000	3 999 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	3 582 000	3 791 000	3 999 000
Total Fiancial Fixed Assets	223 000	322 000	323 000	410 000
Total Fixed Assets	223 000	3 904 000	4 114 000	4 409 000
Stock	1 884 000	1 648 000	1 187 000	915 000
Total Investments	0	0	0	0
Cash, Bank	3 714 000	6 045 000	5 423 000	4 324 000
Total Current Assets	9 112 000	9 956 000	8 225 000	7 106 000
Total Assets	9 335 000	13 859 000	12 338 000	11 516 000
Total Equity	2 753 000	9 326 000	9 194 000	9 130 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 174 000	384 000	296 000	331 000
Creditors	1 589 000	1 237 000	733 000	758 000
Unpaid Taxes	672 000	641 000	682 000	669 000
Dividends	300 000	1 200 000	650 000	200 000
Other Current Debt	767 000	677 000	621 000	426 000
Total Current Debt	3 409 000	4 150 000	2 849 000	2 054 000
Total Equity and Debt	9 335 000	13 859 000	12 338 000	11 516 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,72 %	14,28 %	7,77 %	3,2 %
Debt-to-Equity Ratio	1,15	0,04	0,03	0,04
Operating Profit Margin	4,1 %	9,9 %	6,31 %	1,01 %
Current Ratio	2,67	2,4	2,89	3,46
Quick Ratio	5,98	3,98	4,95	6,24
Equity Ratio	0,29	0,67	0,75	0,79
Gross Profit Margin	45,44 %	49,31 %	53,12 %	51,87 %