KETEL ESPESETH AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

65,38 %

Current Ratio

0,7

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	436 000	482 000	570 000	642 000
Net Income	17 000	−12 000	38 000	5 000
Total Assets	320 000	304 000	384 000	157 000
Total Equity	26 000	8 000	20 000	−18 000

Income (NOK)	2022	2021	2020	2019
Revenue	436 000	482 000	570 000	642 000
Expenditure	418 000	494 000	519 000	634 000
Operating Profit	18 000	−12 000	51 000	8 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	17 000	−12 000	51 000	8 000
Tax	0	0	13 000	2 000
Net Income	17 000	−12 000	38 000	5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	115 000	113 000	125 000	13 000
Total Current Assets	206 000	191 000	259 000	144 000
Total Assets	320 000	304 000	384 000	157 000
Total Retained Equity	1 000	−16 000	−4 000	−43 000
Total Equity	26 000	8 000	20 000	−18 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	295 000	296 000	364 000	175 000
Total Equity and Debt	320 000	304 000	384 000	157 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	436 000	482 000	570 000	642 000
Other Income	0	0	0	0
Revenue	436 000	482 000	570 000	642 000
Cost of Goods Sold	30 000	1 000	19 000	37 000
Salary Costs	293 000	360 000	362 000	361 000
Depreciation	16 000	13 000	1 000	0
Impairment	0	0	0	0
Expenditure	418 000	494 000	519 000	634 000
Operating Profit	18 000	−12 000	51 000	8 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	17 000	−12 000	38 000	5 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	13 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	115 000	113 000	125 000	0
Total Tangible Assets	115 000	113 000	125 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	115 000	113 000	125 000	13 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	119 000	156 000	234 000	113 000
Total Current Assets	206 000	191 000	259 000	144 000
Total Assets	320 000	304 000	384 000	157 000
Total Equity	26 000	8 000	20 000	−18 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	1 000	164 000	22 000
Unpaid Taxes	28 000	35 000	18 000	54 000
Dividends	0	0	0	0
Other Current Debt	264 000	259 000	183 000	98 000
Total Current Debt	295 000	296 000	364 000	175 000
Total Equity and Debt	320 000	304 000	384 000	157 000

Financial indicators	2022	2021	2020	2019
Return on Equity	65,38 %	−150 %	190 %	−27,78 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	4,13 %	−2,49 %	8,95 %	1,25 %
Current Ratio	0,7	0,65	0,71	0,82
Quick Ratio	0,7	0,65	0,71	0,82
Equity Ratio	0,08	0,03	0,05	−0,11
Gross Profit Margin	93,12 %	99,79 %	96,67 %	94,24 %