KVARSNES SERVICE AS

8003 BODØ

Finances

Return on Equity

70,54 %

Current Ratio

1,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 309 000	5 970 000	3 834 000	3 209 000
Net Income	170 000	406 000	151 000	−29 000
Total Assets	1 452 000	1 088 000	531 000	537 000
Total Equity	241 000	471 000	365 000	214 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 309 000	5 970 000	3 834 000	3 209 000
Expenditure	5 093 000	5 445 000	3 646 000	3 240 000
Operating Profit	217 000	524 000	187 000	−31 000
Financial Income	1 000	0	3 000	1 000
Financial Costs	1 000	0	0	0
Financial Balance	0	0	3 000	1 000
Earnings Before Tax	217 000	523 000	190 000	−29 000
Tax	47 000	117 000	39 000	0
Net Income	170 000	406 000	151 000	−29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 000	43 000	41 000	40 000
Total Current Assets	1 436 000	1 045 000	490 000	498 000
Total Assets	1 452 000	1 088 000	531 000	537 000
Total Retained Equity	211 000	441 000	335 000	184 000
Total Equity	241 000	471 000	365 000	214 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 211 000	616 000	166 000	323 000
Total Equity and Debt	1 452 000	1 088 000	531 000	537 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 309 000	4 713 000	3 834 000	3 209 000
Other Income	0	1 257 000	0	0
Revenue	5 309 000	5 970 000	3 834 000	3 209 000
Cost of Goods Sold	2 489 000	2 929 000	2 175 000	1 959 000
Salary Costs	1 528 000	1 394 000	798 000	672 000
Depreciation	8 000	21 000	18 000	18 000
Impairment	0	0	0	0
Expenditure	5 093 000	5 445 000	3 646 000	3 240 000
Operating Profit	217 000	524 000	187 000	−31 000
Financial Income	1 000	0	3 000	1 000
Financial Costs	1 000	0	0	0
Financial Balance	0	0	3 000	1 000
Dividends	400 000	300 000	0	0
Net Income	170 000	406 000	151 000	−29 000

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	15 000	23 000	21 000	40 000
Total Tangible Assets	15 000	23 000	21 000	40 000
Total Fiancial Fixed Assets	0	20 000	20 000	0
Total Fixed Assets	15 000	43 000	41 000	40 000
Stock	69 000	44 000	26 000	28 000
Total Investments	20 000	0	0	0
Cash, Bank	1 199 000	859 000	153 000	319 000
Total Current Assets	1 436 000	1 045 000	490 000	498 000
Total Assets	1 452 000	1 088 000	531 000	537 000
Total Equity	241 000	471 000	365 000	214 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	393 000	0	56 000	218 000
Unpaid Taxes	309 000	143 000	35 000	92 000
Dividends	400 000	300 000	0	0
Other Current Debt	62 000	356 000	35 000	14 000
Total Current Debt	1 211 000	616 000	166 000	323 000
Total Equity and Debt	1 452 000	1 088 000	531 000	537 000

Financial indicators	2022	2021	2020	2019
Return on Equity	70,54 %	86,2 %	41,37 %	−13,55 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,09 %	8,78 %	4,88 %	−0,97 %
Current Ratio	1,19	1,7	2,95	1,54
Quick Ratio	1,26	1,83	3,5	1,69
Equity Ratio	0,17	0,43	0,69	0,4
Gross Profit Margin	53,12 %	50,94 %	43,27 %	38,95 %