KVITNAKKEN AS

9770 MEHAMN

Finances

Share Ownership

Return on Equity

−88,14 %

Current Ratio

0,4

Debt-to-Equity Ratio

2,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 159 000	963 000	995 000	1 333 000
Net Income	−171 000	−160 000	−193 000	234 000
Total Assets	1 427 000	1 383 000	1 817 000	1 834 000
Total Equity	194 000	367 000	527 000	720 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 159 000	963 000	995 000	1 333 000
Expenditure	1 240 000	1 111 000	1 142 000	978 000
Operating Profit	−81 000	−148 000	−146 000	356 000
Financial Income	0	0	0	0
Financial Costs	30 000	57 000	62 000	91 000
Financial Balance	−30 000	−57 000	−62 000	−91 000
Earnings Before Tax	−111 000	−205 000	−208 000	265 000
Tax	60 000	−45 000	−14 000	32 000
Net Income	−171 000	−160 000	−193 000	234 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 150 000	1 228 000	1 441 000	1 713 000
Total Current Assets	277 000	156 000	376 000	121 000
Total Assets	1 427 000	1 383 000	1 817 000	1 834 000
Total Retained Equity	−306 000	−133 000	27 000	220 000
Total Equity	194 000	367 000	527 000	720 000
Total Long-Term Debt	544 000	524 000	654 000	784 000
Total Current Debt	689 000	492 000	636 000	329 000
Total Equity and Debt	1 427 000	1 383 000	1 817 000	1 834 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 159 000	963 000	995 000	1 173 000
Other Income	0	0	0	160 000
Revenue	1 159 000	963 000	995 000	1 333 000
Cost of Goods Sold	280 000	46 000	19 000	0
Salary Costs	469 000	414 000	440 000	424 000
Depreciation	265 000	259 000	337 000	310 000
Impairment	0	0	0	0
Expenditure	1 240 000	1 111 000	1 142 000	978 000
Operating Profit	−81 000	−148 000	−146 000	356 000
Financial Income	0	0	0	0
Financial Costs	30 000	57 000	62 000	91 000
Financial Balance	−30 000	−57 000	−62 000	−91 000
Dividends	0	0	0	0
Net Income	−171 000	−160 000	−193 000	234 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	60 000	14 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 150 000	1 168 000	1 427 000	1 713 000
Fixtures	0	0	0	0
Total Tangible Assets	1 150 000	1 168 000	1 427 000	1 713 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 150 000	1 228 000	1 441 000	1 713 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	199 000	156 000	314 000	142 000
Total Current Assets	277 000	156 000	376 000	121 000
Total Assets	1 427 000	1 383 000	1 817 000	1 834 000
Total Equity	194 000	367 000	527 000	720 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	544 000	524 000	654 000	784 000
Creditors	222 000	126 000	102 000	74 000
Unpaid Taxes	4 000	103 000	106 000	138 000
Dividends	0	0	0	0
Other Current Debt	463 000	264 000	428 000	118 000
Total Current Debt	689 000	492 000	636 000	329 000
Total Equity and Debt	1 427 000	1 383 000	1 817 000	1 834 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−88,14 %	−43,6 %	−36,62 %	32,5 %
Debt-to-Equity Ratio	2,8	1,43	1,24	1,09
Operating Profit Margin	−6,99 %	−15,37 %	−14,67 %	26,71 %
Current Ratio	0,4	0,32	0,59	0,37
Quick Ratio	0,4	0,32	0,59	0,37
Equity Ratio	0,14	0,27	0,29	0,39
Gross Profit Margin	75,84 %	95,22 %	98,09 %	100 %