KVITESEID GLASSERVICE AS

3850 KVITESEID

Finances

Share Ownership

Return on Equity

18,97 %

Current Ratio

2,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 714 000	3 240 000	3 576 000	4 087 000
Net Income	239 000	287 000	333 000	854 000
Total Assets	1 895 000	1 540 000	1 260 000	1 275 000
Total Equity	1 260 000	1 022 000	734 000	402 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 714 000	3 240 000	3 576 000	4 087 000
Expenditure	4 406 000	2 875 000	3 133 000	3 103 000
Operating Profit	308 000	364 000	443 000	984 000
Financial Income	5 000	6 000	5 000	3 000
Financial Costs	3 000	2 000	22 000	40 000
Financial Balance	2 000	4 000	−17 000	−37 000
Earnings Before Tax	309 000	368 000	427 000	947 000
Tax	71 000	81 000	94 000	93 000
Net Income	239 000	287 000	333 000	854 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	509 000	566 000	550 000	397 000
Total Current Assets	1 385 000	974 000	710 000	878 000
Total Assets	1 895 000	1 540 000	1 260 000	1 275 000
Total Retained Equity	1 165 000	927 000	639 000	307 000
Total Equity	1 260 000	1 022 000	734 000	402 000
Total Long-Term Debt	0	5 000	1 000	398 000
Total Current Debt	634 000	513 000	525 000	475 000
Total Equity and Debt	1 895 000	1 540 000	1 260 000	1 275 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 714 000	3 240 000	3 576 000	4 087 000
Other Income	0	0	0	0
Revenue	4 714 000	3 240 000	3 576 000	4 087 000
Cost of Goods Sold	2 821 000	1 811 000	1 628 000	1 887 000
Salary Costs	1 046 000	651 000	930 000	696 000
Depreciation	119 000	84 000	105 000	71 000
Impairment	0	0	0	0
Expenditure	4 406 000	2 875 000	3 133 000	3 103 000
Operating Profit	308 000	364 000	443 000	984 000
Financial Income	5 000	6 000	5 000	3 000
Financial Costs	3 000	2 000	22 000	40 000
Financial Balance	2 000	4 000	−17 000	−37 000
Dividends	0	0	0	0
Net Income	239 000	287 000	333 000	854 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	192 000	208 000	223 000	238 000
Machinery and Plant Facilities	0	0	−12 000	20 000
Fixtures	317 000	359 000	339 000	138 000
Total Tangible Assets	509 000	566 000	550 000	397 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	509 000	566 000	550 000	397 000
Stock	406 000	88 000	114 000	96 000
Total Investments	0	0	0	0
Cash, Bank	655 000	538 000	511 000	525 000
Total Current Assets	1 385 000	974 000	710 000	878 000
Total Assets	1 895 000	1 540 000	1 260 000	1 275 000
Total Equity	1 260 000	1 022 000	734 000	402 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	5 000	1 000	398 000
Creditors	142 000	135 000	153 000	120 000
Unpaid Taxes	236 000	155 000	87 000	93 000
Dividends	0	0	0	0
Other Current Debt	181 000	146 000	191 000	169 000
Total Current Debt	634 000	513 000	525 000	475 000
Total Equity and Debt	1 895 000	1 540 000	1 260 000	1 275 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,97 %	28,08 %	45,37 %	212,44 %
Debt-to-Equity Ratio	0	0	0	0,99
Operating Profit Margin	6,53 %	11,23 %	12,39 %	24,08 %
Current Ratio	2,18	1,9	1,35	1,85
Quick Ratio	6,07	2,29	1,73	2,32
Equity Ratio	0,66	0,66	0,58	0,32
Gross Profit Margin	40,16 %	44,1 %	54,47 %	53,83 %