KVANDE AS

7043 TRONDHEIM

Finances

Share Ownership

Return on Equity

−911,76 %

Current Ratio

3,8

Debt-to-Equity Ratio

−55,94

Key figures (NOK)	2019	2018	2017	2016
Revenue	758 000	1 135 000	792 000	435 000
Net Income	155 000	−75 000	146 000	−271 000
Total Assets	1 253 000	1 364 000	1 372 000	910 000
Total Equity	−17 000	−172 000	−97 000	28 000

Income (NOK)	2019	2018	2017	2016
Revenue	758 000	1 135 000	792 000	435 000
Expenditure	602 000	1 206 000	1 142 000	1 425 000
Operating Profit	155 000	−71 000	155 000	−265 000
Financial Income	0	6 000	0	0
Financial Costs	0	10 000	9 000	6 000
Financial Balance	0	−4 000	−9 000	−6 000
Earnings Before Tax	155 000	−75 000	146 000	−271 000
Tax	0	0	0	0
Net Income	155 000	−75 000	146 000	−271 000

Balance (NOK)	2019	2018	2017	2016
Total Fixed Assets	40 000	0	0	57 000
Total Current Assets	1 213 000	1 364 000	1 372 000	852 000
Total Assets	1 253 000	1 364 000	1 372 000	910 000
Total Retained Equity	−45 000	−200 000	−125 000	0
Total Equity	−17 000	−172 000	−97 000	28 000
Total Long-Term Debt	951 000	1 332 000	1 335 000	339 000
Total Current Debt	319 000	204 000	133 000	813 000
Total Equity and Debt	1 253 000	1 364 000	1 372 000	1 181 000

Cash flow (NOK)	2019	2018	2017	2016
Sales Income	758 000	1 135 000	792 000	435 000
Other Income	0	0	0	0
Revenue	758 000	1 135 000	792 000	435 000
Cost of Goods Sold	355 000	862 000	750 000	1 122 000
Salary Costs	0	0	0	−1 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	602 000	1 206 000	1 142 000	1 425 000
Operating Profit	155 000	−71 000	155 000	−265 000
Financial Income	0	6 000	0	0
Financial Costs	0	10 000	9 000	6 000
Financial Balance	0	−4 000	−9 000	−6 000
Dividends	0	0	0	0
Net Income	155 000	−75 000	146 000	−271 000

Balance details (NOK)	2019	2018	2017	2016
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	12 000
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	12 000
Total Fiancial Fixed Assets	40 000	0	0	45 000
Total Fixed Assets	40 000	0	0	57 000
Stock	958 000	1 230 000	1 230 000	726 000
Total Investments	0	0	0	0
Cash, Bank	185 000	66 000	54 000	10 000
Total Current Assets	1 213 000	1 364 000	1 372 000	852 000
Total Assets	1 253 000	1 364 000	1 372 000	910 000
Total Equity	−17 000	−172 000	−97 000	28 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	951 000	1 332 000	1 335 000	339 000
Creditors	212 000	212 000	128 000	103 000
Unpaid Taxes	108 000	−8 000	5 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	710 000
Total Current Debt	319 000	204 000	133 000	813 000
Total Equity and Debt	1 253 000	1 364 000	1 372 000	1 181 000

Financial indicators	2019	2018	2017	2016
Return on Equity	−911,76 %	43,6 %	−150,52 %	−967,86 %
Debt-to-Equity Ratio	−55,94	−7,74	−13,76	12,11
Operating Profit Margin	20,45 %	−6,26 %	19,57 %	−60,92 %
Current Ratio	3,8	6,69	10,32	1,05
Quick Ratio	−1,9	−1,33	−1,25	9,79
Equity Ratio	−0,01	−0,13	−0,07	0,03
Gross Profit Margin	53,17 %	24,05 %	5,3 %	−157,93 %