KNARDALSTRAND ENGINEERING AS

3913 PORSGRUNN

Finances

Share Ownership

Return on Equity

99,73 %

Current Ratio

0,7

Debt-to-Equity Ratio

−1,74

Key figures (NOK)	2021	2020	2019	2018
Revenue	2 799 000	2 646 000	2 589 000	2 578 000
Net Income	−366 000	−97 000	14 000	128 000
Total Assets	844 000	1 267 000	1 243 000	1 616 000
Total Equity	−367 000	−1 000	96 000	296 000

Income (NOK)	2021	2020	2019	2018
Revenue	2 799 000	2 646 000	2 589 000	2 578 000
Expenditure	3 140 000	2 753 000	2 534 000	2 398 000
Operating Profit	−341 000	−106 000	56 000	178 000
Financial Income	3 000	2 000	0	0
Financial Costs	46 000	20 000	38 000	14 000
Financial Balance	−43 000	−18 000	−38 000	−14 000
Earnings Before Tax	−384 000	−124 000	18 000	164 000
Tax	−18 000	−27 000	4 000	36 000
Net Income	−366 000	−97 000	14 000	128 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	446 000	599 000	752 000	915 000
Total Current Assets	398 000	668 000	491 000	701 000
Total Assets	844 000	1 267 000	1 243 000	1 616 000
Total Retained Equity	−397 000	−31 000	66 000	266 000
Total Equity	−367 000	−1 000	96 000	296 000
Total Long-Term Debt	640 000	597 000	733 000	947 000
Total Current Debt	572 000	671 000	415 000	373 000
Total Equity and Debt	844 000	1 267 000	1 243 000	1 616 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	2 799 000	2 646 000	2 589 000	2 578 000
Other Income	0	0	0	0
Revenue	2 799 000	2 646 000	2 589 000	2 578 000
Cost of Goods Sold	126 000	74 000	130 000	101 000
Salary Costs	2 042 000	1 789 000	1 573 000	1 509 000
Depreciation	153 000	153 000	155 000	56 000
Impairment	0	0	0	0
Expenditure	3 140 000	2 753 000	2 534 000	2 398 000
Operating Profit	−341 000	−106 000	56 000	178 000
Financial Income	3 000	2 000	0	0
Financial Costs	46 000	20 000	38 000	14 000
Financial Balance	−43 000	−18 000	−38 000	−14 000
Dividends	0	0	214 000	0
Net Income	−366 000	−97 000	14 000	128 000

Balance details (NOK)	2021	2020	2019	2018
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	446 000	599 000	752 000	915 000
Total Tangible Assets	446 000	599 000	752 000	915 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	446 000	599 000	752 000	915 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	91 000	30 000	84 000	30 000
Total Current Assets	398 000	668 000	491 000	701 000
Total Assets	844 000	1 267 000	1 243 000	1 616 000
Total Equity	−367 000	−1 000	96 000	296 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	640 000	597 000	733 000	947 000
Creditors	−7 000	91 000	40 000	54 000
Unpaid Taxes	294 000	349 000	211 000	161 000
Dividends	0	0	214 000	0
Other Current Debt	202 000	182 000	164 000	158 000
Total Current Debt	572 000	671 000	415 000	373 000
Total Equity and Debt	844 000	1 267 000	1 243 000	1 616 000

Financial indicators	2021	2020	2019	2018
Return on Equity	99,73 %	9 700 %	14,58 %	43,24 %
Debt-to-Equity Ratio	−1,74	−597	7,64	3,2
Operating Profit Margin	−12,18 %	−4,01 %	2,16 %	6,9 %
Current Ratio	0,7	1	1,18	1,88
Quick Ratio	0,7	1	1,18	1,88
Equity Ratio	−0,43	−0	0,08	0,18
Gross Profit Margin	95,5 %	97,2 %	94,98 %	96,08 %