KVITFJELL HANDBAGS AS

2630 RINGEBU

Finances

Share Ownership

Return on Equity

−0,1 %

Current Ratio

0,6

Debt-to-Equity Ratio

−0,48

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 907 000	2 071 000	1 318 000	1 399 000
Net Income	1 000	202 000	−216 000	−292 000
Total Assets	1 614 000	1 297 000	1 040 000	1 047 000
Total Equity	−986 000	−987 000	−1 189 000	−972 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 907 000	2 071 000	1 318 000	1 399 000
Expenditure	2 875 000	1 848 000	1 520 000	1 674 000
Operating Profit	32 000	223 000	−202 000	−276 000
Financial Income	4 000	0	1 000	1 000
Financial Costs	34 000	22 000	15 000	17 000
Financial Balance	−30 000	−22 000	−14 000	−16 000
Earnings Before Tax	1 000	202 000	−216 000	−292 000
Tax	0	0	0	0
Net Income	1 000	202 000	−216 000	−292 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	338 000	263 000	334 000	328 000
Total Current Assets	1 276 000	1 035 000	706 000	719 000
Total Assets	1 614 000	1 297 000	1 040 000	1 047 000
Total Retained Equity	−1 016 000	−1 017 000	−1 219 000	−1 002 000
Total Equity	−986 000	−987 000	−1 189 000	−972 000
Total Long-Term Debt	472 000	350 000	378 000	377 000
Total Current Debt	2 127 000	1 934 000	1 851 000	1 643 000
Total Equity and Debt	1 614 000	1 297 000	1 040 000	1 047 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 907 000	2 071 000	1 289 000	1 399 000
Other Income	0	0	29 000	0
Revenue	2 907 000	2 071 000	1 318 000	1 399 000
Cost of Goods Sold	1 536 000	939 000	833 000	774 000
Salary Costs	576 000	361 000	237 000	394 000
Depreciation	85 000	72 000	24 000	11 000
Impairment	0	0	0	0
Expenditure	2 875 000	1 848 000	1 520 000	1 674 000
Operating Profit	32 000	223 000	−202 000	−276 000
Financial Income	4 000	0	1 000	1 000
Financial Costs	34 000	22 000	15 000	17 000
Financial Balance	−30 000	−22 000	−14 000	−16 000
Dividends	0	0	0	0
Net Income	1 000	202 000	−216 000	−292 000

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	338 000	263 000	334 000	328 000
Total Tangible Assets	338 000	263 000	334 000	328 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	338 000	263 000	334 000	328 000
Stock	943 000	812 000	639 000	513 000
Total Investments	0	0	0	0
Cash, Bank	42 000	45 000	19 000	70 000
Total Current Assets	1 276 000	1 035 000	706 000	719 000
Total Assets	1 614 000	1 297 000	1 040 000	1 047 000
Total Equity	−986 000	−987 000	−1 189 000	−972 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	472 000	350 000	378 000	377 000
Creditors	43 000	11 000	4 000	17 000
Unpaid Taxes	139 000	219 000	161 000	76 000
Dividends	0	0	0	0
Other Current Debt	1 945 000	1 704 000	1 686 000	1 550 000
Total Current Debt	2 127 000	1 934 000	1 851 000	1 643 000
Total Equity and Debt	1 614 000	1 297 000	1 040 000	1 047 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,1 %	−20,47 %	18,17 %	30,04 %
Debt-to-Equity Ratio	−0,48	−0,35	−0,32	−0,39
Operating Profit Margin	1,1 %	10,77 %	−15,33 %	−19,73 %
Current Ratio	0,6	0,54	0,38	0,44
Quick Ratio	1,08	0,92	0,58	0,64
Equity Ratio	−0,61	−0,76	−1,14	−0,93
Gross Profit Margin	47,16 %	54,66 %	36,8 %	44,67 %