KORSVOLL RØRSERVICE AS

0880 OSLO

Finances

Share Ownership

Return on Equity

−29,41 %

Current Ratio

0,36

Debt-to-Equity Ratio

−8,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 730 000	1 563 000	1 421 000	394 000
Net Income	10 000	119 000	−186 000	−7 000
Total Assets	1 372 000	1 062 000	1 145 000	1 206 000
Total Equity	−34 000	−44 000	−163 000	23 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 730 000	1 563 000	1 421 000	394 000
Expenditure	1 702 000	1 396 000	1 642 000	403 000
Operating Profit	27 000	167 000	−221 000	−9 000
Financial Income	0	0	0	0
Financial Costs	15 000	15 000	18 000	0
Financial Balance	−15 000	−15 000	−18 000	0
Earnings Before Tax	12 000	153 000	−239 000	−9 000
Tax	3 000	34 000	−53 000	−2 000
Net Income	10 000	119 000	−186 000	−7 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	979 000	510 000	698 000	789 000
Total Current Assets	393 000	552 000	448 000	417 000
Total Assets	1 372 000	1 062 000	1 145 000	1 206 000
Total Retained Equity	−64 000	−74 000	−193 000	−7 000
Total Equity	−34 000	−44 000	−163 000	23 000
Total Long-Term Debt	302 000	0	0	0
Total Current Debt	1 104 000	1 106 000	1 309 000	1 183 000
Total Equity and Debt	1 372 000	1 062 000	1 145 000	1 206 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 543 000	1 563 000	1 421 000	394 000
Other Income	187 000	0	0	0
Revenue	1 730 000	1 563 000	1 421 000	394 000
Cost of Goods Sold	374 000	461 000	336 000	66 000
Salary Costs	661 000	486 000	821 000	17 000
Depreciation	303 000	154 000	203 000	248 000
Impairment	0	0	0	0
Expenditure	1 702 000	1 396 000	1 642 000	403 000
Operating Profit	27 000	167 000	−221 000	−9 000
Financial Income	0	0	0	0
Financial Costs	15 000	15 000	18 000	0
Financial Balance	−15 000	−15 000	−18 000	0
Dividends	0	0	0	0
Net Income	10 000	119 000	−186 000	−7 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 000	21 000	55 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	961 000	0	0	0
Fixtures	0	489 000	643 000	787 000
Total Tangible Assets	961 000	489 000	643 000	787 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	979 000	510 000	698 000	789 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	206 000	409 000	314 000	246 000
Total Current Assets	393 000	552 000	448 000	417 000
Total Assets	1 372 000	1 062 000	1 145 000	1 206 000
Total Equity	−34 000	−44 000	−163 000	23 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	302 000	0	0	0
Creditors	24 000	44 000	46 000	69 000
Unpaid Taxes	110 000	124 000	209 000	74 000
Dividends	0	0	0	0
Other Current Debt	971 000	660 000	691 000	603 000
Total Current Debt	1 104 000	1 106 000	1 309 000	1 183 000
Total Equity and Debt	1 372 000	1 062 000	1 145 000	1 206 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−29,41 %	−270,45 %	114,11 %	−30,43 %
Debt-to-Equity Ratio	−8,88	−0	−0	0
Operating Profit Margin	1,56 %	10,68 %	−15,55 %	−2,28 %
Current Ratio	0,36	0,5	0,34	0,35
Quick Ratio	0,36	0,5	0,34	0,35
Equity Ratio	−0,02	−0,04	−0,14	0,02
Gross Profit Margin	78,38 %	70,51 %	76,35 %	83,25 %