KAASS DISCOVERY AS

3937 PORSGRUNN

Finances

Share Ownership

Return on Equity

−11,35 %

Current Ratio

8,56

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 454 000	2 548 000	882 000	75 000
Net Income	−432 000	−635 000	33 000	−128 000
Total Assets	4 447 000	3 169 000	2 044 000	133 000
Total Equity	3 807 000	2 571 000	1 539 000	−161 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 454 000	2 548 000	882 000	75 000
Expenditure	2 886 000	3 037 000	910 000	235 000
Operating Profit	−432 000	−490 000	−27 000	−159 000
Financial Income	14 000	2 000	0	0
Financial Costs	14 000	28 000	6 000	3 000
Financial Balance	0	−26 000	−6 000	−3 000
Earnings Before Tax	−432 000	−516 000	−34 000	−163 000
Tax	0	119 000	−66 000	−35 000
Net Income	−432 000	−635 000	33 000	−128 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	861 000	409 000	708 000	53 000
Total Current Assets	3 586 000	2 760 000	1 336 000	80 000
Total Assets	4 447 000	3 169 000	2 044 000	133 000
Total Retained Equity	−1 220 000	−788 000	−153 000	−185 000
Total Equity	3 807 000	2 571 000	1 539 000	−161 000
Total Long-Term Debt	221 000	215 000	209 000	203 000
Total Current Debt	419 000	383 000	296 000	91 000
Total Equity and Debt	4 447 000	3 169 000	2 044 000	133 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	354 000	90 000	54 000	0
Other Income	2 100 000	2 458 000	828 000	75 000
Revenue	2 454 000	2 548 000	882 000	75 000
Cost of Goods Sold	3 000	83 000	5 000	170 000
Salary Costs	2 261 000	2 224 000	599 000	0
Depreciation	286 000	206 000	23 000	0
Impairment	0	0	0	0
Expenditure	2 886 000	3 037 000	910 000	235 000
Operating Profit	−432 000	−490 000	−27 000	−159 000
Financial Income	14 000	2 000	0	0
Financial Costs	14 000	28 000	6 000	3 000
Financial Balance	0	−26 000	−6 000	−3 000
Dividends	0	0	0	0
Net Income	−432 000	−635 000	33 000	−128 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	664 000	0	119 000	53 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	196 000	409 000	589 000	0
Total Tangible Assets	196 000	409 000	589 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	861 000	409 000	708 000	53 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 087 000	2 025 000	901 000	79 000
Total Current Assets	3 586 000	2 760 000	1 336 000	80 000
Total Assets	4 447 000	3 169 000	2 044 000	133 000
Total Equity	3 807 000	2 571 000	1 539 000	−161 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	221 000	215 000	209 000	203 000
Creditors	30 000	35 000	96 000	89 000
Unpaid Taxes	197 000	163 000	137 000	0
Dividends	0	0	0	0
Other Current Debt	192 000	184 000	63 000	1 000
Total Current Debt	419 000	383 000	296 000	91 000
Total Equity and Debt	4 447 000	3 169 000	2 044 000	133 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,35 %	−24,7 %	2,14 %	79,5 %
Debt-to-Equity Ratio	0,06	0,08	0,14	−1,26
Operating Profit Margin	−17,6 %	−19,23 %	−3,06 %	−212 %
Current Ratio	8,56	7,21	4,51	0,88
Quick Ratio	8,56	7,21	4,51	0,88
Equity Ratio	0,86	0,81	0,75	−1,21
Gross Profit Margin	99,88 %	96,74 %	99,43 %	−126,67 %