KJELL ERIK ÅSVESTAD AS

1821 SPYDEBERG

Finances

Share Ownership

Return on Equity

−2,76 %

Current Ratio

0,77

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2021	2020	2019	2018
Revenue	8 197 000	7 559 000	2 346 000	2 263 000
Net Income	−91 000	164 000	−77 000	10 000
Total Assets	6 941 000	5 021 000	1 023 000	1 048 000
Total Equity	3 292 000	3 383 000	188 000	264 000

Income (NOK)	2021	2020	2019	2018
Revenue	8 197 000	7 559 000	2 346 000	2 263 000
Expenditure	8 262 000	7 426 000	2 407 000	2 229 000
Operating Profit	−65 000	134 000	−61 000	35 000
Financial Income	9 000	3 000	0	0
Financial Costs	61 000	36 000	38 000	22 000
Financial Balance	−52 000	−33 000	−38 000	−22 000
Earnings Before Tax	−117 000	101 000	−98 000	13 000
Tax	−26 000	−63 000	−22 000	3 000
Net Income	−91 000	164 000	−77 000	10 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	4 399 000	1 449 000	411 000	321 000
Total Current Assets	2 542 000	3 571 000	612 000	727 000
Total Assets	6 941 000	5 021 000	1 023 000	1 048 000
Total Retained Equity	2 938 000	3 029 000	−66 000	10 000
Total Equity	3 292 000	3 383 000	188 000	264 000
Total Long-Term Debt	365 000	406 000	445 000	485 000
Total Current Debt	3 284 000	1 231 000	390 000	300 000
Total Equity and Debt	6 941 000	5 021 000	1 023 000	1 048 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	7 493 000	5 743 000	2 210 000	2 263 000
Other Income	704 000	1 816 000	136 000	0
Revenue	8 197 000	7 559 000	2 346 000	2 263 000
Cost of Goods Sold	1 310 000	1 273 000	204 000	732 000
Salary Costs	2 589 000	1 967 000	673 000	539 000
Depreciation	164 000	52 000	64 000	4 000
Impairment	0	0	0	0
Expenditure	8 262 000	7 426 000	2 407 000	2 229 000
Operating Profit	−65 000	134 000	−61 000	35 000
Financial Income	9 000	3 000	0	0
Financial Costs	61 000	36 000	38 000	22 000
Financial Balance	−52 000	−33 000	−38 000	−22 000
Dividends	0	0	0	0
Net Income	−91 000	164 000	−77 000	10 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	107 000	82 000	19 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 148 000	1 367 000	393 000	243 000
Fixtures	0	0	0	0
Total Tangible Assets	2 148 000	1 367 000	393 000	243 000
Total Fiancial Fixed Assets	2 143 000	0	0	78 000
Total Fixed Assets	4 399 000	1 449 000	411 000	321 000
Stock	1 353 000	446 000	0	0
Total Investments	0	0	0	0
Cash, Bank	47 000	230 000	67 000	7 000
Total Current Assets	2 542 000	3 571 000	612 000	727 000
Total Assets	6 941 000	5 021 000	1 023 000	1 048 000
Total Equity	3 292 000	3 383 000	188 000	264 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	365 000	406 000	445 000	485 000
Creditors	1 456 000	606 000	207 000	154 000
Unpaid Taxes	304 000	381 000	121 000	96 000
Dividends	0	0	0	0
Other Current Debt	1 036 000	244 000	63 000	50 000
Total Current Debt	3 284 000	1 231 000	390 000	300 000
Total Equity and Debt	6 941 000	5 021 000	1 023 000	1 048 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−2,76 %	4,85 %	−40,96 %	3,79 %
Debt-to-Equity Ratio	0,11	0,12	2,37	1,84
Operating Profit Margin	−0,79 %	1,77 %	−2,6 %	1,55 %
Current Ratio	0,77	2,9	1,57	2,42
Quick Ratio	1,32	4,55	1,57	2,42
Equity Ratio	0,47	0,67	0,18	0,25
Gross Profit Margin	84,02 %	83,16 %	91,3 %	67,65 %