KANDI AS

5363 ÅGOTNES

Finances

Share Ownership

Return on Equity

55,32 %

Current Ratio

1,37

Debt-to-Equity Ratio

2,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 620 000	1 959 000	1 988 000	1 637 000
Net Income	130 000	75 000	65 000	−50 000
Total Assets	1 141 000	774 000	760 000	420 000
Total Equity	235 000	105 000	30 000	−36 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 620 000	1 959 000	1 988 000	1 637 000
Expenditure	2 438 000	1 851 000	1 893 000	1 697 000
Operating Profit	182 000	108 000	95 000	−59 000
Financial Income	1 000	0	0	0
Financial Costs	15 000	12 000	12 000	5 000
Financial Balance	−14 000	−12 000	−12 000	−5 000
Earnings Before Tax	167 000	96 000	84 000	−64 000
Tax	37 000	21 000	18 000	−14 000
Net Income	130 000	75 000	65 000	−50 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	560 000	274 000	342 000	63 000
Total Current Assets	581 000	499 000	418 000	357 000
Total Assets	1 141 000	774 000	760 000	420 000
Total Retained Equity	205 000	75 000	7 000	−58 000
Total Equity	235 000	105 000	30 000	−36 000
Total Long-Term Debt	481 000	219 000	266 000	37 000
Total Current Debt	425 000	450 000	464 000	418 000
Total Equity and Debt	1 141 000	774 000	760 000	420 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 620 000	1 959 000	1 988 000	1 637 000
Other Income	0	0	0	0
Revenue	2 620 000	1 959 000	1 988 000	1 637 000
Cost of Goods Sold	328 000	2 000	130 000	231 000
Salary Costs	1 496 000	1 340 000	1 336 000	1 089 000
Depreciation	61 000	68 000	51 000	22 000
Impairment	0	0	0	0
Expenditure	2 438 000	1 851 000	1 893 000	1 697 000
Operating Profit	182 000	108 000	95 000	−59 000
Financial Income	1 000	0	0	0
Financial Costs	15 000	12 000	12 000	5 000
Financial Balance	−14 000	−12 000	−12 000	−5 000
Dividends	0	0	0	0
Net Income	130 000	75 000	65 000	−50 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	19 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	552 000	274 000	342 000	44 000
Total Tangible Assets	552 000	274 000	342 000	44 000
Total Fiancial Fixed Assets	9 000	0	0	0
Total Fixed Assets	560 000	274 000	342 000	63 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	340 000	222 000	224 000	197 000
Total Current Assets	581 000	499 000	418 000	357 000
Total Assets	1 141 000	774 000	760 000	420 000
Total Equity	235 000	105 000	30 000	−36 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	481 000	219 000	266 000	37 000
Creditors	12 000	35 000	18 000	16 000
Unpaid Taxes	109 000	145 000	143 000	142 000
Dividends	0	0	0	0
Other Current Debt	284 000	259 000	303 000	261 000
Total Current Debt	425 000	450 000	464 000	418 000
Total Equity and Debt	1 141 000	774 000	760 000	420 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,32 %	71,43 %	216,67 %	138,89 %
Debt-to-Equity Ratio	2,05	2,09	8,87	−1,03
Operating Profit Margin	6,95 %	5,51 %	4,78 %	−3,6 %
Current Ratio	1,37	1,11	0,9	0,85
Quick Ratio	1,37	1,11	0,9	0,85
Equity Ratio	0,21	0,14	0,04	−0,09
Gross Profit Margin	87,48 %	99,9 %	93,46 %	85,89 %