KAIZEN INSTITUTE NORWAY AS

4841 ARENDAL

Finances

Share Ownership

Return on Equity

58,04 %

Current Ratio

1,39

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 989 000	3 456 000	4 262 000	9 074 000
Net Income	260 000	460 000	84 000	81 000
Total Assets	1 557 000	1 775 000	1 170 000	1 870 000
Total Equity	448 000	649 000	189 000	105 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 989 000	3 456 000	4 262 000	9 074 000
Expenditure	3 672 000	2 828 000	4 182 000	8 949 000
Operating Profit	317 000	629 000	81 000	125 000
Financial Income	78 000	0	35 000	2 000
Financial Costs	62 000	32 000	5 000	12 000
Financial Balance	16 000	−32 000	30 000	−10 000
Earnings Before Tax	333 000	596 000	111 000	115 000
Tax	73 000	137 000	27 000	34 000
Net Income	260 000	460 000	84 000	81 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	0	0	0
Total Current Assets	1 541 000	1 775 000	1 170 000	1 870 000
Total Assets	1 557 000	1 775 000	1 170 000	1 870 000
Total Retained Equity	418 000	619 000	159 000	75 000
Total Equity	448 000	649 000	189 000	105 000
Total Long-Term Debt	0	0	121 000	124 000
Total Current Debt	1 109 000	1 126 000	860 000	1 641 000
Total Equity and Debt	1 557 000	1 775 000	1 170 000	1 870 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 989 000	3 456 000	4 218 000	9 074 000
Other Income	0	0	45 000	0
Revenue	3 989 000	3 456 000	4 262 000	9 074 000
Cost of Goods Sold	1 450 000	1 606 000	1 684 000	4 493 000
Salary Costs	682 000	1 009 000	1 483 000	3 227 000
Depreciation	6 000	0	0	0
Impairment	0	0	0	0
Expenditure	3 672 000	2 828 000	4 182 000	8 949 000
Operating Profit	317 000	629 000	81 000	125 000
Financial Income	78 000	0	35 000	2 000
Financial Costs	62 000	32 000	5 000	12 000
Financial Balance	16 000	−32 000	30 000	−10 000
Dividends	0	0	0	0
Net Income	260 000	460 000	84 000	81 000

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	16 000	0	0	0
Total Tangible Assets	16 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	47 000	175 000	57 000	488 000
Total Current Assets	1 541 000	1 775 000	1 170 000	1 870 000
Total Assets	1 557 000	1 775 000	1 170 000	1 870 000
Total Equity	448 000	649 000	189 000	105 000
Short-Term Group Debt	0	0	0	294 000
Total Long-Term Debt	0	0	121 000	124 000
Creditors	702 000	433 000	111 000	653 000
Unpaid Taxes	136 000	319 000	373 000	357 000
Dividends	0	0	0	0
Other Current Debt	198 000	236 000	347 000	307 000
Total Current Debt	1 109 000	1 126 000	860 000	1 641 000
Total Equity and Debt	1 557 000	1 775 000	1 170 000	1 870 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,04 %	70,88 %	44,44 %	77,14 %
Debt-to-Equity Ratio	0	0	0,64	1,18
Operating Profit Margin	7,95 %	18,2 %	1,9 %	1,38 %
Current Ratio	1,39	1,58	1,36	1,14
Quick Ratio	1,39	1,58	1,36	1,14
Equity Ratio	0,29	0,37	0,16	0,06
Gross Profit Margin	63,65 %	53,53 %	60,49 %	50,48 %