KVELDRO AS

6010 ÅLESUND

Finances

Share Ownership

Return on Equity

68,18 %

Current Ratio

Debt-to-Equity Ratio

2,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 339 000	2 667 000	0	207 000
Net Income	1 228 000	1 109 000	−293 000	69 000
Total Assets	31 963 000	32 542 000	27 476 000	5 698 000
Total Equity	1 801 000	1 743 000	1 645 000	1 572 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 339 000	2 667 000	0	207 000
Expenditure	1 009 000	877 000	197 000	119 000
Operating Profit	2 330 000	1 789 000	−197 000	87 000
Financial Income	0	0	4 000	1 000
Financial Costs	755 000	367 000	183 000	0
Financial Balance	−755 000	−367 000	−179 000	1 000
Earnings Before Tax	1 575 000	1 422 000	−375 000	88 000
Tax	346 000	313 000	−83 000	19 000
Net Income	1 228 000	1 109 000	−293 000	69 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	31 874 000	32 532 000	26 295 000	4 913 000
Total Current Assets	89 000	10 000	1 181 000	785 000
Total Assets	31 963 000	32 542 000	27 476 000	5 698 000
Total Retained Equity	985 000	927 000	830 000	1 122 000
Total Equity	1 801 000	1 743 000	1 645 000	1 572 000
Total Long-Term Debt	5 304 000	3 816 000	4 186 000	3 686 000
Total Current Debt	24 858 000	26 984 000	21 645 000	440 000
Total Equity and Debt	31 963 000	32 542 000	27 476 000	5 698 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	3 339 000	2 667 000	0	207 000
Revenue	3 339 000	2 667 000	0	207 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	658 000	548 000	0	0
Impairment	0	0	0	0
Expenditure	1 009 000	877 000	197 000	119 000
Operating Profit	2 330 000	1 789 000	−197 000	87 000
Financial Income	0	0	4 000	1 000
Financial Costs	755 000	367 000	183 000	0
Financial Balance	−755 000	−367 000	−179 000	1 000
Dividends	0	0	0	0
Net Income	1 228 000	1 109 000	−293 000	69 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	31 874 000	32 532 000	26 295 000	4 810 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	102 000
Total Tangible Assets	31 874 000	32 532 000	26 295 000	4 913 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	31 874 000	32 532 000	26 295 000	4 913 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	747 000
Total Current Assets	89 000	10 000	1 181 000	785 000
Total Assets	31 963 000	32 542 000	27 476 000	5 698 000
Total Equity	1 801 000	1 743 000	1 645 000	1 572 000
Short-Term Group Debt	24 826 000	0	0	385 000
Total Long-Term Debt	5 304 000	3 816 000	4 186 000	3 686 000
Creditors	2 000	25 000	0	5 000
Unpaid Taxes	0	128 000	0	0
Dividends	0	0	0	0
Other Current Debt	29 000	4 491 000	0	50 000
Total Current Debt	24 858 000	26 984 000	21 645 000	440 000
Total Equity and Debt	31 963 000	32 542 000	27 476 000	5 698 000

Financial indicators	2022	2021	2020	2019
Return on Equity	68,18 %	63,63 %	−17,81 %	4,39 %
Debt-to-Equity Ratio	2,95	2,19	2,54	2,34
Operating Profit Margin	69,78 %	67,08 %	-	42,03 %
Current Ratio	0	0	0,05	1,78
Quick Ratio	0	0	0,05	1,78
Equity Ratio	0,06	0,05	0,06	0,28
Gross Profit Margin	100 %	100 %	-	100 %