KVARVÅSEN AS

3855 TREUNGEN

Finances

Share Ownership

Return on Equity

22,32 %

Current Ratio

2,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 090 000	5 804 000	1 865 000	0
Net Income	640 000	1 437 000	529 000	−16 000
Total Assets	5 487 000	7 383 000	1 842 000	278 000
Total Equity	2 868 000	2 228 000	791 000	262 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 090 000	5 804 000	1 865 000	0
Expenditure	5 203 000	3 964 000	1 197 000	16 000
Operating Profit	887 000	1 840 000	668 000	−16 000
Financial Income	1 000	2 000	0	0
Financial Costs	67 000	0	0	0
Financial Balance	−66 000	2 000	0	0
Earnings Before Tax	821 000	1 842 000	668 000	−16 000
Tax	181 000	405 000	139 000	0
Net Income	640 000	1 437 000	529 000	−16 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	5 487 000	7 383 000	1 842 000	278 000
Total Assets	5 487 000	7 383 000	1 842 000	278 000
Total Retained Equity	2 568 000	1 950 000	513 000	−16 000
Total Equity	2 868 000	2 228 000	791 000	262 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 619 000	5 155 000	1 050 000	16 000
Total Equity and Debt	5 487 000	7 383 000	1 842 000	278 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 090 000	5 804 000	1 865 000	0
Other Income	0	0	0	0
Revenue	6 090 000	5 804 000	1 865 000	0
Cost of Goods Sold	5 032 000	3 825 000	539 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	5 203 000	3 964 000	1 197 000	16 000
Operating Profit	887 000	1 840 000	668 000	−16 000
Financial Income	1 000	2 000	0	0
Financial Costs	67 000	0	0	0
Financial Balance	−66 000	2 000	0	0
Dividends	0	0	0	0
Net Income	640 000	1 437 000	529 000	−16 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	5 487 000	1 800 000	430 000	49 000
Total Investments	0	0	0	0
Cash, Bank	0	2 161 000	788 000	169 000
Total Current Assets	5 487 000	7 383 000	1 842 000	278 000
Total Assets	5 487 000	7 383 000	1 842 000	278 000
Total Equity	2 868 000	2 228 000	791 000	262 000
Short-Term Group Debt	0	176 000	6 000	6 000
Total Long-Term Debt	0	0	0	0
Creditors	1 186 000	1 570 000	0	10 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	3 004 000	906 000	0
Total Current Debt	2 619 000	5 155 000	1 050 000	16 000
Total Equity and Debt	5 487 000	7 383 000	1 842 000	278 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,32 %	64,5 %	66,88 %	−6,11 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,56 %	31,7 %	35,82 %	-
Current Ratio	2,1	1,43	1,75	17,38
Quick Ratio	−1,91	2,2	2,97	−8,42
Equity Ratio	0,52	0,3	0,43	0,94
Gross Profit Margin	17,37 %	34,1 %	71,1 %	-