KRINGELEN MASKINSERVICE AS

8404 SORTLAND

Finances

Share Ownership

Return on Equity

15,88 %

Current Ratio

1,08

Debt-to-Equity Ratio

0,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 846 000	5 228 000	4 322 000	527 000
Net Income	47 000	45 000	252 000	21 000
Total Assets	2 456 000	1 895 000	1 120 000	242 000
Total Equity	296 000	249 000	204 000	51 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 846 000	5 228 000	4 322 000	527 000
Expenditure	5 627 000	5 128 000	3 973 000	500 000
Operating Profit	219 000	99 000	349 000	28 000
Financial Income	1 000	0	0	0
Financial Costs	147 000	39 000	23 000	0
Financial Balance	−146 000	−39 000	−23 000	0
Earnings Before Tax	72 000	60 000	325 000	28 000
Tax	25 000	14 000	73 000	6 000
Net Income	47 000	45 000	252 000	21 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	418 000	628 000	271 000	0
Total Current Assets	2 038 000	1 267 000	849 000	242 000
Total Assets	2 456 000	1 895 000	1 120 000	242 000
Total Retained Equity	266 000	219 000	174 000	21 000
Total Equity	296 000	249 000	204 000	51 000
Total Long-Term Debt	278 000	417 000	229 000	0
Total Current Debt	1 881 000	1 229 000	687 000	190 000
Total Equity and Debt	2 456 000	1 895 000	1 120 000	242 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 785 000	4 940 000	4 322 000	527 000
Other Income	61 000	287 000	0	0
Revenue	5 846 000	5 228 000	4 322 000	527 000
Cost of Goods Sold	1 253 000	935 000	1 271 000	60 000
Salary Costs	2 422 000	2 394 000	1 309 000	228 000
Depreciation	148 000	89 000	48 000	0
Impairment	0	0	0	0
Expenditure	5 627 000	5 128 000	3 973 000	500 000
Operating Profit	219 000	99 000	349 000	28 000
Financial Income	1 000	0	0	0
Financial Costs	147 000	39 000	23 000	0
Financial Balance	−146 000	−39 000	−23 000	0
Dividends	0	0	100 000	0
Net Income	47 000	45 000	252 000	21 000

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	102 000	158 000	0	0
Fixtures	316 000	470 000	271 000	0
Total Tangible Assets	418 000	628 000	271 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	418 000	628 000	271 000	0
Stock	545 000	222 000	85 000	31 000
Total Investments	0	0	0	0
Cash, Bank	100 000	0	287 000	104 000
Total Current Assets	2 038 000	1 267 000	849 000	242 000
Total Assets	2 456 000	1 895 000	1 120 000	242 000
Total Equity	296 000	249 000	204 000	51 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	278 000	417 000	229 000	0
Creditors	928 000	610 000	161 000	110 000
Unpaid Taxes	96 000	320 000	215 000	51 000
Dividends	0	0	100 000	0
Other Current Debt	451 000	299 000	145 000	23 000
Total Current Debt	1 881 000	1 229 000	687 000	190 000
Total Equity and Debt	2 456 000	1 895 000	1 120 000	242 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,88 %	18,07 %	123,53 %	41,18 %
Debt-to-Equity Ratio	0,94	1,67	1,12	0
Operating Profit Margin	3,75 %	1,89 %	8,07 %	5,31 %
Current Ratio	1,08	1,03	1,24	1,27
Quick Ratio	1,53	1,26	1,41	1,52
Equity Ratio	0,12	0,13	0,18	0,21
Gross Profit Margin	78,57 %	82,12 %	70,59 %	88,61 %