KVASS NORGE AS

0277 OSLO

Finances

Share Ownership

Return on Equity

−156,23 %

Current Ratio

1,04

Debt-to-Equity Ratio

2,61

Key figures (NOK)	2022	2021	2020
Revenue	18 044 000	4 537 000	855 000
Net Income	−6 929 000	−821 000	−118 000
Total Assets	27 313 000	10 370 000	3 001 000
Total Equity	4 435 000	4 052 000	−94 000

Income (NOK)	2022	2021	2020
Revenue	18 044 000	4 537 000	855 000
Expenditure	27 063 000	5 232 000	863 000
Operating Profit	−9 019 000	−695 000	−7 000
Financial Income	2 000	0	0
Financial Costs	48 000	126 000	112 000
Financial Balance	−46 000	−126 000	−112 000
Earnings Before Tax	−9 065 000	−821 000	−118 000
Tax	−2 136 000	0	0
Net Income	−6 929 000	−821 000	−118 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	15 578 000	3 606 000	1 919 000
Total Current Assets	11 736 000	6 764 000	1 082 000
Total Assets	27 313 000	10 370 000	3 001 000
Total Retained Equity	0	−940 000	−118 000
Total Equity	4 435 000	4 052 000	−94 000
Total Long-Term Debt	11 592 000	0	2 000 000
Total Current Debt	11 286 000	6 318 000	1 095 000
Total Equity and Debt	27 313 000	10 370 000	3 001 000

Cash flow (NOK)	2022	2021	2020
Sales Income	17 920 000	4 537 000	855 000
Other Income	124 000	0	0
Revenue	18 044 000	4 537 000	855 000
Cost of Goods Sold	6 890 000	156 000	247 000
Salary Costs	12 395 000	2 600 000	335 000
Depreciation	872 000	395 000	5 000
Impairment	0	0	0
Expenditure	27 063 000	5 232 000	863 000
Operating Profit	−9 019 000	−695 000	−7 000
Financial Income	2 000	0	0
Financial Costs	48 000	126 000	112 000
Financial Balance	−46 000	−126 000	−112 000
Dividends	0	0	0
Net Income	−6 929 000	−821 000	−118 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	15 215 000	3 548 000	1 881 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	18 000
Fixtures	363 000	58 000	0
Total Tangible Assets	363 000	58 000	18 000
Total Fiancial Fixed Assets	0	0	20 000
Total Fixed Assets	15 578 000	3 606 000	1 919 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 154 000	353 000	261 000
Total Current Assets	11 736 000	6 764 000	1 082 000
Total Assets	27 313 000	10 370 000	3 001 000
Total Equity	4 435 000	4 052 000	−94 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	11 592 000	0	2 000 000
Creditors	1 848 000	336 000	0
Unpaid Taxes	4 632 000	406 000	138 000
Dividends	0	0	0
Other Current Debt	2 305 000	5 576 000	957 000
Total Current Debt	11 286 000	6 318 000	1 095 000
Total Equity and Debt	27 313 000	10 370 000	3 001 000

Financial indicators	2022	2021	2020
Return on Equity	−156,23 %	−20,26 %	125,53 %
Debt-to-Equity Ratio	2,61	0	−21,28
Operating Profit Margin	−49,98 %	−15,32 %	−0,82 %
Current Ratio	1,04	1,07	0,99
Quick Ratio	1,04	1,07	0,99
Equity Ratio	0,16	0,39	−0,03
Gross Profit Margin	61,82 %	96,56 %	71,11 %