POWAFA AS

4480 KVINESDAL

Finances

Return on Equity

0,56 %

Current Ratio

0,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 801 000	2 549 000	590 000
Net Income	2 000	269 000	52 000
Total Assets	933 000	864 000	153 000
Total Equity	354 000	352 000	82 000

Income (NOK)	2022	2021	2020
Revenue	1 801 000	2 549 000	590 000
Expenditure	1 786 000	2 188 000	522 000
Operating Profit	16 000	361 000	67 000
Financial Income	0	0	0
Financial Costs	13 000	8 000	0
Financial Balance	−13 000	−8 000	0
Earnings Before Tax	3 000	353 000	67 000
Tax	1 000	84 000	15 000
Net Income	2 000	269 000	52 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	560 000	430 000	0
Total Current Assets	373 000	434 000	153 000
Total Assets	933 000	864 000	153 000
Total Retained Equity	324 000	322 000	52 000
Total Equity	354 000	352 000	82 000
Total Long-Term Debt	0	0	0
Total Current Debt	579 000	512 000	71 000
Total Equity and Debt	933 000	864 000	153 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 671 000	2 549 000	590 000
Other Income	130 000	0	0
Revenue	1 801 000	2 549 000	590 000
Cost of Goods Sold	511 000	970 000	373 000
Salary Costs	1 124 000	1 062 000	83 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	1 786 000	2 188 000	522 000
Operating Profit	16 000	361 000	67 000
Financial Income	0	0	0
Financial Costs	13 000	8 000	0
Financial Balance	−13 000	−8 000	0
Dividends	0	0	0
Net Income	2 000	269 000	52 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	560 000	430 000	0
Total Fixed Assets	560 000	430 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	39 000	41 000	48 000
Total Current Assets	373 000	434 000	153 000
Total Assets	933 000	864 000	153 000
Total Equity	354 000	352 000	82 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	59 000	47 000	1 000
Unpaid Taxes	144 000	127 000	45 000
Dividends	0	0	0
Other Current Debt	375 000	255 000	10 000
Total Current Debt	579 000	512 000	71 000
Total Equity and Debt	933 000	864 000	153 000

Financial indicators	2022	2021	2020
Return on Equity	0,56 %	76,42 %	63,41 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	0,89 %	14,16 %	11,36 %
Current Ratio	0,64	0,85	2,15
Quick Ratio	0,64	0,85	2,15
Equity Ratio	0,38	0,41	0,54
Gross Profit Margin	71,63 %	61,95 %	36,78 %