KVIST SOLUTIONS AS

0357 OSLO

Finances

Share Ownership

Return on Equity

−335,73 %

Current Ratio

2,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	2 518 000	1 051 000	221 000
Net Income	−4 116 000	−218 000	27 000
Total Assets	2 176 000	5 010 000	60 000
Total Equity	1 226 000	−157 000	52 000

Income (NOK)	2022	2021	2020
Revenue	2 518 000	1 051 000	221 000
Expenditure	6 633 000	1 267 000	186 000
Operating Profit	−4 116 000	−217 000	35 000
Financial Income	2 000	0	0
Financial Costs	2 000	2 000	0
Financial Balance	0	−2 000	0
Earnings Before Tax	−4 116 000	−219 000	35 000
Tax	0	−1 000	8 000
Net Income	−4 116 000	−218 000	27 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	178 000	0	0
Total Current Assets	1 998 000	5 010 000	60 000
Total Assets	2 176 000	5 010 000	60 000
Total Retained Equity	−4 307 000	−191 000	27 000
Total Equity	1 226 000	−157 000	52 000
Total Long-Term Debt	0	5 000 000	0
Total Current Debt	950 000	168 000	8 000
Total Equity and Debt	2 176 000	5 010 000	60 000

Cash flow (NOK)	2022	2021	2020
Sales Income	706 000	408 000	0
Other Income	1 812 000	643 000	221 000
Revenue	2 518 000	1 051 000	221 000
Cost of Goods Sold	0	42 000	113 000
Salary Costs	4 293 000	633 000	3 000
Depreciation	22 000	0	0
Impairment	0	0	0
Expenditure	6 633 000	1 267 000	186 000
Operating Profit	−4 116 000	−217 000	35 000
Financial Income	2 000	0	0
Financial Costs	2 000	2 000	0
Financial Balance	0	−2 000	0
Dividends	0	0	0
Net Income	−4 116 000	−218 000	27 000

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	178 000	0	0
Total Tangible Assets	178 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	178 000	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 579 000	4 853 000	60 000
Total Current Assets	1 998 000	5 010 000	60 000
Total Assets	2 176 000	5 010 000	60 000
Total Equity	1 226 000	−157 000	52 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	5 000 000	0
Creditors	101 000	57 000	0
Unpaid Taxes	404 000	46 000	0
Dividends	0	0	0
Other Current Debt	445 000	65 000	0
Total Current Debt	950 000	168 000	8 000
Total Equity and Debt	2 176 000	5 010 000	60 000

Financial indicators	2022	2021	2020
Return on Equity	−335,73 %	138,85 %	51,92 %
Debt-to-Equity Ratio	0	−31,85	0
Operating Profit Margin	−163,46 %	−20,65 %	15,84 %
Current Ratio	2,1	29,82	7,5
Quick Ratio	2,1	29,82	7,5
Equity Ratio	0,56	−0,03	0,87
Gross Profit Margin	100 %	96 %	48,87 %