QORBAN STEIN SOLID AS

4846 ARENDAL

Finances

Share Ownership

Return on Equity

45,45 %

Current Ratio

0,83

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020
Revenue	1 845 000	1 284 000	91 000
Net Income	145 000	239 000	5 000
Total Assets	549 000	458 000	79 000
Total Equity	319 000	274 000	35 000

Income (NOK)	2022	2021	2020
Revenue	1 845 000	1 284 000	91 000
Expenditure	1 659 000	976 000	86 000
Operating Profit	186 000	308 000	5 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	186 000	308 000	5 000
Tax	41 000	69 000	0
Net Income	145 000	239 000	5 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	365 000	279 000	44 000
Total Current Assets	184 000	179 000	35 000
Total Assets	549 000	458 000	79 000
Total Retained Equity	289 000	244 000	5 000
Total Equity	319 000	274 000	35 000
Total Long-Term Debt	10 000	9 000	0
Total Current Debt	221 000	175 000	44 000
Total Equity and Debt	549 000	458 000	79 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 845 000	1 284 000	91 000
Other Income	0	0	0
Revenue	1 845 000	1 284 000	91 000
Cost of Goods Sold	559 000	309 000	10 000
Salary Costs	603 000	358 000	0
Depreciation	74 000	34 000	0
Impairment	0	0	0
Expenditure	1 659 000	976 000	86 000
Operating Profit	186 000	308 000	5 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	100 000	0	0
Net Income	145 000	239 000	5 000

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	209 000	79 000	0
Fixtures	156 000	200 000	44 000
Total Tangible Assets	365 000	279 000	44 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	365 000	279 000	44 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	166 000	167 000	34 000
Total Current Assets	184 000	179 000	35 000
Total Assets	549 000	458 000	79 000
Total Equity	319 000	274 000	35 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	10 000	9 000	0
Creditors	53 000	10 000	6 000
Unpaid Taxes	46 000	47 000	2 000
Dividends	100 000	0	0
Other Current Debt	82 000	58 000	36 000
Total Current Debt	221 000	175 000	44 000
Total Equity and Debt	549 000	458 000	79 000

Financial indicators	2022	2021	2020
Return on Equity	45,45 %	87,23 %	14,29 %
Debt-to-Equity Ratio	0,03	0,03	0
Operating Profit Margin	10,08 %	23,99 %	5,49 %
Current Ratio	0,83	1,02	0,8
Quick Ratio	0,83	1,02	0,8
Equity Ratio	0,58	0,6	0,44
Gross Profit Margin	69,7 %	75,93 %	89,01 %