KARMSUND CONTRACTING AS

4260 TORVASTAD

Finances

Share Ownership

Return on Equity

−24,78 %

Current Ratio

1,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	58 546 000	71 196 000	64 991 000	82 151 000
Net Income	−1 560 000	2 904 000	2 900 000	1 399 000
Total Assets	19 686 000	30 391 000	25 193 000	27 794 000
Total Equity	6 295 000	6 293 000	6 288 000	4 388 000

Income (NOK)	2022	2021	2020	2019
Revenue	58 546 000	71 196 000	64 991 000	82 151 000
Expenditure	60 665 000	67 625 000	61 445 000	80 400 000
Operating Profit	−2 119 000	3 571 000	3 545 000	1 751 000
Financial Income	122 000	154 000	176 000	42 000
Financial Costs	2 000	1 000	2 000	0
Financial Balance	120 000	153 000	174 000	42 000
Earnings Before Tax	−1 999 000	3 723 000	3 718 000	1 793 000
Tax	−439 000	819 000	818 000	394 000
Net Income	−1 560 000	2 904 000	2 900 000	1 399 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	30 000	25 000	43 000	62 000
Total Current Assets	19 656 000	30 366 000	25 150 000	27 731 000
Total Assets	19 686 000	30 391 000	25 193 000	27 794 000
Total Retained Equity	3 650 000	5 210 000	5 206 000	3 305 000
Total Equity	6 295 000	6 293 000	6 288 000	4 388 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	13 390 000	24 098 000	18 905 000	23 406 000
Total Equity and Debt	19 686 000	30 391 000	25 193 000	27 794 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	58 179 000	70 506 000	64 720 000	82 044 000
Other Income	367 000	690 000	270 000	107 000
Revenue	58 546 000	71 196 000	64 991 000	82 151 000
Cost of Goods Sold	485 000	410 000	301 000	0
Salary Costs	53 673 000	59 381 000	54 655 000	71 615 000
Depreciation	13 000	18 000	18 000	18 000
Impairment	0	0	0	0
Expenditure	60 665 000	67 625 000	61 445 000	80 400 000
Operating Profit	−2 119 000	3 571 000	3 545 000	1 751 000
Financial Income	122 000	154 000	176 000	42 000
Financial Costs	2 000	1 000	2 000	0
Financial Balance	120 000	153 000	174 000	42 000
Dividends	0	2 900 000	1 000 000	0
Net Income	−1 560 000	2 904 000	2 900 000	1 399 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 000	16 000	16 000	17 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	16 000	0	0	0
Fixtures	0	9 000	27 000	45 000
Total Tangible Assets	16 000	9 000	27 000	45 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	30 000	25 000	43 000	62 000
Stock	0	0	0	0
Total Investments	0	2 000	2 000	2 000
Cash, Bank	6 294 000	7 440 000	4 739 000	2 837 000
Total Current Assets	19 656 000	30 366 000	25 150 000	27 731 000
Total Assets	19 686 000	30 391 000	25 193 000	27 794 000
Total Equity	6 295 000	6 293 000	6 288 000	4 388 000
Short-Term Group Debt	0	3 845 000	553 000	2 409 000
Total Long-Term Debt	0	0	0	0
Creditors	2 552 000	1 176 000	894 000	335 000
Unpaid Taxes	3 476 000	6 103 000	6 306 000	7 847 000
Dividends	0	2 900 000	1 000 000	0
Other Current Debt	7 363 000	12 155 000	10 335 000	12 423 000
Total Current Debt	13 390 000	24 098 000	18 905 000	23 406 000
Total Equity and Debt	19 686 000	30 391 000	25 193 000	27 794 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−24,78 %	46,15 %	46,12 %	31,88 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−3,62 %	5,02 %	5,45 %	2,13 %
Current Ratio	1,47	1,26	1,33	1,18
Quick Ratio	1,47	1,26	1,33	1,18
Equity Ratio	0,32	0,21	0,25	0,16
Gross Profit Margin	99,17 %	99,42 %	99,54 %	100 %