Kvassheim Elektro AS

5067 BERGEN

Finances

Return on Equity

13,16 %

Current Ratio

1,35

Debt-to-Equity Ratio

0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 531 000	24 645 000	21 934 000	23 993 000
Net Income	382 000	1 608 000	849 000	812 000
Total Assets	9 458 000	9 005 000	7 973 000	8 653 000
Total Equity	2 902 000	2 521 000	2 113 000	2 064 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 531 000	24 645 000	21 934 000	23 993 000
Expenditure	21 070 000	22 614 000	20 866 000	22 939 000
Operating Profit	461 000	2 030 000	1 069 000	1 054 000
Financial Income	98 000	80 000	83 000	77 000
Financial Costs	84 000	65 000	77 000	103 000
Financial Balance	14 000	15 000	6 000	−26 000
Earnings Before Tax	474 000	2 045 000	1 074 000	1 027 000
Tax	92 000	438 000	226 000	216 000
Net Income	382 000	1 608 000	849 000	812 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 260 000	1 699 000	1 508 000	1 449 000
Total Current Assets	7 198 000	7 305 000	6 465 000	7 204 000
Total Assets	9 458 000	9 005 000	7 973 000	8 653 000
Total Retained Equity	2 446 000	2 064 000	1 656 000	1 608 000
Total Equity	2 902 000	2 521 000	2 113 000	2 064 000
Total Long-Term Debt	1 241 000	716 000	735 000	830 000
Total Current Debt	5 315 000	5 768 000	5 125 000	5 759 000
Total Equity and Debt	9 458 000	9 005 000	7 973 000	8 653 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 076 000	24 233 000	21 934 000	23 929 000
Other Income	455 000	411 000	0	64 000
Revenue	21 531 000	24 645 000	21 934 000	23 993 000
Cost of Goods Sold	7 637 000	8 401 000	7 430 000	8 252 000
Salary Costs	9 600 000	10 968 000	10 218 000	11 018 000
Depreciation	141 000	154 000	144 000	157 000
Impairment	0	0	0	0
Expenditure	21 070 000	22 614 000	20 866 000	22 939 000
Operating Profit	461 000	2 030 000	1 069 000	1 054 000
Financial Income	98 000	80 000	83 000	77 000
Financial Costs	84 000	65 000	77 000	103 000
Financial Balance	14 000	15 000	6 000	−26 000
Dividends	0	1 200 000	800 000	800 000
Net Income	382 000	1 608 000	849 000	812 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 120 000	583 000	715 000	795 000
Total Tangible Assets	1 120 000	583 000	715 000	795 000
Total Fiancial Fixed Assets	1 141 000	1 117 000	793 000	654 000
Total Fixed Assets	2 260 000	1 699 000	1 508 000	1 449 000
Stock	1 171 000	1 280 000	1 213 000	1 108 000
Total Investments	0	0	0	0
Cash, Bank	2 013 000	2 157 000	2 168 000	1 649 000
Total Current Assets	7 198 000	7 305 000	6 465 000	7 204 000
Total Assets	9 458 000	9 005 000	7 973 000	8 653 000
Total Equity	2 902 000	2 521 000	2 113 000	2 064 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 241 000	716 000	735 000	830 000
Creditors	2 202 000	1 190 000	1 447 000	1 784 000
Unpaid Taxes	1 573 000	1 697 000	1 507 000	1 557 000
Dividends	0	1 200 000	800 000	800 000
Other Current Debt	1 478 000	2 507 000	1 929 000	2 190 000
Total Current Debt	5 315 000	5 768 000	5 125 000	5 759 000
Total Equity and Debt	9 458 000	9 005 000	7 973 000	8 653 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,16 %	63,78 %	40,18 %	39,34 %
Debt-to-Equity Ratio	0,43	0,28	0,35	0,4
Operating Profit Margin	2,14 %	8,24 %	4,87 %	4,39 %
Current Ratio	1,35	1,27	1,26	1,25
Quick Ratio	1,74	1,63	1,65	1,55
Equity Ratio	0,31	0,28	0,27	0,24
Gross Profit Margin	64,53 %	65,91 %	66,13 %	65,61 %