KELVIN AS

1337 SANDVIKA

Finances

Return on Equity

42,34 %

Current Ratio

1,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	351 990 000	281 710 000	244 019 000	249 353 000
Net Income	7 895 000	6 305 000	5 003 000	3 413 000
Total Assets	96 108 000	86 770 000	77 413 000	54 748 000
Total Equity	18 645 000	16 276 000	14 970 000	14 967 000

Income (NOK)	2022	2021	2020	2019
Revenue	351 990 000	281 710 000	244 019 000	249 353 000
Expenditure	341 763 000	273 625 000	237 508 000	244 535 000
Operating Profit	10 226 000	8 086 000	6 512 000	4 817 000
Financial Income	58 000	86 000	56 000	161 000
Financial Costs	136 000	87 000	151 000	567 000
Financial Balance	−78 000	−1 000	−95 000	−406 000
Earnings Before Tax	10 148 000	8 084 000	6 418 000	4 411 000
Tax	2 253 000	1 779 000	1 415 000	997 000
Net Income	7 895 000	6 305 000	5 003 000	3 413 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 064 000	805 000	823 000	682 000
Total Current Assets	95 044 000	85 965 000	76 590 000	54 066 000
Total Assets	96 108 000	86 770 000	77 413 000	54 748 000
Total Retained Equity	16 645 000	14 276 000	12 970 000	12 967 000
Total Equity	18 645 000	16 276 000	14 970 000	14 967 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	77 463 000	70 494 000	62 443 000	39 781 000
Total Equity and Debt	96 108 000	86 770 000	77 413 000	54 748 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	350 932 000	281 747 000	244 019 000	249 353 000
Other Income	1 058 000	−37 000	1 000	0
Revenue	351 990 000	281 710 000	244 019 000	249 353 000
Cost of Goods Sold	306 642 000	244 250 000	212 816 000	220 071 000
Salary Costs	24 047 000	19 971 000	16 267 000	15 156 000
Depreciation	326 000	293 000	319 000	247 000
Impairment	0	0	0	0
Expenditure	341 763 000	273 625 000	237 508 000	244 535 000
Operating Profit	10 226 000	8 086 000	6 512 000	4 817 000
Financial Income	58 000	86 000	56 000	161 000
Financial Costs	136 000	87 000	151 000	567 000
Financial Balance	−78 000	−1 000	−95 000	−406 000
Dividends	5 525 000	5 000 000	5 000 000	0
Net Income	7 895 000	6 305 000	5 003 000	3 413 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	268 000	223 000	185 000	176 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	295 000	0	0	0
Fixtures	501 000	582 000	638 000	506 000
Total Tangible Assets	796 000	582 000	638 000	506 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 064 000	805 000	823 000	682 000
Stock	7 065 000	13 461 000	4 444 000	7 077 000
Total Investments	171 000	178 000	145 000	137 000
Cash, Bank	26 704 000	27 893 000	18 282 000	9 327 000
Total Current Assets	95 044 000	85 965 000	76 590 000	54 066 000
Total Assets	96 108 000	86 770 000	77 413 000	54 748 000
Total Equity	18 645 000	16 276 000	14 970 000	14 967 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	43 135 000	42 488 000	33 128 000	28 179 000
Unpaid Taxes	13 484 000	8 692 000	9 004 000	6 777 000
Dividends	5 525 000	5 000 000	5 000 000	0
Other Current Debt	13 021 000	12 498 000	13 886 000	3 822 000
Total Current Debt	77 463 000	70 494 000	62 443 000	39 781 000
Total Equity and Debt	96 108 000	86 770 000	77 413 000	54 748 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,34 %	38,74 %	33,42 %	22,8 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,91 %	2,87 %	2,67 %	1,93 %
Current Ratio	1,23	1,22	1,23	1,36
Quick Ratio	1,35	1,51	1,32	1,65
Equity Ratio	0,19	0,19	0,19	0,27
Gross Profit Margin	12,88 %	13,3 %	12,79 %	11,74 %