KVERNEVIK ENGINEERING AS

6823 SANDANE

Finances

Return on Equity

−51,82 %

Current Ratio

0,92

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 037 000	763 000	402 000	582 000
Net Income	−114 000	229 000	−68 000	46 000
Total Assets	723 000	631 000	543 000	466 000
Total Equity	220 000	335 000	106 000	174 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 037 000	763 000	402 000	582 000
Expenditure	1 115 000	531 000	452 000	514 000
Operating Profit	−77 000	233 000	−50 000	68 000
Financial Income	0	3 000	0	0
Financial Costs	37 000	7 000	17 000	22 000
Financial Balance	−37 000	−4 000	−17 000	−22 000
Earnings Before Tax	−114 000	229 000	−68 000	46 000
Tax	0	0	0	0
Net Income	−114 000	229 000	−68 000	46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	258 000	163 000	171 000	66 000
Total Current Assets	465 000	468 000	372 000	400 000
Total Assets	723 000	631 000	543 000	466 000
Total Retained Equity	−90 000	25 000	−204 000	−136 000
Total Equity	220 000	335 000	106 000	174 000
Total Long-Term Debt	0	0	49 000	54 000
Total Current Debt	503 000	296 000	388 000	239 000
Total Equity and Debt	723 000	631 000	543 000	466 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 016 000	780 000	305 000	605 000
Other Income	21 000	−17 000	97 000	−23 000
Revenue	1 037 000	763 000	402 000	582 000
Cost of Goods Sold	0	57 000	5 000	0
Salary Costs	341 000	51 000	46 000	123 000
Depreciation	5 000	8 000	20 000	24 000
Impairment	0	0	0	0
Expenditure	1 115 000	531 000	452 000	514 000
Operating Profit	−77 000	233 000	−50 000	68 000
Financial Income	0	3 000	0	0
Financial Costs	37 000	7 000	17 000	22 000
Financial Balance	−37 000	−4 000	−17 000	−22 000
Dividends	0	0	0	0
Net Income	−114 000	229 000	−68 000	46 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	5 000	18 000
Real Eastate	11 000	11 000	11 000	11 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	9 000	9 000	9 000	14 000
Total Tangible Assets	20 000	25 000	27 000	35 000
Total Fiancial Fixed Assets	238 000	138 000	138 000	13 000
Total Fixed Assets	258 000	163 000	171 000	66 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	27 000	11 000	9 000	0
Total Current Assets	465 000	468 000	372 000	400 000
Total Assets	723 000	631 000	543 000	466 000
Total Equity	220 000	335 000	106 000	174 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	49 000	54 000
Creditors	398 000	250 000	350 000	174 000
Unpaid Taxes	75 000	46 000	30 000	11 000
Dividends	0	0	0	0
Other Current Debt	30 000	0	8 000	8 000
Total Current Debt	503 000	296 000	388 000	239 000
Total Equity and Debt	723 000	631 000	543 000	466 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−51,82 %	68,36 %	−64,15 %	26,44 %
Debt-to-Equity Ratio	0	0	0,46	0,31
Operating Profit Margin	−7,43 %	30,54 %	−12,44 %	11,68 %
Current Ratio	0,92	1,58	0,96	1,67
Quick Ratio	0,92	1,58	0,96	1,67
Equity Ratio	0,3	0,53	0,2	0,37
Gross Profit Margin	100 %	92,53 %	98,76 %	100 %