QUALITY SPAS NORDIC AS

1461 LØRENSKOG

Finances

Share Ownership

Return on Equity

6,01 %

Current Ratio

1,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 958 000	46 158 000	44 039 000	25 032 000
Net Income	626 000	7 356 000	7 159 000	−889 000
Total Assets	22 224 000	19 457 000	13 509 000	8 635 000
Total Equity	10 421 000	5 895 000	3 539 000	380 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 958 000	46 158 000	44 039 000	25 032 000
Expenditure	31 030 000	36 691 000	34 727 000	26 190 000
Operating Profit	928 000	9 468 000	9 312 000	−1 158 000
Financial Income	3 000	8 000	0	23 000
Financial Costs	129 000	44 000	134 000	269 000
Financial Balance	−126 000	−36 000	−134 000	−246 000
Earnings Before Tax	803 000	9 431 000	9 178 000	−1 404 000
Tax	177 000	2 076 000	2 019 000	−309 000
Net Income	626 000	7 356 000	7 159 000	−889 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	114 000	120 000	95 000	602 000
Total Current Assets	22 110 000	19 337 000	13 414 000	8 033 000
Total Assets	22 224 000	19 457 000	13 509 000	8 635 000
Total Retained Equity	10 319 000	5 793 000	3 437 000	278 000
Total Equity	10 421 000	5 895 000	3 539 000	380 000
Total Long-Term Debt	0	0	871 000	1 204 000
Total Current Debt	11 803 000	13 562 000	9 099 000	7 051 000
Total Equity and Debt	22 224 000	19 457 000	13 509 000	8 635 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 887 000	46 090 000	44 019 000	25 002 000
Other Income	71 000	67 000	21 000	30 000
Revenue	31 958 000	46 158 000	44 039 000	25 032 000
Cost of Goods Sold	19 556 000	25 188 000	24 498 000	15 000 000
Salary Costs	4 958 000	5 381 000	4 693 000	4 931 000
Depreciation	31 000	10 000	30 000	40 000
Impairment	0	0	0	0
Expenditure	31 030 000	36 691 000	34 727 000	26 190 000
Operating Profit	928 000	9 468 000	9 312 000	−1 158 000
Financial Income	3 000	8 000	0	23 000
Financial Costs	129 000	44 000	134 000	269 000
Financial Balance	−126 000	−36 000	−134 000	−246 000
Dividends	0	5 000 000	4 000 000	0
Net Income	626 000	7 356 000	7 159 000	−889 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 000	0	25 000	526 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	61 000	92 000	26 000	76 000
Total Tangible Assets	61 000	92 000	26 000	76 000
Total Fiancial Fixed Assets	48 000	28 000	44 000	0
Total Fixed Assets	114 000	120 000	95 000	602 000
Stock	21 073 000	8 651 000	4 631 000	7 060 000
Total Investments	0	0	0	0
Cash, Bank	200 000	6 585 000	7 769 000	245 000
Total Current Assets	22 110 000	19 337 000	13 414 000	8 033 000
Total Assets	22 224 000	19 457 000	13 509 000	8 635 000
Total Equity	10 421 000	5 895 000	3 539 000	380 000
Short-Term Group Debt	0	0	0	3 470 000
Total Long-Term Debt	0	0	871 000	1 204 000
Creditors	5 529 000	1 796 000	578 000	705 000
Unpaid Taxes	595 000	1 732 000	1 247 000	960 000
Dividends	0	5 000 000	4 000 000	0
Other Current Debt	2 931 000	2 983 000	1 745 000	974 000
Total Current Debt	11 803 000	13 562 000	9 099 000	7 051 000
Total Equity and Debt	22 224 000	19 457 000	13 509 000	8 635 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,01 %	124,78 %	202,29 %	−233,95 %
Debt-to-Equity Ratio	0	0	0,25	3,17
Operating Profit Margin	2,9 %	20,51 %	21,14 %	−4,63 %
Current Ratio	1,87	1,43	1,47	1,14
Quick Ratio	−2,39	3,94	3	−892,56
Equity Ratio	0,47	0,3	0,26	0,04
Gross Profit Margin	38,81 %	45,43 %	44,37 %	40,08 %