QUALITY NORWAY AS

0185 OSLO

Finances

Return on Equity

−25,79 %

Current Ratio

2,92

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 846 000	22 606 000	19 828 000	35 634 000
Net Income	−3 990 000	652 000	−2 291 000	1 826 000
Total Assets	21 318 000	24 165 000	23 246 000	27 499 000
Total Equity	15 474 000	20 591 000	19 939 000	22 230 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 846 000	22 606 000	19 828 000	35 634 000
Expenditure	27 920 000	23 705 000	23 920 000	35 023 000
Operating Profit	−3 074 000	−1 099 000	−4 092 000	611 000
Financial Income	403 000	1 613 000	1 096 000	1 615 000
Financial Costs	1 319 000	40 000	181 000	227 000
Financial Balance	−916 000	1 573 000	915 000	1 388 000
Earnings Before Tax	−3 990 000	474 000	−3 177 000	1 998 000
Tax	0	−178 000	−885 000	172 000
Net Income	−3 990 000	652 000	−2 291 000	1 826 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 229 000	4 224 000	4 809 000	5 338 000
Total Current Assets	17 089 000	19 941 000	18 437 000	22 161 000
Total Assets	21 318 000	24 165 000	23 246 000	27 499 000
Total Retained Equity	9 678 000	14 795 000	14 143 000	16 434 000
Total Equity	15 474 000	20 591 000	19 939 000	22 230 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 845 000	3 574 000	3 307 000	5 269 000
Total Equity and Debt	21 318 000	24 165 000	23 246 000	27 499 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 758 000	21 946 000	19 222 000	34 767 000
Other Income	88 000	660 000	606 000	867 000
Revenue	24 846 000	22 606 000	19 828 000	35 634 000
Cost of Goods Sold	11 921 000	9 265 000	8 515 000	17 061 000
Salary Costs	9 956 000	9 236 000	9 876 000	12 092 000
Depreciation	912 000	1 036 000	975 000	941 000
Impairment	0	0	0	0
Expenditure	27 920 000	23 705 000	23 920 000	35 023 000
Operating Profit	−3 074 000	−1 099 000	−4 092 000	611 000
Financial Income	403 000	1 613 000	1 096 000	1 615 000
Financial Costs	1 319 000	40 000	181 000	227 000
Financial Balance	−916 000	1 573 000	915 000	1 388 000
Dividends	0	0	0	0
Net Income	−3 990 000	652 000	−2 291 000	1 826 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	401 000	1 687 000	1 463 000	659 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 783 000	1 143 000	1 401 000	1 959 000
Total Tangible Assets	1 783 000	1 143 000	1 401 000	1 959 000
Total Fiancial Fixed Assets	2 045 000	1 395 000	1 945 000	2 720 000
Total Fixed Assets	4 229 000	4 224 000	4 809 000	5 338 000
Stock	0	0	0	0
Total Investments	15 098 000	16 058 000	14 623 000	13 799 000
Cash, Bank	410 000	2 853 000	2 469 000	5 068 000
Total Current Assets	17 089 000	19 941 000	18 437 000	22 161 000
Total Assets	21 318 000	24 165 000	23 246 000	27 499 000
Total Equity	15 474 000	20 591 000	19 939 000	22 230 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 316 000	1 098 000	779 000	1 303 000
Unpaid Taxes	1 366 000	1 403 000	895 000	1 344 000
Dividends	0	0	0	0
Other Current Debt	1 670 000	1 073 000	1 633 000	2 565 000
Total Current Debt	5 845 000	3 574 000	3 307 000	5 269 000
Total Equity and Debt	21 318 000	24 165 000	23 246 000	27 499 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−25,79 %	3,17 %	−11,49 %	8,21 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−12,37 %	−4,86 %	−20,64 %	1,71 %
Current Ratio	2,92	5,58	5,58	4,21
Quick Ratio	2,92	5,58	5,58	4,21
Equity Ratio	0,73	0,85	0,86	0,81
Gross Profit Margin	52,02 %	59,02 %	57,06 %	52,12 %