KVH INDUSTRIES NORWAY AS

3184 BORRE

Finances

Share Ownership

Return on Equity

13,82 %

Current Ratio

3,78

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 504 000	10 894 000	11 999 000	11 295 000
Net Income	1 227 000	1 430 000	4 354 000	1 810 000
Total Assets	12 048 000	11 245 000	9 593 000	24 796 000
Total Equity	8 878 000	7 631 000	6 196 000	1 842 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 504 000	10 894 000	11 999 000	11 295 000
Expenditure	8 903 000	9 260 000	7 300 000	9 288 000
Operating Profit	601 000	1 634 000	4 699 000	2 006 000
Financial Income	1 033 000	386 000	923 000	2 031 000
Financial Costs	55 000	187 000	39 000	1 716 000
Financial Balance	978 000	199 000	884 000	315 000
Earnings Before Tax	1 580 000	1 833 000	5 583 000	2 321 000
Tax	353 000	403 000	1 228 000	511 000
Net Income	1 227 000	1 430 000	4 354 000	1 810 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	85 000	138 000	110 000	161 000
Total Current Assets	11 963 000	11 107 000	9 484 000	24 635 000
Total Assets	12 048 000	11 245 000	9 593 000	24 796 000
Total Retained Equity	7 011 000	5 784 000	4 354 000	0
Total Equity	8 878 000	7 631 000	6 196 000	1 842 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 169 000	3 614 000	3 397 000	22 953 000
Total Equity and Debt	12 048 000	11 245 000	9 593 000	24 796 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 504 000	10 894 000	11 999 000	11 295 000
Other Income	0	0	0	0
Revenue	9 504 000	10 894 000	11 999 000	11 295 000
Cost of Goods Sold	779 000	681 000	559 000	0
Salary Costs	7 159 000	7 774 000	5 737 000	7 018 000
Depreciation	34 000	33 000	52 000	80 000
Impairment	0	0	0	0
Expenditure	8 903 000	9 260 000	7 300 000	9 288 000
Operating Profit	601 000	1 634 000	4 699 000	2 006 000
Financial Income	1 033 000	386 000	923 000	2 031 000
Financial Costs	55 000	187 000	39 000	1 716 000
Financial Balance	978 000	199 000	884 000	315 000
Dividends	0	0	0	0
Net Income	1 227 000	1 430 000	4 354 000	1 810 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	33 000	52 000	36 000	36 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	73 000	0
Fixtures	52 000	86 000	0	125 000
Total Tangible Assets	52 000	86 000	73 000	125 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	85 000	138 000	110 000	161 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 165 000	1 046 000	1 473 000	7 576 000
Total Current Assets	11 963 000	11 107 000	9 484 000	24 635 000
Total Assets	12 048 000	11 245 000	9 593 000	24 796 000
Total Equity	8 878 000	7 631 000	6 196 000	1 842 000
Short-Term Group Debt	740 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	195 000	1 070 000	167 000	325 000
Unpaid Taxes	418 000	397 000	429 000	381 000
Dividends	0	0	0	0
Other Current Debt	1 482 000	1 729 000	1 572 000	1 582 000
Total Current Debt	3 169 000	3 614 000	3 397 000	22 953 000
Total Equity and Debt	12 048 000	11 245 000	9 593 000	24 796 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,82 %	18,74 %	70,27 %	98,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,32 %	15 %	39,16 %	17,76 %
Current Ratio	3,78	3,07	2,79	1,07
Quick Ratio	3,78	3,07	2,79	1,07
Equity Ratio	0,74	0,68	0,65	0,07
Gross Profit Margin	91,8 %	93,75 %	95,34 %	100 %