QUALITY PRODUCTS & SERVICES AS

1940 BJØRKELANGEN

Finances

Share Ownership

Return on Equity

−57,45 %

Current Ratio

2,78

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 320 000	7 810 000	12 186 000	10 782 000
Net Income	−1 122 000	−585 000	−320 000	467 000
Total Assets	2 603 000	4 050 000	5 370 000	5 101 000
Total Equity	1 953 000	3 075 000	3 660 000	3 188 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 320 000	7 810 000	12 186 000	10 782 000
Expenditure	7 713 000	8 581 000	12 482 000	10 169 000
Operating Profit	−1 393 000	−772 000	−296 000	612 000
Financial Income	22 000	45 000	34 000	1 000
Financial Costs	67 000	23 000	149 000	14 000
Financial Balance	−45 000	22 000	−115 000	−13 000
Earnings Before Tax	−1 438 000	−750 000	−411 000	599 000
Tax	−316 000	−165 000	−90 000	132 000
Net Income	−1 122 000	−585 000	−320 000	467 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	797 000	760 000	972 000	1 069 000
Total Current Assets	1 806 000	3 289 000	4 398 000	4 032 000
Total Assets	2 603 000	4 050 000	5 370 000	5 101 000
Total Retained Equity	252 000	1 374 000	1 959 000	2 187 000
Total Equity	1 953 000	3 075 000	3 660 000	3 188 000
Total Long-Term Debt	0	47 000	126 000	200 000
Total Current Debt	650 000	928 000	1 585 000	1 713 000
Total Equity and Debt	2 603 000	4 050 000	5 370 000	5 101 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 201 000	7 213 000	11 937 000	10 817 000
Other Income	119 000	597 000	249 000	−35 000
Revenue	6 320 000	7 810 000	12 186 000	10 782 000
Cost of Goods Sold	3 444 000	3 630 000	6 313 000	4 743 000
Salary Costs	1 761 000	2 411 000	2 953 000	2 198 000
Depreciation	352 000	494 000	596 000	399 000
Impairment	0	0	0	0
Expenditure	7 713 000	8 581 000	12 482 000	10 169 000
Operating Profit	−1 393 000	−772 000	−296 000	612 000
Financial Income	22 000	45 000	34 000	1 000
Financial Costs	67 000	23 000	149 000	14 000
Financial Balance	−45 000	22 000	−115 000	−13 000
Dividends	0	0	0	0
Net Income	−1 122 000	−585 000	−320 000	467 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	595 000	279 000	114 000	28 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	182 000	215 000	0	0
Fixtures	0	266 000	858 000	1 042 000
Total Tangible Assets	182 000	481 000	858 000	1 042 000
Total Fiancial Fixed Assets	20 000	0	0	0
Total Fixed Assets	797 000	760 000	972 000	1 069 000
Stock	550 000	580 000	376 000	288 000
Total Investments	0	0	0	0
Cash, Bank	243 000	1 392 000	2 660 000	1 344 000
Total Current Assets	1 806 000	3 289 000	4 398 000	4 032 000
Total Assets	2 603 000	4 050 000	5 370 000	5 101 000
Total Equity	1 953 000	3 075 000	3 660 000	3 188 000
Short-Term Group Debt	0	0	341 000	645 000
Total Long-Term Debt	0	47 000	126 000	200 000
Creditors	277 000	188 000	606 000	414 000
Unpaid Taxes	192 000	436 000	382 000	427 000
Dividends	0	0	0	0
Other Current Debt	181 000	304 000	256 000	228 000
Total Current Debt	650 000	928 000	1 585 000	1 713 000
Total Equity and Debt	2 603 000	4 050 000	5 370 000	5 101 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−57,45 %	−19,02 %	−8,74 %	14,65 %
Debt-to-Equity Ratio	0	0,02	0,03	0,06
Operating Profit Margin	−22,04 %	−9,88 %	−2,43 %	5,68 %
Current Ratio	2,78	3,54	2,77	2,35
Quick Ratio	18,06	9,45	3,64	2,83
Equity Ratio	0,75	0,76	0,68	0,62
Gross Profit Margin	45,51 %	53,52 %	48,19 %	56,01 %