KVITUNGEN AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

16,78 %

Current Ratio

0,1

Debt-to-Equity Ratio

−0,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	34 615 000	49 325 000	22 010 000	16 628 000
Net Income	−7 333 000	3 731 000	−12 457 000	−15 512 000
Total Assets	10 098 000	11 082 000	14 217 000	13 367 000
Total Equity	−43 704 000	−36 371 000	−40 102 000	−62 646 000

Income (NOK)	2022	2021	2020	2019
Revenue	34 615 000	49 325 000	22 010 000	16 628 000
Expenditure	40 800 000	44 625 000	33 490 000	31 155 000
Operating Profit	−6 185 000	4 700 000	−11 481 000	−14 527 000
Financial Income	112 000	88 000	76 000	49 000
Financial Costs	1 261 000	1 056 000	1 052 000	1 034 000
Financial Balance	−1 149 000	−968 000	−976 000	−985 000
Earnings Before Tax	−7 333 000	3 731 000	−12 457 000	−15 512 000
Tax	0	0	0	0
Net Income	−7 333 000	3 731 000	−12 457 000	−15 512 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 510 000	10 084 000	10 003 000	12 410 000
Total Current Assets	1 588 000	998 000	4 214 000	957 000
Total Assets	10 098 000	11 082 000	14 217 000	13 367 000
Total Retained Equity	−46 281 000	−38 948 000	−42 679 000	−65 222 000
Total Equity	−43 704 000	−36 371 000	−40 102 000	−62 646 000
Total Long-Term Debt	37 872 000	27 536 000	38 287 000	62 764 000
Total Current Debt	15 931 000	19 918 000	16 033 000	13 248 000
Total Equity and Debt	10 098 000	11 082 000	14 217 000	13 367 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 600 000	49 325 000	22 010 000	16 605 000
Other Income	15 000	0	0	23 000
Revenue	34 615 000	49 325 000	22 010 000	16 628 000
Cost of Goods Sold	9 126 000	8 889 000	6 074 000	6 094 000
Salary Costs	13 429 000	18 343 000	12 227 000	11 705 000
Depreciation	2 873 000	2 813 000	4 866 000	3 244 000
Impairment	0	0	0	0
Expenditure	40 800 000	44 625 000	33 490 000	31 155 000
Operating Profit	−6 185 000	4 700 000	−11 481 000	−14 527 000
Financial Income	112 000	88 000	76 000	49 000
Financial Costs	1 261 000	1 056 000	1 052 000	1 034 000
Financial Balance	−1 149 000	−968 000	−976 000	−985 000
Dividends	0	0	0	0
Net Income	−7 333 000	3 731 000	−12 457 000	−15 512 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 838 000	1 593 000	1 140 000	1 416 000
Fixtures	150 000	535 000	736 000	813 000
Total Tangible Assets	8 515 000	10 084 000	10 003 000	12 410 000
Total Fiancial Fixed Assets	−5 000	0	0	0
Total Fixed Assets	8 510 000	10 084 000	10 003 000	12 410 000
Stock	1 016 000	644 000	2 857 000	585 000
Total Investments	0	0	0	0
Cash, Bank	320 000	315 000	693 000	207 000
Total Current Assets	1 588 000	998 000	4 214 000	957 000
Total Assets	10 098 000	11 082 000	14 217 000	13 367 000
Total Equity	−43 704 000	−36 371 000	−40 102 000	−62 646 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	37 872 000	27 536 000	38 287 000	62 764 000
Creditors	2 932 000	2 461 000	2 773 000	556 000
Unpaid Taxes	1 569 000	4 287 000	1 243 000	509 000
Dividends	0	0	0	0
Other Current Debt	44 000	1 449 000	28 000	26 000
Total Current Debt	15 931 000	19 918 000	16 033 000	13 248 000
Total Equity and Debt	10 098 000	11 082 000	14 217 000	13 367 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,78 %	−10,26 %	31,06 %	24,76 %
Debt-to-Equity Ratio	−0,87	−0,76	−0,95	−1
Operating Profit Margin	−17,87 %	9,53 %	−52,16 %	−87,36 %
Current Ratio	0,1	0,05	0,26	0,07
Quick Ratio	0,11	0,05	0,32	0,08
Equity Ratio	−4,33	−3,28	−2,82	−4,69
Gross Profit Margin	73,64 %	81,98 %	72,4 %	63,35 %