KVITFJELL VEST AS

1367 SNARØYA

Finances

Return on Equity

17,35 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	37 544 000	50 950 000	29 115 000	21 524 000
Net Income	2 584 000	7 593 000	5 604 000	5 090 000
Total Assets	42 833 000	59 777 000	44 953 000	33 011 000
Total Equity	14 890 000	12 442 000	30 239 000	25 025 000

Income (NOK)	2022	2021	2020	2019
Revenue	37 544 000	50 950 000	29 115 000	21 524 000
Expenditure	33 251 000	40 272 000	21 554 000	14 789 000
Operating Profit	4 292 000	10 678 000	7 561 000	6 734 000
Financial Income	57 000	7 000	8 000	11 000
Financial Costs	1 035 000	951 000	384 000	219 000
Financial Balance	−978 000	−944 000	−376 000	−208 000
Earnings Before Tax	3 314 000	9 734 000	7 185 000	6 526 000
Tax	729 000	2 142 000	1 581 000	1 435 000
Net Income	2 584 000	7 593 000	5 604 000	5 090 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 457 000	11 698 000	12 699 000	13 715 000
Total Current Assets	32 376 000	48 080 000	32 253 000	19 296 000
Total Assets	42 833 000	59 777 000	44 953 000	33 011 000
Total Retained Equity	14 749 000	12 164 000	29 962 000	24 748 000
Total Equity	14 890 000	12 442 000	30 239 000	25 025 000
Total Long-Term Debt	0	0	1 631 000	5 189 000
Total Current Debt	27 943 000	47 335 000	13 083 000	2 797 000
Total Equity and Debt	42 833 000	59 777 000	44 953 000	33 011 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	36 932 000	50 355 000	28 463 000	20 896 000
Other Income	612 000	595 000	653 000	627 000
Revenue	37 544 000	50 950 000	29 115 000	21 524 000
Cost of Goods Sold	24 059 000	32 430 000	14 716 000	8 290 000
Salary Costs	4 325 000	4 052 000	2 674 000	3 208 000
Depreciation	1 382 000	1 384 000	1 411 000	1 420 000
Impairment	0	0	0	0
Expenditure	33 251 000	40 272 000	21 554 000	14 789 000
Operating Profit	4 292 000	10 678 000	7 561 000	6 734 000
Financial Income	57 000	7 000	8 000	11 000
Financial Costs	1 035 000	951 000	384 000	219 000
Financial Balance	−978 000	−944 000	−376 000	−208 000
Dividends	0	0	0	0
Net Income	2 584 000	7 593 000	5 604 000	5 090 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	913 000	756 000	607 000	444 000
Real Eastate	9 233 000	10 573 000	11 913 000	13 012 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	311 000	353 000	179 000	259 000
Total Tangible Assets	9 544 000	10 926 000	12 092 000	13 271 000
Total Fiancial Fixed Assets	0	15 000	0	0
Total Fixed Assets	10 457 000	11 698 000	12 699 000	13 715 000
Stock	27 058 000	30 241 000	19 548 000	15 586 000
Total Investments	0	0	0	0
Cash, Bank	3 358 000	8 364 000	9 077 000	1 652 000
Total Current Assets	32 376 000	48 080 000	32 253 000	19 296 000
Total Assets	42 833 000	59 777 000	44 953 000	33 011 000
Total Equity	14 890 000	12 442 000	30 239 000	25 025 000
Short-Term Group Debt	18 849 000	14 915 000	0	0
Total Long-Term Debt	0	0	1 631 000	5 189 000
Creditors	7 215 000	13 878 000	10 469 000	715 000
Unpaid Taxes	491 000	414 000	259 000	352 000
Dividends	0	0	0	0
Other Current Debt	502 000	15 948 000	720 000	135 000
Total Current Debt	27 943 000	47 335 000	13 083 000	2 797 000
Total Equity and Debt	42 833 000	59 777 000	44 953 000	33 011 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,35 %	61,03 %	18,53 %	20,34 %
Debt-to-Equity Ratio	0	0	0,05	0,21
Operating Profit Margin	11,43 %	20,96 %	25,97 %	31,29 %
Current Ratio	1,16	1,02	2,47	6,9
Quick Ratio	36,58	2,81	−4,99	−1,51
Equity Ratio	0,35	0,21	0,67	0,76
Gross Profit Margin	35,92 %	36,35 %	49,46 %	61,48 %