TANNLEGE IVAR KVITNES AS

8656 MOSJØEN

Finances

Share Ownership

Return on Equity

34,91 %

Current Ratio

1,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 392 000	4 099 000	3 436 000	3 254 000
Net Income	481 000	492 000	438 000	−74 000
Total Assets	2 435 000	2 187 000	1 867 000	1 604 000
Total Equity	1 378 000	1 157 000	915 000	728 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 392 000	4 099 000	3 436 000	3 254 000
Expenditure	3 776 000	3 469 000	2 873 000	3 341 000
Operating Profit	615 000	630 000	563 000	−87 000
Financial Income	2 000	1 000	1 000	1 000
Financial Costs	0	0	3 000	7 000
Financial Balance	2 000	1 000	−2 000	−6 000
Earnings Before Tax	617 000	631 000	561 000	−93 000
Tax	136 000	139 000	123 000	−19 000
Net Income	481 000	492 000	438 000	−74 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 178 000	1 250 000	1 226 000	1 237 000
Total Current Assets	1 257 000	937 000	641 000	367 000
Total Assets	2 435 000	2 187 000	1 867 000	1 604 000
Total Retained Equity	1 274 000	1 053 000	811 000	624 000
Total Equity	1 378 000	1 157 000	915 000	728 000
Total Long-Term Debt	0	0	15 000	144 000
Total Current Debt	1 057 000	1 029 000	936 000	732 000
Total Equity and Debt	2 435 000	2 187 000	1 867 000	1 604 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 392 000	4 099 000	3 418 000	3 254 000
Other Income	0	0	18 000	0
Revenue	4 392 000	4 099 000	3 436 000	3 254 000
Cost of Goods Sold	694 000	615 000	431 000	650 000
Salary Costs	2 527 000	2 216 000	1 841 000	2 041 000
Depreciation	64 000	101 000	93 000	84 000
Impairment	0	0	0	0
Expenditure	3 776 000	3 469 000	2 873 000	3 341 000
Operating Profit	615 000	630 000	563 000	−87 000
Financial Income	2 000	1 000	1 000	1 000
Financial Costs	0	0	3 000	7 000
Financial Balance	2 000	1 000	−2 000	−6 000
Dividends	260 000	250 000	250 000	250 000
Net Income	481 000	492 000	438 000	−74 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	245 000	253 000	253 000	279 000
Real Eastate	841 000	870 000	822 000	849 000
Machinery and Plant Facilities	47 000	64 000	133 000	109 000
Fixtures	45 000	63 000	18 000	0
Total Tangible Assets	933 000	997 000	972 000	958 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 178 000	1 250 000	1 226 000	1 237 000
Stock	49 000	56 000	47 000	45 000
Total Investments	0	0	0	0
Cash, Bank	1 007 000	726 000	473 000	229 000
Total Current Assets	1 257 000	937 000	641 000	367 000
Total Assets	2 435 000	2 187 000	1 867 000	1 604 000
Total Equity	1 378 000	1 157 000	915 000	728 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	15 000	144 000
Creditors	102 000	104 000	107 000	42 000
Unpaid Taxes	153 000	124 000	111 000	113 000
Dividends	260 000	250 000	250 000	250 000
Other Current Debt	413 000	413 000	371 000	327 000
Total Current Debt	1 057 000	1 029 000	936 000	732 000
Total Equity and Debt	2 435 000	2 187 000	1 867 000	1 604 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,91 %	42,52 %	47,87 %	−10,16 %
Debt-to-Equity Ratio	0	0	0,02	0,2
Operating Profit Margin	14 %	15,37 %	16,39 %	−2,67 %
Current Ratio	1,19	0,91	0,68	0,5
Quick Ratio	1,25	0,96	0,72	0,53
Equity Ratio	0,57	0,53	0,49	0,45
Gross Profit Margin	84,2 %	85 %	87,46 %	80,02 %