VET. KVINGE & HANSEN AS

5114 TERTNES

Finances

Share Ownership

Return on Equity

−40,74 %

Current Ratio

0,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	519 000	403 000	170 000	76 000
Net Income	−4 584 000	1 881 000	1 961 000	1 261 000
Total Assets	11 872 000	16 812 000	18 743 000	14 977 000
Total Equity	11 252 000	16 436 000	16 515 000	14 554 000

Income (NOK)	2022	2021	2020	2019
Revenue	519 000	403 000	170 000	76 000
Expenditure	247 000	176 000	178 000	148 000
Operating Profit	272 000	227 000	−7 000	−72 000
Financial Income	315 000	2 138 000	2 099 000	1 354 000
Financial Costs	1 349 000	385 000	98 000	9 000
Financial Balance	−1 034 000	1 753 000	2 001 000	1 345 000
Earnings Before Tax	−762 000	1 979 000	1 994 000	1 273 000
Tax	86 000	98 000	33 000	12 000
Net Income	−4 584 000	1 881 000	1 961 000	1 261 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 331 000	12 862 000	14 625 000	14 783 000
Total Current Assets	542 000	3 950 000	4 118 000	194 000
Total Assets	11 872 000	16 812 000	18 743 000	14 977 000
Total Retained Equity	11 149 000	16 333 000	16 412 000	14 451 000
Total Equity	11 252 000	16 436 000	16 515 000	14 554 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	620 000	376 000	2 228 000	423 000
Total Equity and Debt	11 872 000	16 812 000	18 743 000	14 977 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	519 000	403 000	170 000	76 000
Other Income	0	0	0	0
Revenue	519 000	403 000	170 000	76 000
Cost of Goods Sold	62 000	0	0	0
Salary Costs	2 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	247 000	176 000	178 000	148 000
Operating Profit	272 000	227 000	−7 000	−72 000
Financial Income	315 000	2 138 000	2 099 000	1 354 000
Financial Costs	1 349 000	385 000	98 000	9 000
Financial Balance	−1 034 000	1 753 000	2 001 000	1 345 000
Dividends	600 000	1 960 000	0	0
Net Income	−4 584 000	1 881 000	1 961 000	1 261 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	11 331 000	12 862 000	14 625 000	14 783 000
Total Fixed Assets	11 331 000	12 862 000	14 625 000	14 783 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	468 000	147 000	360 000	194 000
Total Current Assets	542 000	3 950 000	4 118 000	194 000
Total Assets	11 872 000	16 812 000	18 743 000	14 977 000
Total Equity	11 252 000	16 436 000	16 515 000	14 554 000
Short-Term Group Debt	300 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	1 000	0	1 000
Unpaid Taxes	0	0	0	0
Dividends	600 000	1 960 000	0	0
Other Current Debt	234 000	276 000	2 195 000	410 000
Total Current Debt	620 000	376 000	2 228 000	423 000
Total Equity and Debt	11 872 000	16 812 000	18 743 000	14 977 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−40,74 %	11,44 %	11,87 %	8,66 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	52,41 %	56,33 %	−4,12 %	−94,74 %
Current Ratio	0,87	10,51	1,85	0,46
Quick Ratio	0,87	10,51	1,85	0,46
Equity Ratio	0,95	0,98	0,88	0,97
Gross Profit Margin	88,05 %	100 %	100 %	100 %