KORTEVAREHUSET AS

1960 LØKEN

Finances

Share Ownership

Return on Equity

18,47 %

Current Ratio

2,89

Debt-to-Equity Ratio

1,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 024 000	1 121 000	1 177 000	1 261 000
Net Income	99 000	43 000	152 000	13 000
Total Assets	2 284 000	2 370 000	2 136 000	2 088 000
Total Equity	536 000	437 000	394 000	242 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 024 000	1 121 000	1 177 000	1 261 000
Expenditure	885 000	1 060 000	979 000	1 144 000
Operating Profit	138 000	60 000	198 000	117 000
Financial Income	0	0	4 000	2 000
Financial Costs	11 000	5 000	7 000	10 000
Financial Balance	−11 000	−5 000	−3 000	−8 000
Earnings Before Tax	127 000	55 000	195 000	110 000
Tax	28 000	12 000	43 000	96 000
Net Income	99 000	43 000	152 000	13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	302 000	430 000	93 000	148 000
Total Current Assets	1 983 000	1 940 000	2 042 000	1 941 000
Total Assets	2 284 000	2 370 000	2 136 000	2 088 000
Total Retained Equity	436 000	337 000	294 000	142 000
Total Equity	536 000	437 000	394 000	242 000
Total Long-Term Debt	1 062 000	1 866 000	1 647 000	1 738 000
Total Current Debt	687 000	68 000	96 000	109 000
Total Equity and Debt	2 284 000	2 370 000	2 136 000	2 088 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 024 000	1 121 000	1 177 000	1 261 000
Other Income	0	0	0	0
Revenue	1 024 000	1 121 000	1 177 000	1 261 000
Cost of Goods Sold	450 000	673 000	498 000	532 000
Salary Costs	19 000	16 000	171 000	272 000
Depreciation	100 000	100 000	12 000	12 000
Impairment	0	0	0	0
Expenditure	885 000	1 060 000	979 000	1 144 000
Operating Profit	138 000	60 000	198 000	117 000
Financial Income	0	0	4 000	2 000
Financial Costs	11 000	5 000	7 000	10 000
Financial Balance	−11 000	−5 000	−3 000	−8 000
Dividends	0	0	0	0
Net Income	99 000	43 000	152 000	13 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	47 000	59 000	102 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	278 000	379 000	35 000	46 000
Total Tangible Assets	278 000	379 000	35 000	46 000
Total Fiancial Fixed Assets	5 000	5 000	0	0
Total Fixed Assets	302 000	430 000	93 000	148 000
Stock	1 821 000	1 701 000	1 888 000	1 801 000
Total Investments	0	0	0	0
Cash, Bank	63 000	87 000	19 000	19 000
Total Current Assets	1 983 000	1 940 000	2 042 000	1 941 000
Total Assets	2 284 000	2 370 000	2 136 000	2 088 000
Total Equity	536 000	437 000	394 000	242 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 062 000	1 866 000	1 647 000	1 738 000
Creditors	24 000	13 000	6 000	38 000
Unpaid Taxes	20 000	54 000	72 000	44 000
Dividends	0	0	0	0
Other Current Debt	643 000	0	17 000	27 000
Total Current Debt	687 000	68 000	96 000	109 000
Total Equity and Debt	2 284 000	2 370 000	2 136 000	2 088 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,47 %	9,84 %	38,58 %	5,37 %
Debt-to-Equity Ratio	1,98	4,27	4,18	7,18
Operating Profit Margin	13,48 %	5,35 %	16,82 %	9,28 %
Current Ratio	2,89	28,53	21,27	17,81
Quick Ratio	−1,75	−1,19	−1,14	−1,15
Equity Ratio	0,23	0,18	0,18	0,12
Gross Profit Margin	56,05 %	39,96 %	57,69 %	57,81 %