KUTTERVEIEN 2 AS

4050 SOLA

Finances

Share Ownership

Return on Equity

68,81 %

Current Ratio

0,86

Debt-to-Equity Ratio

−5,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	139 000	50 000	141 000	6 797 000
Net Income	−911 000	−454 000	−590 000	1 177 000
Total Assets	25 747 000	27 045 000	21 328 000	15 721 000
Total Equity	−1 324 000	−413 000	40 000	630 000

Income (NOK)	2022	2021	2020	2019
Revenue	139 000	50 000	141 000	6 797 000
Expenditure	296 000	153 000	61 000	5 665 000
Operating Profit	−158 000	−103 000	80 000	1 133 000
Financial Income	0	274 000	241 000	487 000
Financial Costs	753 000	624 000	910 000	442 000
Financial Balance	−753 000	−350 000	−669 000	45 000
Earnings Before Tax	−911 000	−454 000	−590 000	1 177 000
Tax	0	0	0	0
Net Income	−911 000	−454 000	−590 000	1 177 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 822 000	8 632 000	3 232 000	3 232 000
Total Current Assets	16 925 000	18 413 000	18 097 000	12 490 000
Total Assets	25 747 000	27 045 000	21 328 000	15 721 000
Total Retained Equity	−1 424 000	−513 000	−60 000	530 000
Total Equity	−1 324 000	−413 000	40 000	630 000
Total Long-Term Debt	7 492 000	7 348 000	1 910 000	1 869 000
Total Current Debt	19 578 000	20 110 000	19 378 000	13 222 000
Total Equity and Debt	25 747 000	27 045 000	21 328 000	15 721 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	5 000	6 667 000
Other Income	139 000	50 000	136 000	130 000
Revenue	139 000	50 000	141 000	6 797 000
Cost of Goods Sold	0	0	0	5 565 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	296 000	153 000	61 000	5 665 000
Operating Profit	−158 000	−103 000	80 000	1 133 000
Financial Income	0	274 000	241 000	487 000
Financial Costs	753 000	624 000	910 000	442 000
Financial Balance	−753 000	−350 000	−669 000	45 000
Dividends	0	0	0	0
Net Income	−911 000	−454 000	−590 000	1 177 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	8 822 000	8 632 000	3 232 000	3 232 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	8 822 000	8 632 000	3 232 000	3 232 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	8 822 000	8 632 000	3 232 000	3 232 000
Stock	16 836 000	17 937 000	14 247 000	6 109 000
Total Investments	0	0	3 832 000	4 246 000
Cash, Bank	86 000	467 000	17 000	384 000
Total Current Assets	16 925 000	18 413 000	18 097 000	12 490 000
Total Assets	25 747 000	27 045 000	21 328 000	15 721 000
Total Equity	−1 324 000	−413 000	40 000	630 000
Short-Term Group Debt	19 539 000	19 930 000	19 318 000	11 668 000
Total Long-Term Debt	7 492 000	7 348 000	1 910 000	1 869 000
Creditors	40 000	180 000	50 000	1 554 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	10 000	0
Total Current Debt	19 578 000	20 110 000	19 378 000	13 222 000
Total Equity and Debt	25 747 000	27 045 000	21 328 000	15 721 000

Financial indicators	2022	2021	2020	2019
Return on Equity	68,81 %	109,93 %	−1 475 %	186,83 %
Debt-to-Equity Ratio	−5,66	−17,79	47,75	2,97
Operating Profit Margin	−113,67 %	−206 %	56,74 %	16,67 %
Current Ratio	0,86	0,92	0,93	0,94
Quick Ratio	6,17	8,47	3,53	1,76
Equity Ratio	−0,05	−0,02	0	0,04
Gross Profit Margin	100 %	100 %	100 %	18,13 %