KVARNAS AS

1182 OSLO

Finances

Return on Equity

−17,99 %

Current Ratio

199,2

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 000	16 000	939 000	1 350 000
Net Income	−829 000	2 081 000	1 159 000	722 000
Total Assets	4 627 000	5 458 000	3 536 000	2 531 000
Total Equity	4 607 000	5 436 000	3 355 000	2 196 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 000	16 000	939 000	1 350 000
Expenditure	47 000	8 000	617 000	728 000
Operating Profit	−40 000	8 000	322 000	623 000
Financial Income	316 000	2 302 000	984 000	241 000
Financial Costs	1 101 000	215 000	45 000	0
Financial Balance	−785 000	2 087 000	939 000	241 000
Earnings Before Tax	−825 000	2 095 000	1 261 000	864 000
Tax	4 000	14 000	103 000	142 000
Net Income	−829 000	2 081 000	1 159 000	722 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	643 000	1 602 000	2 120 000	1 829 000
Total Current Assets	3 984 000	3 856 000	1 416 000	702 000
Total Assets	4 627 000	5 458 000	3 536 000	2 531 000
Total Retained Equity	4 238 000	5 068 000	2 986 000	1 828 000
Total Equity	4 607 000	5 436 000	3 355 000	2 196 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	20 000	21 000	181 000	334 000
Total Equity and Debt	4 627 000	5 458 000	3 536 000	2 531 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 000	16 000	939 000	1 350 000
Other Income	0	0	0	0
Revenue	7 000	16 000	939 000	1 350 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 000	0	457 000	660 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	47 000	8 000	617 000	728 000
Operating Profit	−40 000	8 000	322 000	623 000
Financial Income	316 000	2 302 000	984 000	241 000
Financial Costs	1 101 000	215 000	45 000	0
Financial Balance	−785 000	2 087 000	939 000	241 000
Dividends	0	0	0	0
Net Income	−829 000	2 081 000	1 159 000	722 000

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	643 000	1 602 000	2 120 000	1 829 000
Total Fixed Assets	643 000	1 602 000	2 120 000	1 829 000
Stock	0	0	0	0
Total Investments	3 509 000	3 493 000	851 000	0
Cash, Bank	275 000	151 000	245 000	602 000
Total Current Assets	3 984 000	3 856 000	1 416 000	702 000
Total Assets	4 627 000	5 458 000	3 536 000	2 531 000
Total Equity	4 607 000	5 436 000	3 355 000	2 196 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	4 000	5 000	4 000
Unpaid Taxes	2 000	0	9 000	105 000
Dividends	0	0	0	0
Other Current Debt	11 000	4 000	64 000	84 000
Total Current Debt	20 000	21 000	181 000	334 000
Total Equity and Debt	4 627 000	5 458 000	3 536 000	2 531 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−17,99 %	38,28 %	34,55 %	32,88 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−571,43 %	50 %	34,29 %	46,15 %
Current Ratio	199,2	183,62	7,82	2,1
Quick Ratio	199,2	183,62	7,82	2,1
Equity Ratio	1	1	0,95	0,87
Gross Profit Margin	100 %	100 %	100 %	100 %