KVITFJELLVARDEN AS

2634 FÅVANG

Finances

Share Ownership

Return on Equity

9,6 %

Current Ratio

5,28

Debt-to-Equity Ratio

Key figures (NOK)	2023	2022	2021	2020
Revenue	15 967 000	70 132 000	60 788 000	45 253 000
Net Income	6 111 000	24 072 000	14 193 000	12 279 000
Total Assets	78 521 000	71 741 000	59 410 000	58 460 000
Total Equity	63 657 000	63 473 000	39 402 000	39 248 000

Income (NOK)	2023	2022	2021	2020
Revenue	15 967 000	70 132 000	60 788 000	45 253 000
Expenditure	9 924 000	39 440 000	42 766 000	30 413 000
Operating Profit	6 043 000	30 692 000	18 021 000	14 840 000
Financial Income	1 631 000	331 000	175 000	931 000
Financial Costs	1 000	0	0	22 000
Financial Balance	1 630 000	331 000	175 000	909 000
Earnings Before Tax	7 673 000	31 023 000	18 197 000	15 749 000
Tax	1 562 000	6 952 000	4 003 000	3 470 000
Net Income	6 111 000	24 072 000	14 193 000	12 279 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	0	0	0	0
Total Current Assets	78 521 000	71 741 000	59 410 000	58 460 000
Total Assets	78 521 000	71 741 000	59 410 000	58 460 000
Total Retained Equity	60 862 000	60 679 000	36 607 000	36 453 000
Total Equity	63 657 000	63 473 000	39 402 000	39 248 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	14 865 000	8 268 000	20 008 000	19 212 000
Total Equity and Debt	78 521 000	71 741 000	59 410 000	58 460 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	15 967 000	70 132 000	60 788 000	45 253 000
Other Income	0	0	0	0
Revenue	15 967 000	70 132 000	60 788 000	45 253 000
Cost of Goods Sold	7 470 000	36 562 000	40 676 000	28 598 000
Salary Costs	1 386 000	2 126 000	1 512 000	1 285 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 924 000	39 440 000	42 766 000	30 413 000
Operating Profit	6 043 000	30 692 000	18 021 000	14 840 000
Financial Income	1 631 000	331 000	175 000	931 000
Financial Costs	1 000	0	0	22 000
Financial Balance	1 630 000	331 000	175 000	909 000
Dividends	0	0	0	0
Net Income	6 111 000	24 072 000	14 193 000	12 279 000

Balance details (NOK)	2023	2022	2021	2020
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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	3 791 000	5 762 000	12 966 000	20 806 000
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	78 521 000	71 741 000	59 410 000	58 460 000
Total Assets	78 521 000	71 741 000	59 410 000	58 460 000
Total Equity	63 657 000	63 473 000	39 402 000	39 248 000
Short-Term Group Debt	7 600 000	1 404 000	19 866 000	15 640 000
Total Long-Term Debt	0	0	0	0
Creditors	376 000	38 000	99 000	4 110 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	91 000	0	0	0
Total Current Debt	14 865 000	8 268 000	20 008 000	19 212 000
Total Equity and Debt	78 521 000	71 741 000	59 410 000	58 460 000

Financial indicators	2023	2022	2021	2020
Return on Equity	9,6 %	37,92 %	36,02 %	31,29 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	37,85 %	43,76 %	29,65 %	32,79 %
Current Ratio	5,28	8,68	2,97	3,04
Quick Ratio	7,09	28,63	8,44	−36,68
Equity Ratio	0,81	0,88	0,66	0,67
Gross Profit Margin	53,22 %	47,87 %	33,09 %	36,8 %