J. KVALVÅGNES AS

5550 SVEIO

Finances

Share Ownership

Return on Equity

3,8 %

Current Ratio

2,16

Debt-to-Equity Ratio

0,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 555 000	9 034 000	9 490 000	7 858 000
Net Income	170 000	90 000	485 000	199 000
Total Assets	8 382 000	7 533 000	7 273 000	6 090 000
Total Equity	4 479 000	4 310 000	4 220 000	3 735 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 555 000	9 034 000	9 490 000	7 858 000
Expenditure	9 318 000	8 913 000	8 853 000	7 585 000
Operating Profit	236 000	121 000	637 000	272 000
Financial Income	0	0	1 000	1 000
Financial Costs	19 000	5 000	10 000	17 000
Financial Balance	−19 000	−5 000	−9 000	−16 000
Earnings Before Tax	217 000	115 000	628 000	256 000
Tax	48 000	25 000	143 000	56 000
Net Income	170 000	90 000	485 000	199 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 838 000	2 670 000	3 081 000	2 768 000
Total Current Assets	5 544 000	4 863 000	4 192 000	3 322 000
Total Assets	8 382 000	7 533 000	7 273 000	6 090 000
Total Retained Equity	2 519 000	2 349 000	2 259 000	1 774 000
Total Equity	4 479 000	4 310 000	4 220 000	3 735 000
Total Long-Term Debt	1 335 000	1 343 000	1 386 000	1 409 000
Total Current Debt	2 567 000	1 880 000	1 667 000	946 000
Total Equity and Debt	8 382 000	7 533 000	7 273 000	6 090 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 555 000	9 034 000	9 435 000	7 858 000
Other Income	0	0	55 000	0
Revenue	9 555 000	9 034 000	9 490 000	7 858 000
Cost of Goods Sold	2 775 000	2 189 000	2 922 000	1 701 000
Salary Costs	3 056 000	3 461 000	3 120 000	2 660 000
Depreciation	653 000	781 000	778 000	723 000
Impairment	0	0	0	0
Expenditure	9 318 000	8 913 000	8 853 000	7 585 000
Operating Profit	236 000	121 000	637 000	272 000
Financial Income	0	0	1 000	1 000
Financial Costs	19 000	5 000	10 000	17 000
Financial Balance	−19 000	−5 000	−9 000	−16 000
Dividends	0	0	0	0
Net Income	170 000	90 000	485 000	199 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	66 000	0	0	0
Machinery and Plant Facilities	2 175 000	1 938 000	2 505 000	2 269 000
Fixtures	596 000	731 000	550 000	435 000
Total Tangible Assets	2 838 000	2 669 000	3 080 000	2 767 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	2 838 000	2 670 000	3 081 000	2 768 000
Stock	150 000	195 000	34 000	325 000
Total Investments	0	0	0	0
Cash, Bank	2 162 000	1 908 000	1 781 000	1 118 000
Total Current Assets	5 544 000	4 863 000	4 192 000	3 322 000
Total Assets	8 382 000	7 533 000	7 273 000	6 090 000
Total Equity	4 479 000	4 310 000	4 220 000	3 735 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 335 000	1 343 000	1 386 000	1 409 000
Creditors	967 000	290 000	387 000	78 000
Unpaid Taxes	905 000	1 046 000	837 000	320 000
Dividends	0	0	0	0
Other Current Debt	662 000	501 000	330 000	506 000
Total Current Debt	2 567 000	1 880 000	1 667 000	946 000
Total Equity and Debt	8 382 000	7 533 000	7 273 000	6 090 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,8 %	2,09 %	11,49 %	5,33 %
Debt-to-Equity Ratio	0,3	0,31	0,33	0,38
Operating Profit Margin	2,47 %	1,34 %	6,71 %	3,46 %
Current Ratio	2,16	2,59	2,51	3,51
Quick Ratio	2,29	2,89	2,57	5,35
Equity Ratio	0,53	0,57	0,58	0,61
Gross Profit Margin	70,96 %	75,77 %	69,21 %	78,35 %