KITEMILL AS

5704 VOSS

Finances

Return on Equity

−43,2 %

Current Ratio

0,41

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 617 000	9 827 000	13 824 000	6 612 000
Net Income	−12 195 000	−9 369 000	2 773 000	−5 942 000
Total Assets	53 492 000	49 044 000	37 510 000	28 470 000
Total Equity	28 229 000	40 423 000	11 224 000	7 811 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 617 000	9 827 000	13 824 000	6 612 000
Expenditure	15 420 000	18 175 000	10 405 000	12 076 000
Operating Profit	−10 803 000	−8 348 000	3 420 000	−5 463 000
Financial Income	215 000	27 000	76 000	29 000
Financial Costs	1 607 000	1 048 000	723 000	507 000
Financial Balance	−1 392 000	−1 021 000	−647 000	−478 000
Earnings Before Tax	−12 195 000	−9 369 000	2 773 000	−5 942 000
Tax	0	0	0	0
Net Income	−12 195 000	−9 369 000	2 773 000	−5 942 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	43 646 000	38 478 000	28 245 000	19 280 000
Total Current Assets	9 846 000	10 566 000	9 265 000	9 190 000
Total Assets	53 492 000	49 044 000	37 510 000	28 470 000
Total Retained Equity	0	0	594 000	−2 179 000
Total Equity	28 229 000	40 423 000	11 224 000	7 811 000
Total Long-Term Debt	1 198 000	5 188 000	22 418 000	9 147 000
Total Current Debt	24 066 000	3 433 000	3 868 000	11 512 000
Total Equity and Debt	53 492 000	49 044 000	37 510 000	28 470 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	4 617 000	9 827 000	13 824 000	6 612 000
Revenue	4 617 000	9 827 000	13 824 000	6 612 000
Cost of Goods Sold	3 911 000	8 107 000	2 000	1 992 000
Salary Costs	9 734 000	8 708 000	6 946 000	6 590 000
Depreciation	390 000	60 000	1 174 000	336 000
Impairment	0	0	0	0
Expenditure	15 420 000	18 175 000	10 405 000	12 076 000
Operating Profit	−10 803 000	−8 348 000	3 420 000	−5 463 000
Financial Income	215 000	27 000	76 000	29 000
Financial Costs	1 607 000	1 048 000	723 000	507 000
Financial Balance	−1 392 000	−1 021 000	−647 000	−478 000
Dividends	0	0	0	0
Net Income	−12 195 000	−9 369 000	2 773 000	−5 942 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	36 240 000	29 910 000	28 024 000	18 959 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	5 000	300 000
Fixtures	5 672 000	3 774 000	216 000	21 000
Total Tangible Assets	5 672 000	3 774 000	221 000	321 000
Total Fiancial Fixed Assets	1 733 000	4 794 000	0	0
Total Fixed Assets	43 646 000	38 478 000	28 245 000	19 280 000
Stock	0	1 854 000	1 504 000	196 000
Total Investments	0	0	0	0
Cash, Bank	730 000	3 192 000	625 000	5 727 000
Total Current Assets	9 846 000	10 566 000	9 265 000	9 190 000
Total Assets	53 492 000	49 044 000	37 510 000	28 470 000
Total Equity	28 229 000	40 423 000	11 224 000	7 811 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 198 000	5 188 000	22 418 000	9 147 000
Creditors	2 156 000	682 000	849 000	1 310 000
Unpaid Taxes	832 000	688 000	811 000	1 043 000
Dividends	0	0	0	0
Other Current Debt	2 142 000	2 063 000	2 208 000	9 160 000
Total Current Debt	24 066 000	3 433 000	3 868 000	11 512 000
Total Equity and Debt	53 492 000	49 044 000	37 510 000	28 470 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−43,2 %	−23,18 %	24,71 %	−76,07 %
Debt-to-Equity Ratio	0,04	0,13	2	1,17
Operating Profit Margin	−233,98 %	−84,95 %	24,74 %	−82,62 %
Current Ratio	0,41	3,08	2,4	0,8
Quick Ratio	0,41	6,69	3,92	0,81
Equity Ratio	0,53	0,82	0,3	0,27
Gross Profit Margin	15,29 %	17,5 %	99,99 %	69,87 %