KVERNELAND INFORMASJONSTEKNOLOGI OG FORRETNINGSUTVIKLING AS

4355 KVERNALAND

Finances

Return on Equity

25,95 %

Current Ratio

3,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 578 000	2 624 000	0	5 000
Net Income	465 000	1 481 000	−22 000	−19 000
Total Assets	2 370 000	2 184 000	227 000	210 000
Total Equity	1 792 000	1 327 000	−153 000	−131 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 578 000	2 624 000	0	5 000
Expenditure	1 609 000	814 000	32 000	1 000
Operating Profit	969 000	1 811 000	−32 000	3 000
Financial Income	22 000	20 000	143 000	4 000
Financial Costs	308 000	0	134 000	27 000
Financial Balance	−286 000	20 000	9 000	−23 000
Earnings Before Tax	684 000	1 831 000	−22 000	−19 000
Tax	219 000	350 000	0	0
Net Income	465 000	1 481 000	−22 000	−19 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	122 000	40 000	20 000	14 000
Total Current Assets	2 248 000	2 144 000	207 000	196 000
Total Assets	2 370 000	2 184 000	227 000	210 000
Total Retained Equity	1 692 000	1 227 000	−253 000	−231 000
Total Equity	1 792 000	1 327 000	−153 000	−131 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	578 000	856 000	381 000	341 000
Total Equity and Debt	2 370 000	2 184 000	227 000	210 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 578 000	2 624 000	0	5 000
Other Income	0	0	0	0
Revenue	2 578 000	2 624 000	0	5 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 341 000	746 000	0	0
Depreciation	9 000	3 000	0	0
Impairment	0	0	0	0
Expenditure	1 609 000	814 000	32 000	1 000
Operating Profit	969 000	1 811 000	−32 000	3 000
Financial Income	22 000	20 000	143 000	4 000
Financial Costs	308 000	0	134 000	27 000
Financial Balance	−286 000	20 000	9 000	−23 000
Dividends	0	0	0	0
Net Income	465 000	1 481 000	−22 000	−19 000

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	11 000	20 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	11 000	20 000	0	0
Total Fiancial Fixed Assets	111 000	20 000	20 000	14 000
Total Fixed Assets	122 000	40 000	20 000	14 000
Stock	0	0	0	0
Total Investments	1 638 000	1 360 000	193 000	195 000
Cash, Bank	302 000	544 000	14 000	1 000
Total Current Assets	2 248 000	2 144 000	207 000	196 000
Total Assets	2 370 000	2 184 000	227 000	210 000
Total Equity	1 792 000	1 327 000	−153 000	−131 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	9 000	8 000	1 000	−14 000
Unpaid Taxes	207 000	254 000	0	0
Dividends	0	0	0	0
Other Current Debt	143 000	245 000	380 000	166 000
Total Current Debt	578 000	856 000	381 000	341 000
Total Equity and Debt	2 370 000	2 184 000	227 000	210 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,95 %	111,61 %	14,38 %	14,5 %
Debt-to-Equity Ratio	0	0	−0	−0
Operating Profit Margin	37,59 %	69,02 %	-	60 %
Current Ratio	3,89	2,5	0,54	0,57
Quick Ratio	3,89	2,5	0,54	0,57
Equity Ratio	0,76	0,61	−0,67	−0,62
Gross Profit Margin	100 %	100 %	-	100 %