KUNSTVÆRKET AS

1353 BÆRUMS VERK

Finances

Share Ownership

Return on Equity

27,27 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 461 000	2 770 000	2 815 000	2 376 000
Net Income	162 000	474 000	455 000	−195 000
Total Assets	1 530 000	1 883 000	2 324 000	1 921 000
Total Equity	594 000	432 000	508 000	53 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 461 000	2 770 000	2 815 000	2 376 000
Expenditure	2 264 000	2 151 000	2 276 000	2 548 000
Operating Profit	198 000	618 000	540 000	−171 000
Financial Income	10 000	0	0	0
Financial Costs	0	9 000	21 000	24 000
Financial Balance	10 000	−9 000	−21 000	−24 000
Earnings Before Tax	208 000	609 000	519 000	−195 000
Tax	46 000	135 000	64 000	0
Net Income	162 000	474 000	455 000	−195 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 000	22 000	311 000	423 000
Total Current Assets	1 516 000	1 861 000	2 013 000	1 498 000
Total Assets	1 530 000	1 883 000	2 324 000	1 921 000
Total Retained Equity	494 000	332 000	408 000	−47 000
Total Equity	594 000	432 000	508 000	53 000
Total Long-Term Debt	10 000	14 000	446 000	467 000
Total Current Debt	926 000	1 437 000	1 370 000	1 401 000
Total Equity and Debt	1 530 000	1 883 000	2 324 000	1 921 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 463 000	2 687 000	2 798 000	2 375 000
Other Income	−1 000	84 000	17 000	1 000
Revenue	2 461 000	2 770 000	2 815 000	2 376 000
Cost of Goods Sold	407 000	468 000	458 000	480 000
Salary Costs	1 077 000	950 000	980 000	1 206 000
Depreciation	8 000	12 000	113 000	106 000
Impairment	0	0	0	0
Expenditure	2 264 000	2 151 000	2 276 000	2 548 000
Operating Profit	198 000	618 000	540 000	−171 000
Financial Income	10 000	0	0	0
Financial Costs	0	9 000	21 000	24 000
Financial Balance	10 000	−9 000	−21 000	−24 000
Dividends	0	550 000	0	0
Net Income	162 000	474 000	455 000	−195 000

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	14 000	22 000	310 000	423 000
Total Tangible Assets	14 000	22 000	310 000	423 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	14 000	22 000	311 000	423 000
Stock	442 000	391 000	333 000	363 000
Total Investments	0	0	0	0
Cash, Bank	988 000	1 409 000	1 650 000	1 098 000
Total Current Assets	1 516 000	1 861 000	2 013 000	1 498 000
Total Assets	1 530 000	1 883 000	2 324 000	1 921 000
Total Equity	594 000	432 000	508 000	53 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 000	14 000	446 000	467 000
Creditors	554 000	772 000	794 000	1 016 000
Unpaid Taxes	133 000	174 000	197 000	156 000
Dividends	0	550 000	0	0
Other Current Debt	188 000	200 000	335 000	229 000
Total Current Debt	926 000	1 437 000	1 370 000	1 401 000
Total Equity and Debt	1 530 000	1 883 000	2 324 000	1 921 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,27 %	109,72 %	89,57 %	−367,92 %
Debt-to-Equity Ratio	0,02	0,03	0,88	8,81
Operating Profit Margin	8,05 %	22,31 %	19,18 %	−7,2 %
Current Ratio	1,64	1,3	1,47	1,07
Quick Ratio	3,13	1,78	1,94	1,44
Equity Ratio	0,39	0,23	0,22	0,03
Gross Profit Margin	83,46 %	83,1 %	83,73 %	79,8 %