KVARSTEIN DRIFT AS

4708 VENNESLA

Finances

Share Ownership

Return on Equity

188,3 %

Current Ratio

1,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 706 000	15 997 000	14 503 000	9 712 000
Net Income	853 000	1 966 000	2 585 000	290 000
Total Assets	3 431 000	4 267 000	3 750 000	2 206 000
Total Equity	453 000	100 000	1 784 000	−801 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 706 000	15 997 000	14 503 000	9 712 000
Expenditure	13 595 000	13 498 000	11 684 000	9 656 000
Operating Profit	1 111 000	2 498 000	2 644 000	324 000
Financial Income	5 000	33 000	29 000	20 000
Financial Costs	23 000	17 000	57 000	54 000
Financial Balance	−18 000	16 000	−28 000	−34 000
Earnings Before Tax	1 094 000	2 515 000	2 615 000	290 000
Tax	241 000	549 000	30 000	0
Net Income	853 000	1 966 000	2 585 000	290 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	114 000	104 000	143 000	163 000
Total Current Assets	3 317 000	4 163 000	3 608 000	2 043 000
Total Assets	3 431 000	4 267 000	3 750 000	2 206 000
Total Retained Equity	353 000	0	−16 000	−2 601 000
Total Equity	453 000	100 000	1 784 000	−801 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 978 000	4 167 000	1 967 000	3 007 000
Total Equity and Debt	3 431 000	4 267 000	3 750 000	2 206 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 706 000	15 997 000	14 503 000	9 712 000
Other Income	0	0	0	0
Revenue	14 706 000	15 997 000	14 503 000	9 712 000
Cost of Goods Sold	8 361 000	8 613 000	7 403 000	5 963 000
Salary Costs	3 321 000	3 128 000	2 796 000	2 297 000
Depreciation	43 000	39 000	39 000	36 000
Impairment	0	0	0	0
Expenditure	13 595 000	13 498 000	11 684 000	9 656 000
Operating Profit	1 111 000	2 498 000	2 644 000	324 000
Financial Income	5 000	33 000	29 000	20 000
Financial Costs	23 000	17 000	57 000	54 000
Financial Balance	−18 000	16 000	−28 000	−34 000
Dividends	500 000	1 950 000	0	0
Net Income	853 000	1 966 000	2 585 000	290 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	44 000	78 000	112 000	146 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	70 000	26 000	31 000	17 000
Total Tangible Assets	114 000	104 000	143 000	163 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	114 000	104 000	143 000	163 000
Stock	1 603 000	1 819 000	1 150 000	1 327 000
Total Investments	0	0	0	0
Cash, Bank	1 342 000	2 170 000	2 302 000	580 000
Total Current Assets	3 317 000	4 163 000	3 608 000	2 043 000
Total Assets	3 431 000	4 267 000	3 750 000	2 206 000
Total Equity	453 000	100 000	1 784 000	−801 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	571 000	475 000	753 000	1 129 000
Unpaid Taxes	554 000	620 000	598 000	340 000
Dividends	500 000	1 950 000	0	0
Other Current Debt	1 613 000	2 524 000	585 000	1 538 000
Total Current Debt	2 978 000	4 167 000	1 967 000	3 007 000
Total Equity and Debt	3 431 000	4 267 000	3 750 000	2 206 000

Financial indicators	2022	2021	2020	2019
Return on Equity	188,3 %	1 966 %	144,9 %	−36,2 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	7,55 %	15,62 %	18,23 %	3,34 %
Current Ratio	1,11	1	1,83	0,68
Quick Ratio	2,41	1,77	4,42	1,22
Equity Ratio	0,13	0,02	0,48	−0,36
Gross Profit Margin	43,15 %	46,16 %	48,96 %	38,6 %