KVALSTEIN AS

6710 RAUDEBERG

Finances

Share Ownership

Return on Equity

−22,28 %

Current Ratio

2,85

Debt-to-Equity Ratio

5,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 818 000	3 705 000	0	0
Net Income	−931 000	−35 000	44 000	46 000
Total Assets	28 214 000	30 053 000	20 493 000	7 674 000
Total Equity	4 178 000	5 108 000	4 506 000	4 462 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 818 000	3 705 000	0	0
Expenditure	3 573 000	2 107 000	46 000	40 000
Operating Profit	−1 402 000	−539 000	−46 000	−40 000
Financial Income	1 315 000	1 246 000	105 000	163 000
Financial Costs	1 106 000	748 000	14 000	64 000
Financial Balance	209 000	498 000	91 000	99 000
Earnings Before Tax	−1 193 000	−41 000	46 000	59 000
Tax	−262 000	−6 000	1 000	13 000
Net Income	−931 000	−35 000	44 000	46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 553 000	21 553 000	0	3 960 000
Total Current Assets	7 661 000	8 500 000	20 493 000	3 714 000
Total Assets	28 214 000	30 053 000	20 493 000	7 674 000
Total Retained Equity	3 441 000	4 371 000	4 406 000	4 362 000
Total Equity	4 178 000	5 108 000	4 506 000	4 462 000
Total Long-Term Debt	21 344 000	21 967 000	15 763 000	954 000
Total Current Debt	2 692 000	2 977 000	224 000	2 258 000
Total Equity and Debt	28 214 000	30 053 000	20 493 000	7 674 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 818 000	3 560 000	0	0
Other Income	0	145 000	0	0
Revenue	4 818 000	3 705 000	0	0
Cost of Goods Sold	43 000	47 000	0	0
Salary Costs	82 000	37 000	0	0
Depreciation	1 000 000	617 000	0	0
Impairment	0	0	0	0
Expenditure	3 573 000	2 107 000	46 000	40 000
Operating Profit	−1 402 000	−539 000	−46 000	−40 000
Financial Income	1 315 000	1 246 000	105 000	163 000
Financial Costs	1 106 000	748 000	14 000	64 000
Financial Balance	209 000	498 000	91 000	99 000
Dividends	0	0	0	0
Net Income	−931 000	−35 000	44 000	46 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 000 000	7 000 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	13 383 000	14 383 000	0	0
Total Fiancial Fixed Assets	169 000	169 000	0	3 960 000
Total Fixed Assets	20 553 000	21 553 000	0	3 960 000
Stock	0	70 000	0	0
Total Investments	0	0	0	0
Cash, Bank	7 000	329 000	260 000	98 000
Total Current Assets	7 661 000	8 500 000	20 493 000	3 714 000
Total Assets	28 214 000	30 053 000	20 493 000	7 674 000
Total Equity	4 178 000	5 108 000	4 506 000	4 462 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	21 344 000	21 967 000	15 763 000	954 000
Creditors	2 454 000	1 198 000	19 000	19 000
Unpaid Taxes	112 000	425 000	0	0
Dividends	0	0	0	0
Other Current Debt	126 000	857 000	13 000	1 988 000
Total Current Debt	2 692 000	2 977 000	224 000	2 258 000
Total Equity and Debt	28 214 000	30 053 000	20 493 000	7 674 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−22,28 %	−0,69 %	0,98 %	1,03 %
Debt-to-Equity Ratio	5,11	4,3	3,5	0,21
Operating Profit Margin	−29,1 %	−14,55 %	-	-
Current Ratio	2,85	2,86	91,49	1,64
Quick Ratio	2,85	2,92	91,49	1,64
Equity Ratio	0,15	0,17	0,22	0,58
Gross Profit Margin	99,11 %	98,73 %	-	-