QUALITY WELDING AS

4636 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

8,33 %

Current Ratio

1,54

Debt-to-Equity Ratio

0,46

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 416 000	10 284 000	13 638 000	12 904 000
Net Income	274 000	279 000	1 520 000	2 465 000
Total Assets	9 081 000	7 980 000	8 870 000	6 436 000
Total Equity	3 288 000	4 014 000	3 735 000	3 215 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 416 000	10 284 000	13 638 000	12 904 000
Expenditure	11 979 000	9 822 000	11 570 000	9 606 000
Operating Profit	437 000	461 000	2 067 000	3 297 000
Financial Income	26 000	1 000	4 000	5 000
Financial Costs	91 000	97 000	102 000	72 000
Financial Balance	−65 000	−96 000	−98 000	−67 000
Earnings Before Tax	372 000	365 000	1 969 000	3 231 000
Tax	98 000	86 000	450 000	766 000
Net Income	274 000	279 000	1 520 000	2 465 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 503 000	3 286 000	3 007 000	1 861 000
Total Current Assets	6 578 000	4 695 000	5 863 000	4 575 000
Total Assets	9 081 000	7 980 000	8 870 000	6 436 000
Total Retained Equity	3 188 000	3 914 000	3 635 000	3 115 000
Total Equity	3 288 000	4 014 000	3 735 000	3 215 000
Total Long-Term Debt	1 519 000	2 187 000	1 726 000	1 553 000
Total Current Debt	4 273 000	1 779 000	3 409 000	1 668 000
Total Equity and Debt	9 081 000	7 980 000	8 870 000	6 436 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 416 000	10 284 000	13 638 000	12 886 000
Other Income	0	0	0	17 000
Revenue	12 416 000	10 284 000	13 638 000	12 904 000
Cost of Goods Sold	0	0	0	0
Salary Costs	8 099 000	6 162 000	7 860 000	5 412 000
Depreciation	531 000	484 000	428 000	384 000
Impairment	0	0	0	0
Expenditure	11 979 000	9 822 000	11 570 000	9 606 000
Operating Profit	437 000	461 000	2 067 000	3 297 000
Financial Income	26 000	1 000	4 000	5 000
Financial Costs	91 000	97 000	102 000	72 000
Financial Balance	−65 000	−96 000	−98 000	−67 000
Dividends	0	0	0	0
Net Income	274 000	279 000	1 520 000	2 465 000

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	1 571 000	2 234 000	1 714 000	1 494 000
Fixtures	880 000	977 000	1 196 000	367 000
Total Tangible Assets	2 451 000	3 211 000	2 910 000	1 861 000
Total Fiancial Fixed Assets	52 000	75 000	97 000	0
Total Fixed Assets	2 503 000	3 286 000	3 007 000	1 861 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 090 000	2 646 000	3 872 000	2 076 000
Total Current Assets	6 578 000	4 695 000	5 863 000	4 575 000
Total Assets	9 081 000	7 980 000	8 870 000	6 436 000
Total Equity	3 288 000	4 014 000	3 735 000	3 215 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 519 000	2 187 000	1 726 000	1 553 000
Creditors	474 000	375 000	211 000	210 000
Unpaid Taxes	994 000	610 000	629 000	848 000
Dividends	0	0	0	0
Other Current Debt	2 695 000	785 000	2 193 000	414 000
Total Current Debt	4 273 000	1 779 000	3 409 000	1 668 000
Total Equity and Debt	9 081 000	7 980 000	8 870 000	6 436 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,33 %	6,95 %	40,7 %	76,67 %
Debt-to-Equity Ratio	0,46	0,54	0,46	0,48
Operating Profit Margin	3,52 %	4,48 %	15,16 %	25,55 %
Current Ratio	1,54	2,64	1,72	2,74
Quick Ratio	1,54	2,64	1,72	2,74
Equity Ratio	0,36	0,5	0,42	0,5
Gross Profit Margin	100 %	100 %	100 %	100 %