KENNETH AS

9950 VARDØ

Finances

Share Ownership

Return on Equity

11,12 %

Current Ratio

0,81

Debt-to-Equity Ratio

−0,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 313 000	2 629 000	2 949 000	3 757 000
Net Income	216 000	7 000	587 000	603 000
Total Assets	6 031 000	6 726 000	7 786 000	8 825 000
Total Equity	1 943 000	1 726 000	1 720 000	1 133 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 313 000	2 629 000	2 949 000	3 757 000
Expenditure	2 037 000	2 599 000	2 146 000	2 930 000
Operating Profit	276 000	30 000	802 000	827 000
Financial Income	2 000	0	0	0
Financial Costs	0	22 000	49 000	65 000
Financial Balance	2 000	−22 000	−49 000	−65 000
Earnings Before Tax	277 000	8 000	753 000	763 000
Tax	61 000	2 000	166 000	160 000
Net Income	216 000	7 000	587 000	603 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 308 000	2 644 000	7 369 000	7 911 000
Total Current Assets	3 722 000	4 082 000	418 000	914 000
Total Assets	6 031 000	6 726 000	7 786 000	8 825 000
Total Retained Equity	1 843 000	1 626 000	1 620 000	1 033 000
Total Equity	1 943 000	1 726 000	1 720 000	1 133 000
Total Long-Term Debt	−489 000	−515 000	1 116 000	1 506 000
Total Current Debt	4 577 000	5 515 000	4 950 000	6 167 000
Total Equity and Debt	6 031 000	6 726 000	7 786 000	8 806 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 235 000	779 000	1 775 000	2 250 000
Other Income	1 078 000	1 850 000	1 174 000	1 507 000
Revenue	2 313 000	2 629 000	2 949 000	3 757 000
Cost of Goods Sold	47 000	103 000	57 000	155 000
Salary Costs	1 016 000	951 000	966 000	1 288 000
Depreciation	336 000	390 000	612 000	722 000
Impairment	0	0	0	0
Expenditure	2 037 000	2 599 000	2 146 000	2 930 000
Operating Profit	276 000	30 000	802 000	827 000
Financial Income	2 000	0	0	0
Financial Costs	0	22 000	49 000	65 000
Financial Balance	2 000	−22 000	−49 000	−65 000
Dividends	0	0	0	0
Net Income	216 000	7 000	587 000	603 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	3 500 000	3 500 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	25 000	31 000	38 000	48 000
Total Tangible Assets	2 308 000	2 644 000	3 869 000	4 411 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 308 000	2 644 000	7 369 000	7 911 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	270 000	632 000	6 000	27 000
Total Current Assets	3 722 000	4 082 000	418 000	914 000
Total Assets	6 031 000	6 726 000	7 786 000	8 825 000
Total Equity	1 943 000	1 726 000	1 720 000	1 133 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	−489 000	−515 000	1 116 000	1 506 000
Creditors	26 000	33 000	42 000	25 000
Unpaid Taxes	68 000	67 000	46 000	139 000
Dividends	0	0	0	0
Other Current Debt	4 314 000	5 392 000	4 674 000	5 843 000
Total Current Debt	4 577 000	5 515 000	4 950 000	6 167 000
Total Equity and Debt	6 031 000	6 726 000	7 786 000	8 806 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,12 %	0,41 %	34,13 %	53,22 %
Debt-to-Equity Ratio	−0,25	−0,3	0,65	1,33
Operating Profit Margin	11,93 %	1,14 %	27,2 %	22,01 %
Current Ratio	0,81	0,74	0,08	0,15
Quick Ratio	0,81	0,74	0,08	0,15
Equity Ratio	0,32	0,26	0,22	0,13
Gross Profit Margin	97,97 %	96,08 %	98,07 %	95,87 %