KUVE AS

1363 HØVIK

Finances

Share Ownership

Return on Equity

54,14 %

Current Ratio

2,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 196 000	1 543 000	1 409 000	573 000
Net Income	746 000	293 000	197 000	131 000
Total Assets	2 005 000	876 000	620 000	218 000
Total Equity	1 378 000	632 000	340 000	143 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 196 000	1 543 000	1 409 000	573 000
Expenditure	2 240 000	1 161 000	1 159 000	489 000
Operating Profit	956 000	381 000	249 000	85 000
Financial Income	1 000	1 000	0	0
Financial Costs	1 000	6 000	0	0
Financial Balance	0	−5 000	0	0
Earnings Before Tax	956 000	375 000	249 000	85 000
Tax	211 000	83 000	53 000	−46 000
Net Income	746 000	293 000	197 000	131 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	159 000	75 000	41 000	46 000
Total Current Assets	1 845 000	801 000	578 000	172 000
Total Assets	2 005 000	876 000	620 000	218 000
Total Retained Equity	1 276 000	530 000	238 000	41 000
Total Equity	1 378 000	632 000	340 000	143 000
Total Long-Term Debt	1 000	0	1 000	0
Total Current Debt	625 000	244 000	279 000	75 000
Total Equity and Debt	2 005 000	876 000	620 000	218 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 196 000	1 543 000	1 409 000	573 000
Other Income	0	0	0	0
Revenue	3 196 000	1 543 000	1 409 000	573 000
Cost of Goods Sold	828 000	303 000	408 000	164 000
Salary Costs	1 006 000	553 000	622 000	277 000
Depreciation	36 000	23 000	2 000	0
Impairment	0	0	0	0
Expenditure	2 240 000	1 161 000	1 159 000	489 000
Operating Profit	956 000	381 000	249 000	85 000
Financial Income	1 000	1 000	0	0
Financial Costs	1 000	6 000	0	0
Financial Balance	0	−5 000	0	0
Dividends	0	0	0	0
Net Income	746 000	293 000	197 000	131 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	46 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	153 000	0	0	0
Fixtures	0	65 000	31 000	0
Total Tangible Assets	153 000	65 000	31 000	0
Total Fiancial Fixed Assets	6 000	10 000	10 000	0
Total Fixed Assets	159 000	75 000	41 000	46 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 603 000	477 000	297 000	172 000
Total Current Assets	1 845 000	801 000	578 000	172 000
Total Assets	2 005 000	876 000	620 000	218 000
Total Equity	1 378 000	632 000	340 000	143 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	0	1 000	0
Creditors	80 000	15 000	54 000	24 000
Unpaid Taxes	224 000	85 000	150 000	32 000
Dividends	0	0	0	0
Other Current Debt	113 000	59 000	67 000	19 000
Total Current Debt	625 000	244 000	279 000	75 000
Total Equity and Debt	2 005 000	876 000	620 000	218 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,14 %	46,36 %	57,94 %	91,61 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	29,91 %	24,69 %	17,67 %	14,83 %
Current Ratio	2,95	3,28	2,07	2,29
Quick Ratio	2,95	3,28	2,07	2,29
Equity Ratio	0,69	0,72	0,55	0,66
Gross Profit Margin	74,09 %	80,36 %	71,04 %	71,38 %