KVITVELLA ELECTRISITETSVERK AS

2900 FAGERNES

Finances

Share Ownership

Return on Equity

56,8 %

Current Ratio

5,6

Debt-to-Equity Ratio

0,96

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 941 000	2 773 000	384 000	2 097 000
Net Income	9 850 000	4 603 000	−1 438 000	218 000
Total Assets	35 325 000	25 637 000	21 069 000	23 326 000
Total Equity	17 343 000	7 493 000	2 891 000	4 328 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 941 000	2 773 000	384 000	2 097 000
Expenditure	−3 611 000	−2 342 000	1 257 000	1 282 000
Operating Profit	10 552 000	5 114 000	−873 000	815 000
Financial Income	76 000	3 000	10 000	32 000
Financial Costs	621 000	514 000	574 000	630 000
Financial Balance	−545 000	−511 000	−564 000	−598 000
Earnings Before Tax	10 007 000	4 603 000	−1 438 000	218 000
Tax	157 000	0	0	0
Net Income	9 850 000	4 603 000	−1 438 000	218 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 905 000	22 950 000	19 405 000	19 798 000
Total Current Assets	7 420 000	2 687 000	1 664 000	3 527 000
Total Assets	35 325 000	25 637 000	21 069 000	23 326 000
Total Retained Equity	592 000	−9 258 000	−13 860 000	−12 423 000
Total Equity	17 343 000	7 493 000	2 891 000	4 328 000
Total Long-Term Debt	16 657 000	17 100 000	17 700 000	18 300 000
Total Current Debt	1 325 000	1 043 000	479 000	697 000
Total Equity and Debt	35 325 000	25 637 000	21 069 000	23 326 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 941 000	2 773 000	384 000	2 097 000
Other Income	0	0	0	0
Revenue	6 941 000	2 773 000	384 000	2 097 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	545 000	455 000	453 000	449 000
Impairment	−5 500 000	−4 000 000	0	0
Expenditure	−3 611 000	−2 342 000	1 257 000	1 282 000
Operating Profit	10 552 000	5 114 000	−873 000	815 000
Financial Income	76 000	3 000	10 000	32 000
Financial Costs	621 000	514 000	574 000	630 000
Financial Balance	−545 000	−511 000	−564 000	−598 000
Dividends	0	0	0	0
Net Income	9 850 000	4 603 000	−1 438 000	218 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	27 779 000	22 824 000	19 279 000	19 672 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	27 779 000	22 824 000	19 279 000	19 672 000
Total Fiancial Fixed Assets	126 000	126 000	126 000	126 000
Total Fixed Assets	27 905 000	22 950 000	19 405 000	19 798 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 489 000	2 208 000	1 388 000	2 261 000
Total Current Assets	7 420 000	2 687 000	1 664 000	3 527 000
Total Assets	35 325 000	25 637 000	21 069 000	23 326 000
Total Equity	17 343 000	7 493 000	2 891 000	4 328 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 657 000	17 100 000	17 700 000	18 300 000
Creditors	547 000	515 000	392 000	245 000
Unpaid Taxes	223 000	116 000	0	190 000
Dividends	0	0	0	0
Other Current Debt	554 000	413 000	86 000	262 000
Total Current Debt	1 325 000	1 043 000	479 000	697 000
Total Equity and Debt	35 325 000	25 637 000	21 069 000	23 326 000

Financial indicators	2022	2021	2020	2019
Return on Equity	56,8 %	61,43 %	−49,74 %	5,04 %
Debt-to-Equity Ratio	0,96	2,28	6,12	4,23
Operating Profit Margin	152,02 %	184,42 %	−227,34 %	38,87 %
Current Ratio	5,6	2,58	3,47	5,06
Quick Ratio	5,6	2,58	3,47	5,06
Equity Ratio	0,49	0,29	0,14	0,19
Gross Profit Margin	100 %	100 %	100 %	100 %