KANNESTEIN AS

3080 HOLMESTRAND

Finances

Share Ownership

Return on Equity

28 %

Current Ratio

3,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	496 000	271 000	199 000	722 000
Net Income	98 000	10 000	−27 000	69 000
Total Assets	484 000	305 000	38 000	267 000
Total Equity	350 000	251 000	−9 000	18 000

Income (NOK)	2022	2021	2020	2019
Revenue	496 000	271 000	199 000	722 000
Expenditure	370 000	257 000	234 000	630 000
Operating Profit	125 000	13 000	−35 000	91 000
Financial Income	3 000	0	1 000	0
Financial Costs	0	1 000	0	1 000
Financial Balance	3 000	−1 000	1 000	−1 000
Earnings Before Tax	128 000	13 000	−35 000	91 000
Tax	29 000	3 000	−8 000	22 000
Net Income	98 000	10 000	−27 000	69 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	16 000	16 000	16 000
Total Current Assets	468 000	290 000	23 000	251 000
Total Assets	484 000	305 000	38 000	267 000
Total Retained Equity	70 000	−29 000	−39 000	−12 000
Total Equity	350 000	251 000	−9 000	18 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	134 000	54 000	47 000	249 000
Total Equity and Debt	484 000	305 000	38 000	267 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	496 000	271 000	4 000	722 000
Other Income	0	0	194 000	0
Revenue	496 000	271 000	199 000	722 000
Cost of Goods Sold	27 000	0	2 000	0
Salary Costs	8 000	4 000	9 000	379 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	370 000	257 000	234 000	630 000
Operating Profit	125 000	13 000	−35 000	91 000
Financial Income	3 000	0	1 000	0
Financial Costs	0	1 000	0	1 000
Financial Balance	3 000	−1 000	1 000	−1 000
Dividends	0	0	0	0
Net Income	98 000	10 000	−27 000	69 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	16 000	16 000	16 000	16 000
Total Fixed Assets	16 000	16 000	16 000	16 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	214 000	281 000	14 000	237 000
Total Current Assets	468 000	290 000	23 000	251 000
Total Assets	484 000	305 000	38 000	267 000
Total Equity	350 000	251 000	−9 000	18 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	12 000	11 000	15 000	0
Unpaid Taxes	15 000	32 000	22 000	196 000
Dividends	0	0	0	0
Other Current Debt	78 000	9 000	10 000	31 000
Total Current Debt	134 000	54 000	47 000	249 000
Total Equity and Debt	484 000	305 000	38 000	267 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28 %	3,98 %	300 %	383,33 %
Debt-to-Equity Ratio	0	0	−0	0
Operating Profit Margin	25,2 %	4,8 %	−17,59 %	12,6 %
Current Ratio	3,49	5,37	0,49	1,01
Quick Ratio	3,49	5,37	0,49	1,01
Equity Ratio	0,72	0,82	−0,24	0,07
Gross Profit Margin	94,56 %	100 %	98,99 %	100 %