KVALNES AS

6090 FOSNAVÅG

Finances

Share Ownership

Return on Equity

−23,52 %

Current Ratio

1,28

Debt-to-Equity Ratio

18,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 015 000	29 281 000	16 326 000	2 500 000
Net Income	−1 860 000	−5 291 000	1 411 000	−737 000
Total Assets	159 281 000	138 115 000	140 730 000	60 442 000
Total Equity	7 909 000	9 769 000	15 060 000	13 649 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 015 000	29 281 000	16 326 000	2 500 000
Expenditure	40 628 000	32 051 000	12 300 000	1 897 000
Operating Profit	2 387 000	−2 769 000	4 027 000	604 000
Financial Income	45 000	5 000	15 000	4 000
Financial Costs	4 817 000	3 480 000	2 822 000	2 031 000
Financial Balance	−4 772 000	−3 475 000	−2 807 000	−2 027 000
Earnings Before Tax	−2 385 000	−6 244 000	1 220 000	−1 423 000
Tax	−525 000	−953 000	−191 000	−686 000
Net Income	−1 860 000	−5 291 000	1 411 000	−737 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	151 988 000	133 001 000	138 961 000	55 941 000
Total Current Assets	7 292 000	5 115 000	1 769 000	4 501 000
Total Assets	159 281 000	138 115 000	140 730 000	60 442 000
Total Retained Equity	0	219 000	5 510 000	4 099 000
Total Equity	7 909 000	9 769 000	15 060 000	13 649 000
Total Long-Term Debt	145 683 000	124 636 000	124 007 000	46 297 000
Total Current Debt	5 688 000	3 710 000	1 662 000	496 000
Total Equity and Debt	159 281 000	138 115 000	140 730 000	60 442 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	42 737 000	29 087 000	11 715 000	2 500 000
Other Income	278 000	194 000	4 611 000	0
Revenue	43 015 000	29 281 000	16 326 000	2 500 000
Cost of Goods Sold	0	0	0	0
Salary Costs	15 286 000	12 786 000	5 254 000	249 000
Depreciation	6 896 000	6 898 000	3 320 000	884 000
Impairment	0	0	0	0
Expenditure	40 628 000	32 051 000	12 300 000	1 897 000
Operating Profit	2 387 000	−2 769 000	4 027 000	604 000
Financial Income	45 000	5 000	15 000	4 000
Financial Costs	4 817 000	3 480 000	2 822 000	2 031 000
Financial Balance	−4 772 000	−3 475 000	−2 807 000	−2 027 000
Dividends	0	0	0	0
Net Income	−1 860 000	−5 291 000	1 411 000	−737 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	67 870 000	45 371 000	47 950 000	17 825 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 237 000	1 094 000	821 000	177 000
Total Tangible Assets	84 118 000	87 630 000	91 011 000	38 116 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	151 988 000	133 001 000	138 961 000	55 941 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 667 000	3 935 000	1 299 000	2 267 000
Total Current Assets	7 292 000	5 115 000	1 769 000	4 501 000
Total Assets	159 281 000	138 115 000	140 730 000	60 442 000
Total Equity	7 909 000	9 769 000	15 060 000	13 649 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	145 683 000	124 636 000	124 007 000	46 297 000
Creditors	3 218 000	1 902 000	562 000	116 000
Unpaid Taxes	1 392 000	795 000	690 000	327 000
Dividends	0	0	0	0
Other Current Debt	1 079 000	1 013 000	410 000	53 000
Total Current Debt	5 688 000	3 710 000	1 662 000	496 000
Total Equity and Debt	159 281 000	138 115 000	140 730 000	60 442 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,52 %	−54,16 %	9,37 %	−5,4 %
Debt-to-Equity Ratio	18,42	12,76	8,23	3,39
Operating Profit Margin	5,55 %	−9,46 %	24,67 %	24,16 %
Current Ratio	1,28	1,38	1,06	9,07
Quick Ratio	1,28	1,38	1,06	9,07
Equity Ratio	0,05	0,07	0,11	0,23
Gross Profit Margin	100 %	100 %	100 %	100 %