THE KIT AS

4014 STAVANGER

Finances

Return on Equity

4,5 %

Current Ratio

2,13

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	893 000	1 119 000	1 073 000	950 000
Net Income	51 000	37 000	151 000	142 000
Total Assets	1 210 000	1 263 000	1 340 000	1 323 000
Total Equity	1 134 000	1 083 000	1 046 000	895 000

Income (NOK)	2022	2021	2020	2019
Revenue	893 000	1 119 000	1 073 000	950 000
Expenditure	792 000	1 061 000	874 000	907 000
Operating Profit	101 000	58 000	198 000	42 000
Financial Income	0	1 000	3 000	119 000
Financial Costs	35 000	11 000	9 000	12 000
Financial Balance	−35 000	−10 000	−6 000	107 000
Earnings Before Tax	65 000	48 000	192 000	149 000
Tax	15 000	11 000	41 000	7 000
Net Income	51 000	37 000	151 000	142 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 046 000	987 000	977 000	963 000
Total Current Assets	164 000	277 000	363 000	360 000
Total Assets	1 210 000	1 263 000	1 340 000	1 323 000
Total Retained Equity	1 104 000	1 053 000	1 016 000	865 000
Total Equity	1 134 000	1 083 000	1 046 000	895 000
Total Long-Term Debt	0	42 000	148 000	259 000
Total Current Debt	77 000	138 000	146 000	169 000
Total Equity and Debt	1 210 000	1 263 000	1 340 000	1 323 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	825 000	1 075 000	1 069 000	949 000
Other Income	68 000	45 000	4 000	1 000
Revenue	893 000	1 119 000	1 073 000	950 000
Cost of Goods Sold	581 000	852 000	676 000	653 000
Salary Costs	0	0	0	0
Depreciation	0	0	6 000	6 000
Impairment	0	0	0	0
Expenditure	792 000	1 061 000	874 000	907 000
Operating Profit	101 000	58 000	198 000	42 000
Financial Income	0	1 000	3 000	119 000
Financial Costs	35 000	11 000	9 000	12 000
Financial Balance	−35 000	−10 000	−6 000	107 000
Dividends	0	0	0	0
Net Income	51 000	37 000	151 000	142 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	19 000	19 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	6 000
Total Tangible Assets	0	0	0	6 000
Total Fiancial Fixed Assets	1 027 000	967 000	957 000	957 000
Total Fixed Assets	1 046 000	987 000	977 000	963 000
Stock	24 000	30 000	16 000	8 000
Total Investments	0	0	3 000	0
Cash, Bank	103 000	118 000	146 000	192 000
Total Current Assets	164 000	277 000	363 000	360 000
Total Assets	1 210 000	1 263 000	1 340 000	1 323 000
Total Equity	1 134 000	1 083 000	1 046 000	895 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	42 000	148 000	259 000
Creditors	19 000	98 000	88 000	102 000
Unpaid Taxes	25 000	12 000	1 000	9 000
Dividends	0	0	0	0
Other Current Debt	18 000	17 000	16 000	51 000
Total Current Debt	77 000	138 000	146 000	169 000
Total Equity and Debt	1 210 000	1 263 000	1 340 000	1 323 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,5 %	3,42 %	14,44 %	15,87 %
Debt-to-Equity Ratio	0	0,04	0,14	0,29
Operating Profit Margin	11,31 %	5,18 %	18,45 %	4,42 %
Current Ratio	2,13	2,01	2,49	2,13
Quick Ratio	3,09	2,56	2,79	2,24
Equity Ratio	0,94	0,86	0,78	0,68
Gross Profit Margin	34,94 %	23,86 %	37 %	31,26 %