AVA OF NORWAY AS

5011 BERGEN

Finances

Share Ownership

Return on Equity

−72,45 %

Current Ratio

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2021	2020	2019	2018
Revenue	138 183 000	87 274 000	56 094 000	23 365 000
Net Income	−13 969 000	−4 280 000	−965 000	1 367 000
Total Assets	135 327 000	62 650 000	82 616 000	29 111 000
Total Equity	19 282 000	33 251 000	31 332 000	8 106 000

Income (NOK)	2021	2020	2019	2018
Revenue	138 183 000	87 274 000	56 094 000	23 365 000
Expenditure	149 362 000	90 568 000	55 181 000	20 869 000
Operating Profit	−11 179 000	−3 294 000	912 000	2 495 000
Financial Income	417 000	5 061 000	56 000	71 000
Financial Costs	3 207 000	6 047 000	1 934 000	1 199 000
Financial Balance	−2 790 000	−986 000	−1 878 000	−1 128 000
Earnings Before Tax	−13 969 000	−4 280 000	−965 000	1 367 000
Tax	0	0	0	0
Net Income	−13 969 000	−4 280 000	−965 000	1 367 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	19 326 000	20 592 000	15 456 000	12 570 000
Total Current Assets	116 001 000	42 058 000	67 160 000	16 541 000
Total Assets	135 327 000	62 650 000	82 616 000	29 111 000
Total Retained Equity	0	0	140 000	1 106 000
Total Equity	19 282 000	33 251 000	31 332 000	8 106 000
Total Long-Term Debt	444 000	1 267 000	1 704 000	2 129 000
Total Current Debt	115 600 000	28 132 000	49 580 000	18 876 000
Total Equity and Debt	135 327 000	62 650 000	82 616 000	29 111 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	138 183 000	87 273 000	56 094 000	23 365 000
Other Income	0	0	0	0
Revenue	138 183 000	87 274 000	56 094 000	23 365 000
Cost of Goods Sold	100 049 000	65 172 000	41 358 000	14 948 000
Salary Costs	15 074 000	7 781 000	5 433 000	2 504 000
Depreciation	4 428 000	2 859 000	2 534 000	1 020 000
Impairment	0	0	0	0
Expenditure	149 362 000	90 568 000	55 181 000	20 869 000
Operating Profit	−11 179 000	−3 294 000	912 000	2 495 000
Financial Income	417 000	5 061 000	56 000	71 000
Financial Costs	3 207 000	6 047 000	1 934 000	1 199 000
Financial Balance	−2 790 000	−986 000	−1 878 000	−1 128 000
Dividends	0	0	0	0
Net Income	−13 969 000	−4 280 000	−965 000	1 367 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	6 048 000	6 381 000	3 620 000	2 108 000
Real Eastate	0	30 000	209 000	219 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	12 963 000	13 865 000	11 627 000	10 243 000
Total Tangible Assets	12 963 000	13 895 000	11 836 000	10 462 000
Total Fiancial Fixed Assets	316 000	316 000	0	0
Total Fixed Assets	19 326 000	20 592 000	15 456 000	12 570 000
Stock	80 904 000	21 618 000	25 771 000	3 254 000
Total Investments	0	0	0	0
Cash, Bank	2 205 000	2 729 000	5 097 000	117 000
Total Current Assets	116 001 000	42 058 000	67 160 000	16 541 000
Total Assets	135 327 000	62 650 000	82 616 000	29 111 000
Total Equity	19 282 000	33 251 000	31 332 000	8 106 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	444 000	1 267 000	1 704 000	2 129 000
Creditors	56 955 000	10 811 000	27 179 000	6 560 000
Unpaid Taxes	342 000	792 000	959 000	232 000
Dividends	0	0	0	0
Other Current Debt	7 552 000	2 608 000	9 366 000	6 041 000
Total Current Debt	115 600 000	28 132 000	49 580 000	18 876 000
Total Equity and Debt	135 327 000	62 650 000	82 616 000	29 111 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−72,45 %	−12,87 %	−3,08 %	16,86 %
Debt-to-Equity Ratio	0,02	0,04	0,05	0,26
Operating Profit Margin	−8,09 %	−3,77 %	1,63 %	10,68 %
Current Ratio	1	1,5	1,35	0,88
Quick Ratio	3,34	6,46	2,82	1,06
Equity Ratio	0,14	0,53	0,38	0,28
Gross Profit Margin	27,6 %	25,32 %	26,27 %	36,02 %