ERVIK UTVIKLING AS

5105 EIDSVÅG I ÅSANE

Finances

Share Ownership

Return on Equity

−20,6 %

Current Ratio

1,26

Debt-to-Equity Ratio

−5,39

Key figures (NOK)	2021	2020	2019	2018
Revenue	371 000	583 000	561 000	304 000
Net Income	304 000	−1 188 000	−653 000	−44 000
Total Assets	6 606 000	14 081 000	18 016 000	−23 000
Total Equity	−1 476 000	−1 855 000	−667 000	−14 000

Income (NOK)	2021	2020	2019	2018
Revenue	371 000	583 000	561 000	304 000
Expenditure	−26 000	1 117 000	648 000	232 000
Operating Profit	396 000	−534 000	−88 000	72 000
Financial Income	0	0	0	1 000
Financial Costs	6 000	760 000	749 000	116 000
Financial Balance	−6 000	−760 000	−749 000	−115 000
Earnings Before Tax	390 000	−1 294 000	−837 000	−44 000
Tax	86 000	−106 000	−184 000	0
Net Income	304 000	−1 188 000	−653 000	−44 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	6 443 000	13 693 000	17 943 000	−86 000
Total Current Assets	164 000	388 000	72 000	63 000
Total Assets	6 606 000	14 081 000	18 016 000	−23 000
Total Retained Equity	−1 506 000	−1 885 000	−697 000	−44 000
Total Equity	−1 476 000	−1 855 000	−667 000	−14 000
Total Long-Term Debt	7 952 000	15 443 000	18 668 000	4 401 000
Total Current Debt	130 000	493 000	14 000	−4 410 000
Total Equity and Debt	6 606 000	14 081 000	18 016 000	−23 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	304 000
Other Income	371 000	583 000	561 000	0
Revenue	371 000	583 000	561 000	304 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	256 000	256 000	0
Impairment	0	0	0	0
Expenditure	−26 000	1 117 000	648 000	232 000
Operating Profit	396 000	−534 000	−88 000	72 000
Financial Income	0	0	0	1 000
Financial Costs	6 000	760 000	749 000	116 000
Financial Balance	−6 000	−760 000	−749 000	−115 000
Dividends	0	0	0	0
Net Income	304 000	−1 188 000	−653 000	−44 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	204 000	290 000	184 000	0
Real Eastate	6 227 000	13 403 000	13 659 000	7 689 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	6 227 000	13 403 000	13 659 000	7 689 000
Total Fiancial Fixed Assets	12 000	0	4 100 000	−7 775 000
Total Fixed Assets	6 443 000	13 693 000	17 943 000	−86 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	19 000	18 000	57 000	48 000
Total Current Assets	164 000	388 000	72 000	63 000
Total Assets	6 606 000	14 081 000	18 016 000	−23 000
Total Equity	−1 476 000	−1 855 000	−667 000	−14 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 952 000	15 443 000	18 668 000	4 401 000
Creditors	128 000	243 000	14 000	−4 410 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 000	250 000	0	0
Total Current Debt	130 000	493 000	14 000	−4 410 000
Total Equity and Debt	6 606 000	14 081 000	18 016 000	−23 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−20,6 %	64,04 %	97,9 %	314,29 %
Debt-to-Equity Ratio	−5,39	−8,33	−27,99	−314,36
Operating Profit Margin	106,74 %	−91,6 %	−15,69 %	23,68 %
Current Ratio	1,26	0,79	5,14	−0,01
Quick Ratio	1,26	0,79	5,14	−0,01
Equity Ratio	−0,22	−0,13	−0,04	0,61
Gross Profit Margin	100 %	100 %	100 %	100 %