ANDVARI INVESTMENT RESEARCH AS

1368 STABEKK

Finances

Return on Equity

24,45 %

Current Ratio

127,67

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	48 741 000	25 401 000	−2 753 000	1 703 000
Total Assets	200 446 000	150 737 000	135 998 000	138 698 000
Total Equity	199 355 000	150 613 000	135 826 000	138 579 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	621 000	497 000	320 000	263 000
Operating Profit	−621 000	−497 000	−320 000	−263 000
Financial Income	68 553 000	34 336 000	13 689 000	4 838 000
Financial Costs	18 905 000	8 438 000	16 032 000	2 776 000
Financial Balance	49 648 000	25 898 000	−2 343 000	2 062 000
Earnings Before Tax	49 027 000	25 401 000	−2 662 000	1 799 000
Tax	286 000	0	91 000	97 000
Net Income	48 741 000	25 401 000	−2 753 000	1 703 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	61 035 000	0	0	0
Total Current Assets	139 412 000	150 737 000	135 998 000	138 698 000
Total Assets	200 446 000	150 737 000	135 998 000	138 698 000
Total Retained Equity	199 325 000	150 583 000	135 796 000	138 549 000
Total Equity	199 355 000	150 613 000	135 826 000	138 579 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 092 000	124 000	172 000	119 000
Total Equity and Debt	200 446 000	150 737 000	135 998 000	138 698 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	263 000	262 000	0	126 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	621 000	497 000	320 000	263 000
Operating Profit	−621 000	−497 000	−320 000	−263 000
Financial Income	68 553 000	34 336 000	13 689 000	4 838 000
Financial Costs	18 905 000	8 438 000	16 032 000	2 776 000
Financial Balance	49 648 000	25 898 000	−2 343 000	2 062 000
Dividends	0	9 700 000	0	0
Net Income	48 741 000	25 401 000	−2 753 000	1 703 000

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	61 035 000	0	0	0
Total Fixed Assets	61 035 000	0	0	0
Stock	0	0	0	0
Total Investments	118 129 000	127 060 000	108 388 000	105 668 000
Cash, Bank	12 953 000	23 677 000	26 822 000	31 029 000
Total Current Assets	139 412 000	150 737 000	135 998 000	138 698 000
Total Assets	200 446 000	150 737 000	135 998 000	138 698 000
Total Equity	199 355 000	150 613 000	135 826 000	138 579 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	6 000	10 000	0	0
Dividends	0	9 700 000	0	0
Other Current Debt	800 000	114 000	81 000	58 000
Total Current Debt	1 092 000	124 000	172 000	119 000
Total Equity and Debt	200 446 000	150 737 000	135 998 000	138 698 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,45 %	16,87 %	−2,03 %	1,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	-
Current Ratio	127,67	1 215,62	790,69	1 165,53
Quick Ratio	127,67	1 215,62	790,69	1 165,53
Equity Ratio	0,99	1	1	1
Gross Profit Margin	-	-	-	-