ARVEN AS

5003 BERGEN

Finances

Return on Equity

−20,28 %

Current Ratio

2,54

Debt-to-Equity Ratio

0,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 148 000	20 659 000	22 030 000	27 120 000
Net Income	−2 228 000	−1 028 000	−1 185 000	−4 498 000
Total Assets	21 099 000	21 203 000	22 597 000	24 627 000
Total Equity	10 986 000	13 214 000	14 243 000	15 428 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 148 000	20 659 000	22 030 000	27 120 000
Expenditure	24 920 000	21 277 000	22 833 000	30 960 000
Operating Profit	−1 772 000	−619 000	−803 000	−3 840 000
Financial Income	31 000	15 000	75 000	41 000
Financial Costs	487 000	424 000	457 000	700 000
Financial Balance	−456 000	−409 000	−382 000	−659 000
Earnings Before Tax	−2 228 000	−1 028 000	−1 185 000	−4 498 000
Tax	0	0	0	0
Net Income	−2 228 000	−1 028 000	−1 185 000	−4 498 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 609 000	2 942 000	3 663 000	4 198 000
Total Current Assets	18 491 000	18 260 000	18 934 000	20 429 000
Total Assets	21 099 000	21 203 000	22 597 000	24 627 000
Total Retained Equity	0	0	0	0
Total Equity	10 986 000	13 214 000	14 243 000	15 428 000
Total Long-Term Debt	2 829 000	3 000 000	3 000 000	0
Total Current Debt	7 284 000	4 988 000	5 354 000	9 199 000
Total Equity and Debt	21 099 000	21 203 000	22 597 000	24 627 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 842 000	20 611 000	21 814 000	27 019 000
Other Income	305 000	48 000	216 000	101 000
Revenue	23 148 000	20 659 000	22 030 000	27 120 000
Cost of Goods Sold	7 000 000	6 012 000	6 175 000	7 773 000
Salary Costs	11 351 000	9 407 000	11 032 000	15 137 000
Depreciation	620 000	686 000	712 000	664 000
Impairment	0	0	0	0
Expenditure	24 920 000	21 277 000	22 833 000	30 960 000
Operating Profit	−1 772 000	−619 000	−803 000	−3 840 000
Financial Income	31 000	15 000	75 000	41 000
Financial Costs	487 000	424 000	457 000	700 000
Financial Balance	−456 000	−409 000	−382 000	−659 000
Dividends	0	0	0	0
Net Income	−2 228 000	−1 028 000	−1 185 000	−4 498 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	166 000	305 000	425 000	553 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 149 000	2 589 000	3 086 000	3 645 000
Total Tangible Assets	2 149 000	2 589 000	3 086 000	3 645 000
Total Fiancial Fixed Assets	294 000	49 000	152 000	0
Total Fixed Assets	2 609 000	2 942 000	3 663 000	4 198 000
Stock	16 670 000	16 091 000	16 477 000	17 470 000
Total Investments	0	0	0	0
Cash, Bank	410 000	358 000	427 000	517 000
Total Current Assets	18 491 000	18 260 000	18 934 000	20 429 000
Total Assets	21 099 000	21 203 000	22 597 000	24 627 000
Total Equity	10 986 000	13 214 000	14 243 000	15 428 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 829 000	3 000 000	3 000 000	0
Creditors	342 000	608 000	375 000	897 000
Unpaid Taxes	1 705 000	1 748 000	2 033 000	2 088 000
Dividends	0	0	0	0
Other Current Debt	1 863 000	1 463 000	1 685 000	1 897 000
Total Current Debt	7 284 000	4 988 000	5 354 000	9 199 000
Total Equity and Debt	21 099 000	21 203 000	22 597 000	24 627 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,28 %	−7,78 %	−8,32 %	−29,15 %
Debt-to-Equity Ratio	0,26	0,23	0,21	0
Operating Profit Margin	−7,66 %	−3 %	−3,65 %	−14,16 %
Current Ratio	2,54	3,66	3,54	2,22
Quick Ratio	−1,97	−1,64	−1,7	−2,47
Equity Ratio	0,52	0,62	0,63	0,63
Gross Profit Margin	69,76 %	70,9 %	71,97 %	71,34 %