ARVAL AS

0484 OSLO

Finances

Share Ownership

Return on Equity

−28,27 %

Current Ratio

1,62

Debt-to-Equity Ratio

11,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	213 134 000	135 400 000	77 844 000	30 219 000
Net Income	−22 681 000	−19 197 000	−18 728 000	−18 382 000
Total Assets	1 065 459 000	721 756 000	422 738 000	207 214 000
Total Equity	80 228 000	55 895 000	26 092 000	19 819 000

Income (NOK)	2022	2021	2020	2019
Revenue	213 134 000	135 400 000	77 844 000	30 219 000
Expenditure	223 774 000	150 944 000	95 761 000	51 069 000
Operating Profit	−10 640 000	−15 544 000	−17 917 000	−20 850 000
Financial Income	0	0	0	4 000
Financial Costs	18 443 000	9 067 000	6 092 000	2 716 000
Financial Balance	−18 443 000	−9 067 000	−6 092 000	−2 712 000
Earnings Before Tax	−29 083 000	−24 611 000	−24 010 000	−23 563 000
Tax	−6 402 000	−5 414 000	−5 282 000	−5 180 000
Net Income	−22 681 000	−19 197 000	−18 728 000	−18 382 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	967 739 000	624 136 000	334 526 000	177 839 000
Total Current Assets	97 720 000	97 621 000	88 212 000	29 375 000
Total Assets	1 065 459 000	721 756 000	422 738 000	207 214 000
Total Retained Equity	−98 447 000	−75 780 000	0	0
Total Equity	80 228 000	55 895 000	26 092 000	19 819 000
Total Long-Term Debt	924 742 000	622 864 000	370 948 000	172 743 000
Total Current Debt	60 489 000	42 997 000	25 698 000	14 652 000
Total Equity and Debt	1 065 459 000	721 756 000	422 738 000	207 214 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	213 134 000	135 400 000	77 844 000	30 219 000
Other Income	0	0	0	0
Revenue	213 134 000	135 400 000	77 844 000	30 219 000
Cost of Goods Sold	178 470 000	114 036 000	64 168 000	25 660 000
Salary Costs	30 314 000	24 755 000	11 992 000	10 452 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	223 774 000	150 944 000	95 761 000	51 069 000
Operating Profit	−10 640 000	−15 544 000	−17 917 000	−20 850 000
Financial Income	0	0	0	4 000
Financial Costs	18 443 000	9 067 000	6 092 000	2 716 000
Financial Balance	−18 443 000	−9 067 000	−6 092 000	−2 712 000
Dividends	0	0	0	0
Net Income	−22 681 000	−19 197 000	−18 728 000	−18 382 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	27 761 000	21 364 000	15 949 000	10 667 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	934 711 000	598 371 000	314 729 000	165 008 000
Fixtures	5 267 000	4 401 000	3 848 000	2 164 000
Total Tangible Assets	939 978 000	602 772 000	318 577 000	167 172 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	967 739 000	624 136 000	334 526 000	177 839 000
Stock	1 805 000	823 000	0	0
Total Investments	0	0	0	0
Cash, Bank	10 527 000	48 252 000	56 419 000	11 901 000
Total Current Assets	97 720 000	97 621 000	88 212 000	29 375 000
Total Assets	1 065 459 000	721 756 000	422 738 000	207 214 000
Total Equity	80 228 000	55 895 000	26 092 000	19 819 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	924 742 000	622 864 000	370 948 000	172 743 000
Creditors	17 189 000	12 014 000	6 013 000	4 948 000
Unpaid Taxes	18 148 000	15 528 000	10 776 000	4 956 000
Dividends	0	0	0	0
Other Current Debt	25 151 000	15 455 000	8 910 000	4 748 000
Total Current Debt	60 489 000	42 997 000	25 698 000	14 652 000
Total Equity and Debt	1 065 459 000	721 756 000	422 738 000	207 214 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−28,27 %	−34,34 %	−71,78 %	−92,75 %
Debt-to-Equity Ratio	11,53	11,14	14,22	8,72
Operating Profit Margin	−4,99 %	−11,48 %	−23,02 %	−69 %
Current Ratio	1,62	2,27	3,43	2
Quick Ratio	1,67	2,31	3,43	2
Equity Ratio	0,08	0,08	0,06	0,1
Gross Profit Margin	16,26 %	15,78 %	17,57 %	15,09 %