FARVATN VENTURE AS

5008 BERGEN

Finances

Return on Equity

−6,6 %

Current Ratio

0,48

Debt-to-Equity Ratio

0,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−11 596 000	7 696 000	−7 966 000	−13 085 000
Total Assets	359 138 000	302 489 000	278 079 000	271 734 000
Total Equity	175 645 000	186 022 000	172 477 000	166 215 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	21 278 000	12 106 000	12 436 000	8 074 000
Operating Profit	−21 278 000	−12 105 000	−12 435 000	−8 074 000
Financial Income	18 026 000	22 509 000	9 745 000	517 000
Financial Costs	8 345 000	4 658 000	10 019 000	5 528 000
Financial Balance	9 681 000	17 851 000	−274 000	−5 011 000
Earnings Before Tax	−11 596 000	5 746 000	−12 709 000	−13 085 000
Tax	0	−1 950 000	−4 743 000	0
Net Income	−11 596 000	7 696 000	−7 966 000	−13 085 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	325 478 000	277 356 000	235 264 000	215 178 000
Total Current Assets	33 661 000	25 133 000	42 816 000	56 556 000
Total Assets	359 138 000	302 489 000	278 079 000	271 734 000
Total Retained Equity	−31 226 000	−20 855 000	−28 551 000	−20 585 000
Total Equity	175 645 000	186 022 000	172 477 000	166 215 000
Total Long-Term Debt	113 837 000	109 331 000	97 496 000	94 844 000
Total Current Debt	69 657 000	7 135 000	8 106 000	10 675 000
Total Equity and Debt	359 138 000	302 489 000	278 079 000	271 734 000

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	1 000	0	0
Salary Costs	11 714 000	10 259 000	9 068 000	6 755 000
Depreciation	37 000	37 000	25 000	0
Impairment	7 069 000	0	0	0
Expenditure	21 278 000	12 106 000	12 436 000	8 074 000
Operating Profit	−21 278 000	−12 105 000	−12 435 000	−8 074 000
Financial Income	18 026 000	22 509 000	9 745 000	517 000
Financial Costs	8 345 000	4 658 000	10 019 000	5 528 000
Financial Balance	9 681 000	17 851 000	−274 000	−5 011 000
Dividends	0	0	0	0
Net Income	−11 596 000	7 696 000	−7 966 000	−13 085 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 287 000	49 000	86 000	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	309 190 000	277 307 000	235 178 000	215 178 000
Total Fixed Assets	325 478 000	277 356 000	235 264 000	215 178 000
Stock	0	0	0	0
Total Investments	1 371 000	4 809 000	13 851 000	50 949 000
Cash, Bank	24 935 000	12 375 000	1 487 000	4 058 000
Total Current Assets	33 661 000	25 133 000	42 816 000	56 556 000
Total Assets	359 138 000	302 489 000	278 079 000	271 734 000
Total Equity	175 645 000	186 022 000	172 477 000	166 215 000
Short-Term Group Debt	0	0	0	6 270 000
Total Long-Term Debt	113 837 000	109 331 000	97 496 000	94 844 000
Creditors	120 000	22 000	132 000	267 000
Unpaid Taxes	443 000	291 000	285 000	297 000
Dividends	0	0	0	0
Other Current Debt	69 094 000	6 822 000	7 689 000	3 840 000
Total Current Debt	69 657 000	7 135 000	8 106 000	10 675 000
Total Equity and Debt	359 138 000	302 489 000	278 079 000	271 734 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,6 %	4,14 %	−4,62 %	−7,87 %
Debt-to-Equity Ratio	0,65	0,59	0,57	0,57
Operating Profit Margin	-	-	-	-
Current Ratio	0,48	3,52	5,28	5,3
Quick Ratio	0,48	3,52	5,28	5,3
Equity Ratio	0,49	0,61	0,62	0,61
Gross Profit Margin	-	-	-	-