ERVIK & SÆVIK AS

6092 FOSNAVÅG

Finances

Return on Equity

3,2 %

Current Ratio

3,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	5 799 000	80 747 000	2 614 000
Net Income	10 824 000	−7 022 000	19 693 000
Total Assets	352 961 000	732 923 000	342 857 000
Total Equity	338 095 000	245 039 000	329 474 000

Income (NOK)	2022	2021	2020
Revenue	5 799 000	80 747 000	2 614 000
Expenditure	7 899 000	76 923 000	2 962 000
Operating Profit	−2 100 000	3 825 000	−347 000
Financial Income	16 321 000	550 000	20 049 000
Financial Costs	814 000	8 879 000	0
Financial Balance	15 507 000	−8 329 000	20 049 000
Earnings Before Tax	13 407 000	−4 504 000	19 702 000
Tax	2 583 000	2 517 000	9 000
Net Income	10 824 000	−7 022 000	19 693 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	304 156 000	676 721 000	292 196 000
Total Current Assets	48 805 000	56 202 000	50 661 000
Total Assets	352 961 000	732 923 000	342 857 000
Total Retained Equity	27 504 000	0	18 884 000
Total Equity	338 095 000	245 039 000	329 474 000
Total Long-Term Debt	0	415 194 000	0
Total Current Debt	14 867 000	72 690 000	13 383 000
Total Equity and Debt	352 961 000	732 923 000	342 857 000

Cash flow (NOK)	2022	2021	2020
Sales Income	5 799 000	80 182 000	2 614 000
Other Income	0	565 000	0
Revenue	5 799 000	80 747 000	2 614 000
Cost of Goods Sold	0	3 891 000	0
Salary Costs	4 169 000	26 499 000	1 561 000
Depreciation	6 000	27 373 000	163 000
Impairment	0	0	0
Expenditure	7 899 000	76 923 000	2 962 000
Operating Profit	−2 100 000	3 825 000	−347 000
Financial Income	16 321 000	550 000	20 049 000
Financial Costs	814 000	8 879 000	0
Financial Balance	15 507 000	−8 329 000	20 049 000
Dividends	2 000 000	0	804 000
Net Income	10 824 000	−7 022 000	19 693 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	410 000	356 433 000	409 000
Real Eastate	0	81 822 000	0
Machinery and Plant Facilities	0	0	0
Fixtures	4 753 000	7 108 000	2 754 000
Total Tangible Assets	4 753 000	319 375 000	2 754 000
Total Fiancial Fixed Assets	298 993 000	913 000	289 033 000
Total Fixed Assets	304 156 000	676 721 000	292 196 000
Stock	0	2 296 000	0
Total Investments	0	6 440 000	4 549 000
Cash, Bank	2 376 000	44 535 000	7 865 000
Total Current Assets	48 805 000	56 202 000	50 661 000
Total Assets	352 961 000	732 923 000	342 857 000
Total Equity	338 095 000	245 039 000	329 474 000
Short-Term Group Debt	11 691 000	0	12 000 000
Total Long-Term Debt	0	415 194 000	0
Creditors	411 000	8 353 000	156 000
Unpaid Taxes	509 000	8 204 000	308 000
Dividends	2 000 000	0	804 000
Other Current Debt	256 000	8 158 000	116 000
Total Current Debt	14 867 000	72 690 000	13 383 000
Total Equity and Debt	352 961 000	732 923 000	342 857 000

Financial indicators	2022	2021	2020
Return on Equity	3,2 %	−2,87 %	5,98 %
Debt-to-Equity Ratio	0	1,69	0
Operating Profit Margin	−36,21 %	4,74 %	−13,27 %
Current Ratio	3,28	0,77	3,79
Quick Ratio	3,28	0,8	3,79
Equity Ratio	0,96	0,33	0,96
Gross Profit Margin	100 %	95,18 %	100 %