ERVIK MASKIN AS

5106 ØVRE ERVIK

Finances

Share Ownership

Return on Equity

67,85 %

Current Ratio

2,61

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020
Revenue	1 858 000	1 348 000	1 945 000
Net Income	690 000	165 000	160 000
Total Assets	1 626 000	602 000	838 000
Total Equity	1 017 000	355 000	190 000

Income (NOK)	2022	2021	2020
Revenue	1 858 000	1 348 000	1 945 000
Expenditure	991 000	1 176 000	1 736 000
Operating Profit	866 000	172 000	209 000
Financial Income	1 000	0	0
Financial Costs	19 000	8 000	4 000
Financial Balance	−18 000	−8 000	−4 000
Earnings Before Tax	849 000	164 000	205 000
Tax	158 000	−1 000	45 000
Net Income	690 000	165 000	160 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	262 000	70 000	35 000
Total Current Assets	1 364 000	532 000	803 000
Total Assets	1 626 000	602 000	838 000
Total Retained Equity	987 000	325 000	160 000
Total Equity	1 017 000	355 000	190 000
Total Long-Term Debt	58 000	16 000	8 000
Total Current Debt	523 000	231 000	640 000
Total Equity and Debt	1 598 000	602 000	838 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 858 000	1 348 000	1 945 000
Other Income	0	0	0
Revenue	1 858 000	1 348 000	1 945 000
Cost of Goods Sold	309 000	384 000	558 000
Salary Costs	11 000	233 000	256 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	991 000	1 176 000	1 736 000
Operating Profit	866 000	172 000	209 000
Financial Income	1 000	0	0
Financial Costs	19 000	8 000	4 000
Financial Balance	−18 000	−8 000	−4 000
Dividends	0	0	0
Net Income	690 000	165 000	160 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	35 000	35 000	0
Machinery and Plant Facilities	57 000	0	0
Fixtures	170 000	35 000	35 000
Total Tangible Assets	262 000	70 000	35 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	262 000	70 000	35 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 091 000	139 000	559 000
Total Current Assets	1 364 000	532 000	803 000
Total Assets	1 626 000	602 000	838 000
Total Equity	1 017 000	355 000	190 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	58 000	16 000	8 000
Creditors	286 000	127 000	373 000
Unpaid Taxes	259 000	204 000	206 000
Dividends	0	0	0
Other Current Debt	21 000	21 000	24 000
Total Current Debt	523 000	231 000	640 000
Total Equity and Debt	1 598 000	602 000	838 000

Financial indicators	2022	2021	2020
Return on Equity	67,85 %	46,48 %	84,21 %
Debt-to-Equity Ratio	0,06	0,05	0,04
Operating Profit Margin	46,61 %	12,76 %	10,75 %
Current Ratio	2,61	2,3	1,25
Quick Ratio	2,61	2,3	1,25
Equity Ratio	0,63	0,59	0,23
Gross Profit Margin	83,37 %	71,51 %	71,31 %