VIDAR ELVAN AS

8480 ANDENES

Finances

Share Ownership

Return on Equity

−4,42 %

Current Ratio

31,65

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020
Revenue	151 000	33 588 000	3 023 000
Net Income	−1 054 000	23 695 000	851 000
Total Assets	29 195 000	32 150 000	2 240 000
Total Equity	23 857 000	24 912 000	1 217 000

Income (NOK)	2022	2021	2020
Revenue	151 000	33 588 000	3 023 000
Expenditure	1 913 000	3 278 000	2 184 000
Operating Profit	−1 763 000	30 310 000	839 000
Financial Income	489 000	68 000	21 000
Financial Costs	61 000	0	9 000
Financial Balance	428 000	68 000	12 000
Earnings Before Tax	−1 335 000	30 378 000	851 000
Tax	−280 000	6 683 000	0
Net Income	−1 054 000	23 695 000	851 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	3 495 000	5 879 000	115 000
Total Current Assets	25 700 000	26 271 000	2 125 000
Total Assets	29 195 000	32 150 000	2 240 000
Total Retained Equity	23 305 000	0	0
Total Equity	23 857 000	24 912 000	1 217 000
Total Long-Term Debt	4 526 000	5 612 000	554 000
Total Current Debt	812 000	1 627 000	469 000
Total Equity and Debt	29 195 000	32 150 000	2 240 000

Cash flow (NOK)	2022	2021	2020
Sales Income	151 000	1 703 000	3 023 000
Other Income	0	31 885 000	0
Revenue	151 000	33 588 000	3 023 000
Cost of Goods Sold	0	0	0
Salary Costs	1 127 000	1 774 000	1 747 000
Depreciation	375 000	630 000	19 000
Impairment	0	0	0
Expenditure	1 913 000	3 278 000	2 184 000
Operating Profit	−1 763 000	30 310 000	839 000
Financial Income	489 000	68 000	21 000
Financial Costs	61 000	0	9 000
Financial Balance	428 000	68 000	12 000
Dividends	0	0	0
Net Income	−1 054 000	23 695 000	851 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	3 495 000	3 870 000	115 000
Total Fiancial Fixed Assets	0	2 009 000	0
Total Fixed Assets	3 495 000	5 879 000	115 000
Stock	0	0	0
Total Investments	1 941 000	0	0
Cash, Bank	23 719 000	26 271 000	2 121 000
Total Current Assets	25 700 000	26 271 000	2 125 000
Total Assets	29 195 000	32 150 000	2 240 000
Total Equity	23 857 000	24 912 000	1 217 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	4 526 000	5 612 000	554 000
Creditors	6 000	0	0
Unpaid Taxes	0	35 000	283 000
Dividends	0	0	0
Other Current Debt	0	520 000	0
Total Current Debt	812 000	1 627 000	469 000
Total Equity and Debt	29 195 000	32 150 000	2 240 000

Financial indicators	2022	2021	2020
Return on Equity	−4,42 %	95,11 %	69,93 %
Debt-to-Equity Ratio	0,19	0,23	0,46
Operating Profit Margin	−1 167,55 %	90,24 %	27,75 %
Current Ratio	31,65	16,15	4,53
Quick Ratio	31,65	16,15	4,53
Equity Ratio	0,82	0,77	0,54
Gross Profit Margin	100 %	100 %	100 %