ELWARO BOATS AS

4885 GRIMSTAD

Finances

Share Ownership

Return on Equity

−3,32 %

Current Ratio

2,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	806 000	997 000	618 000	935 000
Net Income	−183 000	−12 000	−459 000	−689 000
Total Assets	6 467 000	5 693 000	5 557 000	5 650 000
Total Equity	5 508 000	5 301 000	5 246 000	5 351 000

Income (NOK)	2022	2021	2020	2019
Revenue	806 000	997 000	618 000	935 000
Expenditure	890 000	1 060 000	1 236 000	1 843 000
Operating Profit	−349 000	−62 000	−619 000	−908 000
Financial Income	120 000	52 000	30 000	25 000
Financial Costs	6 000	6 000	0	0
Financial Balance	114 000	46 000	30 000	25 000
Earnings Before Tax	−235 000	−16 000	−589 000	−883 000
Tax	−52 000	−3 000	−130 000	−194 000
Net Income	−183 000	−12 000	−459 000	−689 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 378 000	3 917 000	3 221 000	2 817 000
Total Current Assets	2 088 000	1 776 000	2 336 000	2 833 000
Total Assets	6 467 000	5 693 000	5 557 000	5 650 000
Total Retained Equity	5 255 000	5 048 000	4 993 000	5 098 000
Total Equity	5 508 000	5 301 000	5 246 000	5 351 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	958 000	392 000	311 000	300 000
Total Equity and Debt	6 467 000	5 693 000	5 557 000	5 650 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	806 000	847 000	618 000	935 000
Other Income	0	150 000	0	0
Revenue	806 000	997 000	618 000	935 000
Cost of Goods Sold	−255 000	182 000	244 000	381 000
Salary Costs	401 000	152 000	285 000	652 000
Depreciation	271 000	316 000	339 000	405 000
Impairment	0	0	0	0
Expenditure	890 000	1 060 000	1 236 000	1 843 000
Operating Profit	−349 000	−62 000	−619 000	−908 000
Financial Income	120 000	52 000	30 000	25 000
Financial Costs	6 000	6 000	0	0
Financial Balance	114 000	46 000	30 000	25 000
Dividends	0	0	0	0
Net Income	−183 000	−12 000	−459 000	−689 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	114 000	173 000	188 000	159 000
Real Eastate	342 000	393 000	444 000	495 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	635 000	586 000	851 000	669 000
Total Tangible Assets	977 000	979 000	1 295 000	1 164 000
Total Fiancial Fixed Assets	3 287 000	2 765 000	1 738 000	1 495 000
Total Fixed Assets	4 378 000	3 917 000	3 221 000	2 817 000
Stock	1 224 000	1 209 000	1 244 000	1 374 000
Total Investments	0	0	0	0
Cash, Bank	52 000	162 000	138 000	237 000
Total Current Assets	2 088 000	1 776 000	2 336 000	2 833 000
Total Assets	6 467 000	5 693 000	5 557 000	5 650 000
Total Equity	5 508 000	5 301 000	5 246 000	5 351 000
Short-Term Group Debt	244 000	0	140 000	0
Total Long-Term Debt	0	0	0	0
Creditors	29 000	107 000	65 000	78 000
Unpaid Taxes	61 000	8 000	10 000	114 000
Dividends	0	0	0	0
Other Current Debt	624 000	278 000	96 000	67 000
Total Current Debt	958 000	392 000	311 000	300 000
Total Equity and Debt	6 467 000	5 693 000	5 557 000	5 650 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,32 %	−0,23 %	−8,75 %	−12,88 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−43,3 %	−6,22 %	−100,16 %	−97,11 %
Current Ratio	2,18	4,53	7,51	9,44
Quick Ratio	−7,85	−2,17	−2,5	−2,64
Equity Ratio	0,85	0,93	0,94	0,95
Gross Profit Margin	131,64 %	81,75 %	60,52 %	59,25 %