VIRVEL AS

3257 LARVIK

Finances

Share Ownership

Return on Equity

21,32 %

Current Ratio

6,12

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	132 000	316 000	173 000	186 000
Net Income	42 000	36 000	−15 000	2 000
Total Assets	224 000	239 000	143 000	143 000
Total Equity	197 000	155 000	120 000	135 000

Income (NOK)	2022	2021	2020	2019
Revenue	132 000	316 000	173 000	186 000
Expenditure	77 000	274 000	188 000	180 000
Operating Profit	55 000	42 000	−15 000	5 000
Financial Income	0	0	0	−2 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	−2 000
Earnings Before Tax	55 000	42 000	−15 000	3 000
Tax	13 000	7 000	0	1 000
Net Income	42 000	36 000	−15 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	65 000	33 000	20 000	0
Total Current Assets	159 000	206 000	123 000	143 000
Total Assets	224 000	239 000	143 000	143 000
Total Retained Equity	97 000	55 000	20 000	35 000
Total Equity	197 000	155 000	120 000	135 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	26 000	84 000	24 000	8 000
Total Equity and Debt	224 000	239 000	143 000	143 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	131 000	266 000	90 000	99 000
Other Income	2 000	50 000	83 000	87 000
Revenue	132 000	316 000	173 000	186 000
Cost of Goods Sold	0	145 000	15 000	30 000
Salary Costs	0	0	0	0
Depreciation	13 000	7 000	0	0
Impairment	0	0	0	0
Expenditure	77 000	274 000	188 000	180 000
Operating Profit	55 000	42 000	−15 000	5 000
Financial Income	0	0	0	−2 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	−2 000
Dividends	0	0	0	0
Net Income	42 000	36 000	−15 000	2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	20 000	13 000	0	0
Total Tangible Assets	20 000	13 000	0	0
Total Fiancial Fixed Assets	45 000	20 000	20 000	0
Total Fixed Assets	65 000	33 000	20 000	0
Stock	0	0	0	9 000
Total Investments	0	0	0	0
Cash, Bank	152 000	177 000	118 000	128 000
Total Current Assets	159 000	206 000	123 000	143 000
Total Assets	224 000	239 000	143 000	143 000
Total Equity	197 000	155 000	120 000	135 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 000	28 000	20 000	0
Unpaid Taxes	9 000	27 000	0	1 000
Dividends	0	0	0	0
Other Current Debt	0	22 000	4 000	7 000
Total Current Debt	26 000	84 000	24 000	8 000
Total Equity and Debt	224 000	239 000	143 000	143 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,32 %	23,23 %	−12,5 %	1,48 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	41,67 %	13,29 %	−8,67 %	2,69 %
Current Ratio	6,12	2,45	5,13	17,88
Quick Ratio	6,12	2,45	5,13	−143
Equity Ratio	0,88	0,65	0,84	0,94
Gross Profit Margin	100 %	54,11 %	91,33 %	83,87 %