VIRVEL NARVIK AS

8516 NARVIK

Finances

Share Ownership

Return on Equity

20,76 %

Current Ratio

1,66

Debt-to-Equity Ratio

0,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 945 000	3 208 000	2 638 000	2 696 000
Net Income	126 000	−30 000	69 000	30 000
Total Assets	1 838 000	1 564 000	995 000	876 000
Total Equity	607 000	482 000	511 000	442 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 945 000	3 208 000	2 638 000	2 696 000
Expenditure	3 763 000	3 219 000	2 549 000	2 657 000
Operating Profit	182 000	−11 000	89 000	38 000
Financial Income	0	0	0	0
Financial Costs	26 000	20 000	0	0
Financial Balance	−26 000	−20 000	0	0
Earnings Before Tax	157 000	−30 000	89 000	38 000
Tax	31 000	−1 000	20 000	8 000
Net Income	126 000	−30 000	69 000	30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	639 000	712 000	37 000	50 000
Total Current Assets	1 200 000	852 000	958 000	827 000
Total Assets	1 838 000	1 564 000	995 000	876 000
Total Retained Equity	507 000	382 000	411 000	342 000
Total Equity	607 000	482 000	511 000	442 000
Total Long-Term Debt	510 000	570 000	1 000	1 000
Total Current Debt	721 000	513 000	483 000	433 000
Total Equity and Debt	1 838 000	1 564 000	995 000	876 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 943 000	3 208 000	2 614 000	2 696 000
Other Income	3 000	0	24 000	0
Revenue	3 945 000	3 208 000	2 638 000	2 696 000
Cost of Goods Sold	443 000	366 000	289 000	308 000
Salary Costs	2 707 000	2 165 000	1 890 000	1 953 000
Depreciation	74 000	62 000	13 000	14 000
Impairment	0	0	0	0
Expenditure	3 763 000	3 219 000	2 549 000	2 657 000
Operating Profit	182 000	−11 000	89 000	38 000
Financial Income	0	0	0	0
Financial Costs	26 000	20 000	0	0
Financial Balance	−26 000	−20 000	0	0
Dividends	0	0	0	0
Net Income	126 000	−30 000	69 000	30 000

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	639 000	712 000	37 000	50 000
Total Tangible Assets	639 000	712 000	37 000	50 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	639 000	712 000	37 000	50 000
Stock	149 000	139 000	141 000	130 000
Total Investments	0	0	0	0
Cash, Bank	1 002 000	704 000	794 000	669 000
Total Current Assets	1 200 000	852 000	958 000	827 000
Total Assets	1 838 000	1 564 000	995 000	876 000
Total Equity	607 000	482 000	511 000	442 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	510 000	570 000	1 000	1 000
Creditors	41 000	32 000	56 000	38 000
Unpaid Taxes	337 000	241 000	198 000	177 000
Dividends	0	0	0	0
Other Current Debt	311 000	240 000	210 000	209 000
Total Current Debt	721 000	513 000	483 000	433 000
Total Equity and Debt	1 838 000	1 564 000	995 000	876 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,76 %	−6,22 %	13,5 %	6,79 %
Debt-to-Equity Ratio	0,84	1,18	0	0
Operating Profit Margin	4,61 %	−0,34 %	3,37 %	1,41 %
Current Ratio	1,66	1,66	1,98	1,91
Quick Ratio	2,1	2,28	2,8	2,73
Equity Ratio	0,33	0,31	0,51	0,5
Gross Profit Margin	88,77 %	88,59 %	89,04 %	88,58 %