ERWA

4839 ARENDAL

Finances

Return on Equity

−169,4 %

Current Ratio

12,81

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	420 000	0	53 000
Net Income	−2 668 000	2 107 000	−856 000	−3 192 000
Total Assets	1 684 000	2 495 000	12 892 000	12 952 000
Total Equity	1 575 000	2 343 000	11 738 000	12 794 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	420 000	0	53 000
Expenditure	114 000	1 197 000	1 158 000	827 000
Operating Profit	−113 000	−777 000	−1 158 000	−774 000
Financial Income	37 000	3 174 000	446 000	617 000
Financial Costs	2 592 000	289 000	20 000	3 153 000
Financial Balance	−2 555 000	2 885 000	426 000	−2 536 000
Earnings Before Tax	−2 668 000	2 107 000	−731 000	−3 310 000
Tax	0	0	125 000	−118 000
Net Income	−2 668 000	2 107 000	−856 000	−3 192 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	300 000	850 000	11 062 000	11 574 000
Total Current Assets	1 384 000	1 645 000	1 830 000	1 378 000
Total Assets	1 684 000	2 495 000	12 892 000	12 952 000
Total Retained Equity	−325 000	2 343 000	11 738 000	12 794 000
Total Equity	1 575 000	2 343 000	11 738 000	12 794 000
Total Long-Term Debt	0	0	0	2 000
Total Current Debt	108 000	151 000	1 153 000	155 000
Total Equity and Debt	1 684 000	2 495 000	12 892 000	12 952 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	53 000
Other Income	0	420 000	0	0
Revenue	0	420 000	0	53 000
Cost of Goods Sold	0	0	0	0
Salary Costs	68 000	805 000	740 000	477 000
Depreciation	0	270 000	270 000	270 000
Impairment	0	0	0	0
Expenditure	114 000	1 197 000	1 158 000	827 000
Operating Profit	−113 000	−777 000	−1 158 000	−774 000
Financial Income	37 000	3 174 000	446 000	617 000
Financial Costs	2 592 000	289 000	20 000	3 153 000
Financial Balance	−2 555 000	2 885 000	426 000	−2 536 000
Dividends	0	11 503 000	200 000	0
Net Income	−2 668 000	2 107 000	−856 000	−3 192 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	127 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	350 000	620 000
Total Tangible Assets	0	0	350 000	620 000
Total Fiancial Fixed Assets	300 000	850 000	10 712 000	10 828 000
Total Fixed Assets	300 000	850 000	11 062 000	11 574 000
Stock	0	0	0	0
Total Investments	1 248 000	660 000	1 590 000	773 000
Cash, Bank	136 000	981 000	233 000	604 000
Total Current Assets	1 384 000	1 645 000	1 830 000	1 378 000
Total Assets	1 684 000	2 495 000	12 892 000	12 952 000
Total Equity	1 575 000	2 343 000	11 738 000	12 794 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	2 000
Creditors	2 000	0	35 000	0
Unpaid Taxes	0	66 000	40 000	106 000
Dividends	0	11 503 000	200 000	0
Other Current Debt	106 000	86 000	1 079 000	49 000
Total Current Debt	108 000	151 000	1 153 000	155 000
Total Equity and Debt	1 684 000	2 495 000	12 892 000	12 952 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−169,4 %	89,93 %	−7,29 %	−24,95 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	−185 %	-	−1 460,38 %
Current Ratio	12,81	10,89	1,59	8,89
Quick Ratio	12,81	10,89	1,59	8,89
Equity Ratio	0,94	0,94	0,91	0,99
Gross Profit Margin	-	100 %	-	100 %