ERV TEKNIKK TJØRVES AS

4560 VANSE

Finances

Share Ownership

Return on Equity

49,88 %

Current Ratio

1,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 210 000	18 781 000	13 394 000	16 447 000
Net Income	602 000	−480 000	−596 000	521 000
Total Assets	7 234 000	8 131 000	7 526 000	7 317 000
Total Equity	1 207 000	605 000	1 084 000	1 680 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 210 000	18 781 000	13 394 000	16 447 000
Expenditure	16 321 000	19 302 000	14 058 000	15 689 000
Operating Profit	888 000	−520 000	−664 000	758 000
Financial Income	0	0	0	0
Financial Costs	116 000	95 000	100 000	148 000
Financial Balance	−116 000	−95 000	−100 000	−148 000
Earnings Before Tax	772 000	−615 000	−764 000	610 000
Tax	170 000	−135 000	−168 000	89 000
Net Income	602 000	−480 000	−596 000	521 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	708 000	500 000	480 000	747 000
Total Current Assets	6 526 000	7 631 000	7 046 000	6 571 000
Total Assets	7 234 000	8 131 000	7 526 000	7 317 000
Total Retained Equity	1 107 000	505 000	984 000	1 580 000
Total Equity	1 207 000	605 000	1 084 000	1 680 000
Total Long-Term Debt	0	500 000	1 000 000	1 375 000
Total Current Debt	6 027 000	7 027 000	5 442 000	4 262 000
Total Equity and Debt	7 234 000	8 131 000	7 526 000	7 317 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 210 000	18 781 000	13 166 000	16 447 000
Other Income	0	0	228 000	0
Revenue	17 210 000	18 781 000	13 394 000	16 447 000
Cost of Goods Sold	7 426 000	9 591 000	5 150 000	5 472 000
Salary Costs	6 750 000	6 902 000	6 273 000	7 053 000
Depreciation	108 000	117 000	320 000	235 000
Impairment	0	0	0	0
Expenditure	16 321 000	19 302 000	14 058 000	15 689 000
Operating Profit	888 000	−520 000	−664 000	758 000
Financial Income	0	0	0	0
Financial Costs	116 000	95 000	100 000	148 000
Financial Balance	−116 000	−95 000	−100 000	−148 000
Dividends	0	0	0	0
Net Income	602 000	−480 000	−596 000	521 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	99 000	269 000	134 000	141 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	568 000	189 000	285 000	549 000
Total Tangible Assets	568 000	189 000	285 000	549 000
Total Fiancial Fixed Assets	41 000	42 000	61 000	57 000
Total Fixed Assets	708 000	500 000	480 000	747 000
Stock	2 351 000	2 448 000	3 137 000	2 897 000
Total Investments	0	0	0	0
Cash, Bank	250 000	81 000	230 000	239 000
Total Current Assets	6 526 000	7 631 000	7 046 000	6 571 000
Total Assets	7 234 000	8 131 000	7 526 000	7 317 000
Total Equity	1 207 000	605 000	1 084 000	1 680 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	500 000	1 000 000	1 375 000
Creditors	1 309 000	2 435 000	1 049 000	526 000
Unpaid Taxes	1 179 000	966 000	1 022 000	930 000
Dividends	0	0	0	0
Other Current Debt	1 918 000	1 882 000	1 787 000	2 255 000
Total Current Debt	6 027 000	7 027 000	5 442 000	4 262 000
Total Equity and Debt	7 234 000	8 131 000	7 526 000	7 317 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,88 %	−79,34 %	−54,98 %	31,01 %
Debt-to-Equity Ratio	0	0,83	0,92	0,82
Operating Profit Margin	5,16 %	−2,77 %	−4,96 %	4,61 %
Current Ratio	1,08	1,09	1,29	1,54
Quick Ratio	1,78	1,67	3,06	4,81
Equity Ratio	0,17	0,07	0,14	0,23
Gross Profit Margin	56,85 %	48,93 %	61,55 %	66,73 %