ARE LARSEN EIENDOM AS

8890 LEIRFJORD

Finances

Share Ownership

Return on Equity

18,2 %

Current Ratio

3,71

Debt-to-Equity Ratio

−5,79

Key figures (NOK)	2021	2020	2019	2018
Revenue	449 000	496 000	606 000	588 000
Net Income	−99 000	−51 000	−43 000	−67 000
Total Assets	2 652 000	2 866 000	3 096 000	3 055 000
Total Equity	−544 000	−445 000	−394 000	−351 000

Income (NOK)	2021	2020	2019	2018
Revenue	449 000	496 000	606 000	588 000
Expenditure	311 000	281 000	345 000	334 000
Operating Profit	139 000	214 000	260 000	254 000
Financial Income	0	0	0	0
Financial Costs	233 000	280 000	311 000	222 000
Financial Balance	−233 000	−280 000	−311 000	−222 000
Earnings Before Tax	−94 000	−65 000	−50 000	33 000
Tax	5 000	−14 000	−8 000	100 000
Net Income	−99 000	−51 000	−43 000	−67 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	2 485 000	2 616 000	2 747 000	2 878 000
Total Current Assets	167 000	250 000	349 000	177 000
Total Assets	2 652 000	2 866 000	3 096 000	3 055 000
Total Retained Equity	−544 000	−565 000	−514 000	−471 000
Total Equity	−544 000	−445 000	−394 000	−351 000
Total Long-Term Debt	3 152 000	3 266 000	3 406 000	3 357 000
Total Current Debt	45 000	45 000	84 000	48 000
Total Equity and Debt	2 652 000	2 866 000	3 096 000	3 055 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	0
Other Income	449 000	496 000	606 000	588 000
Revenue	449 000	496 000	606 000	588 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	131 000	131 000	131 000	131 000
Impairment	0	0	0	0
Expenditure	311 000	281 000	345 000	334 000
Operating Profit	139 000	214 000	260 000	254 000
Financial Income	0	0	0	0
Financial Costs	233 000	280 000	311 000	222 000
Financial Balance	−233 000	−280 000	−311 000	−222 000
Dividends	0	0	0	0
Net Income	−99 000	−51 000	−43 000	−67 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 485 000	2 616 000	2 747 000	2 878 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 485 000	2 616 000	2 747 000	2 878 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 485 000	2 616 000	2 747 000	2 878 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	0	4 000	14 000
Total Current Assets	167 000	250 000	349 000	177 000
Total Assets	2 652 000	2 866 000	3 096 000	3 055 000
Total Equity	−544 000	−445 000	−394 000	−351 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 152 000	3 266 000	3 406 000	3 357 000
Creditors	33 000	33 000	73 000	37 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	45 000	45 000	84 000	48 000
Total Equity and Debt	2 652 000	2 866 000	3 096 000	3 055 000

Financial indicators	2021	2020	2019	2018
Return on Equity	18,2 %	11,46 %	10,91 %	19,09 %
Debt-to-Equity Ratio	−5,79	−7,34	−8,64	−9,56
Operating Profit Margin	30,96 %	43,15 %	42,9 %	43,2 %
Current Ratio	3,71	5,56	4,15	3,69
Quick Ratio	3,71	5,56	4,15	3,69
Equity Ratio	−0,21	−0,16	−0,13	−0,11
Gross Profit Margin	100 %	100 %	100 %	100 %