FARVAN AS

6006 ÅLESUND

Finances

Share Ownership

Return on Equity

27,26 %

Current Ratio

1,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	101 735 000	97 803 000	98 029 000	87 589 000
Net Income	4 309 000	6 701 000	4 468 000	375 000
Total Assets	47 243 000	38 962 000	32 891 000	33 119 000
Total Equity	15 807 000	12 097 000	8 396 000	6 928 000

Income (NOK)	2022	2021	2020	2019
Revenue	101 735 000	97 803 000	98 029 000	87 589 000
Expenditure	95 857 000	89 070 000	91 929 000	86 741 000
Operating Profit	5 879 000	8 734 000	6 100 000	849 000
Financial Income	23 000	25 000	17 000	15 000
Financial Costs	360 000	164 000	310 000	380 000
Financial Balance	−337 000	−139 000	−293 000	−365 000
Earnings Before Tax	5 541 000	8 595 000	5 807 000	484 000
Tax	1 232 000	1 893 000	1 340 000	109 000
Net Income	4 309 000	6 701 000	4 468 000	375 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 632 000	1 601 000	1 487 000	1 291 000
Total Current Assets	45 612 000	37 362 000	31 404 000	31 828 000
Total Assets	47 243 000	38 962 000	32 891 000	33 119 000
Total Retained Equity	14 564 000	10 855 000	7 154 000	5 686 000
Total Equity	15 807 000	12 097 000	8 396 000	6 928 000
Total Long-Term Debt	75 000	75 000	175 000	575 000
Total Current Debt	31 362 000	26 790 000	24 320 000	25 615 000
Total Equity and Debt	47 243 000	38 962 000	32 891 000	33 119 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	101 668 000	97 726 000	97 980 000	86 929 000
Other Income	68 000	77 000	49 000	661 000
Revenue	101 735 000	97 803 000	98 029 000	87 589 000
Cost of Goods Sold	72 668 000	69 267 000	72 953 000	68 212 000
Salary Costs	14 306 000	12 026 000	11 483 000	10 969 000
Depreciation	357 000	279 000	262 000	314 000
Impairment	0	0	0	0
Expenditure	95 857 000	89 070 000	91 929 000	86 741 000
Operating Profit	5 879 000	8 734 000	6 100 000	849 000
Financial Income	23 000	25 000	17 000	15 000
Financial Costs	360 000	164 000	310 000	380 000
Financial Balance	−337 000	−139 000	−293 000	−365 000
Dividends	600 000	3 000 000	3 000 000	250 000
Net Income	4 309 000	6 701 000	4 468 000	375 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	342 000	210 000	148 000	107 000
Real Eastate	695 000	642 000	685 000	530 000
Machinery and Plant Facilities	429 000	557 000	412 000	489 000
Fixtures	165 000	192 000	242 000	165 000
Total Tangible Assets	1 289 000	1 391 000	1 339 000	1 184 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 632 000	1 601 000	1 487 000	1 291 000
Stock	41 059 000	32 937 000	27 448 000	27 455 000
Total Investments	0	0	0	0
Cash, Bank	985 000	573 000	692 000	922 000
Total Current Assets	45 612 000	37 362 000	31 404 000	31 828 000
Total Assets	47 243 000	38 962 000	32 891 000	33 119 000
Total Equity	15 807 000	12 097 000	8 396 000	6 928 000
Short-Term Group Debt	1 920 000	0	0	0
Total Long-Term Debt	75 000	75 000	175 000	575 000
Creditors	21 048 000	15 017 000	13 602 000	15 468 000
Unpaid Taxes	1 288 000	777 000	790 000	1 115 000
Dividends	600 000	3 000 000	3 000 000	250 000
Other Current Debt	1 487 000	4 127 000	5 132 000	1 125 000
Total Current Debt	31 362 000	26 790 000	24 320 000	25 615 000
Total Equity and Debt	47 243 000	38 962 000	32 891 000	33 119 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,26 %	55,39 %	53,22 %	5,41 %
Debt-to-Equity Ratio	0	0,01	0,02	0,08
Operating Profit Margin	5,78 %	8,93 %	6,22 %	0,97 %
Current Ratio	1,45	1,39	1,29	1,24
Quick Ratio	−4,7	−6,08	−10,04	−17,3
Equity Ratio	0,33	0,31	0,26	0,21
Gross Profit Margin	28,57 %	29,18 %	25,58 %	22,12 %