VÆRVEN AS

3260 LARVIK

Finances

Share Ownership

Return on Equity

0,62 %

Current Ratio

N/A

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	322 000	143 000	124 000	0
Net Income	45 000	−402 000	−251 000	14 000
Total Assets	7 232 000	7 212 000	7 653 000	7 840 000
Total Equity	7 232 000	7 187 000	7 589 000	7 840 000

Income (NOK)	2022	2021	2020	2019
Revenue	322 000	143 000	124 000	0
Expenditure	309 000	688 000	516 000	132 000
Operating Profit	13 000	−545 000	−392 000	−132 000
Financial Income	45 000	30 000	73 000	149 000
Financial Costs	0	0	0	0
Financial Balance	45 000	30 000	73 000	149 000
Earnings Before Tax	58 000	−515 000	−320 000	17 000
Tax	13 000	−113 000	−69 000	3 000
Net Income	45 000	−402 000	−251 000	14 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 184 000	4 207 000	4 044 000	0
Total Current Assets	3 048 000	3 006 000	3 609 000	7 840 000
Total Assets	7 232 000	7 212 000	7 653 000	7 840 000
Total Retained Equity	7 202 000	7 157 000	7 559 000	7 810 000
Total Equity	7 232 000	7 187 000	7 589 000	7 840 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	0	25 000	64 000	1 000
Total Equity and Debt	7 232 000	7 212 000	7 653 000	7 840 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	322 000	143 000	124 000	0
Revenue	322 000	143 000	124 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	10 000	12 000	13 000	0
Impairment	0	0	0	0
Expenditure	309 000	688 000	516 000	132 000
Operating Profit	13 000	−545 000	−392 000	−132 000
Financial Income	45 000	30 000	73 000	149 000
Financial Costs	0	0	0	0
Financial Balance	45 000	30 000	73 000	149 000
Dividends	0	0	0	0
Net Income	45 000	−402 000	−251 000	14 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	169 000	182 000	69 000	0
Real Eastate	3 976 000	3 976 000	3 924 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	39 000	49 000	52 000	0
Total Tangible Assets	4 015 000	4 024 000	3 976 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 184 000	4 207 000	4 044 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 967 000	2 977 000	3 609 000	7 828 000
Total Current Assets	3 048 000	3 006 000	3 609 000	7 840 000
Total Assets	7 232 000	7 212 000	7 653 000	7 840 000
Total Equity	7 232 000	7 187 000	7 589 000	7 840 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	1 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	24 000	64 000	0
Total Current Debt	0	25 000	64 000	1 000
Total Equity and Debt	7 232 000	7 212 000	7 653 000	7 840 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,62 %	−5,59 %	−3,31 %	0,18 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,04 %	−381,12 %	−316,13 %	-
Current Ratio	-	120,24	56,39	7 840
Quick Ratio	-	120,24	56,39	7 840
Equity Ratio	1	1	0,99	1
Gross Profit Margin	100 %	100 %	100 %	-