ELVANESSET AS

6643 BØFJORDEN

Finances

Share Ownership

Return on Equity

190,91 %

Current Ratio

0,7

Debt-to-Equity Ratio

−3,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	838 000	1 288 000	794 000	0
Net Income	−126 000	−124 000	59 000	−26 000
Total Assets	359 000	585 000	317 000	162 000
Total Equity	−66 000	60 000	184 000	125 000

Income (NOK)	2022	2021	2020	2019
Revenue	838 000	1 288 000	794 000	0
Expenditure	951 000	1 398 000	736 000	28 000
Operating Profit	−112 000	−110 000	59 000	−27 000
Financial Income	0	0	0	1 000
Financial Costs	15 000	14 000	0	0
Financial Balance	−15 000	−14 000	0	1 000
Earnings Before Tax	−126 000	−124 000	59 000	−26 000
Tax	0	0	0	0
Net Income	−126 000	−124 000	59 000	−26 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	222 000	288 000	94 000	140 000
Total Current Assets	137 000	297 000	223 000	21 000
Total Assets	359 000	585 000	317 000	162 000
Total Retained Equity	−167 000	−41 000	83 000	24 000
Total Equity	−66 000	60 000	184 000	125 000
Total Long-Term Debt	229 000	247 000	16 000	19 000
Total Current Debt	197 000	278 000	117 000	18 000
Total Equity and Debt	359 000	585 000	317 000	162 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	797 000	1 239 000	758 000	0
Other Income	41 000	49 000	36 000	0
Revenue	838 000	1 288 000	794 000	0
Cost of Goods Sold	335 000	644 000	411 000	0
Salary Costs	166 000	215 000	86 000	−3 000
Depreciation	53 000	32 000	10 000	10 000
Impairment	0	0	0	0
Expenditure	951 000	1 398 000	736 000	28 000
Operating Profit	−112 000	−110 000	59 000	−27 000
Financial Income	0	0	0	1 000
Financial Costs	15 000	14 000	0	0
Financial Balance	−15 000	−14 000	0	1 000
Dividends	0	0	0	0
Net Income	−126 000	−124 000	59 000	−26 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	190 000	235 000	56 000	25 000
Total Tangible Assets	190 000	235 000	56 000	25 000
Total Fiancial Fixed Assets	33 000	54 000	38 000	115 000
Total Fixed Assets	222 000	288 000	94 000	140 000
Stock	86 000	81 000	60 000	0
Total Investments	0	0	0	0
Cash, Bank	39 000	162 000	150 000	17 000
Total Current Assets	137 000	297 000	223 000	21 000
Total Assets	359 000	585 000	317 000	162 000
Total Equity	−66 000	60 000	184 000	125 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	229 000	247 000	16 000	19 000
Creditors	159 000	124 000	9 000	1 000
Unpaid Taxes	3 000	104 000	81 000	0
Dividends	0	0	0	0
Other Current Debt	34 000	50 000	27 000	17 000
Total Current Debt	197 000	278 000	117 000	18 000
Total Equity and Debt	359 000	585 000	317 000	162 000

Financial indicators	2022	2021	2020	2019
Return on Equity	190,91 %	−206,67 %	32,07 %	−20,8 %
Debt-to-Equity Ratio	−3,47	4,12	0,09	0,15
Operating Profit Margin	−13,37 %	−8,54 %	7,43 %	-
Current Ratio	0,7	1,07	1,91	1,17
Quick Ratio	1,23	1,51	3,91	1,17
Equity Ratio	−0,18	0,1	0,58	0,77
Gross Profit Margin	60,02 %	50 %	48,24 %	-