NORVARG AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

−69,22 %

Current Ratio

0,14

Debt-to-Equity Ratio

4,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 150 000	12 980 000	18 303 000	18 282 000
Net Income	−2 793 000	−6 217 000	781 000	1 609 000
Total Assets	25 579 000	33 052 000	38 914 000	43 627 000
Total Equity	4 035 000	6 827 000	13 045 000	12 264 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 150 000	12 980 000	18 303 000	18 282 000
Expenditure	18 208 000	18 602 000	16 657 000	15 537 000
Operating Profit	−2 057 000	−5 621 000	1 646 000	2 746 000
Financial Income	25 000	23 000	23 000	22 000
Financial Costs	761 000	631 000	911 000	1 180 000
Financial Balance	−736 000	−608 000	−888 000	−1 158 000
Earnings Before Tax	−2 793 000	−6 230 000	757 000	1 588 000
Tax	0	−12 000	−23 000	−21 000
Net Income	−2 793 000	−6 217 000	781 000	1 609 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 027 000	31 288 000	32 003 000	37 544 000
Total Current Assets	552 000	1 764 000	6 911 000	6 082 000
Total Assets	25 579 000	33 052 000	38 914 000	43 627 000
Total Retained Equity	−4 388 000	−1 596 000	4 622 000	3 841 000
Total Equity	4 035 000	6 827 000	13 045 000	12 264 000
Total Long-Term Debt	17 661 000	20 265 000	22 904 000	28 586 000
Total Current Debt	3 882 000	5 960 000	2 965 000	2 776 000
Total Equity and Debt	25 579 000	33 052 000	38 914 000	43 627 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 100 000	12 980 000	18 303 000	18 274 000
Other Income	50 000	0	0	8 000
Revenue	16 150 000	12 980 000	18 303 000	18 282 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 530 000	3 387 000	2 735 000	2 875 000
Depreciation	6 678 000	6 394 000	5 542 000	5 542 000
Impairment	0	0	0	0
Expenditure	18 208 000	18 602 000	16 657 000	15 537 000
Operating Profit	−2 057 000	−5 621 000	1 646 000	2 746 000
Financial Income	25 000	23 000	23 000	22 000
Financial Costs	761 000	631 000	911 000	1 180 000
Financial Balance	−736 000	−608 000	−888 000	−1 158 000
Dividends	0	0	0	0
Net Income	−2 793 000	−6 217 000	781 000	1 609 000

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	0	0	0	0
Total Tangible Assets	25 016 000	31 288 000	32 003 000	37 544 000
Total Fiancial Fixed Assets	11 000	0	0	0
Total Fixed Assets	25 027 000	31 288 000	32 003 000	37 544 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	629 000	1 347 000	1 413 000
Total Current Assets	552 000	1 764 000	6 911 000	6 082 000
Total Assets	25 579 000	33 052 000	38 914 000	43 627 000
Total Equity	4 035 000	6 827 000	13 045 000	12 264 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	17 661 000	20 265 000	22 904 000	28 586 000
Creditors	2 982 000	5 662 000	2 458 000	1 761 000
Unpaid Taxes	103 000	50 000	248 000	489 000
Dividends	0	0	0	0
Other Current Debt	694 000	121 000	100 000	329 000
Total Current Debt	3 882 000	5 960 000	2 965 000	2 776 000
Total Equity and Debt	25 579 000	33 052 000	38 914 000	43 627 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−69,22 %	−91,06 %	5,99 %	13,12 %
Debt-to-Equity Ratio	4,38	2,97	1,76	2,33
Operating Profit Margin	−12,74 %	−43,31 %	8,99 %	15,02 %
Current Ratio	0,14	0,3	2,33	2,19
Quick Ratio	0,14	0,3	2,33	2,19
Equity Ratio	0,16	0,21	0,34	0,28
Gross Profit Margin	100 %	100 %	100 %	100 %