AK ÅREVIK AS

6893 VIK I SOGN

Finances

Return on Equity

−141,9 %

Current Ratio

2,5

Debt-to-Equity Ratio

12,24

Key figures (NOK)	2021	2020	2019	2018
Revenue	1 882 000	4 387 000	4 815 000	3 009 000
Net Income	−596 000	−147 000	543 000	545 000
Total Assets	5 966 000	4 543 000	4 818 000	3 557 000
Total Equity	420 000	1 015 000	1 162 000	619 000

Income (NOK)	2021	2020	2019	2018
Revenue	1 882 000	4 387 000	4 815 000	3 009 000
Expenditure	2 199 000	4 373 000	3 937 000	2 282 000
Operating Profit	−318 000	13 000	877 000	727 000
Financial Income	0	0	1 000	0
Financial Costs	313 000	202 000	182 000	161 000
Financial Balance	−313 000	−202 000	−181 000	−161 000
Earnings Before Tax	−631 000	−188 000	697 000	566 000
Tax	−36 000	−41 000	153 000	21 000
Net Income	−596 000	−147 000	543 000	545 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	4 956 000	3 063 000	2 972 000	1 831 000
Total Current Assets	1 009 000	1 480 000	1 846 000	1 726 000
Total Assets	5 966 000	4 543 000	4 818 000	3 557 000
Total Retained Equity	50 000	645 000	792 000	249 000
Total Equity	420 000	1 015 000	1 162 000	619 000
Total Long-Term Debt	5 142 000	2 812 000	2 761 000	1 664 000
Total Current Debt	403 000	716 000	894 000	1 275 000
Total Equity and Debt	5 966 000	4 543 000	4 818 000	3 557 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	1 820 000	4 291 000	4 076 000	2 212 000
Other Income	62 000	96 000	738 000	797 000
Revenue	1 882 000	4 387 000	4 815 000	3 009 000
Cost of Goods Sold	439 000	1 255 000	1 708 000	1 270 000
Salary Costs	506 000	631 000	675 000	208 000
Depreciation	533 000	295 000	257 000	186 000
Impairment	0	0	0	0
Expenditure	2 199 000	4 373 000	3 937 000	2 282 000
Operating Profit	−318 000	13 000	877 000	727 000
Financial Income	0	0	1 000	0
Financial Costs	313 000	202 000	182 000	161 000
Financial Balance	−313 000	−202 000	−181 000	−161 000
Dividends	0	0	0	0
Net Income	−596 000	−147 000	543 000	545 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	60 000	60 000	60 000	60 000
Real Eastate	3 206 000	1 032 000	1 125 000	1 707 000
Machinery and Plant Facilities	15 000	18 000	0	0
Fixtures	1 125 000	1 331 000	1 138 000	65 000
Total Tangible Assets	4 346 000	2 381 000	2 263 000	1 772 000
Total Fiancial Fixed Assets	551 000	621 000	649 000	0
Total Fixed Assets	4 956 000	3 063 000	2 972 000	1 831 000
Stock	441 000	515 000	608 000	638 000
Total Investments	0	0	0	0
Cash, Bank	39 000	55 000	160 000	105 000
Total Current Assets	1 009 000	1 480 000	1 846 000	1 726 000
Total Assets	5 966 000	4 543 000	4 818 000	3 557 000
Total Equity	420 000	1 015 000	1 162 000	619 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 142 000	2 812 000	2 761 000	1 664 000
Creditors	290 000	553 000	406 000	726 000
Unpaid Taxes	31 000	35 000	44 000	4 000
Dividends	0	0	0	0
Other Current Debt	81 000	128 000	305 000	269 000
Total Current Debt	403 000	716 000	894 000	1 275 000
Total Equity and Debt	5 966 000	4 543 000	4 818 000	3 557 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−141,9 %	−14,48 %	46,73 %	88,05 %
Debt-to-Equity Ratio	12,24	2,77	2,38	2,69
Operating Profit Margin	−16,9 %	0,3 %	18,21 %	24,16 %
Current Ratio	2,5	2,07	2,06	1,35
Quick Ratio	−26,55	7,36	6,45	2,71
Equity Ratio	0,07	0,22	0,24	0,17
Gross Profit Margin	76,67 %	71,39 %	64,53 %	57,79 %