OFOTEN MØBLER AS

8514 NARVIK

Finances

Return on Equity

−115,06 %

Current Ratio

2,05

Debt-to-Equity Ratio

2,91

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 133 000	12 270 000	12 079 000	12 653 000
Net Income	−825 000	582 000	557 000	−149 000
Total Assets	5 131 000	5 649 000	5 431 000	5 276 000
Total Equity	717 000	1 541 000	959 000	402 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 133 000	12 270 000	12 079 000	12 653 000
Expenditure	9 775 000	11 395 000	11 193 000	12 676 000
Operating Profit	−643 000	875 000	886 000	−22 000
Financial Income	31 000	23 000	29 000	10 000
Financial Costs	183 000	153 000	201 000	179 000
Financial Balance	−152 000	−130 000	−172 000	−169 000
Earnings Before Tax	−794 000	744 000	714 000	−192 000
Tax	30 000	162 000	157 000	−42 000
Net Income	−825 000	582 000	557 000	−149 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	366 000	466 000	363 000	614 000
Total Current Assets	4 765 000	5 182 000	5 068 000	4 662 000
Total Assets	5 131 000	5 649 000	5 431 000	5 276 000
Total Retained Equity	−783 000	41 000	−541 000	−1 098 000
Total Equity	717 000	1 541 000	959 000	402 000
Total Long-Term Debt	2 089 000	2 212 000	2 374 000	2 396 000
Total Current Debt	2 326 000	1 896 000	2 098 000	2 478 000
Total Equity and Debt	5 131 000	5 649 000	5 431 000	5 276 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 126 000	12 259 000	12 000 000	12 596 000
Other Income	7 000	11 000	78 000	57 000
Revenue	9 133 000	12 270 000	12 079 000	12 653 000
Cost of Goods Sold	5 635 000	6 650 000	6 818 000	7 717 000
Salary Costs	1 618 000	2 004 000	1 808 000	2 597 000
Depreciation	51 000	68 000	81 000	102 000
Impairment	0	0	0	0
Expenditure	9 775 000	11 395 000	11 193 000	12 676 000
Operating Profit	−643 000	875 000	886 000	−22 000
Financial Income	31 000	23 000	29 000	10 000
Financial Costs	183 000	153 000	201 000	179 000
Financial Balance	−152 000	−130 000	−172 000	−169 000
Dividends	0	0	0	0
Net Income	−825 000	582 000	557 000	−149 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	30 000	152 000	309 000
Real Eastate	0	122 000	150 000	179 000
Machinery and Plant Facilities	93 000	20 000	0	0
Fixtures	55 000	77 000	61 000	113 000
Total Tangible Assets	148 000	219 000	211 000	291 000
Total Fiancial Fixed Assets	218 000	218 000	0	13 000
Total Fixed Assets	366 000	466 000	363 000	614 000
Stock	4 546 000	4 311 000	3 324 000	3 641 000
Total Investments	0	0	118 000	118 000
Cash, Bank	105 000	730 000	1 074 000	608 000
Total Current Assets	4 765 000	5 182 000	5 068 000	4 662 000
Total Assets	5 131 000	5 649 000	5 431 000	5 276 000
Total Equity	717 000	1 541 000	959 000	402 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 089 000	2 212 000	2 374 000	2 396 000
Creditors	1 489 000	772 000	867 000	1 084 000
Unpaid Taxes	310 000	441 000	571 000	616 000
Dividends	0	0	0	0
Other Current Debt	527 000	643 000	659 000	777 000
Total Current Debt	2 326 000	1 896 000	2 098 000	2 478 000
Total Equity and Debt	5 131 000	5 649 000	5 431 000	5 276 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−115,06 %	37,77 %	58,08 %	−37,06 %
Debt-to-Equity Ratio	2,91	1,44	2,48	5,96
Operating Profit Margin	−7,04 %	7,13 %	7,34 %	−0,17 %
Current Ratio	2,05	2,73	2,42	1,88
Quick Ratio	−2,15	−2,15	−4,13	−4,01
Equity Ratio	0,14	0,27	0,18	0,08
Gross Profit Margin	38,3 %	45,8 %	43,55 %	39,01 %