OLSVIKA UTVIKLING AS

6017 ÅLESUND

Finances

Share Ownership

Return on Equity

−38,98 %

Current Ratio

3,71

Debt-to-Equity Ratio

4,72

Key figures (NOK)	2021	2020	2019	2018
Revenue	3 331 000	2 014 000	1 054 000	0
Net Income	−221 000	375 000	704 000	−11 000
Total Assets	4 169 000	4 146 000	3 359 000	4 793 000
Total Equity	567 000	787 000	412 000	25 000

Income (NOK)	2021	2020	2019	2018
Revenue	3 331 000	2 014 000	1 054 000	0
Expenditure	3 472 000	1 512 000	13 000	11 000
Operating Profit	−141 000	502 000	1 041 000	−11 000
Financial Income	3 000	0	0	0
Financial Costs	144 000	21 000	141 000	0
Financial Balance	−141 000	−21 000	−141 000	0
Earnings Before Tax	−283 000	482 000	900 000	−11 000
Tax	−62 000	106 000	196 000	0
Net Income	−221 000	375 000	704 000	−11 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	730 000	621 000	2 689 000	0
Total Current Assets	3 439 000	3 525 000	670 000	4 793 000
Total Assets	4 169 000	4 146 000	3 359 000	4 793 000
Total Retained Equity	531 000	751 000	376 000	−11 000
Total Equity	567 000	787 000	412 000	25 000
Total Long-Term Debt	2 675 000	2 000 000	0	2 482 000
Total Current Debt	927 000	1 359 000	2 948 000	2 286 000
Total Equity and Debt	4 169 000	4 146 000	3 359 000	4 793 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	3 331 000	2 014 000	1 054 000	0
Other Income	0	0	0	0
Revenue	3 331 000	2 014 000	1 054 000	0
Cost of Goods Sold	3 216 000	1 387 000	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 472 000	1 512 000	13 000	11 000
Operating Profit	−141 000	502 000	1 041 000	−11 000
Financial Income	3 000	0	0	0
Financial Costs	144 000	21 000	141 000	0
Financial Balance	−141 000	−21 000	−141 000	0
Dividends	0	0	318 000	0
Net Income	−221 000	375 000	704 000	−11 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	62 000	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	0	0	0	0
Total Fiancial Fixed Assets	668 000	621 000	2 689 000	0
Total Fixed Assets	730 000	621 000	2 689 000	0
Stock	2 790 000	0	0	4 788 000
Total Investments	0	0	0	0
Cash, Bank	353 000	543 000	352 000	5 000
Total Current Assets	3 439 000	3 525 000	670 000	4 793 000
Total Assets	4 169 000	4 146 000	3 359 000	4 793 000
Total Equity	567 000	787 000	412 000	25 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 675 000	2 000 000	0	2 482 000
Creditors	927 000	1 252 000	664 000	2 286 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	318 000	0
Other Current Debt	0	0	1 770 000	0
Total Current Debt	927 000	1 359 000	2 948 000	2 286 000
Total Equity and Debt	4 169 000	4 146 000	3 359 000	4 793 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−38,98 %	47,65 %	170,87 %	−44 %
Debt-to-Equity Ratio	4,72	2,54	0	99,28
Operating Profit Margin	−4,23 %	24,93 %	98,77 %	-
Current Ratio	3,71	2,59	0,23	2,1
Quick Ratio	−1,85	2,59	0,23	−1,92
Equity Ratio	0,14	0,19	0,12	0,01
Gross Profit Margin	3,45 %	31,13 %	100 %	-