FINN OLSEN REDERI AS

8012 BODØ

Finances

Share Ownership

Return on Equity

−21,79 %

Current Ratio

1,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 045 000	16 027 000	18 404 000	17 570 000
Net Income	−1 781 000	460 000	1 841 000	1 661 000
Total Assets	9 758 000	11 441 000	11 087 000	11 585 000
Total Equity	8 173 000	7 348 000	6 927 000	7 229 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 045 000	16 027 000	18 404 000	17 570 000
Expenditure	17 350 000	15 450 000	16 054 000	15 454 000
Operating Profit	−2 305 000	577 000	2 349 000	2 117 000
Financial Income	22 000	13 000	14 000	16 000
Financial Costs	1 000	0	2 000	0
Financial Balance	21 000	13 000	12 000	16 000
Earnings Before Tax	−2 283 000	590 000	2 361 000	2 132 000
Tax	−502 000	130 000	519 000	471 000
Net Income	−1 781 000	460 000	1 841 000	1 661 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 271 000	5 622 000	6 188 000	6 736 000
Total Current Assets	2 487 000	5 819 000	4 899 000	4 850 000
Total Assets	9 758 000	11 441 000	11 087 000	11 585 000
Total Retained Equity	5 439 000	7 220 000	6 799 000	7 101 000
Total Equity	8 173 000	7 348 000	6 927 000	7 229 000
Total Long-Term Debt	0	29 000	107 000	186 000
Total Current Debt	1 585 000	4 064 000	4 053 000	4 170 000
Total Equity and Debt	9 758 000	11 441 000	11 087 000	11 585 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 045 000	16 027 000	18 404 000	17 567 000
Other Income	0	0	0	4 000
Revenue	15 045 000	16 027 000	18 404 000	17 570 000
Cost of Goods Sold	424 000	104 000	1 000	15 000
Salary Costs	7 706 000	6 315 000	6 402 000	6 620 000
Depreciation	0	566 000	568 000	562 000
Impairment	0	0	0	0
Expenditure	17 350 000	15 450 000	16 054 000	15 454 000
Operating Profit	−2 305 000	577 000	2 349 000	2 117 000
Financial Income	22 000	13 000	14 000	16 000
Financial Costs	1 000	0	2 000	0
Financial Balance	21 000	13 000	12 000	16 000
Dividends	0	0	1 500 000	2 800 000
Net Income	−1 781 000	460 000	1 841 000	1 661 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	162 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	69 000	69 000	156 000	243 000
Fixtures	60 000	60 000	87 000	91 000
Total Tangible Assets	3 109 000	1 622 000	2 188 000	2 736 000
Total Fiancial Fixed Assets	4 000 000	4 000 000	4 000 000	4 000 000
Total Fixed Assets	7 271 000	5 622 000	6 188 000	6 736 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	842 000	4 092 000	1 609 000	1 439 000
Total Current Assets	2 487 000	5 819 000	4 899 000	4 850 000
Total Assets	9 758 000	11 441 000	11 087 000	11 585 000
Total Equity	8 173 000	7 348 000	6 927 000	7 229 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	29 000	107 000	186 000
Creditors	454 000	519 000	229 000	56 000
Unpaid Taxes	441 000	473 000	565 000	504 000
Dividends	0	0	1 500 000	2 800 000
Other Current Debt	690 000	2 876 000	1 341 000	410 000
Total Current Debt	1 585 000	4 064 000	4 053 000	4 170 000
Total Equity and Debt	9 758 000	11 441 000	11 087 000	11 585 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,79 %	6,26 %	26,58 %	22,98 %
Debt-to-Equity Ratio	0	0	0,02	0,03
Operating Profit Margin	−15,32 %	3,6 %	12,76 %	12,05 %
Current Ratio	1,57	1,43	1,21	1,16
Quick Ratio	1,57	1,43	1,21	1,16
Equity Ratio	0,84	0,64	0,62	0,62
Gross Profit Margin	97,18 %	99,35 %	99,99 %	99,91 %