RE OLSEN AS

9952 VARDØ

Finances

Share Ownership

Return on Equity

29,61 %

Current Ratio

0,5

Debt-to-Equity Ratio

1,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 247 000	326 000	209 000	1 320 000
Net Income	135 000	−14 000	−450 000	−317 000
Total Assets	1 773 000	1 591 000	1 815 000	242 000
Total Equity	456 000	321 000	−685 000	−235 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 247 000	326 000	209 000	1 320 000
Expenditure	1 008 000	609 000	627 000	1 631 000
Operating Profit	239 000	−282 000	−417 000	−311 000
Financial Income	8 000	0	0	0
Financial Costs	73 000	72 000	33 000	6 000
Financial Balance	−65 000	−72 000	−33 000	−6 000
Earnings Before Tax	173 000	−354 000	−450 000	−317 000
Tax	38 000	−340 000	0	0
Net Income	135 000	−14 000	−450 000	−317 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 516 000	1 556 000	1 247 000	0
Total Current Assets	256 000	36 000	568 000	242 000
Total Assets	1 773 000	1 591 000	1 815 000	242 000
Total Retained Equity	56 000	−79 000	−1 085 000	−635 000
Total Equity	456 000	321 000	−685 000	−235 000
Total Long-Term Debt	810 000	873 000	1 287 000	13 000
Total Current Debt	507 000	397 000	1 213 000	463 000
Total Equity and Debt	1 773 000	1 591 000	1 815 000	242 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 247 000	326 000	209 000	1 320 000
Other Income	0	0	0	0
Revenue	1 247 000	326 000	209 000	1 320 000
Cost of Goods Sold	16 000	55 000	143 000	1 017 000
Salary Costs	356 000	48 000	−28 000	276 000
Depreciation	257 000	231 000	203 000	0
Impairment	0	0	0	0
Expenditure	1 008 000	609 000	627 000	1 631 000
Operating Profit	239 000	−282 000	−417 000	−311 000
Financial Income	8 000	0	0	0
Financial Costs	73 000	72 000	33 000	6 000
Financial Balance	−65 000	−72 000	−33 000	−6 000
Dividends	0	0	0	0
Net Income	135 000	−14 000	−450 000	−317 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	301 000	340 000	0	0
Real Eastate	154 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	76 000	0	0	0
Total Tangible Assets	1 215 000	1 216 000	1 247 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 516 000	1 556 000	1 247 000	0
Stock	0	0	0	162 000
Total Investments	0	0	0	5 000
Cash, Bank	256 000	3 000	39 000	2 000
Total Current Assets	256 000	36 000	568 000	242 000
Total Assets	1 773 000	1 591 000	1 815 000	242 000
Total Equity	456 000	321 000	−685 000	−235 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	810 000	873 000	1 287 000	13 000
Creditors	20 000	84 000	79 000	111 000
Unpaid Taxes	54 000	0	0	27 000
Dividends	0	0	0	0
Other Current Debt	434 000	313 000	1 134 000	325 000
Total Current Debt	507 000	397 000	1 213 000	463 000
Total Equity and Debt	1 773 000	1 591 000	1 815 000	242 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,61 %	−4,36 %	65,69 %	134,89 %
Debt-to-Equity Ratio	1,78	2,72	−1,88	−0,06
Operating Profit Margin	19,17 %	−86,5 %	−199,52 %	−23,56 %
Current Ratio	0,5	0,09	0,47	0,52
Quick Ratio	0,5	0,09	0,47	0,8
Equity Ratio	0,26	0,2	−0,38	−0,97
Gross Profit Margin	98,72 %	83,13 %	31,58 %	22,95 %