KÅRE OVESEN INVEST AS

7380 ÅLEN

Finances

Return on Equity

31,97 %

Current Ratio

2,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	870 000	602 000	572 000	40 000
Net Income	156 000	35 000	102 000	27 000
Total Assets	728 000	517 000	469 000	416 000
Total Equity	488 000	332 000	297 000	195 000

Income (NOK)	2022	2021	2020	2019
Revenue	870 000	602 000	572 000	40 000
Expenditure	666 000	556 000	441 000	10 000
Operating Profit	204 000	45 000	131 000	30 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	0	−1 000	0	0
Earnings Before Tax	204 000	45 000	131 000	30 000
Tax	48 000	10 000	29 000	3 000
Net Income	156 000	35 000	102 000	27 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	240 000	240 000	240 000	240 000
Total Current Assets	488 000	277 000	229 000	176 000
Total Assets	728 000	517 000	469 000	416 000
Total Retained Equity	388 000	232 000	197 000	95 000
Total Equity	488 000	332 000	297 000	195 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	240 000	185 000	173 000	222 000
Total Equity and Debt	728 000	517 000	469 000	416 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	869 000	602 000	572 000	40 000
Other Income	1 000	0	0	0
Revenue	870 000	602 000	572 000	40 000
Cost of Goods Sold	7 000	0	0	0
Salary Costs	322 000	174 000	154 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	666 000	556 000	441 000	10 000
Operating Profit	204 000	45 000	131 000	30 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	0	−1 000	0	0
Dividends	0	0	0	0
Net Income	156 000	35 000	102 000	27 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	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	240 000	240 000	240 000	240 000
Total Fixed Assets	240 000	240 000	240 000	240 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	97 000	45 000	11 000	6 000
Total Current Assets	488 000	277 000	229 000	176 000
Total Assets	728 000	517 000	469 000	416 000
Total Equity	488 000	332 000	297 000	195 000
Short-Term Group Debt	0	62 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	23 000	4 000	10 000	0
Unpaid Taxes	139 000	40 000	35 000	0
Dividends	0	0	0	0
Other Current Debt	30 000	69 000	98 000	218 000
Total Current Debt	240 000	185 000	173 000	222 000
Total Equity and Debt	728 000	517 000	469 000	416 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,97 %	10,54 %	34,34 %	13,85 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	23,45 %	7,48 %	22,9 %	75 %
Current Ratio	2,03	1,5	1,32	0,79
Quick Ratio	2,03	1,5	1,32	0,79
Equity Ratio	0,67	0,64	0,63	0,47
Gross Profit Margin	99,2 %	100 %	100 %	100 %