ORECO AS

1356 BEKKESTUA

Finances

Return on Equity

1,59 %

Current Ratio

2,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 289 000	570 000	2 698 000	1 419 000
Net Income	258 000	−980 000	6 957 000	3 442 000
Total Assets	16 476 000	16 203 000	19 618 000	14 367 000
Total Equity	16 222 000	15 964 000	16 944 000	11 461 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 289 000	570 000	2 698 000	1 419 000
Expenditure	1 125 000	991 000	1 005 000	779 000
Operating Profit	164 000	−422 000	1 693 000	639 000
Financial Income	126 000	278 000	5 720 000	3 045 000
Financial Costs	0	837 000	40 000	112 000
Financial Balance	126 000	−559 000	5 680 000	2 933 000
Earnings Before Tax	290 000	−980 000	7 373 000	3 573 000
Tax	32 000	0	416 000	131 000
Net Income	258 000	−980 000	6 957 000	3 442 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 747 000	14 630 000	7 050 000	12 642 000
Total Current Assets	729 000	1 574 000	12 568 000	1 725 000
Total Assets	16 476 000	16 203 000	19 618 000	14 367 000
Total Retained Equity	12 322 000	12 064 000	13 044 000	7 561 000
Total Equity	16 222 000	15 964 000	16 944 000	11 461 000
Total Long-Term Debt	1 000	0	0	2 111 000
Total Current Debt	253 000	239 000	2 674 000	794 000
Total Equity and Debt	16 476 000	16 203 000	19 618 000	14 367 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 289 000	570 000	2 698 000	1 419 000
Revenue	1 289 000	570 000	2 698 000	1 419 000
Cost of Goods Sold	0	0	0	0
Salary Costs	796 000	718 000	662 000	385 000
Depreciation	7 000	7 000	6 000	0
Impairment	0	0	0	0
Expenditure	1 125 000	991 000	1 005 000	779 000
Operating Profit	164 000	−422 000	1 693 000	639 000
Financial Income	126 000	278 000	5 720 000	3 045 000
Financial Costs	0	837 000	40 000	112 000
Financial Balance	126 000	−559 000	5 680 000	2 933 000
Dividends	0	0	0	0
Net Income	258 000	−980 000	6 957 000	3 442 000

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	3 000	10 000	17 000	0
Total Tangible Assets	3 000	10 000	17 000	0
Total Fiancial Fixed Assets	15 744 000	14 620 000	7 033 000	12 642 000
Total Fixed Assets	15 747 000	14 630 000	7 050 000	12 642 000
Stock	0	0	0	0
Total Investments	0	0	6 933 000	0
Cash, Bank	396 000	1 371 000	5 317 000	1 685 000
Total Current Assets	729 000	1 574 000	12 568 000	1 725 000
Total Assets	16 476 000	16 203 000	19 618 000	14 367 000
Total Equity	16 222 000	15 964 000	16 944 000	11 461 000
Short-Term Group Debt	0	0	1 890 000	596 000
Total Long-Term Debt	1 000	0	0	2 111 000
Creditors	0	18 000	0	10 000
Unpaid Taxes	106 000	86 000	646 000	119 000
Dividends	0	0	0	0
Other Current Debt	115 000	136 000	139 000	68 000
Total Current Debt	253 000	239 000	2 674 000	794 000
Total Equity and Debt	16 476 000	16 203 000	19 618 000	14 367 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,59 %	−6,14 %	41,06 %	30,03 %
Debt-to-Equity Ratio	0	0	0	0,18
Operating Profit Margin	12,72 %	−74,04 %	62,75 %	45,03 %
Current Ratio	2,88	6,59	4,7	2,17
Quick Ratio	2,88	6,59	4,7	2,17
Equity Ratio	0,98	0,99	0,86	0,8
Gross Profit Margin	100 %	100 %	100 %	100 %