TORE WERNER OLSEN AS

2406 ELVERUM

Finances

Share Ownership

Return on Equity

191,89 %

Current Ratio

1,13

Debt-to-Equity Ratio

0,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	33 828 000	25 307 000	15 086 000	17 339 000
Net Income	4 966 000	3 306 000	1 526 000	1 621 000
Total Assets	15 806 000	11 797 000	5 142 000	5 564 000
Total Equity	2 588 000	2 814 000	2 810 000	1 284 000

Income (NOK)	2022	2021	2020	2019
Revenue	33 828 000	25 307 000	15 086 000	17 339 000
Expenditure	27 520 000	21 077 000	13 162 000	15 295 000
Operating Profit	6 309 000	4 230 000	1 925 000	2 044 000
Financial Income	76 000	10 000	29 000	33 000
Financial Costs	18 000	1 000	1 000	0
Financial Balance	58 000	9 000	28 000	33 000
Earnings Before Tax	6 367 000	4 239 000	1 953 000	2 077 000
Tax	1 401 000	933 000	427 000	456 000
Net Income	4 966 000	3 306 000	1 526 000	1 621 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 748 000	928 000	17 000	15 000
Total Current Assets	14 058 000	10 869 000	5 125 000	5 548 000
Total Assets	15 806 000	11 797 000	5 142 000	5 564 000
Total Retained Equity	2 188 000	2 414 000	2 410 000	884 000
Total Equity	2 588 000	2 814 000	2 810 000	1 284 000
Total Long-Term Debt	801 000	42 000	38 000	17 000
Total Current Debt	12 416 000	8 941 000	2 294 000	4 263 000
Total Equity and Debt	15 806 000	11 797 000	5 142 000	5 564 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	33 813 000	25 302 000	15 086 000	17 339 000
Other Income	15 000	6 000	0	0
Revenue	33 828 000	25 307 000	15 086 000	17 339 000
Cost of Goods Sold	12 445 000	9 234 000	3 551 000	4 324 000
Salary Costs	11 682 000	9 390 000	7 595 000	8 680 000
Depreciation	308 000	93 000	0	0
Impairment	0	0	0	0
Expenditure	27 520 000	21 077 000	13 162 000	15 295 000
Operating Profit	6 309 000	4 230 000	1 925 000	2 044 000
Financial Income	76 000	10 000	29 000	33 000
Financial Costs	18 000	1 000	1 000	0
Financial Balance	58 000	9 000	28 000	33 000
Dividends	0	0	0	1 000 000
Net Income	4 966 000	3 306 000	1 526 000	1 621 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	68 000	69 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	542 000	0	0
Fixtures	1 681 000	308 000	0	0
Total Tangible Assets	1 681 000	849 000	0	0
Total Fiancial Fixed Assets	0	10 000	17 000	15 000
Total Fixed Assets	1 748 000	928 000	17 000	15 000
Stock	298 000	312 000	306 000	223 000
Total Investments	0	0	0	0
Cash, Bank	176 000	121 000	3 664 000	3 517 000
Total Current Assets	14 058 000	10 869 000	5 125 000	5 548 000
Total Assets	15 806 000	11 797 000	5 142 000	5 564 000
Total Equity	2 588 000	2 814 000	2 810 000	1 284 000
Short-Term Group Debt	6 737 000	4 234 000	0	0
Total Long-Term Debt	801 000	42 000	38 000	17 000
Creditors	1 592 000	1 415 000	122 000	245 000
Unpaid Taxes	2 187 000	1 107 000	951 000	1 050 000
Dividends	0	0	0	1 000 000
Other Current Debt	1 888 000	2 186 000	815 000	1 484 000
Total Current Debt	12 416 000	8 941 000	2 294 000	4 263 000
Total Equity and Debt	15 806 000	11 797 000	5 142 000	5 564 000

Financial indicators	2022	2021	2020	2019
Return on Equity	191,89 %	117,48 %	54,31 %	126,25 %
Debt-to-Equity Ratio	0,31	0,01	0,01	0,01
Operating Profit Margin	18,65 %	16,71 %	12,76 %	11,79 %
Current Ratio	1,13	1,22	2,23	1,3
Quick Ratio	1,16	1,26	2,58	1,37
Equity Ratio	0,16	0,24	0,55	0,23
Gross Profit Margin	63,21 %	63,51 %	76,46 %	75,06 %