OLSVIK WELL CONSTRUCTION AS

4042 HAFRSFJORD

Finances

Share Ownership

Return on Equity

114,68 %

Current Ratio

2,79

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 893 000	197 000	499 000	1 303 000
Net Income	1 445 000	185 000	−502 000	469 000
Total Assets	1 984 000	424 000	567 000	956 000
Total Equity	1 260 000	66 000	−119 000	383 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 893 000	197 000	499 000	1 303 000
Expenditure	1 051 000	12 000	1 008 000	840 000
Operating Profit	1 842 000	185 000	−508 000	463 000
Financial Income	29 000	0	0	15 000
Financial Costs	19 000	0	0	3 000
Financial Balance	10 000	0	0	12 000
Earnings Before Tax	1 852 000	185 000	−508 000	475 000
Tax	407 000	0	−6 000	6 000
Net Income	1 445 000	185 000	−502 000	469 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	−15 000	0	0
Total Current Assets	1 984 000	439 000	567 000	956 000
Total Assets	1 984 000	424 000	567 000	956 000
Total Retained Equity	1 215 000	21 000	−164 000	338 000
Total Equity	1 260 000	66 000	−119 000	383 000
Total Long-Term Debt	14 000	0	0	0
Total Current Debt	710 000	358 000	686 000	573 000
Total Equity and Debt	1 984 000	424 000	567 000	956 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 294 000	197 000	499 000	1 303 000
Other Income	599 000	0	0	0
Revenue	2 893 000	197 000	499 000	1 303 000
Cost of Goods Sold	0	0	46 000	0
Salary Costs	905 000	0	962 000	597 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 051 000	12 000	1 008 000	840 000
Operating Profit	1 842 000	185 000	−508 000	463 000
Financial Income	29 000	0	0	15 000
Financial Costs	19 000	0	0	3 000
Financial Balance	10 000	0	0	12 000
Dividends	250 000	0	0	330 000
Net Income	1 445 000	185 000	−502 000	469 000

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	0	−15 000	0	0
Total Fixed Assets	0	−15 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 336 000	183 000	513 000	838 000
Total Current Assets	1 984 000	439 000	567 000	956 000
Total Assets	1 984 000	424 000	567 000	956 000
Total Equity	1 260 000	66 000	−119 000	383 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	14 000	0	0	0
Creditors	55 000	46 000	46 000	−12 000
Unpaid Taxes	96 000	38 000	36 000	137 000
Dividends	250 000	0	0	330 000
Other Current Debt	152 000	274 000	274 000	112 000
Total Current Debt	710 000	358 000	686 000	573 000
Total Equity and Debt	1 984 000	424 000	567 000	956 000

Financial indicators	2022	2021	2020	2019
Return on Equity	114,68 %	280,3 %	421,85 %	122,45 %
Debt-to-Equity Ratio	0,01	0	−0	0
Operating Profit Margin	63,67 %	93,91 %	−101,8 %	35,53 %
Current Ratio	2,79	1,23	0,83	1,67
Quick Ratio	2,79	1,23	0,83	1,67
Equity Ratio	0,64	0,16	−0,21	0,4
Gross Profit Margin	100 %	100 %	90,78 %	100 %