ØRENS MEK AS

7266 KVERVA

Finances

Share Ownership

Return on Equity

−108,6 %

Current Ratio

2,24

Debt-to-Equity Ratio

102,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	901 000	867 000	871 000	872 000
Net Income	−202 000	247 000	321 000	340 000
Total Assets	20 163 000	19 235 000	5 563 000	5 131 000
Total Equity	186 000	889 000	1 244 000	1 208 000

Income (NOK)	2022	2021	2020	2019
Revenue	901 000	867 000	871 000	872 000
Expenditure	299 000	249 000	390 000	308 000
Operating Profit	602 000	618 000	481 000	565 000
Financial Income	31 000	2 000	2 000	82 000
Financial Costs	686 000	195 000	71 000	211 000
Financial Balance	−655 000	−193 000	−69 000	−129 000
Earnings Before Tax	−54 000	424 000	412 000	436 000
Tax	148 000	177 000	91 000	96 000
Net Income	−202 000	247 000	321 000	340 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 044 000	18 168 000	4 948 000	4 713 000
Total Current Assets	2 119 000	1 067 000	615 000	418 000
Total Assets	20 163 000	19 235 000	5 563 000	5 131 000
Total Retained Equity	156 000	859 000	1 214 000	1 178 000
Total Equity	186 000	889 000	1 244 000	1 208 000
Total Long-Term Debt	19 033 000	17 569 000	3 653 000	3 183 000
Total Current Debt	944 000	777 000	666 000	739 000
Total Equity and Debt	20 163 000	19 235 000	5 563 000	5 131 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	901 000	867 000	871 000	872 000
Revenue	901 000	867 000	871 000	872 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	124 000	128 000	128 000	128 000
Impairment	0	0	0	0
Expenditure	299 000	249 000	390 000	308 000
Operating Profit	602 000	618 000	481 000	565 000
Financial Income	31 000	2 000	2 000	82 000
Financial Costs	686 000	195 000	71 000	211 000
Financial Balance	−655 000	−193 000	−69 000	−129 000
Dividends	0	0	0	0
Net Income	−202 000	247 000	321 000	340 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 696 000	4 820 000	4 948 000	4 713 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 696 000	4 820 000	4 948 000	4 713 000
Total Fiancial Fixed Assets	13 348 000	13 348 000	0	0
Total Fixed Assets	18 044 000	18 168 000	4 948 000	4 713 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 115 000	1 064 000	589 000	399 000
Total Current Assets	2 119 000	1 067 000	615 000	418 000
Total Assets	20 163 000	19 235 000	5 563 000	5 131 000
Total Equity	186 000	889 000	1 244 000	1 208 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 033 000	17 569 000	3 653 000	3 183 000
Creditors	4 000	5 000	32 000	73 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	941 000	772 000	635 000	666 000
Total Current Debt	944 000	777 000	666 000	739 000
Total Equity and Debt	20 163 000	19 235 000	5 563 000	5 131 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−108,6 %	27,78 %	25,8 %	28,15 %
Debt-to-Equity Ratio	102,33	19,76	2,94	2,63
Operating Profit Margin	66,81 %	71,28 %	55,22 %	64,79 %
Current Ratio	2,24	1,37	0,92	0,57
Quick Ratio	2,24	1,37	0,92	0,57
Equity Ratio	0,01	0,05	0,22	0,24
Gross Profit Margin	100 %	100 %	100 %	100 %