ØSTNES AS

3800 BØ I TELEMARK

Finances

Return on Equity

−53,68 %

Current Ratio

0,7

Debt-to-Equity Ratio

−7,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 702 000	2 326 000	3 347 000	5 051 000
Net Income	153 000	30 000	−462 000	−1 233 000
Total Assets	3 123 000	3 133 000	3 107 000	3 896 000
Total Equity	−285 000	−428 000	−458 000	5 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 702 000	2 326 000	3 347 000	5 051 000
Expenditure	2 463 000	2 131 000	2 818 000	4 876 000
Operating Profit	239 000	195 000	530 000	175 000
Financial Income	0	0	0	0
Financial Costs	56 000	157 000	890 000	1 404 000
Financial Balance	−56 000	−157 000	−890 000	−1 404 000
Earnings Before Tax	183 000	39 000	−360 000	−1 228 000
Tax	30 000	9 000	102 000	5 000
Net Income	153 000	30 000	−462 000	−1 233 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 141 000	2 228 000	2 111 000	2 883 000
Total Current Assets	983 000	905 000	996 000	1 013 000
Total Assets	3 123 000	3 133 000	3 107 000	3 896 000
Total Retained Equity	146 000	−528 000	−558 000	−95 000
Total Equity	−285 000	−428 000	−458 000	5 000
Total Long-Term Debt	2 000 000	2 008 000	2 043 000	2 154 000
Total Current Debt	1 400 000	1 552 000	1 522 000	1 738 000
Total Equity and Debt	3 115 000	3 133 000	3 107 000	3 896 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 702 000	2 326 000	3 347 000	5 051 000
Other Income	0	0	0	0
Revenue	2 702 000	2 326 000	3 347 000	5 051 000
Cost of Goods Sold	910 000	875 000	1 479 000	3 388 000
Salary Costs	1 181 000	894 000	921 000	1 064 000
Depreciation	60 000	54 000	47 000	58 000
Impairment	0	0	0	0
Expenditure	2 463 000	2 131 000	2 818 000	4 876 000
Operating Profit	239 000	195 000	530 000	175 000
Financial Income	0	0	0	0
Financial Costs	56 000	157 000	890 000	1 404 000
Financial Balance	−56 000	−157 000	−890 000	−1 404 000
Dividends	0	0	0	0
Net Income	153 000	30 000	−462 000	−1 233 000

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	216 000	303 000	186 000	233 000
Total Tangible Assets	216 000	303 000	186 000	233 000
Total Fiancial Fixed Assets	1 925 000	1 925 000	1 925 000	2 650 000
Total Fixed Assets	2 141 000	2 228 000	2 111 000	2 883 000
Stock	10 000	10 000	10 000	10 000
Total Investments	0	0	0	0
Cash, Bank	35 000	45 000	18 000	0
Total Current Assets	983 000	905 000	996 000	1 013 000
Total Assets	3 123 000	3 133 000	3 107 000	3 896 000
Total Equity	−285 000	−428 000	−458 000	5 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000 000	2 008 000	2 043 000	2 154 000
Creditors	−29 000	142 000	143 000	280 000
Unpaid Taxes	519 000	271 000	227 000	93 000
Dividends	0	0	0	0
Other Current Debt	428 000	600 000	470 000	638 000
Total Current Debt	1 400 000	1 552 000	1 522 000	1 738 000
Total Equity and Debt	3 115 000	3 133 000	3 107 000	3 896 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−53,68 %	−7,01 %	100,87 %	−24 660 %
Debt-to-Equity Ratio	−7,02	−4,69	−4,46	430,8
Operating Profit Margin	8,85 %	8,38 %	15,84 %	3,46 %
Current Ratio	0,7	0,58	0,65	0,58
Quick Ratio	0,71	0,59	0,66	0,59
Equity Ratio	−0,09	−0,14	−0,15	0
Gross Profit Margin	66,32 %	62,38 %	55,81 %	32,92 %