OLYMPIC ARES AS

6090 FOSNAVÅG

Finances

Share Ownership

Return on Equity

86,22 %

Current Ratio

6,45

Debt-to-Equity Ratio

4,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	53 273 000	32 820 000	43 900 000	48 211 000
Net Income	74 402 000	−4 062 000	−185 185 000	1 186 000
Total Assets	502 998 000	444 009 000	445 214 000	620 409 000
Total Equity	86 292 000	11 889 000	15 951 000	201 136 000

Income (NOK)	2022	2021	2020	2019
Revenue	53 273 000	32 820 000	43 900 000	48 211 000
Expenditure	−38 230 000	22 527 000	87 682 000	36 149 000
Operating Profit	91 502 000	10 292 000	−43 782 000	12 061 000
Financial Income	8 367 000	7 233 000	12 193 000	9 037 000
Financial Costs	25 467 000	21 587 000	153 596 000	19 913 000
Financial Balance	−17 100 000	−14 354 000	−141 403 000	−10 876 000
Earnings Before Tax	74 402 000	−4 062 000	−185 185 000	1 186 000
Tax	0	0	0	0
Net Income	74 402 000	−4 062 000	−185 185 000	1 186 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	438 448 000	393 400 000	410 665 000	476 918 000
Total Current Assets	64 551 000	50 609 000	34 549 000	143 491 000
Total Assets	502 998 000	444 009 000	445 214 000	620 409 000
Total Retained Equity	−113 738 000	−188 141 000	−184 079 000	1 106 000
Total Equity	86 292 000	11 889 000	15 951 000	201 136 000
Total Long-Term Debt	406 701 000	425 443 000	410 432 000	409 196 000
Total Current Debt	10 006 000	6 677 000	18 830 000	10 077 000
Total Equity and Debt	502 998 000	444 009 000	445 214 000	620 409 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 273 000	32 820 000	43 900 000	48 211 000
Other Income	0	0	0	0
Revenue	53 273 000	32 820 000	43 900 000	48 211 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	10 000	3 119 000	9 889 000
Depreciation	17 773 000	17 517 000	17 234 000	15 759 000
Impairment	−60 000 000	0	60 000 000	0
Expenditure	−38 230 000	22 527 000	87 682 000	36 149 000
Operating Profit	91 502 000	10 292 000	−43 782 000	12 061 000
Financial Income	8 367 000	7 233 000	12 193 000	9 037 000
Financial Costs	25 467 000	21 587 000	153 596 000	19 913 000
Financial Balance	−17 100 000	−14 354 000	−141 403 000	−10 876 000
Dividends	0	0	0	0
Net Income	74 402 000	−4 062 000	−185 185 000	1 186 000

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	438 448 000	393 400 000	410 665 000	476 918 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	438 448 000	393 400 000	410 665 000	476 918 000
Stock	1 886 000	1 913 000	1 780 000	1 441 000
Total Investments	0	0	0	0
Cash, Bank	96 000	380 000	398 000	7 616 000
Total Current Assets	64 551 000	50 609 000	34 549 000	143 491 000
Total Assets	502 998 000	444 009 000	445 214 000	620 409 000
Total Equity	86 292 000	11 889 000	15 951 000	201 136 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	406 701 000	425 443 000	410 432 000	409 196 000
Creditors	4 714 000	4 386 000	3 948 000	3 918 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	5 282 000	2 281 000	14 873 000	6 152 000
Total Current Debt	10 006 000	6 677 000	18 830 000	10 077 000
Total Equity and Debt	502 998 000	444 009 000	445 214 000	620 409 000

Financial indicators	2022	2021	2020	2019
Return on Equity	86,22 %	−34,17 %	−1 160,96 %	0,59 %
Debt-to-Equity Ratio	4,71	35,78	25,73	2,03
Operating Profit Margin	171,76 %	31,36 %	−99,73 %	25,02 %
Current Ratio	6,45	7,58	1,83	14,24
Quick Ratio	7,95	10,62	2,03	16,62
Equity Ratio	0,17	0,03	0,04	0,32
Gross Profit Margin	100 %	100 %	100 %	100 %