OLAV STORMO AS

4847 ARENDAL

Finances

Return on Equity

22,35 %

Current Ratio

3,09

Debt-to-Equity Ratio

0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 870 000	17 246 000	18 376 000	15 674 000
Net Income	550 000	768 000	938 000	68 000
Total Assets	5 556 000	6 189 000	6 503 000	5 047 000
Total Equity	2 461 000	1 911 000	1 594 000	3 136 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 870 000	17 246 000	18 376 000	15 674 000
Expenditure	13 110 000	16 203 000	17 107 000	15 586 000
Operating Profit	760 000	1 043 000	1 269 000	89 000
Financial Income	13 000	4 000	3 000	8 000
Financial Costs	69 000	62 000	69 000	9 000
Financial Balance	−56 000	−58 000	−66 000	−1 000
Earnings Before Tax	705 000	985 000	1 203 000	87 000
Tax	155 000	217 000	265 000	19 000
Net Income	550 000	768 000	938 000	68 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	64 000	81 000	210 000
Total Current Assets	5 519 000	6 125 000	6 423 000	4 838 000
Total Assets	5 556 000	6 189 000	6 503 000	5 047 000
Total Retained Equity	2 136 000	1 586 000	1 269 000	2 636 000
Total Equity	2 461 000	1 911 000	1 594 000	3 136 000
Total Long-Term Debt	1 309 000	1 460 000	1 600 000	0
Total Current Debt	1 787 000	2 818 000	3 309 000	1 912 000
Total Equity and Debt	5 556 000	6 189 000	6 503 000	5 047 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 870 000	17 106 000	18 344 000	15 674 000
Other Income	0	140 000	32 000	0
Revenue	13 870 000	17 246 000	18 376 000	15 674 000
Cost of Goods Sold	7 194 000	9 193 000	10 017 000	8 608 000
Salary Costs	4 171 000	5 072 000	5 075 000	4 933 000
Depreciation	2 000	27 000	66 000	109 000
Impairment	0	0	0	0
Expenditure	13 110 000	16 203 000	17 107 000	15 586 000
Operating Profit	760 000	1 043 000	1 269 000	89 000
Financial Income	13 000	4 000	3 000	8 000
Financial Costs	69 000	62 000	69 000	9 000
Financial Balance	−56 000	−58 000	−66 000	−1 000
Dividends	0	450 000	800 000	0
Net Income	550 000	768 000	938 000	68 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	37 000	62 000	52 000	60 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	2 000	29 000	149 000
Total Tangible Assets	0	2 000	29 000	149 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	37 000	64 000	81 000	210 000
Stock	3 863 000	3 158 000	3 159 000	3 756 000
Total Investments	0	0	0	0
Cash, Bank	890 000	1 943 000	2 457 000	263 000
Total Current Assets	5 519 000	6 125 000	6 423 000	4 838 000
Total Assets	5 556 000	6 189 000	6 503 000	5 047 000
Total Equity	2 461 000	1 911 000	1 594 000	3 136 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 309 000	1 460 000	1 600 000	0
Creditors	519 000	681 000	876 000	483 000
Unpaid Taxes	491 000	615 000	655 000	666 000
Dividends	0	450 000	800 000	0
Other Current Debt	647 000	844 000	722 000	570 000
Total Current Debt	1 787 000	2 818 000	3 309 000	1 912 000
Total Equity and Debt	5 556 000	6 189 000	6 503 000	5 047 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,35 %	40,19 %	58,85 %	2,17 %
Debt-to-Equity Ratio	0,53	0,76	1	0
Operating Profit Margin	5,48 %	6,05 %	6,91 %	0,57 %
Current Ratio	3,09	2,17	1,94	2,53
Quick Ratio	−2,66	−18,01	42,82	−2,62
Equity Ratio	0,44	0,31	0,25	0,62
Gross Profit Margin	48,13 %	46,69 %	45,49 %	45,08 %