IVAR ØKLAND AS

5541 KOLNES

Finances

Share Ownership

Return on Equity

17,72 %

Current Ratio

0,48

Debt-to-Equity Ratio

1,7

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 014 000	1 548 000	1 180 000	241 000
Net Income	73 000	33 000	100 000	−40 000
Total Assets	1 642 000	1 510 000	1 510 000	1 148 000
Total Equity	412 000	339 000	306 000	206 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 014 000	1 548 000	1 180 000	241 000
Expenditure	1 885 000	1 476 000	1 014 000	275 000
Operating Profit	130 000	72 000	165 000	−33 000
Financial Income	0	0	0	0
Financial Costs	36 000	30 000	36 000	19 000
Financial Balance	−36 000	−30 000	−36 000	−19 000
Earnings Before Tax	94 000	42 000	129 000	−52 000
Tax	21 000	9 000	29 000	−11 000
Net Income	73 000	33 000	100 000	−40 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 386 000	1 280 000	1 019 000	822 000
Total Current Assets	256 000	230 000	491 000	326 000
Total Assets	1 642 000	1 510 000	1 510 000	1 148 000
Total Retained Equity	382 000	309 000	276 000	176 000
Total Equity	412 000	339 000	306 000	206 000
Total Long-Term Debt	699 000	642 000	923 000	808 000
Total Current Debt	531 000	530 000	281 000	134 000
Total Equity and Debt	1 642 000	1 510 000	1 510 000	1 148 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 014 000	1 508 000	1 070 000	229 000
Other Income	0	40 000	110 000	13 000
Revenue	2 014 000	1 548 000	1 180 000	241 000
Cost of Goods Sold	553 000	674 000	392 000	14 000
Salary Costs	381 000	340 000	244 000	95 000
Depreciation	166 000	88 000	147 000	57 000
Impairment	0	0	0	0
Expenditure	1 885 000	1 476 000	1 014 000	275 000
Operating Profit	130 000	72 000	165 000	−33 000
Financial Income	0	0	0	0
Financial Costs	36 000	30 000	36 000	19 000
Financial Balance	−36 000	−30 000	−36 000	−19 000
Dividends	0	0	0	0
Net Income	73 000	33 000	100 000	−40 000

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	428 000	310 000	0	378 000
Fixtures	938 000	947 000	1 019 000	429 000
Total Tangible Assets	1 366 000	1 257 000	1 019 000	807 000
Total Fiancial Fixed Assets	20 000	23 000	0	15 000
Total Fixed Assets	1 386 000	1 280 000	1 019 000	822 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	92 000	77 000	176 000	103 000
Total Current Assets	256 000	230 000	491 000	326 000
Total Assets	1 642 000	1 510 000	1 510 000	1 148 000
Total Equity	412 000	339 000	306 000	206 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	699 000	642 000	923 000	808 000
Creditors	100 000	6 000	25 000	94 000
Unpaid Taxes	46 000	80 000	60 000	22 000
Dividends	0	0	0	0
Other Current Debt	386 000	443 000	196 000	18 000
Total Current Debt	531 000	530 000	281 000	134 000
Total Equity and Debt	1 642 000	1 510 000	1 510 000	1 148 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,72 %	9,73 %	32,68 %	−19,42 %
Debt-to-Equity Ratio	1,7	1,89	3,02	3,92
Operating Profit Margin	6,45 %	4,65 %	13,98 %	−13,69 %
Current Ratio	0,48	0,43	1,75	2,43
Quick Ratio	0,48	0,43	1,75	2,43
Equity Ratio	0,25	0,22	0,2	0,18
Gross Profit Margin	72,54 %	56,46 %	66,78 %	94,19 %