OLIVE TREE AS

4306 SANDNES

Finances

Return on Equity

−0 %

Current Ratio

0,18

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2021	2020	2019	2018
Revenue	0	598 000	1 720 000	947 000
Net Income	0	−231 000	−203 000	−699 000
Total Assets	230 000	239 000	185 000	202 000
Total Equity	−738 000	−730 000	−499 000	−297 000

Income (NOK)	2020	2019	2018
Revenue	598 000	1 720 000	947 000
Expenditure	829 000	1 914 000	1 691 000
Operating Profit	−231 000	−194 000	−744 000
Financial Income	0	0	0
Financial Costs	0	8 000	1 000
Financial Balance	0	−8 000	−1 000
Earnings Before Tax	−231 000	−203 000	−745 000
Tax	0	0	−46 000
Net Income	−231 000	−203 000	−699 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	34 000	42 000	21 000	26 000
Total Current Assets	197 000	197 000	164 000	176 000
Total Assets	230 000	239 000	185 000	202 000
Total Retained Equity	−768 000	−760 000	−529 000	−327 000
Total Equity	−738 000	−730 000	−499 000	−297 000
Total Long-Term Debt	−148 000	−148 000	−50 000	−50 000
Total Current Debt	1 117 000	1 117 000	734 000	549 000
Total Equity and Debt	230 000	239 000	185 000	202 000

Cash flow (NOK)	2020	2019	2018
Sales Income	598 000	1 720 000	945 000
Other Income	0	0	2 000
Revenue	598 000	1 720 000	947 000
Cost of Goods Sold	292 000	631 000	400 000
Salary Costs	322 000	718 000	398 000
Depreciation	0	5 000	4 000
Impairment	0	0	0
Expenditure	829 000	1 914 000	1 691 000
Operating Profit	−231 000	−194 000	−744 000
Financial Income	0	0	0
Financial Costs	0	8 000	1 000
Financial Balance	0	−8 000	−1 000
Dividends	0	0	0
Net Income	−231 000	−203 000	−699 000

Balance details (NOK)	2021	2020	2019	2018
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	34 000	42 000	21 000	0
Total Tangible Assets	34 000	42 000	21 000	0
Total Fiancial Fixed Assets	0	0	0	26 000
Total Fixed Assets	34 000	42 000	21 000	26 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	147 000	147 000	114 000	77 000
Total Current Assets	197 000	197 000	164 000	176 000
Total Assets	230 000	239 000	185 000	202 000
Total Equity	−738 000	−730 000	−499 000	−297 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	−148 000	−148 000	−50 000	−50 000
Creditors	576 000	576 000	571 000	536 000
Unpaid Taxes	14 000	14 000	151 000	72 000
Dividends	0	0	0	0
Other Current Debt	589 000	589 000	74 000	2 000
Total Current Debt	1 117 000	1 117 000	734 000	549 000
Total Equity and Debt	230 000	239 000	185 000	202 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−0 %	31,64 %	40,68 %	235,35 %
Debt-to-Equity Ratio	0,2	0,2	0,1	0,17
Operating Profit Margin	-	−38,63 %	−11,28 %	−78,56 %
Current Ratio	0,18	0,18	0,22	0,32
Quick Ratio	0,18	0,18	0,22	0,32
Equity Ratio	−3,21	−3,05	−2,7	−1,47
Gross Profit Margin	-	51,17 %	63,31 %	57,76 %