Østervåg Sko A/S

4070 RANDABERG

Finances

Return on Equity

42,2 %

Current Ratio

2,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 097 000	3 798 000	3 288 000	4 204 000
Net Income	2 496 000	753 000	−500 000	−366 000
Total Assets	9 844 000	5 336 000	4 835 000	5 148 000
Total Equity	5 914 000	3 418 000	2 665 000	3 165 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 097 000	3 798 000	3 288 000	4 204 000
Expenditure	4 166 000	2 922 000	3 336 000	4 238 000
Operating Profit	2 932 000	876 000	−48 000	−34 000
Financial Income	0	−123 000	−136 000	−332 000
Financial Costs	0	0	0	0
Financial Balance	0	−123 000	−136 000	−332 000
Earnings Before Tax	2 932 000	753 000	−184 000	−366 000
Tax	436 000	0	316 000	0
Net Income	2 496 000	753 000	−500 000	−366 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 739 000	43 000	191 000	667 000
Total Current Assets	8 105 000	5 293 000	4 644 000	4 482 000
Total Assets	9 844 000	5 336 000	4 835 000	5 148 000
Total Retained Equity	4 314 000	1 818 000	1 065 000	1 565 000
Total Equity	5 914 000	3 418 000	2 665 000	3 165 000
Total Long-Term Debt	17 000	99 000	139 000	271 000
Total Current Debt	3 913 000	1 819 000	2 031 000	1 713 000
Total Equity and Debt	9 844 000	5 336 000	4 835 000	5 148 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 061 000	3 765 000	3 227 000	4 204 000
Other Income	37 000	34 000	61 000	0
Revenue	7 097 000	3 798 000	3 288 000	4 204 000
Cost of Goods Sold	2 654 000	1 510 000	1 719 000	2 133 000
Salary Costs	1 075 000	790 000	811 000	1 279 000
Depreciation	24 000	24 000	24 000	24 000
Impairment	0	0	0	0
Expenditure	4 166 000	2 922 000	3 336 000	4 238 000
Operating Profit	2 932 000	876 000	−48 000	−34 000
Financial Income	0	−123 000	−136 000	−332 000
Financial Costs	0	0	0	0
Financial Balance	0	−123 000	−136 000	−332 000
Dividends	0	0	0	0
Net Income	2 496 000	753 000	−500 000	−366 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	316 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	256 000	43 000	67 000	91 000
Total Tangible Assets	256 000	43 000	67 000	91 000
Total Fiancial Fixed Assets	1 483 000	0	123 000	260 000
Total Fixed Assets	1 739 000	43 000	191 000	667 000
Stock	0	2 104 000	2 184 000	1 978 000
Total Investments	0	0	0	0
Cash, Bank	5 971 000	1 151 000	660 000	804 000
Total Current Assets	8 105 000	5 293 000	4 644 000	4 482 000
Total Assets	9 844 000	5 336 000	4 835 000	5 148 000
Total Equity	5 914 000	3 418 000	2 665 000	3 165 000
Short-Term Group Debt	1 901 000	0	0	0
Total Long-Term Debt	17 000	99 000	139 000	271 000
Creditors	71 000	45 000	38 000	39 000
Unpaid Taxes	384 000	246 000	177 000	209 000
Dividends	0	0	0	0
Other Current Debt	1 556 000	1 528 000	1 816 000	1 464 000
Total Current Debt	3 913 000	1 819 000	2 031 000	1 713 000
Total Equity and Debt	9 844 000	5 336 000	4 835 000	5 148 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,2 %	22,03 %	−18,76 %	−11,56 %
Debt-to-Equity Ratio	0	0,03	0,05	0,09
Operating Profit Margin	41,31 %	23,06 %	−1,46 %	−0,81 %
Current Ratio	2,07	2,91	2,29	2,62
Quick Ratio	2,07	−18,57	−30,35	−16,91
Equity Ratio	0,6	0,64	0,55	0,61
Gross Profit Margin	62,6 %	60,24 %	47,72 %	49,26 %