OLVONDO TECHNOLOGY AS

5420 RUBBESTADNESET

Finances

Share Ownership

Return on Equity

−64,68 %

Current Ratio

0,8

Debt-to-Equity Ratio

1,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 728 000	147 000	119 000	1 178 000
Net Income	−12 929 000	−4 159 000	−3 087 000	−5 225 000
Total Assets	56 615 000	66 017 000	47 052 000	36 697 000
Total Equity	19 989 000	32 918 000	27 077 000	9 779 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 728 000	147 000	119 000	1 178 000
Expenditure	14 225 000	3 503 000	965 000	5 400 000
Operating Profit	−11 498 000	−3 357 000	−845 000	−4 223 000
Financial Income	87 000	38 000	58 000	16 000
Financial Costs	1 518 000	841 000	2 300 000	1 018 000
Financial Balance	−1 431 000	−803 000	−2 242 000	−1 002 000
Earnings Before Tax	−12 929 000	−4 159 000	−3 087 000	−5 225 000
Tax	0	0	0	0
Net Income	−12 929 000	−4 159 000	−3 087 000	−5 225 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 748 000	57 136 000	41 368 000	33 012 000
Total Current Assets	3 866 000	8 881 000	5 684 000	3 685 000
Total Assets	56 615 000	66 017 000	47 052 000	36 697 000
Total Retained Equity	0	0	−18 725 000	−15 638 000
Total Equity	19 989 000	32 918 000	27 077 000	9 779 000
Total Long-Term Debt	31 767 000	27 276 000	11 774 000	22 131 000
Total Current Debt	4 859 000	5 823 000	8 200 000	4 787 000
Total Equity and Debt	56 615 000	66 017 000	47 052 000	36 697 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 154 000	75 000	119 000	1 178 000
Other Income	573 000	72 000	0	0
Revenue	2 728 000	147 000	119 000	1 178 000
Cost of Goods Sold	4 115 000	237 000	233 000	1 131 000
Salary Costs	5 027 000	2 476 000	1 516 000	2 387 000
Depreciation	946 000	954 000	954 000	954 000
Impairment	0	0	0	0
Expenditure	14 225 000	3 503 000	965 000	5 400 000
Operating Profit	−11 498 000	−3 357 000	−845 000	−4 223 000
Financial Income	87 000	38 000	58 000	16 000
Financial Costs	1 518 000	841 000	2 300 000	1 018 000
Financial Balance	−1 431 000	−803 000	−2 242 000	−1 002 000
Dividends	0	0	0	0
Net Income	−12 929 000	−4 159 000	−3 087 000	−5 225 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	43 510 000	46 952 000	30 230 000	20 921 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	9 238 000	10 184 000	11 138 000	12 091 000
Fixtures	0	0	0	0
Total Tangible Assets	9 238 000	10 184 000	11 138 000	12 091 000
Total Fiancial Fixed Assets	1 000	0	0	0
Total Fixed Assets	52 748 000	57 136 000	41 368 000	33 012 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 068 000	419 000	2 689 000	447 000
Total Current Assets	3 866 000	8 881 000	5 684 000	3 685 000
Total Assets	56 615 000	66 017 000	47 052 000	36 697 000
Total Equity	19 989 000	32 918 000	27 077 000	9 779 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	31 767 000	27 276 000	11 774 000	22 131 000
Creditors	2 162 000	975 000	3 685 000	1 635 000
Unpaid Taxes	599 000	531 000	296 000	30 000
Dividends	0	0	0	0
Other Current Debt	2 097 000	1 276 000	341 000	353 000
Total Current Debt	4 859 000	5 823 000	8 200 000	4 787 000
Total Equity and Debt	56 615 000	66 017 000	47 052 000	36 697 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−64,68 %	−12,63 %	−11,4 %	−53,43 %
Debt-to-Equity Ratio	1,59	0,83	0,43	2,26
Operating Profit Margin	−421,48 %	−2 283,67 %	−710,08 %	−358,49 %
Current Ratio	0,8	1,53	0,69	0,77
Quick Ratio	0,8	1,53	0,69	0,77
Equity Ratio	0,35	0,5	0,58	0,27
Gross Profit Margin	−50,84 %	−61,22 %	−95,8 %	3,99 %