OVELER ENGINEERING AS

4360 VARHAUG

Finances

Return on Equity

34,57 %

Current Ratio

1,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 160 000	0	985 000	2 183 000
Net Income	130 000	−99 000	234 000	388 000
Total Assets	730 000	277 000	829 000	902 000
Total Equity	376 000	246 000	345 000	507 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 160 000	0	985 000	2 183 000
Expenditure	1 022 000	98 000	686 000	1 694 000
Operating Profit	139 000	−99 000	300 000	489 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	139 000	−99 000	300 000	490 000
Tax	9 000	0	66 000	102 000
Net Income	130 000	−99 000	234 000	388 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	275 000	275 000	200 000	100 000
Total Current Assets	455 000	2 000	629 000	802 000
Total Assets	730 000	277 000	829 000	902 000
Total Retained Equity	353 000	223 000	322 000	484 000
Total Equity	376 000	246 000	345 000	507 000
Total Long-Term Debt	0	0	0	1 000
Total Current Debt	354 000	31 000	485 000	394 000
Total Equity and Debt	730 000	277 000	829 000	902 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 160 000	0	985 000	2 183 000
Other Income	0	0	0	0
Revenue	1 160 000	0	985 000	2 183 000
Cost of Goods Sold	0	0	0	0
Salary Costs	827 000	4 000	551 000	1 506 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 022 000	98 000	686 000	1 694 000
Operating Profit	139 000	−99 000	300 000	489 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	396 000	0
Net Income	130 000	−99 000	234 000	388 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	275 000	275 000	200 000	100 000
Total Fixed Assets	275 000	275 000	200 000	100 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	274 000	1 000	235 000	616 000
Total Current Assets	455 000	2 000	629 000	802 000
Total Assets	730 000	277 000	829 000	902 000
Total Equity	376 000	246 000	345 000	507 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 000
Creditors	−3 000	−3 000	−3 000	24 000
Unpaid Taxes	340 000	0	25 000	200 000
Dividends	0	0	396 000	0
Other Current Debt	8 000	34 000	0	70 000
Total Current Debt	354 000	31 000	485 000	394 000
Total Equity and Debt	730 000	277 000	829 000	902 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,57 %	−40,24 %	67,83 %	76,53 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,98 %	-	30,46 %	22,4 %
Current Ratio	1,29	0,06	1,3	2,04
Quick Ratio	1,29	0,06	1,3	2,04
Equity Ratio	0,52	0,89	0,42	0,56
Gross Profit Margin	100 %	-	100 %	100 %