OLLE MICHELSEN AS

7896 BREKKVASSELV

Finances

Share Ownership

Return on Equity

14,33 %

Current Ratio

10,8

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 888 000	2 882 000	2 553 000	3 408 000
Net Income	1 189 000	2 000	473 000	589 000
Total Assets	9 670 000	9 614 000	9 299 000	8 635 000
Total Equity	8 295 000	7 106 000	7 103 000	6 630 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 888 000	2 882 000	2 553 000	3 408 000
Expenditure	3 359 000	2 867 000	1 921 000	2 690 000
Operating Profit	1 529 000	15 000	633 000	718 000
Financial Income	0	2 000	1 000	2 000
Financial Costs	4 000	14 000	28 000	37 000
Financial Balance	−4 000	−12 000	−27 000	−35 000
Earnings Before Tax	1 525 000	3 000	606 000	683 000
Tax	335 000	1 000	133 000	93 000
Net Income	1 189 000	2 000	473 000	589 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 151 000	4 998 000	5 558 000	5 139 000
Total Current Assets	5 519 000	4 616 000	3 741 000	3 496 000
Total Assets	9 670 000	9 614 000	9 299 000	8 635 000
Total Retained Equity	8 135 000	6 946 000	6 943 000	6 470 000
Total Equity	8 295 000	7 106 000	7 103 000	6 630 000
Total Long-Term Debt	864 000	1 673 000	1 464 000	1 599 000
Total Current Debt	511 000	835 000	732 000	406 000
Total Equity and Debt	9 670 000	9 614 000	9 299 000	8 635 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 789 000	2 702 000	2 132 000	2 076 000
Other Income	1 099 000	180 000	421 000	1 332 000
Revenue	4 888 000	2 882 000	2 553 000	3 408 000
Cost of Goods Sold	572 000	508 000	43 000	640 000
Salary Costs	719 000	373 000	359 000	209 000
Depreciation	470 000	561 000	484 000	428 000
Impairment	0	0	0	0
Expenditure	3 359 000	2 867 000	1 921 000	2 690 000
Operating Profit	1 529 000	15 000	633 000	718 000
Financial Income	0	2 000	1 000	2 000
Financial Costs	4 000	14 000	28 000	37 000
Financial Balance	−4 000	−12 000	−27 000	−35 000
Dividends	0	0	0	0
Net Income	1 189 000	2 000	473 000	589 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 419 000	3 166 000	3 299 000	3 433 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	562 000	772 000	2 259 000	1 626 000
Total Tangible Assets	4 151 000	4 998 000	5 558 000	5 059 000
Total Fiancial Fixed Assets	0	0	0	80 000
Total Fixed Assets	4 151 000	4 998 000	5 558 000	5 139 000
Stock	0	0	0	0
Total Investments	1 000	1 000	1 000	1 000
Cash, Bank	5 065 000	4 032 000	2 330 000	3 197 000
Total Current Assets	5 519 000	4 616 000	3 741 000	3 496 000
Total Assets	9 670 000	9 614 000	9 299 000	8 635 000
Total Equity	8 295 000	7 106 000	7 103 000	6 630 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	864 000	1 673 000	1 464 000	1 599 000
Creditors	−238 000	435 000	13 000	61 000
Unpaid Taxes	418 000	108 000	272 000	92 000
Dividends	0	0	0	0
Other Current Debt	99 000	273 000	386 000	191 000
Total Current Debt	511 000	835 000	732 000	406 000
Total Equity and Debt	9 670 000	9 614 000	9 299 000	8 635 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,33 %	0,03 %	6,66 %	8,88 %
Debt-to-Equity Ratio	0,1	0,24	0,21	0,24
Operating Profit Margin	31,28 %	0,52 %	24,79 %	21,07 %
Current Ratio	10,8	5,53	5,11	8,61
Quick Ratio	10,8	5,53	5,11	8,61
Equity Ratio	0,86	0,74	0,76	0,77
Gross Profit Margin	88,3 %	82,37 %	98,32 %	81,22 %