OLAV MAGNE GORSETH AS

7043 TRONDHEIM

Finances

Share Ownership

Return on Equity

1,77 %

Current Ratio

2,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 290 000	1 031 000	1 136 000	2 390 000
Net Income	12 000	67 000	67 000	68 000
Total Assets	1 021 000	989 000	925 000	1 144 000
Total Equity	678 000	666 000	599 000	533 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 290 000	1 031 000	1 136 000	2 390 000
Expenditure	1 275 000	945 000	1 118 000	2 237 000
Operating Profit	16 000	86 000	19 000	153 000
Financial Income	0	0	0	1 000
Financial Costs	0	1 000	0	0
Financial Balance	0	−1 000	0	1 000
Earnings Before Tax	16 000	86 000	19 000	154 000
Tax	3 000	19 000	−48 000	86 000
Net Income	12 000	67 000	67 000	68 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	80 000	0	4 000	11 000
Total Current Assets	941 000	989 000	922 000	1 133 000
Total Assets	1 021 000	989 000	925 000	1 144 000
Total Retained Equity	648 000	636 000	569 000	503 000
Total Equity	678 000	666 000	599 000	533 000
Total Long-Term Debt	0	0	1 000	0
Total Current Debt	343 000	324 000	326 000	611 000
Total Equity and Debt	1 021 000	989 000	925 000	1 144 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 290 000	1 031 000	1 136 000	2 390 000
Other Income	0	0	0	0
Revenue	1 290 000	1 031 000	1 136 000	2 390 000
Cost of Goods Sold	186 000	23 000	175 000	453 000
Salary Costs	947 000	842 000	835 000	1 668 000
Depreciation	0	4 000	7 000	7 000
Impairment	0	0	0	0
Expenditure	1 275 000	945 000	1 118 000	2 237 000
Operating Profit	16 000	86 000	19 000	153 000
Financial Income	0	0	0	1 000
Financial Costs	0	1 000	0	0
Financial Balance	0	−1 000	0	1 000
Dividends	0	0	0	0
Net Income	12 000	67 000	67 000	68 000

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	4 000	11 000
Total Tangible Assets	0	0	4 000	11 000
Total Fiancial Fixed Assets	80 000	0	0	0
Total Fixed Assets	80 000	0	4 000	11 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	470 000	752 000	917 000	944 000
Total Current Assets	941 000	989 000	922 000	1 133 000
Total Assets	1 021 000	989 000	925 000	1 144 000
Total Equity	678 000	666 000	599 000	533 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	0
Creditors	9 000	4 000	13 000	3 000
Unpaid Taxes	164 000	214 000	220 000	376 000
Dividends	0	0	0	0
Other Current Debt	167 000	86 000	90 000	145 000
Total Current Debt	343 000	324 000	326 000	611 000
Total Equity and Debt	1 021 000	989 000	925 000	1 144 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,77 %	10,06 %	11,19 %	12,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,24 %	8,34 %	1,67 %	6,4 %
Current Ratio	2,74	3,05	2,83	1,85
Quick Ratio	2,74	3,05	2,83	1,85
Equity Ratio	0,66	0,67	0,65	0,47
Gross Profit Margin	85,58 %	97,77 %	84,6 %	81,05 %