ØSTBY GULV & MALERSERVICE AS

2850 LENA

Finances

Share Ownership

Return on Equity

53,77 %

Current Ratio

1,76

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 535 000	2 103 000	1 567 000	1 121 000
Net Income	307 000	149 000	164 000	30 000
Total Assets	1 587 000	1 066 000	701 000	456 000
Total Equity	571 000	264 000	230 000	66 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 535 000	2 103 000	1 567 000	1 121 000
Expenditure	3 121 000	1 901 000	1 348 000	1 071 000
Operating Profit	414 000	201 000	220 000	51 000
Financial Income	0	0	0	0
Financial Costs	20 000	10 000	9 000	12 000
Financial Balance	−20 000	−10 000	−9 000	−12 000
Earnings Before Tax	394 000	191 000	211 000	38 000
Tax	87 000	42 000	46 000	8 000
Net Income	307 000	149 000	164 000	30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	358 000	424 000	180 000	184 000
Total Current Assets	1 229 000	643 000	521 000	272 000
Total Assets	1 587 000	1 066 000	701 000	456 000
Total Retained Equity	541 000	234 000	200 000	36 000
Total Equity	571 000	264 000	230 000	66 000
Total Long-Term Debt	316 000	387 000	136 000	168 000
Total Current Debt	700 000	416 000	335 000	222 000
Total Equity and Debt	1 587 000	1 066 000	701 000	456 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 535 000	2 103 000	1 567 000	1 069 000
Other Income	0	0	0	52 000
Revenue	3 535 000	2 103 000	1 567 000	1 121 000
Cost of Goods Sold	1 008 000	621 000	367 000	271 000
Salary Costs	1 529 000	942 000	695 000	602 000
Depreciation	128 000	76 000	48 000	23 000
Impairment	0	0	0	0
Expenditure	3 121 000	1 901 000	1 348 000	1 071 000
Operating Profit	414 000	201 000	220 000	51 000
Financial Income	0	0	0	0
Financial Costs	20 000	10 000	9 000	12 000
Financial Balance	−20 000	−10 000	−9 000	−12 000
Dividends	0	115 000	0	0
Net Income	307 000	149 000	164 000	30 000

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	75 000	39 000	53 000	16 000
Fixtures	283 000	385 000	127 000	168 000
Total Tangible Assets	358 000	424 000	180 000	184 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	358 000	424 000	180 000	184 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	684 000	84 000	193 000	108 000
Total Current Assets	1 229 000	643 000	521 000	272 000
Total Assets	1 587 000	1 066 000	701 000	456 000
Total Equity	571 000	264 000	230 000	66 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	316 000	387 000	136 000	168 000
Creditors	72 000	82 000	80 000	87 000
Unpaid Taxes	395 000	96 000	125 000	77 000
Dividends	0	115 000	0	0
Other Current Debt	139 000	86 000	85 000	56 000
Total Current Debt	700 000	416 000	335 000	222 000
Total Equity and Debt	1 587 000	1 066 000	701 000	456 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,77 %	56,44 %	71,3 %	45,45 %
Debt-to-Equity Ratio	0,55	1,47	0,59	2,55
Operating Profit Margin	11,71 %	9,56 %	14,04 %	4,55 %
Current Ratio	1,76	1,55	1,56	1,23
Quick Ratio	1,76	1,55	1,56	1,23
Equity Ratio	0,36	0,25	0,33	0,14
Gross Profit Margin	71,49 %	70,47 %	76,58 %	75,83 %