ØSTRENG VARETRANSPORT AS

1960 LØKEN

Finances

Share Ownership

Return on Equity

61,31 %

Current Ratio

1,55

Debt-to-Equity Ratio

1,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 239 000	17 533 000	5 118 000	4 277 000
Net Income	1 822 000	1 499 000	620 000	−212 000
Total Assets	11 085 000	10 700 000	4 256 000	523 000
Total Equity	2 972 000	1 384 000	431 000	−189 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 239 000	17 533 000	5 118 000	4 277 000
Expenditure	23 688 000	15 460 000	4 322 000	4 475 000
Operating Profit	2 552 000	2 072 000	795 000	−198 000
Financial Income	2 000	1 000	1 000	0
Financial Costs	217 000	150 000	62 000	14 000
Financial Balance	−215 000	−149 000	−61 000	−14 000
Earnings Before Tax	2 337 000	1 923 000	733 000	−212 000
Tax	515 000	424 000	113 000	0
Net Income	1 822 000	1 499 000	620 000	−212 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 426 000	4 612 000	2 325 000	0
Total Current Assets	7 659 000	6 088 000	1 931 000	523 000
Total Assets	11 085 000	10 700 000	4 256 000	523 000
Total Retained Equity	2 950 000	1 362 000	408 000	−212 000
Total Equity	2 972 000	1 384 000	431 000	−189 000
Total Long-Term Debt	3 157 000	4 660 000	2 464 000	0
Total Current Debt	4 956 000	4 655 000	1 361 000	713 000
Total Equity and Debt	11 085 000	10 700 000	4 256 000	523 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 063 000	17 448 000	5 118 000	4 277 000
Other Income	177 000	85 000	0	0
Revenue	26 239 000	17 533 000	5 118 000	4 277 000
Cost of Goods Sold	45 000	1 297 000	101 000	0
Salary Costs	8 763 000	5 873 000	2 157 000	2 585 000
Depreciation	1 098 000	709 000	191 000	0
Impairment	0	0	0	0
Expenditure	23 688 000	15 460 000	4 322 000	4 475 000
Operating Profit	2 552 000	2 072 000	795 000	−198 000
Financial Income	2 000	1 000	1 000	0
Financial Costs	217 000	150 000	62 000	14 000
Financial Balance	−215 000	−149 000	−61 000	−14 000
Dividends	0	0	0	0
Net Income	1 822 000	1 499 000	620 000	−212 000

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	3 426 000	4 612 000	2 325 000	0
Total Tangible Assets	3 426 000	4 612 000	2 325 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 426 000	4 612 000	2 325 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 194 000	1 986 000	778 000	58 000
Total Current Assets	7 659 000	6 088 000	1 931 000	523 000
Total Assets	11 085 000	10 700 000	4 256 000	523 000
Total Equity	2 972 000	1 384 000	431 000	−189 000
Short-Term Group Debt	1 269 000	700 000	0	0
Total Long-Term Debt	3 157 000	4 660 000	2 464 000	0
Creditors	808 000	589 000	526 000	162 000
Unpaid Taxes	1 111 000	1 168 000	431 000	162 000
Dividends	0	0	0	0
Other Current Debt	1 293 000	2 042 000	387 000	304 000
Total Current Debt	4 956 000	4 655 000	1 361 000	713 000
Total Equity and Debt	11 085 000	10 700 000	4 256 000	523 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,31 %	108,31 %	143,85 %	112,17 %
Debt-to-Equity Ratio	1,06	3,37	5,72	−0
Operating Profit Margin	9,73 %	11,82 %	15,53 %	−4,63 %
Current Ratio	1,55	1,31	1,42	0,73
Quick Ratio	1,55	1,31	1,42	0,73
Equity Ratio	0,27	0,13	0,1	−0,36
Gross Profit Margin	99,83 %	92,6 %	98,03 %	100 %