ØSTERENG EIENDOMSUTVIKLING AS

4847 ARENDAL

Finances

Share Ownership

Return on Equity

−56 %

Current Ratio

2,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 189 000	610 000	0	0
Net Income	−453 000	−697 000	−63 000	−79 000
Total Assets	1 034 000	9 639 000	11 410 000	2 960 000
Total Equity	809 000	1 261 000	1 958 000	2 021 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 189 000	610 000	0	0
Expenditure	1 769 000	1 333 000	80 000	101 000
Operating Profit	−580 000	−723 000	−80 000	−101 000
Financial Income	0	40 000	0	0
Financial Costs	0	210 000	1 000	0
Financial Balance	0	−170 000	−1 000	0
Earnings Before Tax	−580 000	−893 000	−80 000	−102 000
Tax	−128 000	−197 000	−18 000	−22 000
Net Income	−453 000	−697 000	−63 000	−79 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	448 000	9 369 000	11 136 000	2 958 000
Total Current Assets	587 000	270 000	274 000	2 000
Total Assets	1 034 000	9 639 000	11 410 000	2 960 000
Total Retained Equity	−1 291 000	−839 000	−142 000	−79 000
Total Equity	809 000	1 261 000	1 958 000	2 021 000
Total Long-Term Debt	0	6 413 000	7 990 000	0
Total Current Debt	226 000	1 965 000	1 462 000	939 000
Total Equity and Debt	1 034 000	9 639 000	11 410 000	2 960 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 189 000	531 000	0	0
Other Income	0	78 000	0	0
Revenue	1 189 000	610 000	0	0
Cost of Goods Sold	432 000	369 000	0	0
Salary Costs	702 000	664 000	0	0
Depreciation	28 000	22 000	0	0
Impairment	0	0	0	0
Expenditure	1 769 000	1 333 000	80 000	101 000
Operating Profit	−580 000	−723 000	−80 000	−101 000
Financial Income	0	40 000	0	0
Financial Costs	0	210 000	1 000	0
Financial Balance	0	−170 000	−1 000	0
Dividends	0	0	0	0
Net Income	−453 000	−697 000	−63 000	−79 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	364 000	237 000	40 000	22 000
Real Eastate	0	9 021 000	11 072 000	2 936 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	83 000	111 000	24 000	0
Total Tangible Assets	83 000	9 132 000	11 096 000	2 936 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	448 000	9 369 000	11 136 000	2 958 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	432 000	97 000	270 000	2 000
Total Current Assets	587 000	270 000	274 000	2 000
Total Assets	1 034 000	9 639 000	11 410 000	2 960 000
Total Equity	809 000	1 261 000	1 958 000	2 021 000
Short-Term Group Debt	0	0	0	646 000
Total Long-Term Debt	0	6 413 000	7 990 000	0
Creditors	65 000	1 829 000	1 462 000	288 000
Unpaid Taxes	90 000	64 000	0	0
Dividends	0	0	0	0
Other Current Debt	70 000	71 000	0	4 000
Total Current Debt	226 000	1 965 000	1 462 000	939 000
Total Equity and Debt	1 034 000	9 639 000	11 410 000	2 960 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−56 %	−55,27 %	−3,22 %	−3,91 %
Debt-to-Equity Ratio	0	5,09	4,08	0
Operating Profit Margin	−48,78 %	−118,52 %	-	-
Current Ratio	2,6	0,14	0,19	0
Quick Ratio	2,6	0,14	0,19	0
Equity Ratio	0,78	0,13	0,17	0,68
Gross Profit Margin	63,67 %	39,51 %	-	-