ØVSTETUN RØRSERVICE AS

6884 ØVRE ÅRDAL

Finances

Share Ownership

Return on Equity

−3,41 %

Current Ratio

201,83

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 474 000	7 340 000	7 076 000	3 972 000
Net Income	−34 000	378 000	1 088 000	575 000
Total Assets	1 211 000	2 323 000	2 673 000	1 362 000
Total Equity	997 000	1 031 000	653 000	165 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 474 000	7 340 000	7 076 000	3 972 000
Expenditure	1 499 000	6 842 000	5 664 000	3 214 000
Operating Profit	−25 000	499 000	1 412 000	758 000
Financial Income	4 000	0	0	0
Financial Costs	15 000	15 000	17 000	21 000
Financial Balance	−11 000	−15 000	−17 000	−21 000
Earnings Before Tax	−37 000	484 000	1 395 000	737 000
Tax	−3 000	106 000	307 000	162 000
Net Income	−34 000	378 000	1 088 000	575 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	250 000	312 000	93 000
Total Current Assets	1 211 000	2 073 000	2 360 000	1 269 000
Total Assets	1 211 000	2 323 000	2 673 000	1 362 000
Total Retained Equity	967 000	1 001 000	623 000	135 000
Total Equity	997 000	1 031 000	653 000	165 000
Total Long-Term Debt	208 000	280 000	358 000	189 000
Total Current Debt	6 000	1 012 000	1 662 000	1 008 000
Total Equity and Debt	1 211 000	2 323 000	2 673 000	1 362 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 473 000	7 323 000	7 076 000	3 972 000
Other Income	0	18 000	0	0
Revenue	1 474 000	7 340 000	7 076 000	3 972 000
Cost of Goods Sold	540 000	4 499 000	3 841 000	2 192 000
Salary Costs	396 000	1 382 000	1 138 000	546 000
Depreciation	95 000	114 000	43 000	3 000
Impairment	0	0	0	0
Expenditure	1 499 000	6 842 000	5 664 000	3 214 000
Operating Profit	−25 000	499 000	1 412 000	758 000
Financial Income	4 000	0	0	0
Financial Costs	15 000	15 000	17 000	21 000
Financial Balance	−11 000	−15 000	−17 000	−21 000
Dividends	0	0	600 000	0
Net Income	−34 000	378 000	1 088 000	575 000

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	250 000	312 000	93 000
Total Tangible Assets	0	250 000	312 000	93 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	250 000	312 000	93 000
Stock	0	100 000	40 000	38 000
Total Investments	0	0	0	0
Cash, Bank	1 198 000	1 140 000	1 532 000	875 000
Total Current Assets	1 211 000	2 073 000	2 360 000	1 269 000
Total Assets	1 211 000	2 323 000	2 673 000	1 362 000
Total Equity	997 000	1 031 000	653 000	165 000
Short-Term Group Debt	0	0	600 000	0
Total Long-Term Debt	208 000	280 000	358 000	189 000
Creditors	5 000	267 000	234 000	177 000
Unpaid Taxes	0	480 000	424 000	181 000
Dividends	0	0	600 000	0
Other Current Debt	1 000	148 000	107 000	52 000
Total Current Debt	6 000	1 012 000	1 662 000	1 008 000
Total Equity and Debt	1 211 000	2 323 000	2 673 000	1 362 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,41 %	36,66 %	166,62 %	348,48 %
Debt-to-Equity Ratio	0,21	0,27	0,55	1,15
Operating Profit Margin	−1,7 %	6,8 %	19,95 %	19,08 %
Current Ratio	201,83	2,05	1,42	1,26
Quick Ratio	201,83	2,27	1,45	1,31
Equity Ratio	0,82	0,44	0,24	0,12
Gross Profit Margin	63,36 %	38,71 %	45,72 %	44,81 %