ØSTFOLD OLJEFYRINGSSERVICE AS

1628 ENGELSVIKEN

Finances

Return on Equity

−5,13 %

Current Ratio

2,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 648 000	4 209 000	4 355 000	5 510 000
Net Income	−81 000	376 000	555 000	826 000
Total Assets	2 707 000	2 647 000	2 523 000	2 960 000
Total Equity	1 578 000	1 659 000	1 484 000	1 329 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 648 000	4 209 000	4 355 000	5 510 000
Expenditure	3 724 000	3 762 000	3 659 000	4 461 000
Operating Profit	−75 000	447 000	695 000	1 048 000
Financial Income	10 000	20 000	7 000	12 000
Financial Costs	7 000	0	1 000	1 000
Financial Balance	3 000	20 000	6 000	11 000
Earnings Before Tax	−72 000	466 000	701 000	1 059 000
Tax	10 000	90 000	146 000	233 000
Net Income	−81 000	376 000	555 000	826 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	422 000	541 000	55 000	8 000
Total Current Assets	2 285 000	2 106 000	2 468 000	2 952 000
Total Assets	2 707 000	2 647 000	2 523 000	2 960 000
Total Retained Equity	1 478 000	1 559 000	1 384 000	1 229 000
Total Equity	1 578 000	1 659 000	1 484 000	1 329 000
Total Long-Term Debt	0	5 000	0	0
Total Current Debt	1 129 000	982 000	1 039 000	1 631 000
Total Equity and Debt	2 707 000	2 647 000	2 523 000	2 960 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 647 000	4 189 000	4 329 000	5 510 000
Other Income	2 000	20 000	25 000	0
Revenue	3 648 000	4 209 000	4 355 000	5 510 000
Cost of Goods Sold	1 624 000	1 768 000	1 867 000	2 763 000
Salary Costs	1 666 000	1 549 000	1 460 000	1 372 000
Depreciation	119 000	108 000	8 000	3 000
Impairment	0	0	0	0
Expenditure	3 724 000	3 762 000	3 659 000	4 461 000
Operating Profit	−75 000	447 000	695 000	1 048 000
Financial Income	10 000	20 000	7 000	12 000
Financial Costs	7 000	0	1 000	1 000
Financial Balance	3 000	20 000	6 000	11 000
Dividends	0	200 000	400 000	400 000
Net Income	−81 000	376 000	555 000	826 000

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	367 000	486 000	0	8 000
Total Tangible Assets	367 000	486 000	0	8 000
Total Fiancial Fixed Assets	55 000	55 000	55 000	0
Total Fixed Assets	422 000	541 000	55 000	8 000
Stock	102 000	68 000	90 000	161 000
Total Investments	616 000	623 000	609 000	610 000
Cash, Bank	615 000	1 005 000	1 537 000	1 200 000
Total Current Assets	2 285 000	2 106 000	2 468 000	2 952 000
Total Assets	2 707 000	2 647 000	2 523 000	2 960 000
Total Equity	1 578 000	1 659 000	1 484 000	1 329 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	5 000	0	0
Creditors	444 000	187 000	56 000	334 000
Unpaid Taxes	291 000	338 000	285 000	542 000
Dividends	0	200 000	400 000	400 000
Other Current Debt	380 000	172 000	152 000	123 000
Total Current Debt	1 129 000	982 000	1 039 000	1 631 000
Total Equity and Debt	2 707 000	2 647 000	2 523 000	2 960 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,13 %	22,66 %	37,4 %	62,15 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,06 %	10,62 %	15,96 %	19,02 %
Current Ratio	2,02	2,14	2,38	1,81
Quick Ratio	2,22	2,3	2,6	2,01
Equity Ratio	0,58	0,63	0,59	0,45
Gross Profit Margin	55,48 %	57,99 %	57,13 %	49,85 %