OLSENHÅGEN AS

8640 HEMNESBERGET

Finances

Share Ownership

Return on Equity

136,73 %

Current Ratio

0,1

Debt-to-Equity Ratio

−7,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	182 000	138 000	150 000	111 000
Net Income	−201 000	−95 000	−97 000	−55 000
Total Assets	1 341 000	1 394 000	1 445 000	1 542 000
Total Equity	−147 000	54 000	149 000	245 000

Income (NOK)	2022	2021	2020	2019
Revenue	182 000	138 000	150 000	111 000
Expenditure	306 000	165 000	166 000	127 000
Operating Profit	−124 000	−27 000	−16 000	−16 000
Financial Income	0	0	0	0
Financial Costs	76 000	68 000	65 000	54 000
Financial Balance	−76 000	−68 000	−65 000	−54 000
Earnings Before Tax	−201 000	−95 000	−81 000	−70 000
Tax	0	0	15 000	−15 000
Net Income	−201 000	−95 000	−97 000	−55 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 307 000	1 368 000	1 430 000	1 507 000
Total Current Assets	34 000	25 000	15 000	35 000
Total Assets	1 341 000	1 394 000	1 445 000	1 542 000
Total Retained Equity	−447 000	−246 000	−151 000	−55 000
Total Equity	−147 000	54 000	149 000	245 000
Total Long-Term Debt	1 153 000	1 208 000	1 208 000	1 173 000
Total Current Debt	334 000	132 000	88 000	123 000
Total Equity and Debt	1 341 000	1 394 000	1 445 000	1 542 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 000	101 000	53 000	0
Other Income	155 000	37 000	97 000	111 000
Revenue	182 000	138 000	150 000	111 000
Cost of Goods Sold	21 000	8 000	5 000	0
Salary Costs	0	0	6 000	0
Depreciation	62 000	62 000	62 000	51 000
Impairment	0	0	0	0
Expenditure	306 000	165 000	166 000	127 000
Operating Profit	−124 000	−27 000	−16 000	−16 000
Financial Income	0	0	0	0
Financial Costs	76 000	68 000	65 000	54 000
Financial Balance	−76 000	−68 000	−65 000	−54 000
Dividends	0	0	0	0
Net Income	−201 000	−95 000	−97 000	−55 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	15 000
Real Eastate	1 307 000	1 368 000	1 430 000	1 492 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 307 000	1 368 000	1 430 000	1 492 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 307 000	1 368 000	1 430 000	1 507 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	16 000	11 000	0	7 000
Total Current Assets	34 000	25 000	15 000	35 000
Total Assets	1 341 000	1 394 000	1 445 000	1 542 000
Total Equity	−147 000	54 000	149 000	245 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 153 000	1 208 000	1 208 000	1 173 000
Creditors	130 000	74 000	28 000	30 000
Unpaid Taxes	−3 000	−5 000	0	0
Dividends	0	0	0	0
Other Current Debt	207 000	62 000	60 000	93 000
Total Current Debt	334 000	132 000	88 000	123 000
Total Equity and Debt	1 341 000	1 394 000	1 445 000	1 542 000

Financial indicators	2022	2021	2020	2019
Return on Equity	136,73 %	−175,93 %	−65,1 %	−22,45 %
Debt-to-Equity Ratio	−7,84	22,37	8,11	4,79
Operating Profit Margin	−68,13 %	−19,57 %	−10,67 %	−14,41 %
Current Ratio	0,1	0,19	0,17	0,28
Quick Ratio	0,1	0,19	0,17	0,28
Equity Ratio	−0,11	0,04	0,1	0,16
Gross Profit Margin	88,46 %	94,2 %	96,67 %	100 %