OLYMPIC ENERGY AS

6090 FOSNAVÅG

Finances

Return on Equity

345,69 %

Current Ratio

1,6

Debt-to-Equity Ratio

0,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	76 894 000	0	1 780 000	3 501 000
Net Income	52 413 000	−3 795 000	−7 069 000	−9 687 000
Total Assets	64 366 000	7 056 000	8 829 000	17 173 000
Total Equity	15 162 000	2 749 000	6 543 000	13 613 000

Income (NOK)	2022	2021	2020	2019
Revenue	76 894 000	0	1 780 000	3 501 000
Expenditure	17 954 000	3 771 000	9 119 000	13 024 000
Operating Profit	58 940 000	−3 771 000	−7 339 000	−9 522 000
Financial Income	4 727 000	−6 000	640 000	70 000
Financial Costs	2 257 000	18 000	370 000	235 000
Financial Balance	2 470 000	−24 000	270 000	−165 000
Earnings Before Tax	61 410 000	−3 795 000	−7 069 000	−9 687 000
Tax	8 997 000	0	0	0
Net Income	52 413 000	−3 795 000	−7 069 000	−9 687 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	6 012 000	7 773 000	9 536 000
Total Current Assets	64 366 000	1 044 000	1 056 000	7 638 000
Total Assets	64 366 000	7 056 000	8 829 000	17 173 000
Total Retained Equity	12 413 000	0	0	0
Total Equity	15 162 000	2 749 000	6 543 000	13 613 000
Total Long-Term Debt	8 997 000	4 000 000	1 530 000	0
Total Current Debt	40 207 000	307 000	756 000	3 561 000
Total Equity and Debt	64 366 000	7 056 000	8 829 000	17 173 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 489 000	0	1 780 000	3 501 000
Other Income	64 405 000	0	0	0
Revenue	76 894 000	0	1 780 000	3 501 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 029 000	−3 000	4 307 000	7 542 000
Depreciation	1 469 000	1 761 000	1 763 000	906 000
Impairment	0	0	0	0
Expenditure	17 954 000	3 771 000	9 119 000	13 024 000
Operating Profit	58 940 000	−3 771 000	−7 339 000	−9 522 000
Financial Income	4 727 000	−6 000	640 000	70 000
Financial Costs	2 257 000	18 000	370 000	235 000
Financial Balance	2 470 000	−24 000	270 000	−165 000
Dividends	40 000 000	0	0	0
Net Income	52 413 000	−3 795 000	−7 069 000	−9 687 000

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	0	0	0
Total Tangible Assets	0	6 012 000	7 773 000	9 536 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	6 012 000	7 773 000	9 536 000
Stock	0	841 000	841 000	1 265 000
Total Investments	0	0	0	0
Cash, Bank	61 537 000	60 000	36 000	4 714 000
Total Current Assets	64 366 000	1 044 000	1 056 000	7 638 000
Total Assets	64 366 000	7 056 000	8 829 000	17 173 000
Total Equity	15 162 000	2 749 000	6 543 000	13 613 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 997 000	4 000 000	1 530 000	0
Creditors	207 000	225 000	688 000	3 292 000
Unpaid Taxes	0	0	0	0
Dividends	40 000 000	0	0	0
Other Current Debt	0	83 000	68 000	269 000
Total Current Debt	40 207 000	307 000	756 000	3 561 000
Total Equity and Debt	64 366 000	7 056 000	8 829 000	17 173 000

Financial indicators	2022	2021	2020	2019
Return on Equity	345,69 %	−138,05 %	−108,04 %	−71,16 %
Debt-to-Equity Ratio	0,59	1,46	0,23	0
Operating Profit Margin	76,65 %	-	−412,3 %	−271,98 %
Current Ratio	1,6	3,4	1,4	2,14
Quick Ratio	1,6	−1,96	−12,42	3,33
Equity Ratio	0,24	0,39	0,74	0,79
Gross Profit Margin	100 %	-	100 %	100 %