OLDEN VARME AS

5563 FØRRESFJORDEN

Finances

Share Ownership

Return on Equity

−709,52 %

Current Ratio

1,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 214 000	1 498 000	1 258 000	597 000
Net Income	−149 000	146 000	87 000	−83 000
Total Assets	175 000	350 000	214 000	121 000
Total Equity	21 000	170 000	25 000	−63 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 214 000	1 498 000	1 258 000	597 000
Expenditure	1 363 000	1 313 000	1 170 000	677 000
Operating Profit	−149 000	186 000	89 000	−81 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	2 000
Financial Balance	0	0	−1 000	−2 000
Earnings Before Tax	−149 000	186 000	87 000	−83 000
Tax	0	40 000	0	0
Net Income	−149 000	146 000	87 000	−83 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	175 000	350 000	214 000	121 000
Total Assets	175 000	350 000	214 000	121 000
Total Retained Equity	1 000	150 000	5 000	−83 000
Total Equity	21 000	170 000	25 000	−63 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	153 000	179 000	189 000	183 000
Total Equity and Debt	175 000	350 000	214 000	121 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 214 000	1 498 000	1 258 000	597 000
Other Income	0	0	0	0
Revenue	1 214 000	1 498 000	1 258 000	597 000
Cost of Goods Sold	610 000	722 000	637 000	277 000
Salary Costs	551 000	389 000	357 000	313 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 363 000	1 313 000	1 170 000	677 000
Operating Profit	−149 000	186 000	89 000	−81 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	2 000
Financial Balance	0	0	−1 000	−2 000
Dividends	0	0	0	0
Net Income	−149 000	146 000	87 000	−83 000

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	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	14 000	79 000	11 000	10 000
Total Investments	0	0	0	0
Cash, Bank	64 000	167 000	99 000	37 000
Total Current Assets	175 000	350 000	214 000	121 000
Total Assets	175 000	350 000	214 000	121 000
Total Equity	21 000	170 000	25 000	−63 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	61 000	70 000	80 000	95 000
Unpaid Taxes	41 000	41 000	55 000	63 000
Dividends	0	0	0	0
Other Current Debt	51 000	29 000	54 000	25 000
Total Current Debt	153 000	179 000	189 000	183 000
Total Equity and Debt	175 000	350 000	214 000	121 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−709,52 %	85,88 %	348 %	131,75 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	−12,27 %	12,42 %	7,07 %	−13,57 %
Current Ratio	1,14	1,96	1,13	0,66
Quick Ratio	1,26	3,5	1,2	0,7
Equity Ratio	0,12	0,49	0,12	−0,52
Gross Profit Margin	49,75 %	51,8 %	49,36 %	53,6 %