OLSEN & SØNN VARMEPUMPESERVICE AS

1743 KLAVESTADHAUGEN

Finances

Share Ownership

Return on Equity

15,79 %

Current Ratio

0,99

Debt-to-Equity Ratio

1,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 639 000	3 038 000	1 252 000	52 000
Net Income	3 000	−14 000	8 000	−1 000
Total Assets	496 000	577 000	235 000	22 000
Total Equity	19 000	16 000	31 000	23 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 639 000	3 038 000	1 252 000	52 000
Expenditure	2 632 000	3 052 000	1 243 000	53 000
Operating Profit	7 000	−14 000	10 000	−1 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Earnings Before Tax	5 000	−14 000	10 000	−1 000
Tax	2 000	0	2 000	0
Net Income	3 000	−14 000	8 000	−1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	49 000	43 000	50 000	0
Total Current Assets	447 000	534 000	184 000	22 000
Total Assets	496 000	577 000	235 000	22 000
Total Retained Equity	−11 000	−8 000	6 000	−1 000
Total Equity	19 000	16 000	31 000	23 000
Total Long-Term Debt	24 000	24 000	24 000	0
Total Current Debt	453 000	537 000	180 000	−1 000
Total Equity and Debt	496 000	577 000	235 000	22 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 639 000	3 037 000	1 252 000	52 000
Other Income	0	0	0	0
Revenue	2 639 000	3 038 000	1 252 000	52 000
Cost of Goods Sold	1 677 000	1 698 000	737 000	0
Salary Costs	656 000	1 040 000	353 000	0
Depreciation	14 000	7 000	4 000	0
Impairment	0	0	0	0
Expenditure	2 632 000	3 052 000	1 243 000	53 000
Operating Profit	7 000	−14 000	10 000	−1 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Dividends	0	0	0	0
Net Income	3 000	−14 000	8 000	−1 000

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	31 000	25 000	32 000	0
Total Tangible Assets	31 000	25 000	32 000	0
Total Fiancial Fixed Assets	18 000	18 000	18 000	0
Total Fixed Assets	49 000	43 000	50 000	0
Stock	189 000	449 000	0	0
Total Investments	0	0	0	0
Cash, Bank	86 000	61 000	179 000	21 000
Total Current Assets	447 000	534 000	184 000	22 000
Total Assets	496 000	577 000	235 000	22 000
Total Equity	19 000	16 000	31 000	23 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	24 000	24 000	24 000	0
Creditors	205 000	435 000	96 000	11 000
Unpaid Taxes	102 000	29 000	66 000	0
Dividends	0	0	0	0
Other Current Debt	141 000	71 000	15 000	−12 000
Total Current Debt	453 000	537 000	180 000	−1 000
Total Equity and Debt	496 000	577 000	235 000	22 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,79 %	−87,5 %	25,81 %	−4,35 %
Debt-to-Equity Ratio	1,26	1,5	0,77	0
Operating Profit Margin	0,27 %	−0,46 %	0,8 %	−1,92 %
Current Ratio	0,99	0,99	1,02	−22
Quick Ratio	1,69	6,07	1,02	−22
Equity Ratio	0,04	0,03	0,13	1,05
Gross Profit Margin	36,45 %	44,11 %	41,13 %	100 %