ODEL OG EIE AS

4007 STAVANGER

Finances

Return on Equity

−226,81 %

Current Ratio

0,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 668 000	1 921 000	6 000
Net Income	−719 000	−1 288 000	−891 000
Total Assets	1 325 000	1 819 000	2 812 000
Total Equity	317 000	1 035 000	2 194 000

Income (NOK)	2022	2021	2020
Revenue	1 668 000	1 921 000	6 000
Expenditure	2 411 000	2 959 000	1 146 000
Operating Profit	−743 000	−1 039 000	−1 139 000
Financial Income	32 000	0	0
Financial Costs	7 000	1 000	0
Financial Balance	25 000	−1 000	0
Earnings Before Tax	−719 000	−1 040 000	−1 139 000
Tax	0	248 000	−248 000
Net Income	−719 000	−1 288 000	−891 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	456 000	611 000	810 000
Total Current Assets	869 000	1 208 000	2 001 000
Total Assets	1 325 000	1 819 000	2 812 000
Total Retained Equity	0	0	0
Total Equity	317 000	1 035 000	2 194 000
Total Long-Term Debt	0	0	0
Total Current Debt	1 009 000	784 000	618 000
Total Equity and Debt	1 325 000	1 819 000	2 812 000

Cash flow (NOK)	2022	2021	2020
Sales Income	510 000	729 000	6 000
Other Income	1 158 000	1 192 000	0
Revenue	1 668 000	1 921 000	6 000
Cost of Goods Sold	358 000	444 000	8 000
Salary Costs	1 216 000	1 174 000	399 000
Depreciation	155 000	135 000	59 000
Impairment	0	0	0
Expenditure	2 411 000	2 959 000	1 146 000
Operating Profit	−743 000	−1 039 000	−1 139 000
Financial Income	32 000	0	0
Financial Costs	7 000	1 000	0
Financial Balance	25 000	−1 000	0
Dividends	0	0	0
Net Income	−719 000	−1 288 000	−891 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	426 000	581 000	810 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	30 000	30 000	0
Total Fixed Assets	456 000	611 000	810 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	701 000	138 000	1 712 000
Total Current Assets	869 000	1 208 000	2 001 000
Total Assets	1 325 000	1 819 000	2 812 000
Total Equity	317 000	1 035 000	2 194 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	161 000	298 000	387 000
Unpaid Taxes	97 000	190 000	66 000
Dividends	0	0	0
Other Current Debt	750 000	296 000	165 000
Total Current Debt	1 009 000	784 000	618 000
Total Equity and Debt	1 325 000	1 819 000	2 812 000

Financial indicators	2022	2021	2020
Return on Equity	−226,81 %	−124,44 %	−40,61 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−44,54 %	−54,09 %	−18 983,33 %
Current Ratio	0,86	1,54	3,24
Quick Ratio	0,86	1,54	3,24
Equity Ratio	0,24	0,57	0,78
Gross Profit Margin	78,54 %	76,89 %	−33,33 %