ERLING OLSTAD AS

7043 TRONDHEIM

Finances

Share Ownership

Return on Equity

17,91 %

Current Ratio

1,51

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	2 629 000	1 754 000	1 833 000
Net Income	84 000	−32 000	392 000
Total Assets	1 204 000	1 379 000	1 052 000
Total Equity	469 000	384 000	417 000

Income (NOK)	2022	2021	2020
Revenue	2 629 000	1 754 000	1 833 000
Expenditure	2 551 000	1 793 000	1 331 000
Operating Profit	78 000	−39 000	502 000
Financial Income	28 000	9 000	0
Financial Costs	5 000	3 000	0
Financial Balance	23 000	6 000	0
Earnings Before Tax	101 000	−32 000	502 000
Tax	17 000	0	109 000
Net Income	84 000	−32 000	392 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	97 000	11 000	11 000
Total Current Assets	1 107 000	1 367 000	1 040 000
Total Assets	1 204 000	1 379 000	1 052 000
Total Retained Equity	444 000	360 000	392 000
Total Equity	469 000	384 000	417 000
Total Long-Term Debt	2 000	0	0
Total Current Debt	733 000	994 000	635 000
Total Equity and Debt	1 204 000	1 379 000	1 052 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 629 000	1 754 000	1 833 000
Other Income	0	0	0
Revenue	2 629 000	1 754 000	1 833 000
Cost of Goods Sold	1 052 000	607 000	1 149 000
Salary Costs	1 057 000	963 000	131 000
Depreciation	15 000	0	0
Impairment	0	0	0
Expenditure	2 551 000	1 793 000	1 331 000
Operating Profit	78 000	−39 000	502 000
Financial Income	28 000	9 000	0
Financial Costs	5 000	3 000	0
Financial Balance	23 000	6 000	0
Dividends	0	0	0
Net Income	84 000	−32 000	392 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	86 000	0	0
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	11 000	11 000	11 000
Total Fixed Assets	97 000	11 000	11 000
Stock	0	210 000	0
Total Investments	0	0	0
Cash, Bank	570 000	946 000	1 040 000
Total Current Assets	1 107 000	1 367 000	1 040 000
Total Assets	1 204 000	1 379 000	1 052 000
Total Equity	469 000	384 000	417 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 000	0	0
Creditors	316 000	783 000	9 000
Unpaid Taxes	126 000	81 000	486 000
Dividends	0	0	0
Other Current Debt	276 000	130 000	31 000
Total Current Debt	733 000	994 000	635 000
Total Equity and Debt	1 204 000	1 379 000	1 052 000

Financial indicators	2022	2021	2020
Return on Equity	17,91 %	−8,33 %	94 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	2,97 %	−2,22 %	27,39 %
Current Ratio	1,51	1,38	1,64
Quick Ratio	1,51	1,74	1,64
Equity Ratio	0,39	0,28	0,4
Gross Profit Margin	59,98 %	65,39 %	37,32 %