OLSENS SERVICE AS

4307 SANDNES

Finances

Share Ownership

Return on Equity

39,89 %

Current Ratio

1,26

Debt-to-Equity Ratio

2,68

Key figures (NOK)	2022	2021	2020
Revenue	4 480 000	3 329 000	774 000
Net Income	71 000	90 000	−6 000
Total Assets	1 450 000	969 000	510 000
Total Equity	178 000	107 000	17 000

Income (NOK)	2022	2021	2020
Revenue	4 480 000	3 329 000	774 000
Expenditure	4 366 000	3 201 000	775 000
Operating Profit	120 000	128 000	−1 000
Financial Income	1 000	0	0
Financial Costs	30 000	13 000	8 000
Financial Balance	−29 000	−13 000	−8 000
Earnings Before Tax	91 000	115 000	−10 000
Tax	20 000	25 000	−3 000
Net Income	71 000	90 000	−6 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	448 000	473 000	185 000
Total Current Assets	1 002 000	496 000	325 000
Total Assets	1 450 000	969 000	510 000
Total Retained Equity	155 000	84 000	−6 000
Total Equity	178 000	107 000	17 000
Total Long-Term Debt	477 000	466 000	203 000
Total Current Debt	795 000	396 000	290 000
Total Equity and Debt	1 450 000	969 000	510 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 480 000	3 329 000	774 000
Other Income	0	0	0
Revenue	4 480 000	3 329 000	774 000
Cost of Goods Sold	134 000	16 000	36 000
Salary Costs	2 236 000	1 706 000	233 000
Depreciation	119 000	53 000	28 000
Impairment	0	0	0
Expenditure	4 366 000	3 201 000	775 000
Operating Profit	120 000	128 000	−1 000
Financial Income	1 000	0	0
Financial Costs	30 000	13 000	8 000
Financial Balance	−29 000	−13 000	−8 000
Dividends	0	0	0
Net Income	71 000	90 000	−6 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	3 000
Real Eastate	0	0	0
Machinery and Plant Facilities	448 000	0	182 000
Fixtures	0	473 000	0
Total Tangible Assets	448 000	473 000	182 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	448 000	473 000	185 000
Stock	36 000	30 000	41 000
Total Investments	0	0	0
Cash, Bank	683 000	205 000	133 000
Total Current Assets	1 002 000	496 000	325 000
Total Assets	1 450 000	969 000	510 000
Total Equity	178 000	107 000	17 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	477 000	466 000	203 000
Creditors	131 000	101 000	92 000
Unpaid Taxes	132 000	149 000	34 000
Dividends	0	0	0
Other Current Debt	510 000	418 000	164 000
Total Current Debt	795 000	396 000	290 000
Total Equity and Debt	1 450 000	969 000	510 000

Financial indicators	2022	2021	2020
Return on Equity	39,89 %	84,11 %	−35,29 %
Debt-to-Equity Ratio	2,68	4,36	11,94
Operating Profit Margin	2,68 %	3,84 %	−0,13 %
Current Ratio	1,26	1,25	1,12
Quick Ratio	1,32	1,36	1,31
Equity Ratio	0,12	0,11	0,03
Gross Profit Margin	97,01 %	99,52 %	95,35 %