OLSENG MARINE AS

1747 SKJEBERG

Finances

Share Ownership

Return on Equity

76,09 %

Current Ratio

1,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	4 932 000	421 000	532 000
Net Income	105 000	−98 000	106 000
Total Assets	808 000	57 000	202 000
Total Equity	138 000	33 000	131 000

Income (NOK)	2022	2021	2020
Revenue	4 932 000	421 000	532 000
Expenditure	4 817 000	520 000	398 000
Operating Profit	115 000	−98 000	135 000
Financial Income	0	0	0
Financial Costs	6 000	1 000	0
Financial Balance	−6 000	−1 000	0
Earnings Before Tax	109 000	−99 000	135 000
Tax	4 000	−1 000	28 000
Net Income	105 000	−98 000	106 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	77 000	25 000	32 000
Total Current Assets	731 000	32 000	170 000
Total Assets	808 000	57 000	202 000
Total Retained Equity	113 000	9 000	106 000
Total Equity	138 000	33 000	131 000
Total Long-Term Debt	0	0	1 000
Total Current Debt	670 000	24 000	70 000
Total Equity and Debt	808 000	57 000	202 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 932 000	421 000	532 000
Other Income	0	0	0
Revenue	4 932 000	421 000	532 000
Cost of Goods Sold	2 920 000	116 000	236 000
Salary Costs	663 000	2 000	2 000
Depreciation	5 000	7 000	2 000
Impairment	0	0	0
Expenditure	4 817 000	520 000	398 000
Operating Profit	115 000	−98 000	135 000
Financial Income	0	0	0
Financial Costs	6 000	1 000	0
Financial Balance	−6 000	−1 000	0
Dividends	0	0	0
Net Income	105 000	−98 000	106 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	77 000	25 000	32 000
Total Tangible Assets	77 000	25 000	32 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	77 000	25 000	32 000
Stock	364 000	0	0
Total Investments	0	0	0
Cash, Bank	56 000	24 000	91 000
Total Current Assets	731 000	32 000	170 000
Total Assets	808 000	57 000	202 000
Total Equity	138 000	33 000	131 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	1 000
Creditors	322 000	3 000	15 000
Unpaid Taxes	277 000	0	19 000
Dividends	0	0	0
Other Current Debt	66 000	21 000	9 000
Total Current Debt	670 000	24 000	70 000
Total Equity and Debt	808 000	57 000	202 000

Financial indicators	2022	2021	2020
Return on Equity	76,09 %	−296,97 %	80,92 %
Debt-to-Equity Ratio	0	0	0,01
Operating Profit Margin	2,33 %	−23,28 %	25,38 %
Current Ratio	1,09	1,33	2,43
Quick Ratio	2,39	1,33	2,43
Equity Ratio	0,17	0,58	0,65
Gross Profit Margin	40,79 %	72,45 %	55,64 %