RØRLEGGER MICHAEL OLSEN AS

9517 ALTA

Finances

Share Ownership

Return on Equity

49,33 %

Current Ratio

1,62

Debt-to-Equity Ratio

0,54

Key figures (NOK)	2022	2021	2020
Revenue	4 323 000	3 623 000	1 254 000
Net Income	258 000	101 000	70 000
Total Assets	1 775 000	1 216 000	985 000
Total Equity	523 000	265 000	164 000

Income (NOK)	2022	2021	2020
Revenue	4 323 000	3 623 000	1 254 000
Expenditure	3 980 000	3 485 000	1 157 000
Operating Profit	343 000	139 000	98 000
Financial Income	3 000	2 000	0
Financial Costs	15 000	11 000	10 000
Financial Balance	−12 000	−9 000	−10 000
Earnings Before Tax	331 000	129 000	88 000
Tax	73 000	28 000	18 000
Net Income	258 000	101 000	70 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	206 000	267 000	300 000
Total Current Assets	1 569 000	948 000	685 000
Total Assets	1 775 000	1 216 000	985 000
Total Retained Equity	429 000	171 000	70 000
Total Equity	523 000	265 000	164 000
Total Long-Term Debt	281 000	322 000	361 000
Total Current Debt	970 000	629 000	460 000
Total Equity and Debt	1 775 000	1 216 000	985 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 323 000	3 618 000	1 254 000
Other Income	0	5 000	0
Revenue	4 323 000	3 623 000	1 254 000
Cost of Goods Sold	2 074 000	1 773 000	542 000
Salary Costs	1 226 000	1 172 000	439 000
Depreciation	79 000	75 000	40 000
Impairment	0	0	0
Expenditure	3 980 000	3 485 000	1 157 000
Operating Profit	343 000	139 000	98 000
Financial Income	3 000	2 000	0
Financial Costs	15 000	11 000	10 000
Financial Balance	−12 000	−9 000	−10 000
Dividends	0	0	0
Net Income	258 000	101 000	70 000

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	27 000	35 000	0
Fixtures	179 000	232 000	300 000
Total Tangible Assets	206 000	267 000	300 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	206 000	267 000	300 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	71 000	328 000	152 000
Total Current Assets	1 569 000	948 000	685 000
Total Assets	1 775 000	1 216 000	985 000
Total Equity	523 000	265 000	164 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	281 000	322 000	361 000
Creditors	174 000	152 000	126 000
Unpaid Taxes	359 000	324 000	168 000
Dividends	0	0	0
Other Current Debt	363 000	124 000	160 000
Total Current Debt	970 000	629 000	460 000
Total Equity and Debt	1 775 000	1 216 000	985 000

Financial indicators	2022	2021	2020
Return on Equity	49,33 %	38,11 %	42,68 %
Debt-to-Equity Ratio	0,54	1,22	2,2
Operating Profit Margin	7,93 %	3,84 %	7,81 %
Current Ratio	1,62	1,51	1,49
Quick Ratio	1,62	1,51	1,49
Equity Ratio	0,29	0,22	0,17
Gross Profit Margin	52,02 %	51,06 %	56,78 %