OLAVSGATA 8 AS

6015 ÅLESUND

Finances

Share Ownership

Return on Equity

8,63 %

Current Ratio

Debt-to-Equity Ratio

1,43

Key figures (NOK)	2022	2021	2020
Revenue	634 000	933 000	56 000
Net Income	112 000	−169 000	−39 000
Total Assets	3 163 000	3 621 000	5 608 000
Total Equity	1 298 000	1 186 000	1 355 000

Income (NOK)	2022	2021	2020
Revenue	634 000	933 000	56 000
Expenditure	463 000	966 000	96 000
Operating Profit	171 000	−34 000	−39 000
Financial Income	0	0	0
Financial Costs	83 000	135 000	0
Financial Balance	−83 000	−135 000	0
Earnings Before Tax	88 000	−169 000	−39 000
Tax	−24 000	0	0
Net Income	112 000	−169 000	−39 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	3 065 000	1 973 000	1 973 000
Total Current Assets	98 000	1 648 000	3 635 000
Total Assets	3 163 000	3 621 000	5 608 000
Total Retained Equity	−96 000	−208 000	−39 000
Total Equity	1 298 000	1 186 000	1 355 000
Total Long-Term Debt	1 858 000	1 958 000	0
Total Current Debt	7 000	477 000	4 252 000
Total Equity and Debt	3 163 000	3 621 000	5 608 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	634 000	933 000	56 000
Revenue	634 000	933 000	56 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	3 000
Depreciation	0	0	29 000
Impairment	0	0	0
Expenditure	463 000	966 000	96 000
Operating Profit	171 000	−34 000	−39 000
Financial Income	0	0	0
Financial Costs	83 000	135 000	0
Financial Balance	−83 000	−135 000	0
Dividends	0	0	0
Net Income	112 000	−169 000	−39 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	24 000	0	0
Real Eastate	3 041 000	1 973 000	1 973 000
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	3 041 000	1 973 000	1 973 000
Total Fiancial Fixed Assets	−1 000	0	0
Total Fixed Assets	3 065 000	1 973 000	1 973 000
Stock	0	624 000	2 561 000
Total Investments	0	0	0
Cash, Bank	54 000	282 000	1 064 000
Total Current Assets	98 000	1 648 000	3 635 000
Total Assets	3 163 000	3 621 000	5 608 000
Total Equity	1 298 000	1 186 000	1 355 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 858 000	1 958 000	0
Creditors	3 000	473 000	277 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	4 000	4 000	4 000
Total Current Debt	7 000	477 000	4 252 000
Total Equity and Debt	3 163 000	3 621 000	5 608 000

Financial indicators	2022	2021	2020
Return on Equity	8,63 %	−14,25 %	−2,88 %
Debt-to-Equity Ratio	1,43	1,65	0
Operating Profit Margin	26,97 %	−3,64 %	−69,64 %
Current Ratio	14	3,45	0,85
Quick Ratio	14	−11,21	2,15
Equity Ratio	0,41	0,33	0,24
Gross Profit Margin	100 %	100 %	100 %