OLSEN BATTERIER AS

6020 ÅLESUND

Finances

Share Ownership

Return on Equity

48,59 %

Current Ratio

1,59

Debt-to-Equity Ratio

2,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 580 000	7 245 000	5 989 000	2 044 000
Net Income	207 000	−24 000	192 000	157 000
Total Assets	3 194 000	2 622 000	2 700 000	1 902 000
Total Equity	426 000	219 000	243 000	51 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 580 000	7 245 000	5 989 000	2 044 000
Expenditure	8 241 000	7 212 000	5 669 000	1 818 000
Operating Profit	338 000	32 000	319 000	226 000
Financial Income	21 000	11 000	16 000	4 000
Financial Costs	91 000	73 000	86 000	26 000
Financial Balance	−70 000	−62 000	−70 000	−22 000
Earnings Before Tax	268 000	−29 000	249 000	204 000
Tax	61 000	−6 000	56 000	47 000
Net Income	207 000	−24 000	192 000	157 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	204 000	324 000	461 000	537 000
Total Current Assets	2 990 000	2 299 000	2 239 000	1 366 000
Total Assets	3 194 000	2 622 000	2 700 000	1 902 000
Total Retained Equity	326 000	119 000	143 000	−49 000
Total Equity	426 000	219 000	243 000	51 000
Total Long-Term Debt	893 000	1 135 000	1 555 000	1 318 000
Total Current Debt	1 875 000	1 269 000	902 000	534 000
Total Equity and Debt	3 194 000	2 622 000	2 700 000	1 902 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 361 000	7 029 000	5 781 000	1 824 000
Other Income	218 000	216 000	208 000	220 000
Revenue	8 580 000	7 245 000	5 989 000	2 044 000
Cost of Goods Sold	5 310 000	4 406 000	3 199 000	986 000
Salary Costs	1 884 000	1 788 000	1 270 000	330 000
Depreciation	159 000	170 000	170 000	14 000
Impairment	0	0	0	0
Expenditure	8 241 000	7 212 000	5 669 000	1 818 000
Operating Profit	338 000	32 000	319 000	226 000
Financial Income	21 000	11 000	16 000	4 000
Financial Costs	91 000	73 000	86 000	26 000
Financial Balance	−70 000	−62 000	−70 000	−22 000
Dividends	0	0	0	0
Net Income	207 000	−24 000	192 000	157 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	117 000	233 000	350 000
Total Intangible Assets	141 000	218 000	303 000	350 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	63 000	105 000	159 000	187 000
Total Tangible Assets	63 000	105 000	159 000	187 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	204 000	324 000	461 000	537 000
Stock	2 107 000	1 669 000	1 384 000	778 000
Total Investments	0	0	0	0
Cash, Bank	80 000	68 000	172 000	224 000
Total Current Assets	2 990 000	2 299 000	2 239 000	1 366 000
Total Assets	3 194 000	2 622 000	2 700 000	1 902 000
Total Equity	426 000	219 000	243 000	51 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	893 000	1 135 000	1 555 000	1 318 000
Creditors	861 000	474 000	308 000	389 000
Unpaid Taxes	314 000	238 000	270 000	82 000
Dividends	0	0	0	0
Other Current Debt	516 000	196 000	189 000	63 000
Total Current Debt	1 875 000	1 269 000	902 000	534 000
Total Equity and Debt	3 194 000	2 622 000	2 700 000	1 902 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,59 %	−10,96 %	79,01 %	307,84 %
Debt-to-Equity Ratio	2,1	5,18	6,4	25,84
Operating Profit Margin	3,94 %	0,44 %	5,33 %	11,06 %
Current Ratio	1,59	1,81	2,48	2,56
Quick Ratio	−12,89	−5,75	−4,65	−5,6
Equity Ratio	0,13	0,08	0,09	0,03
Gross Profit Margin	38,11 %	39,19 %	46,59 %	51,76 %