OLSET EIENDOM AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

−90,63 %

Current Ratio

2,25

Debt-to-Equity Ratio

−1,2

Key figures (NOK)	2020	2019	2018	2017
Revenue	5 182 000	0	−243 000	75 000
Net Income	6 106 000	−3 086 000	−677 000	−702 000
Total Assets	2 452 000	11 108 000	10 620 000	10 439 000
Total Equity	−6 737 000	−12 843 000	−9 757 000	−9 080 000

Income (NOK)	2020	2019	2018	2017
Revenue	5 182 000	0	−243 000	75 000
Expenditure	−2 774 000	288 000	272 000	694 000
Operating Profit	7 957 000	−289 000	−514 000	−619 000
Financial Income	3 000	3 000	3 000	17 000
Financial Costs	353 000	217 000	127 000	86 000
Financial Balance	−350 000	−214 000	−124 000	−69 000
Earnings Before Tax	7 607 000	−502 000	−638 000	−688 000
Tax	1 501 000	2 584 000	38 000	14 000
Net Income	6 106 000	−3 086 000	−677 000	−702 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	16 000	11 089 000	10 590 000	9 910 000
Total Current Assets	2 436 000	19 000	30 000	530 000
Total Assets	2 452 000	11 108 000	10 620 000	10 439 000
Total Retained Equity	−7 270 000	−13 377 000	−10 290 000	−9 614 000
Total Equity	−6 737 000	−12 843 000	−9 757 000	−9 080 000
Total Long-Term Debt	8 105 000	19 028 000	17 709 000	17 921 000
Total Current Debt	1 084 000	4 923 000	2 668 000	1 599 000
Total Equity and Debt	2 452 000	11 108 000	10 620 000	10 439 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	0	0	−243 000	33 000
Other Income	5 182 000	0	0	42 000
Revenue	5 182 000	0	−243 000	75 000
Cost of Goods Sold	0	0	248 000	36 000
Salary Costs	0	0	0	0
Depreciation	0	10 000	12 000	12 000
Impairment	0	0	0	0
Expenditure	−2 774 000	288 000	272 000	694 000
Operating Profit	7 957 000	−289 000	−514 000	−619 000
Financial Income	3 000	3 000	3 000	17 000
Financial Costs	353 000	217 000	127 000	86 000
Financial Balance	−350 000	−214 000	−124 000	−69 000
Dividends	0	0	0	0
Net Income	6 106 000	−3 086 000	−677 000	−702 000

Balance details (NOK)	2020	2019	2018	2017
Goodwill	0	0	0	0
Total Intangible Assets	0	1 501 000	4 084 000	4 123 000
Real Eastate	0	9 472 000	6 379 000	5 648 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	101 000	111 000	123 000
Total Tangible Assets	0	9 573 000	6 490 000	5 771 000
Total Fiancial Fixed Assets	16 000	16 000	16 000	16 000
Total Fixed Assets	16 000	11 089 000	10 590 000	9 910 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	55 000	14 000	8 000	61 000
Total Current Assets	2 436 000	19 000	30 000	530 000
Total Assets	2 452 000	11 108 000	10 620 000	10 439 000
Total Equity	−6 737 000	−12 843 000	−9 757 000	−9 080 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 105 000	19 028 000	17 709 000	17 921 000
Creditors	228 000	1 371 000	514 000	176 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	856 000	3 552 000	2 154 000	1 423 000
Total Current Debt	1 084 000	4 923 000	2 668 000	1 599 000
Total Equity and Debt	2 452 000	11 108 000	10 620 000	10 439 000

Financial indicators	2020	2019	2018	2017
Return on Equity	−90,63 %	24,03 %	6,94 %	7,73 %
Debt-to-Equity Ratio	−1,2	−1,48	−1,82	−1,97
Operating Profit Margin	153,55 %	-	211,52 %	−825,33 %
Current Ratio	2,25	0	0,01	0,33
Quick Ratio	2,25	0	0,01	0,33
Equity Ratio	−2,75	−1,16	−0,92	−0,87
Gross Profit Margin	100 %	-	202,06 %	52 %