OFOTEN MALERSERVICE AS

8519 NARVIK

Finances

Return on Equity

−9,62 %

Current Ratio

3,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	395 000	1 098 000	1 180 000	1 163 000
Net Income	−111 000	10 000	210 000	218 000
Total Assets	1 505 000	2 050 000	2 306 000	2 135 000
Total Equity	1 154 000	1 466 000	1 706 000	1 746 000

Income (NOK)	2022	2021	2020	2019
Revenue	395 000	1 098 000	1 180 000	1 163 000
Expenditure	505 000	1 088 000	918 000	956 000
Operating Profit	−110 000	10 000	262 000	207 000
Financial Income	5 000	2 000	4 000	11 000
Financial Costs	7 000	0	0	0
Financial Balance	−2 000	2 000	4 000	11 000
Earnings Before Tax	−111 000	12 000	265 000	218 000
Tax	0	2 000	55 000	0
Net Income	−111 000	10 000	210 000	218 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	250 000	256 000	256 000	256 000
Total Current Assets	1 255 000	1 794 000	2 050 000	1 880 000
Total Assets	1 505 000	2 050 000	2 306 000	2 135 000
Total Retained Equity	1 054 000	1 366 000	1 606 000	1 646 000
Total Equity	1 154 000	1 466 000	1 706 000	1 746 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	351 000	584 000	600 000	390 000
Total Equity and Debt	1 505 000	2 050 000	2 306 000	2 135 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	395 000	1 098 000	1 178 000	1 157 000
Other Income	0	0	2 000	6 000
Revenue	395 000	1 098 000	1 180 000	1 163 000
Cost of Goods Sold	231 000	759 000	558 000	608 000
Salary Costs	117 000	129 000	106 000	−25 000
Depreciation	0	0	0	100 000
Impairment	0	0	0	−80 000
Expenditure	505 000	1 088 000	918 000	956 000
Operating Profit	−110 000	10 000	262 000	207 000
Financial Income	5 000	2 000	4 000	11 000
Financial Costs	7 000	0	0	0
Financial Balance	−2 000	2 000	4 000	11 000
Dividends	200 000	250 000	250 000	250 000
Net Income	−111 000	10 000	210 000	218 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	250 000	256 000	256 000	256 000
Total Fixed Assets	250 000	256 000	256 000	256 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 208 000	1 548 000	1 774 000	1 694 000
Total Current Assets	1 255 000	1 794 000	2 050 000	1 880 000
Total Assets	1 505 000	2 050 000	2 306 000	2 135 000
Total Equity	1 154 000	1 466 000	1 706 000	1 746 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	22 000	46 000	94 000	107 000
Unpaid Taxes	0	80 000	32 000	0
Dividends	200 000	250 000	250 000	250 000
Other Current Debt	129 000	206 000	168 000	32 000
Total Current Debt	351 000	584 000	600 000	390 000
Total Equity and Debt	1 505 000	2 050 000	2 306 000	2 135 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,62 %	0,68 %	12,31 %	12,49 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−27,85 %	0,91 %	22,2 %	17,8 %
Current Ratio	3,58	3,07	3,42	4,82
Quick Ratio	3,58	3,07	3,42	4,82
Equity Ratio	0,77	0,72	0,74	0,82
Gross Profit Margin	41,52 %	30,87 %	52,71 %	47,72 %