ERLING OLSEN AS

4900 TVEDESTRAND

Finances

Share Ownership

Return on Equity

46,3 %

Current Ratio

1,5

Debt-to-Equity Ratio

0,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	62 975 000	61 315 000	41 993 000	28 220 000
Net Income	2 476 000	578 000	1 710 000	126 000
Total Assets	25 327 000	17 579 000	15 703 000	10 202 000
Total Equity	5 348 000	4 672 000	4 165 000	2 550 000

Income (NOK)	2022	2021	2020	2019
Revenue	62 975 000	61 315 000	41 993 000	28 220 000
Expenditure	60 754 000	60 248 000	39 552 000	28 526 000
Operating Profit	2 220 000	1 051 000	2 415 000	402 000
Financial Income	1 168 000	49 000	111 000	83 000
Financial Costs	455 000	355 000	328 000	313 000
Financial Balance	713 000	−306 000	−217 000	−230 000
Earnings Before Tax	2 933 000	745 000	2 199 000	173 000
Tax	457 000	167 000	488 000	47 000
Net Income	2 476 000	578 000	1 710 000	126 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 666 000	59 000	70 000	307 000
Total Current Assets	22 661 000	17 519 000	15 633 000	9 895 000
Total Assets	25 327 000	17 579 000	15 703 000	10 202 000
Total Retained Equity	5 304 000	4 628 000	4 121 000	2 506 000
Total Equity	5 348 000	4 672 000	4 165 000	2 550 000
Total Long-Term Debt	4 916 000	2 655 000	2 826 000	3 103 000
Total Current Debt	15 064 000	10 251 000	8 712 000	4 548 000
Total Equity and Debt	25 327 000	17 579 000	15 703 000	10 202 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	62 934 000	61 233 000	41 993 000	28 220 000
Other Income	41 000	82 000	0	0
Revenue	62 975 000	61 315 000	41 993 000	28 220 000
Cost of Goods Sold	32 494 000	37 596 000	22 454 000	12 999 000
Salary Costs	20 192 000	16 435 000	12 431 000	10 665 000
Depreciation	81 000	58 000	81 000	140 000
Impairment	0	0	0	0
Expenditure	60 754 000	60 248 000	39 552 000	28 526 000
Operating Profit	2 220 000	1 051 000	2 415 000	402 000
Financial Income	1 168 000	49 000	111 000	83 000
Financial Costs	455 000	355 000	328 000	313 000
Financial Balance	713 000	−306 000	−217 000	−230 000
Dividends	913 000	0	0	0
Net Income	2 476 000	578 000	1 710 000	126 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	59 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	21 000	197 000
Fixtures	2 607 000	44 000	50 000	110 000
Total Tangible Assets	2 607 000	44 000	70 000	307 000
Total Fiancial Fixed Assets	0	15 000	0	0
Total Fixed Assets	2 666 000	59 000	70 000	307 000
Stock	2 225 000	2 258 000	2 274 000	2 226 000
Total Investments	0	0	0	0
Cash, Bank	1 201 000	1 104 000	2 115 000	441 000
Total Current Assets	22 661 000	17 519 000	15 633 000	9 895 000
Total Assets	25 327 000	17 579 000	15 703 000	10 202 000
Total Equity	5 348 000	4 672 000	4 165 000	2 550 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 916 000	2 655 000	2 826 000	3 103 000
Creditors	2 611 000	4 924 000	4 646 000	1 844 000
Unpaid Taxes	3 127 000	2 329 000	2 208 000	1 464 000
Dividends	913 000	0	0	0
Other Current Debt	2 884 000	1 672 000	1 358 000	1 087 000
Total Current Debt	15 064 000	10 251 000	8 712 000	4 548 000
Total Equity and Debt	25 327 000	17 579 000	15 703 000	10 202 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,3 %	12,37 %	41,06 %	4,94 %
Debt-to-Equity Ratio	0,92	0,57	0,68	1,22
Operating Profit Margin	3,53 %	1,71 %	5,75 %	1,42 %
Current Ratio	1,5	1,71	1,79	2,18
Quick Ratio	1,77	2,19	2,43	4,26
Equity Ratio	0,21	0,27	0,27	0,25
Gross Profit Margin	48,4 %	38,68 %	46,53 %	53,94 %