ØKONOM STORHAUG AS

5750 ODDA

Finances

Share Ownership

Return on Equity

−12,1 %

Current Ratio

4,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 980 000	4 428 000	3 811 000	3 233 000
Net Income	−266 000	178 000	−138 000	13 000
Total Assets	2 810 000	2 825 000	2 614 000	2 752 000
Total Equity	2 198 000	2 465 000	2 287 000	2 424 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 980 000	4 428 000	3 811 000	3 233 000
Expenditure	4 248 000	4 254 000	3 954 000	3 224 000
Operating Profit	−268 000	174 000	−141 000	9 000
Financial Income	4 000	4 000	3 000	5 000
Financial Costs	2 000	0	0	0
Financial Balance	2 000	4 000	3 000	5 000
Earnings Before Tax	−266 000	178 000	−138 000	13 000
Tax	0	0	0	0
Net Income	−266 000	178 000	−138 000	13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	55 000	86 000	118 000	150 000
Total Current Assets	2 755 000	2 739 000	2 496 000	2 602 000
Total Assets	2 810 000	2 825 000	2 614 000	2 752 000
Total Retained Equity	1 309 000	1 575 000	1 397 000	1 535 000
Total Equity	2 198 000	2 465 000	2 287 000	2 424 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	612 000	361 000	327 000	327 000
Total Equity and Debt	2 810 000	2 825 000	2 614 000	2 752 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 980 000	4 428 000	3 807 000	3 233 000
Other Income	0	0	5 000	0
Revenue	3 980 000	4 428 000	3 811 000	3 233 000
Cost of Goods Sold	2 607 000	2 724 000	2 640 000	1 841 000
Salary Costs	1 084 000	990 000	875 000	924 000
Depreciation	32 000	32 000	32 000	34 000
Impairment	0	0	0	0
Expenditure	4 248 000	4 254 000	3 954 000	3 224 000
Operating Profit	−268 000	174 000	−141 000	9 000
Financial Income	4 000	4 000	3 000	5 000
Financial Costs	2 000	0	0	0
Financial Balance	2 000	4 000	3 000	5 000
Dividends	0	0	0	0
Net Income	−266 000	178 000	−138 000	13 000

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	55 000	86 000	118 000	150 000
Total Tangible Assets	55 000	86 000	118 000	150 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	55 000	86 000	118 000	150 000
Stock	1 535 000	1 482 000	1 296 000	1 666 000
Total Investments	0	0	0	0
Cash, Bank	596 000	616 000	586 000	305 000
Total Current Assets	2 755 000	2 739 000	2 496 000	2 602 000
Total Assets	2 810 000	2 825 000	2 614 000	2 752 000
Total Equity	2 198 000	2 465 000	2 287 000	2 424 000
Short-Term Group Debt	180 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	90 000	66 000	16 000	24 000
Unpaid Taxes	184 000	186 000	202 000	189 000
Dividends	0	0	0	0
Other Current Debt	158 000	109 000	110 000	114 000
Total Current Debt	612 000	361 000	327 000	327 000
Total Equity and Debt	2 810 000	2 825 000	2 614 000	2 752 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,1 %	7,22 %	−6,03 %	0,54 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−6,73 %	3,93 %	−3,7 %	0,28 %
Current Ratio	4,5	7,59	7,63	7,96
Quick Ratio	−2,98	−2,44	−2,58	−1,94
Equity Ratio	0,78	0,87	0,87	0,88
Gross Profit Margin	34,5 %	38,48 %	30,73 %	43,06 %