ØREN RØRSERVICE AS

6884 ØVRE ÅRDAL

Finances

Return on Equity

−8,24 %

Current Ratio

39,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	485 000	1 472 000	2 632 000	2 024 000
Net Income	−225 000	33 000	554 000	172 000
Total Assets	2 796 000	4 075 000	4 302 000	3 682 000
Total Equity	2 730 000	3 954 000	3 921 000	3 367 000

Income (NOK)	2022	2021	2020	2019
Revenue	485 000	1 472 000	2 632 000	2 024 000
Expenditure	708 000	1 438 000	1 934 000	1 822 000
Operating Profit	−223 000	34 000	698 000	202 000
Financial Income	8 000	9 000	14 000	19 000
Financial Costs	0	0	2 000	0
Financial Balance	8 000	9 000	12 000	19 000
Earnings Before Tax	−215 000	43 000	710 000	221 000
Tax	10 000	9 000	156 000	49 000
Net Income	−225 000	33 000	554 000	172 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	175 000	185 000	188 000	192 000
Total Current Assets	2 621 000	3 889 000	4 114 000	3 490 000
Total Assets	2 796 000	4 075 000	4 302 000	3 682 000
Total Retained Equity	2 630 000	3 854 000	3 821 000	3 267 000
Total Equity	2 730 000	3 954 000	3 921 000	3 367 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	66 000	120 000	381 000	315 000
Total Equity and Debt	2 796 000	4 075 000	4 302 000	3 682 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	485 000	1 472 000	2 632 000	2 024 000
Other Income	0	0	0	0
Revenue	485 000	1 472 000	2 632 000	2 024 000
Cost of Goods Sold	328 000	532 000	970 000	856 000
Salary Costs	148 000	635 000	702 000	684 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	708 000	1 438 000	1 934 000	1 822 000
Operating Profit	−223 000	34 000	698 000	202 000
Financial Income	8 000	9 000	14 000	19 000
Financial Costs	0	0	2 000	0
Financial Balance	8 000	9 000	12 000	19 000
Dividends	0	0	0	0
Net Income	−225 000	33 000	554 000	172 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	10 000	13 000	17 000
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	175 000	175 000	175 000	175 000
Total Fixed Assets	175 000	185 000	188 000	192 000
Stock	30 000	65 000	65 000	75 000
Total Investments	0	0	0	0
Cash, Bank	2 529 000	3 715 000	3 823 000	3 313 000
Total Current Assets	2 621 000	3 889 000	4 114 000	3 490 000
Total Assets	2 796 000	4 075 000	4 302 000	3 682 000
Total Equity	2 730 000	3 954 000	3 921 000	3 367 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	−6 000	−67 000	−7 000	74 000
Unpaid Taxes	32 000	97 000	149 000	114 000
Dividends	0	0	0	0
Other Current Debt	40 000	84 000	87 000	84 000
Total Current Debt	66 000	120 000	381 000	315 000
Total Equity and Debt	2 796 000	4 075 000	4 302 000	3 682 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,24 %	0,83 %	14,13 %	5,11 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−45,98 %	2,31 %	26,52 %	9,98 %
Current Ratio	39,71	32,41	10,8	11,08
Quick Ratio	72,81	70,71	13,02	14,54
Equity Ratio	0,98	0,97	0,91	0,91
Gross Profit Margin	32,37 %	63,86 %	63,15 %	57,71 %