OLAVSEN AS

8340 STAMSUND

Finances

Share Ownership

Return on Equity

−145,16 %

Current Ratio

2,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 000	27 000	75 000	248 000
Net Income	−990 000	−804 000	−987 000	−695 000
Total Assets	785 000	1 721 000	2 293 000	4 469 000
Total Equity	682 000	1 672 000	2 100 000	2 699 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 000	27 000	75 000	248 000
Expenditure	1 016 000	937 000	1 171 000	1 149 000
Operating Profit	−989 000	−910 000	−1 096 000	−902 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	23 000
Financial Balance	0	0	0	−23 000
Earnings Before Tax	−990 000	−910 000	−1 096 000	−924 000
Tax	0	−106 000	−109 000	−230 000
Net Income	−990 000	−804 000	−987 000	−695 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	529 000	1 166 000	1 727 000	2 576 000
Total Current Assets	256 000	555 000	566 000	1 893 000
Total Assets	785 000	1 721 000	2 293 000	4 469 000
Total Retained Equity	−2 017 000	−1 027 000	−599 000	55 000
Total Equity	682 000	1 672 000	2 100 000	2 699 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	103 000	49 000	193 000	1 770 000
Total Equity and Debt	785 000	1 721 000	2 293 000	4 469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	43 000	34 000
Other Income	27 000	27 000	32 000	214 000
Revenue	27 000	27 000	75 000	248 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	718 000	713 000	916 000	958 000
Impairment	0	0	0	0
Expenditure	1 016 000	937 000	1 171 000	1 149 000
Operating Profit	−989 000	−910 000	−1 096 000	−902 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	23 000
Financial Balance	0	0	0	−23 000
Dividends	0	0	0	0
Net Income	−990 000	−804 000	−987 000	−695 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	164 000	832 000	1 498 000	2 094 000
Machinery and Plant Facilities	137 000	182 000	227 000	480 000
Fixtures	17 000	21 000	0	0
Total Tangible Assets	318 000	1 036 000	1 726 000	2 575 000
Total Fiancial Fixed Assets	211 000	130 000	1 000	1 000
Total Fixed Assets	529 000	1 166 000	1 727 000	2 576 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	228 000	59 000	26 000	48 000
Total Current Assets	256 000	555 000	566 000	1 893 000
Total Assets	785 000	1 721 000	2 293 000	4 469 000
Total Equity	682 000	1 672 000	2 100 000	2 699 000
Short-Term Group Debt	0	0	0	1 717 000
Total Long-Term Debt	0	0	0	0
Creditors	100 000	41 000	193 000	53 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	4 000	8 000	0	0
Total Current Debt	103 000	49 000	193 000	1 770 000
Total Equity and Debt	785 000	1 721 000	2 293 000	4 469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−145,16 %	−48,09 %	−47 %	−25,75 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−3 662,96 %	−3 370,37 %	−1 461,33 %	−363,71 %
Current Ratio	2,49	11,33	2,93	1,07
Quick Ratio	2,49	11,33	2,93	1,07
Equity Ratio	0,87	0,97	0,92	0,6
Gross Profit Margin	100 %	100 %	100 %	100 %