OFOTEN RØR AS

8514 NARVIK

Finances

Return on Equity

20,7 %

Current Ratio

3,38

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 215 000	31 160 000	26 019 000	25 407 000
Net Income	1 973 000	3 605 000	1 585 000	1 934 000
Total Assets	14 008 000	14 616 000	11 093 000	11 333 000
Total Equity	9 532 000	9 559 000	7 554 000	7 569 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 215 000	31 160 000	26 019 000	25 407 000
Expenditure	21 818 000	26 702 000	24 183 000	22 946 000
Operating Profit	2 397 000	4 459 000	1 836 000	2 461 000
Financial Income	166 000	159 000	128 000	134 000
Financial Costs	68 000	34 000	33 000	75 000
Financial Balance	98 000	125 000	95 000	59 000
Earnings Before Tax	2 495 000	4 584 000	1 931 000	2 520 000
Tax	523 000	979 000	347 000	585 000
Net Income	1 973 000	3 605 000	1 585 000	1 934 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 276 000	1 712 000	1 381 000	1 763 000
Total Current Assets	11 732 000	12 904 000	9 712 000	9 571 000
Total Assets	14 008 000	14 616 000	11 093 000	11 333 000
Total Retained Equity	9 432 000	9 459 000	7 454 000	7 469 000
Total Equity	9 532 000	9 559 000	7 554 000	7 569 000
Total Long-Term Debt	1 001 000	464 000	234 000	409 000
Total Current Debt	3 475 000	4 593 000	3 305 000	3 354 000
Total Equity and Debt	14 008 000	14 616 000	11 093 000	11 333 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 040 000	30 645 000	26 019 000	25 407 000
Other Income	176 000	515 000	0	0
Revenue	24 215 000	31 160 000	26 019 000	25 407 000
Cost of Goods Sold	12 263 000	16 799 000	15 391 000	13 424 000
Salary Costs	6 580 000	6 701 000	5 918 000	6 353 000
Depreciation	218 000	328 000	382 000	406 000
Impairment	0	0	0	0
Expenditure	21 818 000	26 702 000	24 183 000	22 946 000
Operating Profit	2 397 000	4 459 000	1 836 000	2 461 000
Financial Income	166 000	159 000	128 000	134 000
Financial Costs	68 000	34 000	33 000	75 000
Financial Balance	98 000	125 000	95 000	59 000
Dividends	0	0	0	0
Net Income	1 973 000	3 605 000	1 585 000	1 934 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	35 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 636 000	971 000	1 260 000	1 642 000
Total Tangible Assets	1 636 000	971 000	1 260 000	1 642 000
Total Fiancial Fixed Assets	605 000	741 000	121 000	121 000
Total Fixed Assets	2 276 000	1 712 000	1 381 000	1 763 000
Stock	1 430 000	1 442 000	1 377 000	1 425 000
Total Investments	0	0	0	0
Cash, Bank	8 391 000	7 255 000	4 984 000	5 157 000
Total Current Assets	11 732 000	12 904 000	9 712 000	9 571 000
Total Assets	14 008 000	14 616 000	11 093 000	11 333 000
Total Equity	9 532 000	9 559 000	7 554 000	7 569 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 001 000	464 000	234 000	409 000
Creditors	1 044 000	1 401 000	734 000	983 000
Unpaid Taxes	762 000	984 000	776 000	733 000
Dividends	0	0	0	0
Other Current Debt	1 212 000	1 233 000	1 472 000	946 000
Total Current Debt	3 475 000	4 593 000	3 305 000	3 354 000
Total Equity and Debt	14 008 000	14 616 000	11 093 000	11 333 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,7 %	37,71 %	20,98 %	25,55 %
Debt-to-Equity Ratio	0,11	0,05	0,03	0,05
Operating Profit Margin	9,9 %	14,31 %	7,06 %	9,69 %
Current Ratio	3,38	2,81	2,94	2,85
Quick Ratio	5,74	4,1	5,04	4,96
Equity Ratio	0,68	0,65	0,68	0,67
Gross Profit Margin	49,36 %	46,09 %	40,85 %	47,16 %