ORNES EIENDOM AS

8517 NARVIK

Finances

Share Ownership

Return on Equity

24,06 %

Current Ratio

0,22

Debt-to-Equity Ratio

1,67

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 524 000	5 346 000	5 512 000	5 754 000
Net Income	2 177 000	1 809 000	−4 590 000	1 720 000
Total Assets	26 886 000	29 289 000	27 925 000	38 152 000
Total Equity	9 049 000	8 894 000	8 668 000	6 576 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 524 000	5 346 000	5 512 000	5 754 000
Expenditure	2 183 000	2 469 000	10 533 000	2 549 000
Operating Profit	3 341 000	2 877 000	−5 021 000	3 204 000
Financial Income	35 000	0	0	0
Financial Costs	585 000	558 000	864 000	999 000
Financial Balance	−550 000	−558 000	−864 000	−999 000
Earnings Before Tax	2 791 000	2 319 000	−5 885 000	2 206 000
Tax	614 000	510 000	−1 294 000	485 000
Net Income	2 177 000	1 809 000	−4 590 000	1 720 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	26 297 000	26 996 000	27 445 000	37 987 000
Total Current Assets	588 000	2 293 000	480 000	165 000
Total Assets	26 886 000	29 289 000	27 925 000	38 152 000
Total Retained Equity	381 000	226 000	0	2 306 000
Total Equity	9 049 000	8 894 000	8 668 000	6 576 000
Total Long-Term Debt	15 124 000	17 379 000	16 835 000	29 021 000
Total Current Debt	2 713 000	3 016 000	2 422 000	2 554 000
Total Equity and Debt	26 886 000	29 289 000	27 925 000	38 152 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	80 000
Other Income	5 524 000	5 346 000	5 512 000	5 674 000
Revenue	5 524 000	5 346 000	5 512 000	5 754 000
Cost of Goods Sold	120 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	728 000	719 000	893 000	1 069 000
Impairment	0	0	0	0
Expenditure	2 183 000	2 469 000	10 533 000	2 549 000
Operating Profit	3 341 000	2 877 000	−5 021 000	3 204 000
Financial Income	35 000	0	0	0
Financial Costs	585 000	558 000	864 000	999 000
Financial Balance	−550 000	−558 000	−864 000	−999 000
Dividends	0	0	0	0
Net Income	2 177 000	1 809 000	−4 590 000	1 720 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	26 297 000	26 996 000	27 445 000	37 987 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	26 297 000	26 996 000	27 445 000	37 987 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	26 297 000	26 996 000	27 445 000	37 987 000
Stock	230 000	230 000	380 000	0
Total Investments	0	0	0	0
Cash, Bank	261 000	23 000	8 000	6 000
Total Current Assets	588 000	2 293 000	480 000	165 000
Total Assets	26 886 000	29 289 000	27 925 000	38 152 000
Total Equity	9 049 000	8 894 000	8 668 000	6 576 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 124 000	17 379 000	16 835 000	29 021 000
Creditors	109 000	132 000	69 000	333 000
Unpaid Taxes	6 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 598 000	2 884 000	2 354 000	2 221 000
Total Current Debt	2 713 000	3 016 000	2 422 000	2 554 000
Total Equity and Debt	26 886 000	29 289 000	27 925 000	38 152 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,06 %	20,34 %	−52,95 %	26,16 %
Debt-to-Equity Ratio	1,67	1,95	1,94	4,41
Operating Profit Margin	60,48 %	53,82 %	−91,09 %	55,68 %
Current Ratio	0,22	0,76	0,2	0,06
Quick Ratio	0,24	0,82	0,24	0,06
Equity Ratio	0,34	0,3	0,31	0,17
Gross Profit Margin	97,83 %	100 %	100 %	100 %