ØSTFOLD VARMESERVICE ØVAS AS

1531 MOSS

Finances

Return on Equity

9,14 %

Current Ratio

2,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 178 000	1 858 000	1 590 000	2 229 000
Net Income	64 000	93 000	49 000	14 000
Total Assets	1 170 000	971 000	877 000	839 000
Total Equity	700 000	636 000	613 000	564 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 178 000	1 858 000	1 590 000	2 229 000
Expenditure	2 110 000	1 741 000	1 532 000	2 214 000
Operating Profit	68 000	116 000	59 000	15 000
Financial Income	13 000	6 000	6 000	7 000
Financial Costs	1 000	4 000	4 000	6 000
Financial Balance	12 000	2 000	2 000	1 000
Earnings Before Tax	80 000	119 000	62 000	16 000
Tax	15 000	26 000	12 000	2 000
Net Income	64 000	93 000	49 000	14 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	74 000	72 000	73 000	82 000
Total Current Assets	1 097 000	899 000	804 000	757 000
Total Assets	1 170 000	971 000	877 000	839 000
Total Retained Equity	670 000	606 000	513 000	464 000
Total Equity	700 000	636 000	613 000	564 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	470 000	335 000	264 000	276 000
Total Equity and Debt	1 170 000	971 000	877 000	839 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 178 000	1 858 000	1 590 000	2 229 000
Other Income	0	0	0	0
Revenue	2 178 000	1 858 000	1 590 000	2 229 000
Cost of Goods Sold	1 038 000	914 000	731 000	1 197 000
Salary Costs	683 000	481 000	439 000	648 000
Depreciation	0	0	5 000	43 000
Impairment	0	0	0	0
Expenditure	2 110 000	1 741 000	1 532 000	2 214 000
Operating Profit	68 000	116 000	59 000	15 000
Financial Income	13 000	6 000	6 000	7 000
Financial Costs	1 000	4 000	4 000	6 000
Financial Balance	12 000	2 000	2 000	1 000
Dividends	0	0	0	0
Net Income	64 000	93 000	49 000	14 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 000	5 000	7 000	11 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	5 000
Total Tangible Assets	0	0	0	5 000
Total Fiancial Fixed Assets	67 000	67 000	67 000	67 000
Total Fixed Assets	74 000	72 000	73 000	82 000
Stock	113 000	199 000	283 000	325 000
Total Investments	0	0	0	0
Cash, Bank	567 000	420 000	228 000	148 000
Total Current Assets	1 097 000	899 000	804 000	757 000
Total Assets	1 170 000	971 000	877 000	839 000
Total Equity	700 000	636 000	613 000	564 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	261 000	159 000	60 000	101 000
Unpaid Taxes	112 000	68 000	91 000	72 000
Dividends	0	0	0	0
Other Current Debt	80 000	83 000	105 000	94 000
Total Current Debt	470 000	335 000	264 000	276 000
Total Equity and Debt	1 170 000	971 000	877 000	839 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,14 %	14,62 %	7,99 %	2,48 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,12 %	6,24 %	3,71 %	0,67 %
Current Ratio	2,33	2,68	3,05	2,74
Quick Ratio	3,07	6,61	−42,32	−15,45
Equity Ratio	0,6	0,65	0,7	0,67
Gross Profit Margin	52,34 %	50,81 %	54,03 %	46,3 %