HELGE R OLSEN & SØNN AS

3516 HØNEFOSS

Finances

Share Ownership

Return on Equity

30,5 %

Current Ratio

0,83

Debt-to-Equity Ratio

0,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	89 024 000	95 692 000	110 764 000	112 465 000
Net Income	1 141 000	479 000	654 000	−6 057 000
Total Assets	21 540 000	23 449 000	33 893 000	34 629 000
Total Equity	3 741 000	3 972 000	4 351 000	3 697 000

Income (NOK)	2022	2021	2020	2019
Revenue	89 024 000	95 692 000	110 764 000	112 465 000
Expenditure	87 292 000	94 139 000	109 830 000	118 727 000
Operating Profit	1 732 000	1 553 000	934 000	−6 262 000
Financial Income	426 000	640 000	958 000	737 000
Financial Costs	981 000	1 247 000	1 308 000	1 589 000
Financial Balance	−555 000	−607 000	−350 000	−852 000
Earnings Before Tax	1 178 000	946 000	584 000	−7 114 000
Tax	37 000	467 000	−70 000	−1 057 000
Net Income	1 141 000	479 000	654 000	−6 057 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 676 000	10 897 000	15 653 000	16 530 000
Total Current Assets	12 865 000	12 551 000	18 240 000	18 099 000
Total Assets	21 540 000	23 449 000	33 893 000	34 629 000
Total Retained Equity	500 000	731 000	−1 738 000	−2 392 000
Total Equity	3 741 000	3 972 000	4 351 000	3 697 000
Total Long-Term Debt	2 259 000	4 512 000	7 107 000	9 054 000
Total Current Debt	15 541 000	14 965 000	22 435 000	21 878 000
Total Equity and Debt	21 540 000	23 449 000	33 893 000	34 629 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	82 211 000	93 580 000	110 450 000	111 814 000
Other Income	6 813 000	2 113 000	314 000	651 000
Revenue	89 024 000	95 692 000	110 764 000	112 465 000
Cost of Goods Sold	50 755 000	45 689 000	45 407 000	59 130 000
Salary Costs	17 433 000	26 092 000	38 372 000	26 792 000
Depreciation	814 000	1 817 000	2 836 000	3 992 000
Impairment	0	0	0	0
Expenditure	87 292 000	94 139 000	109 830 000	118 727 000
Operating Profit	1 732 000	1 553 000	934 000	−6 262 000
Financial Income	426 000	640 000	958 000	737 000
Financial Costs	981 000	1 247 000	1 308 000	1 589 000
Financial Balance	−555 000	−607 000	−350 000	−852 000
Dividends	0	0	0	0
Net Income	1 141 000	479 000	654 000	−6 057 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	20 000	0	155 000	85 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 569 000	3 689 000	5 710 000	8 720 000
Fixtures	1 444 000	427 000	311 000	577 000
Total Tangible Assets	4 012 000	4 116 000	6 021 000	9 297 000
Total Fiancial Fixed Assets	4 644 000	6 781 000	9 476 000	7 147 000
Total Fixed Assets	8 676 000	10 897 000	15 653 000	16 530 000
Stock	77 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 310 000	1 906 000	3 790 000	2 077 000
Total Current Assets	12 865 000	12 551 000	18 240 000	18 099 000
Total Assets	21 540 000	23 449 000	33 893 000	34 629 000
Total Equity	3 741 000	3 972 000	4 351 000	3 697 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 259 000	4 512 000	7 107 000	9 054 000
Creditors	5 077 000	5 089 000	6 949 000	7 795 000
Unpaid Taxes	867 000	2 086 000	4 385 000	2 071 000
Dividends	0	0	0	0
Other Current Debt	4 103 000	2 836 000	3 980 000	4 516 000
Total Current Debt	15 541 000	14 965 000	22 435 000	21 878 000
Total Equity and Debt	21 540 000	23 449 000	33 893 000	34 629 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,5 %	12,06 %	15,03 %	−163,84 %
Debt-to-Equity Ratio	0,6	1,14	1,63	2,45
Operating Profit Margin	1,95 %	1,62 %	0,84 %	−5,57 %
Current Ratio	0,83	0,84	0,81	0,83
Quick Ratio	0,83	0,84	0,81	0,83
Equity Ratio	0,17	0,17	0,13	0,11
Gross Profit Margin	42,99 %	52,25 %	59,01 %	47,42 %