OLAV FOSSEN AS

7550 HOMMELVIK

Finances

Return on Equity

53,82 %

Current Ratio

9,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	4 842 000	565 000	573 000	695 000
Total Assets	9 828 000	6 154 000	6 289 000	6 693 000
Total Equity	8 996 000	4 954 000	5 589 000	5 716 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	25 000	25 000	30 000	25 000
Operating Profit	−25 000	−25 000	−30 000	−25 000
Financial Income	4 905 000	588 000	600 000	721 000
Financial Costs	0	0	0	2 000
Financial Balance	4 905 000	588 000	600 000	719 000
Earnings Before Tax	4 880 000	563 000	570 000	694 000
Tax	38 000	−2 000	−3 000	−1 000
Net Income	4 842 000	565 000	573 000	695 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 849 000	1 854 000	1 852 000	1 850 000
Total Current Assets	7 980 000	4 300 000	4 437 000	4 844 000
Total Assets	9 828 000	6 154 000	6 289 000	6 693 000
Total Retained Equity	8 096 000	4 054 000	4 689 000	4 816 000
Total Equity	8 996 000	4 954 000	5 589 000	5 716 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	833 000	1 200 000	700 000	977 000
Total Equity and Debt	9 828 000	6 154 000	6 289 000	6 693 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	25 000	25 000	30 000	25 000
Operating Profit	−25 000	−25 000	−30 000	−25 000
Financial Income	4 905 000	588 000	600 000	721 000
Financial Costs	0	0	0	2 000
Financial Balance	4 905 000	588 000	600 000	719 000
Dividends	800 000	1 200 000	700 000	800 000
Net Income	4 842 000	565 000	573 000	695 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	5 000	4 000	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 849 000	1 849 000	1 849 000	1 849 000
Total Fixed Assets	1 849 000	1 854 000	1 852 000	1 850 000
Stock	0	0	0	0
Total Investments	4 250 000	4 250 000	4 402 000	4 753 000
Cash, Bank	3 730 000	50 000	35 000	91 000
Total Current Assets	7 980 000	4 300 000	4 437 000	4 844 000
Total Assets	9 828 000	6 154 000	6 289 000	6 693 000
Total Equity	8 996 000	4 954 000	5 589 000	5 716 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	800 000	1 200 000	700 000	800 000
Other Current Debt	0	0	0	177 000
Total Current Debt	833 000	1 200 000	700 000	977 000
Total Equity and Debt	9 828 000	6 154 000	6 289 000	6 693 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,82 %	11,4 %	10,25 %	12,16 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	-
Current Ratio	9,58	3,58	6,34	4,96
Quick Ratio	9,58	3,58	6,34	4,96
Equity Ratio	0,92	0,81	0,89	0,85
Gross Profit Margin	-	-	-	-