ØRNEN HOLDING AS

4262 AVALDSNES

Finances

Return on Equity

−6,25 %

Current Ratio

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	296 000	0	68 000	126 000
Net Income	−6 000	5 945 000	−67 000	266 000
Total Assets	99 000	6 434 000	1 457 000	1 538 000
Total Equity	96 000	102 000	1 157 000	1 224 000

Income (NOK)	2022	2021	2020	2019
Revenue	296 000	0	68 000	126 000
Expenditure	307 000	24 000	73 000	108 000
Operating Profit	−11 000	−24 000	−4 000	17 000
Financial Income	6 000	6 005 000	0	253 000
Financial Costs	1 000	1 000	60 000	0
Financial Balance	5 000	6 004 000	−60 000	253 000
Earnings Before Tax	−6 000	5 980 000	−65 000	270 000
Tax	0	35 000	2 000	4 000
Net Income	−6 000	5 945 000	−67 000	266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 000	52 000	31 000	33 000
Total Current Assets	48 000	6 382 000	1 426 000	1 504 000
Total Assets	99 000	6 434 000	1 457 000	1 538 000
Total Retained Equity	23 000	30 000	1 085 000	1 151 000
Total Equity	96 000	102 000	1 157 000	1 224 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 000	6 331 000	300 000	314 000
Total Equity and Debt	99 000	6 434 000	1 457 000	1 538 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	296 000	0	68 000	126 000
Other Income	0	0	0	0
Revenue	296 000	0	68 000	126 000
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	307 000	24 000	73 000	108 000
Operating Profit	−11 000	−24 000	−4 000	17 000
Financial Income	6 000	6 005 000	0	253 000
Financial Costs	1 000	1 000	60 000	0
Financial Balance	5 000	6 004 000	−60 000	253 000
Dividends	0	7 000 000	0	0
Net Income	−6 000	5 945 000	−67 000	266 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	4 000	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	24 000	24 000	0	0
Total Tangible Assets	24 000	24 000	0	0
Total Fiancial Fixed Assets	27 000	27 000	27 000	27 000
Total Fixed Assets	52 000	52 000	31 000	33 000
Stock	0	0	0	0
Total Investments	0	0	0	1 452 000
Cash, Bank	48 000	1 382 000	1 426 000	38 000
Total Current Assets	48 000	6 382 000	1 426 000	1 504 000
Total Assets	99 000	6 434 000	1 457 000	1 538 000
Total Equity	96 000	102 000	1 157 000	1 224 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	0	0	7 000
Unpaid Taxes	−1 000	0	0	0
Dividends	0	7 000 000	0	0
Other Current Debt	0	6 300 000	300 000	307 000
Total Current Debt	3 000	6 331 000	300 000	314 000
Total Equity and Debt	99 000	6 434 000	1 457 000	1 538 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,25 %	5 828,43 %	−5,79 %	21,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−3,72 %	-	−5,88 %	13,49 %
Current Ratio	16	1,01	4,75	4,79
Quick Ratio	16	1,01	4,75	4,79
Equity Ratio	0,97	0,02	0,79	0,8
Gross Profit Margin	100 %	-	100 %	100 %