ØLNESETER AS

2930 BAGN

Finances

Share Ownership

Return on Equity

10,21 %

Current Ratio

8,3

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 629 000	6 369 000	4 649 000	7 580 000
Net Income	551 000	3 016 000	1 761 000	1 886 000
Total Assets	6 185 000	8 380 000	11 539 000	11 443 000
Total Equity	5 397 000	4 845 000	5 829 000	6 068 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 629 000	6 369 000	4 649 000	7 580 000
Expenditure	1 942 000	2 500 000	2 324 000	5 103 000
Operating Profit	688 000	3 868 000	2 324 000	2 477 000
Financial Income	24 000	6 000	16 000	21 000
Financial Costs	4 000	5 000	82 000	122 000
Financial Balance	20 000	1 000	−66 000	−101 000
Earnings Before Tax	707 000	3 868 000	2 259 000	2 375 000
Tax	156 000	852 000	498 000	489 000
Net Income	551 000	3 016 000	1 761 000	1 886 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 130 000	1 484 000	1 770 000	1 899 000
Total Current Assets	5 056 000	6 896 000	9 769 000	9 544 000
Total Assets	6 185 000	8 380 000	11 539 000	11 443 000
Total Retained Equity	5 197 000	4 645 000	5 629 000	5 868 000
Total Equity	5 397 000	4 845 000	5 829 000	6 068 000
Total Long-Term Debt	180 000	177 000	2 656 000	3 723 000
Total Current Debt	609 000	3 358 000	3 053 000	1 652 000
Total Equity and Debt	6 185 000	8 380 000	11 539 000	11 443 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 629 000	6 369 000	4 649 000	7 580 000
Other Income	0	0	0	0
Revenue	2 629 000	6 369 000	4 649 000	7 580 000
Cost of Goods Sold	1 838 000	2 325 000	2 129 000	4 759 000
Salary Costs	0	−1 000	0	9 000
Depreciation	6 000	10 000	10 000	4 000
Impairment	0	0	0	0
Expenditure	1 942 000	2 500 000	2 324 000	5 103 000
Operating Profit	688 000	3 868 000	2 324 000	2 477 000
Financial Income	24 000	6 000	16 000	21 000
Financial Costs	4 000	5 000	82 000	122 000
Financial Balance	20 000	1 000	−66 000	−101 000
Dividends	0	0	0	0
Net Income	551 000	3 016 000	1 761 000	1 886 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	10 000	16 000	26 000	36 000
Fixtures	0	0	0	0
Total Tangible Assets	10 000	16 000	26 000	36 000
Total Fiancial Fixed Assets	1 120 000	1 468 000	1 744 000	1 863 000
Total Fixed Assets	1 130 000	1 484 000	1 770 000	1 899 000
Stock	4 366 000	3 970 000	6 263 000	7 715 000
Total Investments	0	0	0	0
Cash, Bank	690 000	2 927 000	1 914 000	1 785 000
Total Current Assets	5 056 000	6 896 000	9 769 000	9 544 000
Total Assets	6 185 000	8 380 000	11 539 000	11 443 000
Total Equity	5 397 000	4 845 000	5 829 000	6 068 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	180 000	177 000	2 656 000	3 723 000
Creditors	0	0	75 000	127 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	452 000	2 506 000	2 479 000	1 037 000
Total Current Debt	609 000	3 358 000	3 053 000	1 652 000
Total Equity and Debt	6 185 000	8 380 000	11 539 000	11 443 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,21 %	62,25 %	30,21 %	31,08 %
Debt-to-Equity Ratio	0,03	0,04	0,46	0,61
Operating Profit Margin	26,17 %	60,73 %	49,99 %	32,68 %
Current Ratio	8,3	2,05	3,2	5,78
Quick Ratio	−1,35	−11,27	−3,04	−1,57
Equity Ratio	0,87	0,58	0,51	0,53
Gross Profit Margin	30,09 %	63,5 %	54,21 %	37,22 %