OREC AS

5239 RÅDAL

Finances

Return on Equity

57,77 %

Current Ratio

1,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 002 000	20 479 000	17 633 000	18 575 000
Net Income	762 000	479 000	572 000	666 000
Total Assets	9 014 000	6 729 000	5 791 000	6 956 000
Total Equity	1 319 000	2 309 000	2 099 000	3 027 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 002 000	20 479 000	17 633 000	18 575 000
Expenditure	27 987 000	19 860 000	16 898 000	17 718 000
Operating Profit	1 016 000	619 000	735 000	858 000
Financial Income	0	0	1 000	2 000
Financial Costs	1 000	0	0	1 000
Financial Balance	−1 000	0	1 000	1 000
Earnings Before Tax	1 015 000	618 000	735 000	859 000
Tax	253 000	139 000	163 000	193 000
Net Income	762 000	479 000	572 000	666 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	9 014 000	6 729 000	5 791 000	6 956 000
Total Assets	9 014 000	6 729 000	5 791 000	6 956 000
Total Retained Equity	64 000	1 074 000	886 000	1 814 000
Total Equity	1 319 000	2 309 000	2 099 000	3 027 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 695 000	4 420 000	3 692 000	3 930 000
Total Equity and Debt	9 014 000	6 729 000	5 791 000	6 956 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 002 000	20 479 000	17 633 000	18 575 000
Other Income	0	0	0	0
Revenue	29 002 000	20 479 000	17 633 000	18 575 000
Cost of Goods Sold	22 108 000	18 686 000	16 203 000	15 626 000
Salary Costs	5 287 000	695 000	435 000	1 784 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	27 987 000	19 860 000	16 898 000	17 718 000
Operating Profit	1 016 000	619 000	735 000	858 000
Financial Income	0	0	1 000	2 000
Financial Costs	1 000	0	0	1 000
Financial Balance	−1 000	0	1 000	1 000
Dividends	2 000 000	500 000	1 500 000	400 000
Net Income	762 000	479 000	572 000	666 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 442 000	2 319 000	3 608 000	3 942 000
Total Current Assets	9 014 000	6 729 000	5 791 000	6 956 000
Total Assets	9 014 000	6 729 000	5 791 000	6 956 000
Total Equity	1 319 000	2 309 000	2 099 000	3 027 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 099 000	2 594 000	1 220 000	2 759 000
Unpaid Taxes	1 269 000	310 000	140 000	1 000
Dividends	2 000 000	500 000	1 500 000	400 000
Other Current Debt	2 574 000	877 000	669 000	577 000
Total Current Debt	7 695 000	4 420 000	3 692 000	3 930 000
Total Equity and Debt	9 014 000	6 729 000	5 791 000	6 956 000

Financial indicators	2022	2021	2020	2019
Return on Equity	57,77 %	20,74 %	27,25 %	22 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,5 %	3,02 %	4,17 %	4,62 %
Current Ratio	1,17	1,52	1,57	1,77
Quick Ratio	1,17	1,52	1,57	1,77
Equity Ratio	0,15	0,34	0,36	0,44
Gross Profit Margin	23,77 %	8,76 %	8,11 %	15,88 %